Last Updated: 17 March 2021
The Texas State Securities Board (TSSB) has issued a cease-and-desist order against an allegedly fraudulent scheme posing as the cryptocurrency company Binance. The fraudulent business whose initial name was Delta Crypt Limited has allegedly used the Binance brand to lure investors.
Delta Crypt Limited
In a press release, the Texas Regulator announced that the Securities Commissioner, Travis J. Iles, had entered an emergency order aimed at Delta Crypt Limited.
Before now, Delta Crypt, which is listed with U.K business registrar Companies House, was previously accused by the Philippines securities watchdog of illegally offering securities in April last year.
FxSmart and Binance Assets See Cease-Desist Orders From Texas
Last Updated: 16 March 2021
The Texan Securities watchdog, the Texas State Securities Board (TSSB), has issued out another pair of emergency Cease-and-Desist orders. These orders were issued out against three unregistered FX and crypto investment platforms, and occurred on Monday.
The platforms in question, Digitaly Invest, Delta Crypt Limited, as well as FxSmart-Robots, were all ordered by the watchdog to immediately cease any and all operations. Allegations are abound that these platforms are, in fact, investment fraud schemes operating the age-old double-your-money scams.
Impersonating Binance While They’re At It
The Texas Securities Commissioner had personally flagged Delta Crypt for its unauthorized investment solicitations. Allegations are abound that Delta Crypt is embroiled within a phony crypto scheme, illegally selling investments and promising extremely high returns.
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Leading Off (1/28/21)
Want to see what 1,950 pounds of drugs looks like?
By Kathy Wise
Published in
FrontBurner
January 28, 2021
6:43 am
Former Dallas Financial Adviser Faces Felony Chargers. Sarah Helen Hancock, who had her license revoked five years ago, was indicted by a Dallas County grand jury last week for theft, misappropriation of fiduciary property, and securities fraud. The 61-year-old is charged with taking money from clients’ accounts and putting it into her own business account where it “would all but evaporate.” One account, with a listed portfolio value of $1.6 million, only contained $24,000. After the Texas State Securities Board revoked Hancock’s license for collecting “money from clients in amounts that far exceeded what those clients were contractually required to pay” from 2007 to 2015, Hancock started an interior design and remodeling company. Meanwhile, back in 2010, her 1,610-square-foot, one-bedroom Highland Park West cottage, which sh