SEC Secures $5.5M Default Judgment Against NanoBit Crypto Scam
SEC Halts NanoBit Fraud Federal judge enters $5.5 million default judgment. Target: NanoBit Limited, five related defendants. Reason: Relationship-investment scam. Platform faked cryptocurrency trades. SEC secures disgorgement, prejudgment interest, civil penalties. Total sum: $5,518,902. Defendants ignored court summons. Judge declares default willful. No defense presented. Defendants permanently barred from securities offerings. Retail investors protected from … Read more