SEC files charges against Touzi Capital $SHIB $DOGE $PEPE

In a complaint filed by the SEC on November 29, it is stated that Touzi Capital defrauded over 1,500 investors across the United States. From 2021 until the beginning of 2023, the company allegedly raised $95 million for cryptocurrency mining projects and $23 million for debt recovery. However, the funds were misused and distributed to unrelated businesses for the personal benefit of Taing.

The SEC added that Touzi Capital marketed its offerings as safe, high-yield investments, similar to savings accounts. However, these investments were speculative and depended on risky operations by third parties.

The complaint emphasizes that the company's claims about its bitcoin mining business were misleading. Touzi Capital promised profits due to contracts for cheap energy and modern mining equipment, but fluctuations in energy prices and equipment issues undermined those promises.