Ala. Securities Commission: Five States File Enforcement Actions to Stop Russian Scammers Perpetrating Metaverse Investment Fraud
May 12, 2022
May 12, 2022
MONTGOMERY, Alabama, May 12 -- The Alabama Securities Commission issued the following news:
Five state securities regulators simultaneously filed enforcement actions against a Russian organization allegedly promoting fraudulent metaverse investments to residents of the United States. The actions accuse Flamingo Casino Club of perpetrating the scam through the offer of nonfungible tokens, commonly referred to as NFTs, purportedly tied to a metaverse casino. The actions were filed by . . .
Five state securities regulators simultaneously filed enforcement actions against a Russian organization allegedly promoting fraudulent metaverse investments to residents of the United States. The actions accuse Flamingo Casino Club of perpetrating the scam through the offer of nonfungible tokens, commonly referred to as NFTs, purportedly tied to a metaverse casino. The actions were filed by . . .