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Texas Regulators Crack Down on Site Offering Returns Related to Cryptocurrency and Medical Marijuana April 6, 2018 admin A bogus startup offering 8% weekly returns on cryptocurrency and medical marijuana was hit by the Texas State Securities Board yesterday, in another move by against crypto-related financial crimes by U.S. regulators.
In the order, Texas regulators cite wording from the website that claims its investors are getting an 8% return on their money weekly. The money, says the site, would be used to buy cryptocurrency, which in turn would be loaned to a medical marijuana operation in California. "Never work hard again," the site advertises.
A bogus startup offering 8% weekly returns on cryptocurrency and medical marijuana was hit by the Texas State Securities Board yesterday, in another move by against crypto-related financial crimes by U.S. regulators. The Board filed a cease-and-desist order (CDO) against Mark Moncher for allegedly trying to sell unregistered securities through his "Financial Freedom Club," also.
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