Green United loses bid to dismiss $18M crypto mining fraud suit.

Green United LLC has lost its bid to dismiss a lawsuit from the United States Securities and Exchange Commission, which has accused its executives of operating a fraudulent crypto mining scheme that raked in $18 million from investors.
https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1727198611201-YAKIHONNES3.webp
*An excerpt from the defendants’ motion to dismiss. Source: PACER* 

 Green United LLC has recently lost its bid to dismiss an $18 million fraud lawsuit related to a crypto mining scheme. The lawsuit, brought by the U.S. Securities and Exchange Commission (SEC), alleges that the company operated a fraudulent crypto-mining operation, misleading investors by selling mining equipment for a blockchain that did not exist.
https://twitter.com/Cointelegraph/status/1838998149244825880 

 kshd