CoinVoice has learned that Green United LLC has failed to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission, which accused its executives of operating a fraudulent cryptocurrency mining scheme that defrauded investors of $18 million. Defendants Wright Thurston and Kristoffer Krohn allegedly falsely sold non-existent mining equipment, promoting "green boxes" and "green nodes" as tools for mining GREEN tokens.
On September 23, Judge Ann Marie McIff Allen ruled that the defendants failed to refute the SEC’s allegations and refused to dismiss the fraud charges against Thurston, pointing out that the investors’ GREEN token distribution relied solely on Thurston’s personal decision. [Original link]