February 27, 2025/US SEC The Securities and Exchange Commission today announced that the Commission has filed a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss the ongoing civil enforcement action against the two entities. On January 21, 2025, the Commission announced the formation of the Crypto Task […]
Frauds & Scandals
SEC Charges Justinas Butkus with Orchestrating $4 Million Fraud
Butkus used fraudulent investment firms TBO Capital and Gray Capital to scam investors February 27, 2025/US SEC The Securities and Exchange Commission today filed charges against Justinas Butkus, of Lithuania, and two companies he owned and controlled, HMC Trading LLC and HMC Management LLC, for fraudulently raising approximately $4.1 million […]
SEC Charges Alan Burak, Founder of Never Alone Capital, with Fraud
February 26, 2025/US SEC The Securities and Exchange Commission today charged Alan Burak, founder of Never Alone Capital LLC, with orchestrating a fraudulent scheme that raised approximately $4 million, most of which Burak misappropriated for personal expenses. The SEC’s complaint alleges that, between 2018 and 2023, Burak engaged in a […]
