$300 Million Crypto Ponzi Scheme Exposed: SEC Files Charges Against 17 Suspects  

The US Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a Crypto Ponzi scheme that defrauded more than 40,000 victims and amassed $300 million. As per the SEC's press release, Houston-based CryptoFX LLC operated the scheme, primarily targeting Latino investors in the United States and two other countries.

https://bitcoinist.com/300-million-crypto-ponzi-scheme-exposed/