Tagged: operation cryptosweep

Modeled After Operation Cryptosweep, NASAA Forms COVID-19 Fraud Task Force

Practice Social distancing COVID 19

  The North American Securities Administrators Association (NASAA) has created a new task force to address nefarious attempts of fraud leveraging the Coronavirus pandemic. The NASAA COVID-19 Enforcement Task Force is modeled after the “successful” Operation Cryptosweep that targeted digital asset scams and frauds. Christopher… Read More

Nova Scotia Issues Investor Alert Against “aGifttoken” ICO Sale

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The Securities Commission in the Canadian province of Nova Scotia has issued an alert warning local investors to be wary of a crypto project/ICO sale called aGiftoken, which is not licensed to sell securities in the region. aGifttoken is now selling a 10-20 million AGT tokens… Read More

Texas Issues Cease and Desist Orders Against Unregistered Crypto and Forex Investment Entity

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The Texas State Securities Board (TSSB) has issued cease and desist orders against “Forex and Bitcoin Trader,” an unregistered dealer of cryptocurrencies, derivatives and foreign currency promising 900% returns in 14 days in online advertisements targeting Dallas investors. This is the fourth emergency action undertaken… Read More

NASAA Reports Increase in Cryptocurrency Fraud Identified by State & Provincial Regulators

NASAA Fraudster enacting a crypto Scam

130 Crypto Investigations Have Been Launched in the US and Canada The North American Securities Administrators Association (NASAA), the lobbying association representing state and provincial securities regulators, says there has been an increase in crypto-related fraud as “investors and con artists alike have returned to… Read More

Texas Securities Board Launches Second “Investigative Sweep” in Response to Recent Tripling of Bitcoin Price

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Three parties accused of soliciting Texas investors with fraudulent cryptocurrency offerings have received emergency cease and desist orders as part of Texas’ “second regulatory sweep of cryptocurrency investment offerings.” Like the first sweep, which began in December 2017, the second sweep has been launched, “in… Read More

North Dakota Securities Commissioner Issues Cease & Desist to Multiple Initial Coin Offerings

Scam initial coin offering ICO

Last week, the North Dakota Securities Commissioner Karen Tyler issued three separate Cease & Desist (C&D) orders against three initial coin offerings (ICOs). The new C&Ds are part of an ongoing initiative by the Commissioner and the Department’s ICO Task Force which is investigating questionable… Read More

NASAA: “Operation Cryptosweep” Announces 200 ICO Investigations Underway Now

Sweep broom

200 active investigations into ICO (initial coin offering) fraud are presently being conducted across North America as part of “Operation Cryptosweep,” the North American Securities Administrators Association (NASAA) announced yesterday. Operation Cryptosweep, an investigative and enforcement action being coordinated by over 40 state and provincial… Read More

Hosho Founder: Regulators Must Crack Down on Cryptocurrency Fraud

Dont Commit Fraud US

Last week, the North American Securities Administrators Association (NASAA) announced Operation Cryptosweep – an attempt to shut the door on scam initial coin offerings (ICOs) that have polluted the digital assets marketplace. The profound abuse and fraud has marred this new sector of finance harming… Read More

CFTC Chair Giancarlo Applauds Operation Cryptosweep. Says “Virtual Currencies and Other Exponential Digital Technologies are Taking Us into a New Era”

J. Christopher Giancarlo 2

On the same day the North American Securities Administrators Assocation (NASAA) announced “Operation Cryptosweep” – a coordinated enforcement action targeting fraudulent initial coin offerings (ICOs), Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo delivered a speech to NASAA members. Within his prepared remarks, Giancarlo stated;… Read More

SEC Chair Jay Clayton Applauds State’s Operation CryptoSweep Action Against Bogus ICOs

Jay Clayton at Crypto Hearing

Securities and Exchange Commission (SECO Chairman Jay Clayton has issued a comment on Operation Cryptosweep – a coordinated enforcement action launched by state and provincial regulators attacking fraudulent initial coin offerings. Clayton said the North American Securities Administrators Association members (NASAA) play an important role… Read More

Forty North American Regulators Cooperating in ‘Operation Cryptosweep’ Crackdown

Scam initial coin offering ICO

Multiple state securities regulators in the US revealed yesterday that they are taking part, along with 40 other North American state and provincial regulators, in a coordinated crackdown on fraudulent cryptocurrency projects. “The actions announced today are just the tip of the iceberg,” stated Joseph… Read More

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