Bitcoin Store Operator Charged with Fraud for Misleading Investors
Posted: Sun Jul 02, 2017 7:21 am
The US Securities and Exchange Commission (SEC) filed fraud charges on Friday against Renwick Haddow, a British citizen living in New York, for allegedly duping investors in two companies. The SEC alleges that he created a broker-dealer and did not register the firm with the SEC as required under the federal securities laws.
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Haddow allegedly used sales representatives to cold call potential investors and sell securities in Bitcoin Store Inc. and Bar Works Inc. According to the SEC’s complaint, materials presented to investors in both companies touted the backgrounds of senior executives who do ... (read more)