The Securities and Exchange Commission has charged a former corrections officer from New Jersey for his role in a bizarre cryptocurrency scam.
The SEC has alleged that John A. DeSalvo allegedly solicited ICO money and specifically targeted police officers and first responders.
A Bizarre Scam
The charges were announced on the 23rd of August by the United States Securities and Exchange Commission (SEC). According to the announcement, Desalvo was allegedly able to raise an amount of $623,388 from over 220 investors by selling an unregistered token called the Blazar token between November 2021 and May 2022. Blazar told his unsuspecting investors that Blazar would be replacing traditional state pension systems for police, paramedics, and firefighters and give them staggering returns. DeSalvo allegedly told investors,
“Blazar Token is the first token or coin that is able to be purchased through payroll deduction every week. It will be taken out of one’s weekly earnings pretax sim
We współpracy z: https://cryptodaily.co.uk/2023/8/former-corrections-officer-faces-sec-action-for-crypto-scam
