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Maryland cracking down on fake cryptocurrency deals
Maryland Attorney General Brian E. Frosh announced that his Securities Division will conduct a nationwide "Operation Cryptosweep" aimed at taking down fake cryptocurrency business deals. The Maryland Securities Division has recently conducted an enforcement action against a Bitcoin trading company that fooled investors into believing they could earn as much as 150% through passive investments. They also took action against a Maryland resident who sold investments in the trading platform. “Cryptocurrency investments are risky. Investors should be extra cautious when dealing with promoters who claim their offering ... (full story)
