SEC Sues California Operator Behind $26 Million Crypto Pyramid Scam

By CCN: On Thursday, the U.S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in the case is Daniel Pacheco, 45, a resident of San Clemente, California who has been charged by the SEC with selling unregistered securities as well as operating a multimillion-dollar cryptocurrency pyramid scheme. E-commerce lessons and redeemable crypto points Between Jan. 2017 and Mar. 2018, Pacheco sold unregistered securities through the California-based companies he controls, IPro Solutions LLC and IPro Network LLC, the SEC stated in the press

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