An Ontario man is accused of \u0027depleting a significant amount of invested funds\u0027 for purposes unrelated to crypto. Read more.
The Ontario Securities Commission laid out its case Friday against Troy Richard James Hogg and affiliated companies at the same time the U.S. Securities and Exchange Commission announced charges filed in the United States District Court Southern District of Florida against Hogg and several U.S. residents.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The Canadian regulator alleges that between May 2017 and June 2019, Hogg and his companies Cryptobontix Inc., Arbitrade Exchange Inc. and Arbitrade Ltd. promoted and sold a crypto asset named Dignity token to investors around the world.This advertisement has not loaded yet, but your article continues below.“Hogg and his companies defrauded investors with false and misleading statements in promotional materials,” the OSC said in a statement of allegations.