Russian cryptocurrency mining firm Investment Coins Miner is accused by the State Commission on securities and stock market of the state of Texas (USA) in the fraud. The head of the Commission Travis HUD sent an order to the management of the company with the requirement to stop illegal activities.
According to police, representatives of Investment Coins Miner claimed that their firm works in partnership with cryptocurrency exchange Coinbase. To confirm the relationship with Coinbase, scammers offered to investors by the photo, which was a picture of Ana Julia Lara, allegedly an employee of the exchange! However, this information proved to be false, Lara holds the post of Vice-President of the company CoinTelegraph and has nothing to Coinbase.
On the website of the Volgograd firms Miner Investment Coins , it was stated that the company is officially registered in the UK. Scammers have also used photos of famous cryptocurrency experts, claiming that they are registered in the state of the company. Criminals have become emboldened to such an extent that put a company logo on a video correspondent for Fortune, where he talked about cryptocurrency investment. Moreover, Coins Miner Investment is not registered in Texas, and therefore has no right to campaign for funding in the state.
On 21 September the State Commission on securities and stock market of the state of Texas ordered another two cryptocurrency companies to stop their work: Ultimate Assets and DGBK. At the moment, Agency staff conduct an investigation into the activities of both companies, who are accused of violation oflaw on securities trading.