LongFin, the firm that pivoted to crypto and soared 2,500% back in 2017, has been charged with fraud by the SEC
Crypto company LongFin (LFIN) and its CEO have been charged with fraud by the SEC. The SEC claims CEO Venkata S. Meenavalli organized a fraudulent Regulation A+ public offering and LongFin consultants misrepresented information to Nasdaq to be listed. LongFin was listed by Nasdaq in Dec. 2017 and at one time saw its shares jump 2,500% in value after announcing its pivot into crypto.
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