Texas Securities Watchdog has issued an emergency cease and desist order to a purported cryptocurrency investment scheme it says tried to dupe investors with false claims from high profile individuals. Among other alleged failings, Houston based Breeze Broad Coin is thought to have manufactured customer profiles with images of public figures including actress Jennifer Aniston, Prince Charles and former Finland prime minister Matti Vanhanen to get attention for its products. One detail supplied In the Texas State Security Board order further provides the attempt a pretty ridiculous air with the agency saying that the program gave alternate Names to the purported customers, Jennifer Aniston labeling as Kate Jennifer and Prince Charles as Mark Robert.” .
The arrangement accuses the firm and 3 individuals of claiming to be licensed in the country, when in fact which wasn’t the case, of selling unregistered securities, of misleading investors with fraudulent claims and withholding information. Among the claims made by the company, according to the Texas State Securities Board in evidence, the company allegedly claimed that income from your investment strategy is 100% sure and that clients cannot lose money, adding that there isn’t any risk.” . Breeze Broad Coin was inexplicably and fraudulently offering investment in Texas, Joseph Rotunda, director of enforcement at the Texas State Securities Board, told CoinDesk within an email.
The order concludes that the company has to instantly stop and desist from selling unregistered securities and conducting fraud in Texas. Today’s activity is a reminder that, step by step and in each case, we have been uncovering a virtual playbook of tactics utilized By promoters of illegal and deceptive investment programs in encryption programs, Rotunda said. The case marks yet another action by the nation’s securities regulator, as it moves to defend investors from fraudulent cryptocurrency systems. Previously this month, two bitcoin investments strategies were also issued cease and desist by the Securities Board for supposedly selling unregistered securities.
Among orders were aimed at cryptocurrency cloud mining strategy BTCRUSH for allegedly promising Texas based investors 4.1 percent daily attention from their investment in the scheme, no matter the mining profitability of cryptocurrencies. Jennifer Aniston picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.