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SEC accuses Crowd Machine of ‘$33M crypto fraud’ involving entities in Australia, Cayman, South Africa & US

craig-sproule-crowd-machine
The Crowd Machine cryptocurrency group headed by Australian Craig Sproule "raised more than $33 million from hundreds of investors" in a "fraudulent and unregistered" scheme involving entities in Australia, Cayman Islands, South Africa, and United States, the U.S. Securities and Exchange Commission has alleged.