SEC charged Cryptoaiml Ltd., Cryptoaiml Capital Foundation, as well as TSAI Pro Ltd.

THE BLOCK: The SEC charged Cryptoaiml Ltd., Cryptoaiml Capital Foundation, as well as TSAI Pro Ltd. and TSAI Capital Foundation on Tuesday with fraud after the agency said they lured investors and made out with at least $15 million."Although the methods used to bilk innocent investors in these fraudulent investment scams varied, the goal was the same – promise potential investors outsized returns, claim that they were legitimate entities regulated by the SEC, and then steal their money," said David Woodcock, director of the SEC’s Division of Enforcement.

Source: The Block