Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Touzi Capital and its CEO Eng Taing, accusing them of being involved in a $115 million unregistered securities issuance fraud. According to the complaint, from 2021 to early 2023, the defendants raised a total of approximately $118 million through false advertising of cryptocurrency mining and debt restructuring businesses, including $95 million for crypto mining projects and $23 million for debt restructuring projects, involving more than 1,500 investors across the United States. The SEC said that Taing falsely advertised the project as a stable and predictable high-yield savings account investment, but in fact these investments were highly speculative and illiquid. The SEC accused the defendants of misappropriating investor funds for personal purposes and continuing to solicit investors even after the business began to collapse. In fiscal year 2024, the SEC filed a total of 583 enforcement actions and obtained a record $8.2 billion in financial compensation. (DL News)

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