Cryptocurrency Cameron Thompson is a news reporter at CoinDesk. The Securities and Exchange Commission (SEC) said Friday that it’s charging the founding members of a multi-level marketing organization with operating a $295 million crypto Ponzi scheme. The SEC is charging Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their involvement in Trade Coin Club, which raised over 80,000 bitcoin (BTC) from over 100,000 investors. Braga, who founded the firm, allegedly deceived investors by telling them they could generate daily returns of 0.35% on their crypto through a bot, but instead used these funds to compensate himself, […]