On April 1, 2024, the U.S. District Court for the District of Massachusetts entered a final judgment against GA Investors, the operator of dozens of fraudulent websites, including GA-Investors.org. Among other things, the judgment orders the defendant to pay over $1.1 million.
The SEC’s complaint, filed on May 11, 2023, alleged that GA Investors and its unknown owners fraudulently offered exorbitant returns—in some cases as high as 61.9% in 24 hours—for investments in various securities. Some of the websites also impersonated legitimate companies.
As alleged in the complaint, investors across the world, including investors in the United States, invested approximately $85,000 in the fraudulent securities offering on the GA-Investors.org website. Investors were directed to purchase crypto assets from a separate crypto asset trading platform and transfer those crypto…
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