Pyramid Scheme

The SEC brought a <strong><a href="http://www.courthousenews.com/wp-content/uploads/2019/05/Pyramid-scheme.pdf" target="_blank" rel="noreferrer noopener" aria-label="federal complaint (opens in a new tab)">federal complaint</a></strong> against EProfit Systems, saying investors in the IPro pyramid scheme involving a so-called cryptocurrency were defrauded of $27 million, which the founder used to buy a Rolls-Royce, a multimillion-dollar mansion and other goodies.

LOS ANGELES — The SEC brought a federal complaint against EProfit Systems, saying investors in the IPro pyramid scheme involving a so-called cryptocurrency were defrauded of $27 million, which the founder used to buy a Rolls-Royce, a multimillion-dollar mansion and other goodies.

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