SEC Emergency Action Halts Brothers’ Cryptocurrency Offering F | CryptoVigilante

SEC Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud

Scammers: Sean Hvizdzak & Shane Hvizdzak 

The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the misappropriation of investor proceeds.

Misrepresenting fund performance.
Fabricating financial statements.
Forging audit documents.
Diverted tens of millions of dollars from the fund to personal accounts at banks and digital asset trading platforms.
Transferred assets on multiple blockchains to themselves and others. 

Source: https://www.sec.gov/news/press-release/2020-137