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

    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.