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Real estate executive Kent Swig’s plans to launch a new cryptocurrency tied to gold, but a new report raises questions about his investment partner. ....
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Real-estate executive Kent Swig unveiled a new cryptocurrency called digau last month. One of the parties involved in the creation of the coin is Apache Mill Tailings. Nevada authorities have alleged it tried to sell securities illegally to fund a purported COVID-19 cure. Kent Swig is a once prominent New York City real-estate executive trying to reinvent his career after a financial meltdown a decade ago. Gary Wayne Walters is a felon with multiple criminal convictions who is involved in a Nevada company that regulators in that state say tried to illegally raise money for an unproven COVID-19 cure last year. ....
As a general rule, it s a good idea to invest in real estate. That s especially true when you can get into an expensive market like San Francisco or New York City early, and hold onto the property for a very long time. This is the case of the Swig family. An under-the-radar family that quietly owns billions of dollars in real estate across the United States. Benjamin Swig was born in a suburb of Boston in 1893. His father, Simon, was a banker and politician. In 1936 Benjamin founded The Swig Company. One of the flagship buildings Swig and his partners purchased in New York City is the 50 story W.R. Grace Building located on 42 ....