New Jersey’s Attorney General has officially announced the ceased order at Bitstrade on account of offering unregistered securities fraudulently.
Another Ponzi Scheme Is Exposed Off
Following Bitconnect’s Ponzi scheme, yet another Bitcoin company is offering fraudulent securities. According to New Jersey regulator, Bitrstrade which is an online cryptocurrency-related investment firm was violating the New Jersey’s Uniform Securities law by deceptive offering unregistered security. The cease and desist letter to Bitstrade should be effective immediately. Becuase the firm is guaranteeing ten percent regular returns on investment pooled from unregistered securities.
Click here to read more: New Jersey Watchdog Slapped Bitstrade for Unregistered