SEC Files Lawsuit Against Touzi Capital

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The SEC has taken legal action against investment firm Touzi Capital for allegedly deceiving investors about the liquidity and profitability of its crypto asset mining fund.

According to the SEC, Touzi Capital defrauded over 1,200 US investors and raised nearly $95 million through security offerings.

The company allegedly promoted its crypto mining fund as a way for investors to fund mining operations, but the SEC claims this was false. Instead, Touzi Capital is accused of misusing investor funds by using them for ventures unrelated to crypto mining.

Additionally, the SEC alleges that Touzi Capital misrepresented the risks involved and the potential profitability of its crypto mining fund.