Jul 9
2020

The Texas State Securities Board issued two emergency cease and desist orders against firms and individuals claiming to provide lucrative investment opportunities in international cryptocurrency trading platforms that trade bitcoin and mine cryptocurrency. The subjects of the orders purport to operate out of the same residential address in Houston, Texas, and tout daily, potential profits ranging from 35% to better than 600% based upon the amount of money investors are willing to part with.

The respective orders were entered against LoudMines and Swiftminex.