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Published 11 days ago

US SEC Sues Geosyn Mining for $5.6M Fraud, Fake Rig Claims Exposed

Summary by Coingape
The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Geosyn Mining and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, alleging a series of fraudulent activities. This lawsuit, officially filed on April 24 in a federal court situated in Fort Worth, Texas, presents a serious accusation against Geosyn. According to the SEC, Geosyn is purported to have defrauded approximately 64 investors t…

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CoingapeCoingape

US SEC Sues Geosyn Mining for $5.6M Fraud, Fake Rig Claims Exposed

The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Geosyn Mining and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, alleging a series of fraudulent activities. This lawsuit, officially filed on April 24 in a federal court situated in Fort Worth, Texas, presents a serious accusation against Geosyn. According to the SEC, Geosyn is purported to have defrauded approximately 64 investors t…

11 days ago
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CryptopolitanCryptopolitan

SEC Sues Bitcoin Miner Geosyn for $5.6M Fraud

The SEC has commenced legal action against Geosyn Mining, LLC, and its founders, Caleb Joseph Ward and Jeremy George McNutt, alleging that they defrauded investors of $5.6 million. SEC sues Geosyn mining According to a filing on April 24, the SEC sued Geosyn in a Texas federal court for raising about $5.6 million from over 60 investors from November 2021 to December 2022. U.S. Securities and Exchange Commission argues that the company misreprese…

11 days ago
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