"I invested all of my life savings, and my mom did, and now I have to figure out how to pay for things that I wasn't expecting," Iliana Calles, one of the victims, said.The SEC's complaint alleges that back in 2020, Mauricio Chavez, listed as one of the founders of the company, began holding paid classes to educate and empower the Latino community to build wealth through crypto asset trading.
"These families were taken advantage of and were stolen of their hard-earned money," Cesar Espinosa, executive director for FIEL, said. "We are here to speak up for the community and to say that it is important for folks to find out who they are working with. It is important for folks to know that these things are happening, and most importantly, it is important that real consequences happen," Espinosa said.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ABC - 🏆 471. / 51 Read more »