US Prosecutors Charge New Suspect in $45M Blockchain Fraud ‘CoinDeal’

US
prosecutors have filed a lawsuit against a new suspect, Bryan Lee, 57, for his
alleged involvement in ‘CoinDeal’, a fraudulent investment scheme that raised
$45 million by selling unregistered securities. Neil Chandran, the mastermind
behind the scheme, was arrested in June last year and indicted for wire fraud
and monetary transaction in unlawful proceeds.

Despite a
similar brand, the scheme has no connection with CoinDeal, a St. Vincent and
Grenadines-based crypto exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
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