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Law
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Aussie crypto founder charged over US$1.9b fraud in the US

The SEC in the US has charged Sam Lee over a ‘Ponzi’ scheme which also sought to recruit Kiwi investors.

The FMA issued two warnings about the company, urging investors to ‘exercise caution’.

The Australian founder of a cryptocurrency business which attracted a securities fraud warning from New Zealand’s Financial Markets Authority has been charged by US regulators in an alleged US$1.89 billion fraud.

Sam Lee, the founder of the failed Blockchain Global company, has been charged by the

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Lachlan Colquhoun Wed, 31 Jan 2024
Contact the Writer: lachlan@nbr.co.nz
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Aussie crypto founder charged over US$1.9b fraud in the US
Law,
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