• The US Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws by selling $18 million worth of fake cryptocurrency mining equipment.
• According to the SEC, Green United promised investors monthly returns of 40% to 50% for their “Green Boxes” which never mined anything as there was no mineable GREEN token or Green Blockchain.
• The SEC seeks permanent injunctions, disgorgement, and civil penalties against Green United, Thurston and Krohn.
SEC Sues Utah-Based Green United
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws by selling $18 million worth of fake cryptocurrency mining equipment.
What Was Promised?
According to the SEC, Green United and its founder, Wright Thurston
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