News with the tag "green united"

The judge rejected appeal to dismiss the SEC lawsuit against him and Green United LLC, an alleged fraud crypto mining operation. The post Utah Judge Allows SEC Lawsuit Against Alleged Crypto Mining Fraud to Move Forward appeared first on TheCoinrise.com .

Kristoffer Krohn unsuccessfully argued in his appeal that the SEC had not established that the Green Boxes were securities offerings or investment contracts in its complaint.

Kristoffer Krohn claims the SEC got its application of securities laws wrong, which a federal court agreed with — now he’s asking for an appeals court to decide who is right.

The SEC has decided that crypto mining devices sold by Green United LLC are securities. Green United couldn’t convince a federal court to dismiss the civil fraud case brought by the SEC, which accused the company of misleading investors. The lawsuit claims that the company’s mining hardware, known a...

Green United LLC is facing a lawsuit from the SEC for allegedly running fraudulent crypto mining devices that defrauded investors of approximately $18 million.

The defendants are accused of operating a fraudulent crypto-mining operation that sold mining equipment for a blockchain that didn’t exist.

Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto.