SEC CRACKS DOWN ON CRYPTO FRAUD: NADER AL-NAJI CHARGED IN MULTI-MILLION DOLLAR BITCLOUT SCHEME ‼️🚨‼️🚨‼️
The SEC has charged Nader Al-Naji with running a multi-million dollar fraudulent crypto scheme involving BitClout and its token BTCLT. Al-Naji allegedly raised over $257 million from unregistered sales, misusing investor funds for personal expenses and deceiving investors to avoid regulation. The SEC claims he spent $7 million on personal expenses, including a Beverly Hills mansion and lavish gifts. Al-Naji is charged with violating securities laws and faces legal action.
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