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Four charged by SEC over alleged $295m crypto Ponzi scheme

Pile of crypto coins
Photo: Getty Images

Martin Cloake

<1 min read
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Trade Coin Club alleged to have lured investors with promise of high returns.

A crypto Ponzi scheme that raised $295m from more than 100,000 investors across the globe has led to SEC charges against the four men behind it.

Trade Coin Club was run by Douver Torres Braga and operated between 2016 and 2018. It was a multi-level marketing program that lured investors with

Siphoned off

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