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A leading English daily quoted the director of the SEC’s New York Office, Andrew Calamari saying, “Haddow created two trendy companies and misled investors into believing that highly qualified executives were leading them to profitability…
In reality, Haddow controlled the companies from behind the scenes, and they were far from profitable.” Haddow, for a while successfully managed to cheat people of as much as million.
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The SEC claims that it has been unable to find records of any operations ever conducted by the Bitcoin Store, even though there have been millions in gross sales until now.
While the SEC put an end to the Bitcoin Store’s operations, there are many similar fraudulent schemes out there that keep popping up.
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An English businessman, Renwick Haddow has been charged by the United States Securities and Exchange Commission for securities fraud.