Florida Group Faces Scams Charges for Alleged Altcoin Pump and Dump

A group of Florida homeowners have actually been accused of fraudulently offering scrypt mining ASICs as part of an altcoin pump-and-dump scheme.

Perpetrated from March 2013 through August of this year, the scheme fixated a cryptocurrency called cachecoin whose market was presumably controlled by the actions of the accuseds.

The 5 individuals, that include a couple as well as a company called Scrypted Life, are also implicated of taking funds raised for an independent mining operation. Represented by Florida-based law firm Akerman LLP, the complainants are seeking loss-of-profit damages along with legal expenses, and have actually asked for a trial by jury.Continue reading at

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