SEC Charges American Bitcoin Academy’s Founder with Fraud

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The founder of the American Bitcoin Academy, is
The Securities and Exchange Commission (SEC), which is responsible for overseeing the financial markets, has been scrutinized over
Allegations of fraud targeting his student

Brian Sewell, a student from Hurricane, Utah and later Puerto Rico, convinced hundreds of students to invest in his Rockwell Fund.
He praised groundbreaking investment strategies based upon artificial intelligence
Intelligence and machine learning promises lucrative returns in volatile
Crypto market

Investigations revealed that Sewell was never convicted.
He neither launched the fund nor implemented advanced technologies he flaunted. The
SEC Sewell is accused of luring 15 students into investing $1.2 million.
The hedge fund is non-existent.

Gurbir Grewal is the Director of SEC’s Division for
“We allege Sewell defrauded his students in his classroom,”
American Bitcoin Academy has earned over a million dollar through a series.
“He is lying about investment opportunities in his purported Crypto hedge fund.”

“Among other things he falsely claimed…”
His investment strategies would be guided his own ‘artificial Intelligence’
Machine learning The fund, like the technology, never existed.
The SEC is committed to ensuring that the public’s trust in financial markets, regardless of whether they are using buzzwords like AI, crypto or DeFi.
Hold those who claim to be using attention-grabbing technology accountable
“Attract and defraud investors.”

Failure to Safeguard Investments

Sewell is accused of not fulfilling his commitments and retaining the funds. BitcoinThe digital cameras were stolen after his digital
Hacking of wallets has occurred. The SEC filed a complaint in the U.S. Court of District
Court for the District of Delaware charges Sewell and Rockwell Capital
Management that violates anti-fraud provisions of federal Securities laws.

Sewell and his company are reportedly under the watch of the Securities Watchdog
Consented to injunctive action without admitting or disputing the allegations.
Rockwell Capital Management agreed that it would also pay $1,602,089 to Rockwell Capital Management.
Sewell faces a civil fine of $223.229 while prejudgment interests are accruing.
Court approval

Recently, the SEC The unauthorized postDeclaring the approval of Bitcoin ETFs to an “SIM swap” involving the unauthorized transfer of mobile phone numbers to a new device. This external security breach, which was caused by a telecommunications system, sparked a frenzy in the cryptocurrency industry.

The founder of the American Bitcoin Academy, is
The Securities and Exchange Commission (SEC), which is responsible for overseeing the financial markets, has been scrutinized over
Allegations of fraud targeting his student

Brian Sewell, a student from Hurricane, Utah and later Puerto Rico, convinced hundreds of students to invest in his Rockwell Fund.
He praised groundbreaking investment strategies based upon artificial intelligence
Intelligence and machine learning promises lucrative returns in volatile
Crypto market

Investigations revealed that Sewell was never convicted.
He neither launched the fund nor implemented advanced technologies he bragged about. The
SEC Sewell allegedly lured 15 investors to invest $1.2 Million.
The hedge fund is non-existent.

Gurbir Grewal is the Director of SEC’s Division for
Enforcement: “We allege Sewell defrauded his students in his
American Bitcoin Academy has earned over a million dollar through a series.
“He lied about investment opportunities available in his purported crypto hedge funds.”

“Among other things, the false claims that he made
His investment strategies would be guided his own ‘artificial Intelligence’
Machine learning The fund was never created, and neither was the technology.
The SEC is committed to ensuring that the public’s trust in financial markets, regardless of whether they are using buzzwords like AI, crypto or DeFi.
Hold those who claim to be using attention-grabbing technology accountable
“Attract and defraud investors.”

Failure to Safeguard Investments

Sewell is accused of not fulfilling his commitments and retaining the funds. BitcoinThe digital cameras were stolen after his digital
Hacking of wallets has occurred. The SEC filed a complaint in the U.S. Court of District
Court for the District of Delaware charges Sewell and Rockwell Capital
Management that violates anti-fraud provisions of federal Securities laws.

Sewell and his company are reportedly under the watch of the securities watchdog
Consented to injunctive action without admitting or disputing the allegations.
Rockwell Capital Management agreed that it would also pay $1,602,089 to Rockwell Capital Management.
Sewell is facing a civil penalty in the amount of $223.229, while prejudgment interest is accruing.
Court approval

Recently, the SEC The unauthorized postDeclaring the approval of Bitcoin ETFs to an “SIM swap” involving the unauthorized transfer of mobile phone numbers to a new device. This externally-sourced security breach, through a telecommunications infrastructure, sparked a frenzy among cryptocurrency enthusiasts.

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