Published 1 year ago

SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

Summary by Ground News

The SEC successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang. From at least October 2018 through September 2022, BK coin raised approximately $100 million from at least 55 investors to invest in crypto assets. The SEC alleges that the defendants disregarded the structure of the funds and used more than $3.6 million to make Ponzi-like payments to investors.

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IBTimes

Florida Court Grants SEC Emergency Action To Shutdown BKCoin For $100M 'Ponzi-Like' Scheme

The crypto hedge fund co-founder was also accused by the SEC of spending nearly $400,000 on investor funds for himself, which includes a $35,000 payment for rent in a vacation house in Montauk, New

1 year ago·United States

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Coin Desk

SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

BKCoin co-founder Kevin Kang is accused of misappropriating client funds to bankroll vacations, purchase tickets to sporting events and pay rent on his New York City apartment.

1 year ago·Manila, Philippines

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Bitcoin.com

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News

The SEC has filed an emergency action against Bkcoin and Kevin Kang in a $100 million crypto fraud scheme.

1 year ago

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Cryptonews.com

SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud

The SEC is taking “emergency action” against crypto hedge fund BKCoin co-founder Kevin Kang for “Ponzi-like conduct.”

1 year ago

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watcher.guru

SEC Files Emergency Action Against BKCoin for $100 Million Crypto Fraud Scheme

The SEC has filled an emergency action against Miami-based investment adviser BKCoin over $100 million crypto fraud scheme

1 year ago

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sec.gov

SEC.gov | SEC Files Emergency Action Against Miami Investment Adviser BKCoin and Principal Kevin Kang for Orchestrating $100 Million Crypto Fraud Scheme

1 year ago

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SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

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Florida Court Grants SEC Emergency Action To Shutdown BKCoin For $100M 'Ponzi-Like' Scheme

Florida Court Grants SEC Emergency Action To Shutdown BKCoin For $100M 'Ponzi-Like' Scheme

SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News

SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud

SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud

SEC Files Emergency Action Against BKCoin for $100 Million Crypto Fraud Scheme

SEC Files Emergency Action Against BKCoin for $100 Million Crypto Fraud Scheme

SEC.gov | SEC Files Emergency Action Against Miami Investment Adviser BKCoin and Principal Kevin Kang for Orchestrating $100 Million Crypto Fraud Scheme

SEC.gov | SEC Files Emergency Action Against Miami Investment Adviser BKCoin and Principal Kevin Kang for Orchestrating $100 Million Crypto Fraud Scheme

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