Videos Land Fake Mining Farm in Legal Hot Water

in #cryptocurrency7 years ago (edited)

The London-based firm BTCRUSH has been barred from conducting business in the state of Texas after the Texas Securities Commision found the company's website to be presenting fraudulent videos. According to court documents, BTCRUSH's website displayed several videos allegedly inside several mining farms controlled by the cloud mining company, one of which the company alleged was housed inside of an abandoned WWII bunker. These videos were found to have been stock footage the company had edited and no such facilities were found to exist.

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Image: http://hyip.com/2018/04/26/btcrush-review/

Sources:

https://www.ssb.texas.gov/sites/default/files/ENF-18-CDO-1762.pdf

https://www.forbes.com/sites/tedknutson/2018/05/08/cryptocurrency-firms-fake-videos-help-land-it-in-trouble-with-regulator/#570d867e56e3

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