Texas SEC Rapid suspension of two crypto scams

According to the Cointelegraph, on September 3, Texas Securities Board (TSSB) Chairman Travis J. Iles announced an emergency decision on two cryptocurrency-related scams: the Forex Birds and the PEK Universe. Kumar Babu Bondesi and Darwin Eric Balusek have been charged with conspiracy to commit these offenses, Balusek also being known as "Pope Bitcoin". They are accused of defrauding the exchange and cryptocurrency of securities. Forex Birds has promised investors up to 11% return and deposits can reach up to $ 1 million. Directors say neither the Forex Birds nor the Pek Universe have listed on the Texas Stock Exchange. A legal sentence results in an accused in jail for $ 10,000 or two to ten years in prison, or both. Operators must request a hearing with the panel by September 31.