Crypto trader hedge fudn stole money Crypto Fund Investors Allege Fraud in Lawsuit - Tech

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Plaintiffs David Powell and Merav Knafo, investors in a cryptocurrency investment fund, filed a complaint against Crypto Traders Management, LLC, the fund and its managers, on Wednesday in the District of Idaho for allegedly defrauding investors.

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Afterward, they received monthly email newsletters and earning updates. How to do bitcoin margin trade receiving this information, Powell invested additional funds and encouraged plaintiff Knafo to invest; which she did. The plaintiffs continued to invest in the fund and receive updates about their investments, which were purported to be static or growing.

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The defendants continuously asserted that their investments were growing despite the decline of the altcoin markets, according to the complaint. The plaintiffs stated that investments in the Crypto Fund constitute securities.

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best crypto to trade right now The defendants are accused of securities fraud under the Securities Exchange Act of and the Idaho Uniform Securities Act, sale of unregistered securities under the Securities Act, acting as an unregistered broker under the Idaho Uniform Securities Act, violating where to invest money for 1 year Idaho Consumer Protection Act, common law fraud, breach of contract, conversion, negligence, unjust enrichment, liability for account stated, and breach of fiduciary duty for the aforementioned conduct. Sign in.

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