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SEC seeks judgement after ‘no show’ in $9M Meta 1 Coin fraud case

Published 11/19/2020, 09:45 PM
Updated 11/20/2020, 11:20 PM
SEC seeks judgement after ‘no show’ in $9M Meta 1 Coin fraud case

The United States Securities and Exchange Commission has requested a default judgment against three companies and four individuals associated with the allegedly fraudulent art- and gold-backed cryptocurrency Meta 1 Coin.

The SEC filed its Nov. 18 motion for a default judgment after the defendants failed to appear for their case, despite having corresponded with both the court and legal representation prior. The defendants are Meta 1 Coin Trust, Clear International Trust, and Ironheart Trust, and individuals Robert Dunlap, Nicole Bowdler, Wanda Traversie-Warner and Alfred Warner, Jr.

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