SEC Nabs Default Win In EmpiresX Execs Ponzi Suit After Deal

By Emilie Ruscoe ( June 21, 2023, 8:19 PM EDT) -- Two former executives of crypto hedge fund EmpiresX who allegedly fled to Brazil after learning the U. S. Securities and Exchange Commission was investigating them, have been ordered to disgorge over $32 million and pay $11 million in fines as part of the resolution of claims they ran a cryptocurrency-based Ponzi scheme. . . .

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