The Texas Securities Board (TSSB) has banned the activities of the fraudulent firm Delta Crypt Limited. The organizer of the scheme opened several services, masquerading as the Binance cryptocurrency exchange.
Securities Commissioner Travis J. Iles said that the company Delta Crypt Limited, registered in the UK, offered cryptocurrency investors get-rich-quick schemes, promising significant profits with minimal risks. Earlier, the Securities and Exchange Commission of the Philippines (SEC) also issued a restraining order on the activities of Delta Crypt Limited, urging the public not to invest in such schemes and not to believe the promises of getting “easy money”. However, the attackers continued to promote their fraudulent schemes “with zero risk”, using social networks to attract the citizens of Texas.
The creators of Delta Crypt removed their website, but despite the warning of the regulator, instead of stopping operations, they opened three investment platforms under the names Binance Assets, BinanceAssets LTD and Bit Kind LTD. According to the” Golden Plan “of the investment scheme, investors were guaranteed a profit of 30%, and participants of the “Diamond level” could expect a profit of 40%. The Texas Securities Board has accused Delta Crypt of fraud, publishing false statements that mislead investors, and withholding important information about the Philippine regulator’s ban. The ruling states that Delta Crypt illegally attracts sales agents by promising to pay them commissions regardless of whether they have a license or registration.
The Texas Securities Board also mentioned Digitaly Invest and FxSmart-Robots. They offer investment schemes of multi-level marketing in the field of oil and gas and precious metals, guaranteeing investors from 30% to 40% of the profit. These firms are also accused of hiding important financial information, misrepresenting the location of their offices, and illegally engaging sales agents.
Last year, the Texas regulator ordered the termination of Mirror Trading International (MTI), a firm that traded bitcoin and foreign currencies. In addition, at the end of last year, the TSSB banned the work of fifteen more cryptocurrency firms, which were managed by one person.