SEC sues Touzi Capital for allegedly defrauding over 1,200 crypto investors
![SEC sues Touzi Capital for allegedly defrauding over 1,200 crypto investors SEC sues Touzi Capital for allegedly defrauding over 1,200 crypto investors](https://i2.wp.com/images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5MzgwYjAtNzI1ZS03NWM1LTk1ODEtMWNjZGQ0NjlkNTBk.jpg?w=1200&resize=1200,0&ssl=1)
Source: Coin Tegraph
The SEC claims Touzi Capital misled investors by stating their funds would finance crypto mining operations, but instead used them for unrelated expenses.