Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SE

[Galaxy]

Mindset 24 Global LLC was, according to federal prosecutors, a “textbook” pyramid scheme with a million-dollar crypto twist.

The Securities and Exchange Commission (SEC) on Monday charged Kentuckian John Brian McLane, Jr. and Floridian Paul Anthony Nash with defrauding victims of their personal development multilevel marketing company, Mindset 24.
Prosecutors say McLane and Nash sold Mindset 24's 735 investors on a promise of 70% returns powered by self-help kit sales, taking in over $1 million - mostly in bitcoin - during their 11-month run.
Info Link: https://www.coindesk.com/sec-sues-mindset-24-crypto-fraud