According to ‘Reuters’ The US Securities and Exchange Commission (SEC) accused the businessman of defrauding his investors out of 12.1 million dollars after acquiring the largest black diamond in the world.
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The businessman was promoting Hexagonal tokens through YouTube as an investment designed to increase income and turn it into “rich quick and big.”
The entity accuses the financier of spending the funds of the investors of the active trade of PulseX in millionaire luxuries, like McLaren and Ferrari sports cars, and four Rolex watches costing $3 million.
(Keep reading: Alejandra Serje on how she lost $800 million to cryptocurrency.)
It wasn’t until Heart bought the black diamond ‘The Enigma’, valued at $4.28 million at Sotheby’s auction in February 2022, that the US Stock Exchange Commission materialized the lawsuit against it, according to ‘CNN’.
Enigma, the world’s largest black diamond, has 55 facets, weighs 555.55 carats and came to Earth in a meteorite millions of years ago. This week a cryptocurrency seller bought it for 3.75 million euros pic.twitter.com/iFq3cjy8ZE
— Materlin (@Maeterlinck) February 11, 2022
The control entity also affirmed in its incrimination that it designed a commercialization that promised 38% yields, attempting to circumvent securities laws by asking investors to “sacrifice” rather than “invest” their crypto assets in exchange for PLS and PLSX tokens
(Also read: Theft of cryptocurrencies: modalities and how to protect yourself from attacks).
So far, the youtuber has not come out to testify to give his version of the facts, nor is it known who will be his legal representative.
