Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order Dec. 20 against USI-Tech Limited, an overseas firm that is promising low-risk, triple-digit returns from investments tied to Bitcoin mining.
The enforcement staff of the State Securities Board presented evidence to the Securities Commissioner that USI-Tech, based in Dubai, and two U.S.-based sales agents are soliciting investors in dozens of Texas cities through targeted craigslist advertisements, YouTube videos, and standalone websites.
Neither USI-Tech nor the sales agents, Clifford Thomas of Suitland, Md., and Michael Rivera of Los Angeles, are registered to sell securities in Texas. The investment also is not registered in Texas.
https://www.ssb.texas.gov/news-publications/bitcoin-promoter-usi-tech-hit-emergency-order
REALIST NEWS - USI-Tech Hit With Emergency CEASE & DESIST Order (I tried to warn you!)
I wonder when Bitconnect will follow the same fate. Stupid crypto ponzis...