Texas regulator goes after cryptocurrency scammers boasting fake Obama endorsements

Tech 19-9-2018 The Next Web 17

The Texas State Securities Board (TSSB) is taking emergency action against cryptocurrency scammers, peddling fake endorsements and posing as well-established blockchain services. In a statement from yesterday, TSSB Commissioner Travis J. Iles revealed the board has issued a cease and desist letter for three cryptocurrency businesses. The suspected businesses are currently under investigation. The TSSB claims that Coins Miner Investment, DGBK Ltd, and Ultimate Assets LLC have been duping potential customers with incorrect, false, and totally misleading information. “According to the Emergency Cease and Desist Order, Coins Miner is manipulating its email solicitations to make them appear as if they…

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