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Author: Admin | 2025-04-28
Relief, the return of alleged ill-gotten gains and civil penalties. U.S. District Judge Robert J. Shelby imposed a temporary restraining order, asset freeze and other relief July 28, according to the release. Shelby also appointed Josias N. Dewey from Holland & Knight LLP as a temporary receiver over DEBT Box to manage assets for the benefit of investors. Investors impacted by the DEBT Box offering can find further information on the receiver’s website or contact the receiver directly. The ongoing SEC investigation involves Joseph Watkins, Laurie Abbott and Mitchell Davidson from the Salt Lake Regional Office, and Karaz Zaki from SEC Headquarters, the release said. The litigation will be led by Casey Fronk and Michael Welsh under the supervision of Combs. The SEC encourages investors to familiarize themselves with the risks associated with crypto asset securities and unregistered offerings through educational bulletins such as “Exercise Caution with Crypto Asset Securities” and “10 Red Flags That An Unregistered Offering May Be A Scam,” the release reported.
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