Silver Miller, a law firm specializing in litigation in the cryptocurrency industry, filed a lawsuit against trader Jeremy Spence in a US federal court. The document says that Spence created the Coin Signals cryptocurrency pyramid.
As stated in a press release, Spence attracted investments under his hedge funds, claiming that he is a professional trader. At the height of his Coin Signals, he allegedly managed $ 5 million.
However, Silver Miller believes that Spence actually organized the classical financial pyramid, in which early investors received payments at the expense of later ones, and no hedge funds have ever existed.
Note that in the portfolio of Silver Miller lawsuits against Coinbase, Kraken, Bitconnect and Cryptsy are present.
Earlier it became known that the founder of ICO-startup TenX Julian Hosp was really involved in the activities of the financial pyramid Lyoness.