Crypto Crackdown Continues: SEC Charges 2 for Sale of ‘UBI Blockchain’ Stock

[kreslik.news]

Two Nevada residents, an attorney and a law firm business manager, were charged by the United States Securities and Exchange Commission after they were found to have been illegally profiting off of internet stock sales for Hong Kong-based startup UBI Blockchain. In an official announcement, the SEC described UBI as “a company claiming to have a blockchain-related business,” but the charges allege that UBI Blockchain didn’t have much to do with blockchain at all.

Combined, TJ Jesky and Mark F. DeStefano, are estimated to have profited to the tune of $1.4 million for sales they made over a 10-day ... (read more)