SEC Accuses Geosyn Mining Co-Founders of Defrauding Investors

Binance News · 2024-04-26T06:05:59.000Z

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has accused Caleb Joseph Ward and Jeremy George McNutt, co-founders of Bitcoin mining company Geosyn Mining, of defrauding approximately 64 investors of $5.6 million through service agreements sold as securities between November 2021 and December 2022. The SEC alleges that Geosyn Mining's agreement to purchase and operate cryptocurrency mining machines on behalf of clients, for which it charged fees, falsely claimed to have signed a cheap energy contract with a power supplier. In reality, the costs were 40% to 50% higher than the rates communicated to clients. Furthermore, of the 1,400 mining machines that were supposed to be purchased under the service agreements, 400 were never bought. Additionally, most of the mining equipment that was purchased was never put into operation.

De acordo com a Foresight News, a Comissão de Valores Mobiliários dos EUA (SEC) acusou Caleb Joseph Ward e Jeremy George McNutt, cofundadores da mineradora de Bitcoin Geosyn Mining, de fraudar aproximadamente 64 investidores em US$ 5,6 milhões por meio de contratos de serviços vendidos como títulos entre novembro 2021 e dezembro de 2022.
A SEC alega que o acordo da Geosyn Mining para comprar e operar máquinas de mineração de criptomoedas em nome de clientes, pelos quais cobrava taxas, alegou falsamente ter assinado um contrato de energia barata com um fornecedor de energia. Na realidade, os custos eram 40% a 50% superiores às tarifas comunicadas aos clientes. Além disso, das 1.400 máquinas de mineração que deveriam ser adquiridas no âmbito dos contratos de serviço, 400 nunca foram compradas. Além disso, a maior parte dos equipamentos de mineração adquiridos nunca foram colocados em operação.

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