SEC Busts BKCoin for Running $100M ‘Ponzi-Like Scheme’
<p>The US <a href=”https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/” class=”terms__main-term” id=”3718b4df-fc5f-479a-861e-f52759439c15″ target=”_blank”>Securities and Exchange Commission (SEC</a>) has received emergency relief from a Florida court to freeze and appoint a receiver of the assets of BKCoin and its Co-Founder, Kevin Kang. Announced on Monday, the Miami-based <a href=”https://www.financemagnates.com/cryptocurrency/uk-sends-a-gang-of-four-to-prison-for-21m-crypto-fraud/” target=”_blank” rel=”follow”>crypto hedge fund defrauded</a> at least 55 investors after raising $100 million.</p><p>Both BKCoin and Kang have allegedly […]