SEC Freezes Assets, Takes Legal Action Against Digital Licensing Inc. for Running a Fraudulent Crypto Scheme
The United States Securities and Exchange Commission (SEC) has taken legal action against Digital Licensing Inc., accusing the company of running a fraudulent crypto scheme worth $50 million. The SEC has obtained a temporary asset freeze and other emergency relief against the company and its principals. Digital Licensing Inc., operating as DEBT Box, allegedly sold unregistered securities in the form of node licenses, promising investors high returns through mining and revenue-generating businesses. The SEC is seeking permanent injunctions, return of funds, and civil penalties.
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SEC Freezes Assets, Takes Legal Action Against Digital Licensing Inc. for Running a Fraudulent Crypto Scheme
The United States Securities and Exchange Commission (SEC) has taken legal action against Digital Licensing Inc., accusing the company of running a fraudulent crypto scheme worth $50 million. The SEC has obtained a temporary asset freeze and other emergency relief against the company and its principals. Digital Licensing Inc., operating as DEBT Box, allegedly sold unregistered securities in the form of node licenses, promising investors high returns through mining and revenue-generating businesses. The SEC is seeking permanent injunctions, return of funds, and civil penalties.