Did you know US SEC charges Mango Markets with offering unregistered Crypto token?
The SEC has charged Mango DAO, Blockworks Foundation, and Mango Labs LLC for the unregistered sale of crypto assets, specifically "MNGO" governance tokens, on the Mango Markets platform. The entities raised over $70 million from investors without registering with the SEC, depriving them of federal securities protections. Mango DAO and Blockworks Foundation were charged for violating the Securities Act, while Blockworks Foundation and Mango Labs were charged for unregistered broker activities. The companies have agreed to settle by paying nearly $700,000 in penalties, destroying MNGO tokens, and removing them from trading platforms.
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Greetings! I'm John C. Morley, a seasoned serial entrepreneur, engineer, marketing specialist, and a nationally recognized talk show host on both the internet and AM/FM radio. My journey through the realms of business and self-improvement has been nothing short of remarkable, and I am driven by my passion for motivating others to become the best versions of themselves.
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