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New Jersey has cracked down on 5 crypto sites for running fraudulent investment schemes | Currency News | Financial and Business News

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New Jersey has cracked down on five crypto sites for running fraudulent investment schemes and has directed them to stop operating in the state, according to a statement released by the New Jersey Attorney General and the New Jersey Bureau of Securities.

Five summary cease and desist orders were issued to Bulk Investments, Forte Trade, Dilna Investments (doing business as Fidelity Revenue), RealBitcore Mining, and FilefxOption.

All platforms, according to authorities, “used a variety of tactics common in investment scams to lure investors into fraudulent cryptocurrency-investment schemes.” This included issuing vague promises of profit, bogus client endorsements, limited and misleading disclosures, and failure to identify the company’s principals.

None of the entities was registered with the Bureau to offer or sell securities or act as a broker-dealer in New Jersey, the statement…

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