SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud

SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud

The Securities and Exchange Commission’s April 24 lawsuit in a Fort Worth, Texas federal court claimed Geosyn, its CEO Caleb Joseph Ward, and former operating chief Jeremy George McNutt defrauded around 64 investors through service agreements sold as securities between November 2021 and December 2022.

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