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Wednesday, April 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Pyramid Scheme

The SEC brought a federal complaint against EProfit Systems, saying investors in the IPro pyramid scheme involving a so-called cryptocurrency were defrauded of $27 million, which the founder used to buy a Rolls-Royce, a multimillion-dollar mansion and other goodies.

LOS ANGELES — The SEC brought a federal complaint against EProfit Systems, saying investors in the IPro pyramid scheme involving a so-called cryptocurrency were defrauded of $27 million, which the founder used to buy a Rolls-Royce, a multimillion-dollar mansion and other goodies.

Categories / Securities

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