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Ala. Securities Commission: Sand Vegas Casino Club Located in the Metaverse is Soliciting Investors to Invest Real Money in Un-Registered Investments
April 14, 2022
MONTGOMERY, Alabama, April 14 -- The Alabama Securities Commission issued the following news:

Alabama Securities Commission (ASC) and Texas State Securities Board entered Cease and Desist Orders to stop a fraudulent investment scheme tied to the metaverse. The orders name Sand Vegas Casino Club, Martin Schwarzberger and Finn Ruben Warnke and accuses them of illegally offering securities in the form of non-fungible tokens (NFTs) to fund the development of a virtual casino in the meta . . .

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