{"id":4831,"date":"2018-01-04T13:58:19","date_gmt":"2018-01-04T19:58:19","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4791"},"modified":"2022-03-22T15:45:35","modified_gmt":"2022-03-22T20:45:35","slug":"texas-securities-regulator-orders-bitconnect-stop-allegedly-fraudulent-sales-unregistered-bitcoin-investments","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-regulator-orders-bitconnect-stop-allegedly-fraudulent-sales-unregistered-bitcoin-investments\/","title":{"rendered":"Texas Securities Regulator Orders BitConnect To Stop Allegedly Fraudulent Sales of Unregistered Bitcoin Investments"},"content":{"rendered":"

\t\t\t\tIn an Emergency Cease and Desist Order, the Texas State Securities Commissioner is demanding that BitConnect, which is based in the UK, stop a number of its investment programs, as well as its allegedly fraudulent sales of Bitcoin investments<\/a>. According to the regulator, BitConnect sales agents are targeting prospective Texan investors, as well as investors in other parts of the US. <\/p>\n

BitConnect issues its own currency, known as BitConnect Coins. As of earlier this month, the company was claiming that its market share for its cryptocurrency coins was $4.1B. It announced plans to issue up to 28 million coins.<\/p>\n

According to the regulator\u2019s order, BitConnect\u2019s website BitConnect is an \u201copen sourced, all-in-one Bitcoin and crypto-currency platform\u201d that offers different investment opportunities. The site depicts BitConnect Coins as an \u201copen source, peer-to-peer community-driven decentralized cryptocurrency\u201d with which owners can \u201cstore and invest their wealth.\u201d<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In an Emergency Cease and Desist Order, the Texas State Securities Commissioner is demanding that BitConnect, which is based in the UK, stop a number of its investment programs, as well as its allegedly fraudulent sales of Bitcoin investments. According to the regulator, BitConnect sales agents are targeting prospective Texan investors, as well as investors […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3750],"tags":[2943,2944],"class_list":["post-4831","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud","tag-bitcoin","tag-bitconnect"],"yoast_head":"\nTexas Securities Regulator Orders BitConnect To Stop Allegedly Fraudulent Sales of Unregistered Bitcoin Investments — Investor Lawyers Blog — January 4, 2018<\/title>\n<meta name=\"description\" content=\"In an Emergency Cease and Desist Order, the Texas State Securities Commissioner is demanding that BitConnect, which is based in the UK, stop a number of — January 4, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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