The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction of the funds on mining operations.

Source: [CoinTelegraph](https://cointelegraph.com/news/sec-sues-mining-automatic-and-founder-over-alleged-22m-crypto-mining-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)

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