SEC halts Argyle Coin which duped funds worth $30 million into ‘Diamond-Backed’ cryptocurrency
As per news, the United States Securities and Exchange Commission [SEC] has reportedly halted the confirmed cryptocurrency Ponzi Scheme Argyle Coin, after it took funds worth $30 million. As per reports, Jose Angel Aman, the principal behind Argyle Coin is subject to legal action for running a Ponzi scheme with the money gained from investors in his purportedly alleged diamond resale outfit. Moreover, the coin backed by various precious stones involved participation from 300 investors in the U.S. and Canada, while further investigations lead to allegations like selling unlicensed securities, reported Cointelegraph.