Sunday, October 2, 2022

Crypto scammer Troy Richard James Hogg nailed

The Ontario Securities Commission says it has filed allegations against Troy Richard James Hogg related to a crypto token offering that raised US$51 million. The statement of allegations says that between May 2017 and June 2019, Hogg, an Ontario resident, promoted and sold a crypto asset named Dignity token, previously called Unity Ingot, to investors around the world. The regulator alleges that Hogg and his companies - Cryptobontix Inc., Arbitrade Exchange Inc. and Arbitrade Ltd. defrauded investors.
The OSC was assisted by the SEC which ran a parallel investigation and has levelled charges against Hogg and others.