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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