"Pump and dump" cryptocurrency schemes are illegal, and enforced by the SEC. If prosecuted, this can lead to jail time and fines.
>Can the SEC regulate crypto? Yes. A security is defined using the Howey Test. The Supreme Court stated in Marine Bank v. Weaver, 455 U.S. 551, (1982), the definition is “quite broad” and meant to include “the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.” For more information on SEC's enforcement against crypto, see: sec.gov/investor/alerts/ia_virtualcurrencies.pdf
>But I don't live in the US. The SEC enforces Security Fraud cases overseas. If there is a US victim, the scheme falls under SEC jurisdiction. Nearly every country cooperates with SEC investigations. For more information, see: sec.gov/about/offices/oia/oia_crossborder.shtml
>I don't want to get arrested, what I can I do? The SEC offers a whistleblower program. If you bring evidence that leads to a securities fraud conviction, you will avoid prosecution and you are eligible for a reward. Eligible whistleblowers are entitled to an award of between 10% and 30% of the monetary sanctions collected by the SEC and related law enforcement authorities. For more information, see: sec.gov/about/offices/owb/owb-faq.shtml
>How do I whistleblow? In order to qualify for an award under the whistleblower program, you must submit your information either through the online Tips, Complaints and Referrals questionnaire or by completing the hardcopy Form-TCR and mailing or faxing it to the SEC Office of the Whistleblower, 100 F Street NE, Mail Stop 5631, Washington, DC 20549, Fax (703) 813-9322.
Whistleblowers can receive 10%-30% of any fines handed down as a result of their tip. Do you participate in a pump and dump scheme? Work with the SEC and get paid, even if you're outside the US.
Ryan Bennett
Fuck off SEC
Angel Anderson
I lead one of the biggest pump and dump discord groups currently. My whales move mountains. Are you saying what i am leading is illegal and i should stop?
Should i also pay my taxes? okay i'll take that under advizement while i'm pounding your wife.
Adrian Hall
No, I'm saying someone that works for you can receive a sizable cash payout if they work with the SEC to have you arrested.
Hunter Young
hey would you mind blowing my whistle?
Hunter Myers
>using humor to deflect from your fear of getting arrested pathetic
Daniel Collins
The SEC can't do shit. It's a decentralized world bby ;)
Christopher Taylor
Call the cops idgaf
Austin Jackson
how can sec prosecute pump and dump groups which are not run by americans
Elijah Nelson
They can't, the securities they are "pumping" aren't even under American law.
Caleb Green
Fraud is fraud.
Ian Diaz
>The SEC offers a whistleblower program. If you bring evidence that leads to a securities fraud conviction, you will avoid prosecution and you are eligible for a reward
The SEC has jurisdiction over American-regulated securities. Which is why all these companies are registered in Singapore and Switzerland. They also "prohibit" sales to American citizens, bt how can they know if you use a VPN.
Justin Sullivan
Take the redpill
The SEC are pumping on Veeky Forums to dump their crypto holdings
Lucas Diaz
VPNs are nowhere near as secure as you think, that's all I can say.
Brody Bell
You are the same guy who compared the 14 year old who pumped & dumped American stocks on Yahoo forums in 2002 to some Pajeet who pumps & dumps Singapore-registered crypto non-securities behind 14 proxies on a secure platform.
Matthew Reed
Yawn, the FUD is real
Kevin Rivera
Very free. Much brave. Bereft of foreskin. Murica wow
Sebastian Lee
shut up nerd
Carson Baker
Interesting, Gov shills on Veeky Forums LOL
Jayden Foster
>non-securities
That's an interesting legal conclusion. Keep in mind that the US government does not share that conclusion.
Eli Collins
>profiting from a scheme to dump on unsuspecting people is ethically fine. >profiting from turning them in is not.
Really activates my almonds.
Cooper Perry
No one cares what the US government thinks, idiot. Stop crying. All of this is public information, if the US gov could arrest them, they wouldn't be waiting for your shit ass thread.
Isaac Ramirez
Never have I ever seen an "unsuspecting person" falling for a crypto P & D. Everyone here is a greedy gambling fuck. You played and LOST, deal with it like a man.
Bentley Moore
>No one cares what the US government thinks, idiot
Andrew Cook
Lmao i live in Russia, the SEC govcucks can suck it up
Luke Watson
Remove the state!
Asher Roberts
Any taxes when cashing out in the motherland?
Christian Allen
I didn't expect government workers to understand anything above their paygrade anyway.
Christian Wood
im not a government worker idiot, just the saying that "No one cares what the US government thinks" is hilarious on its face
kys
Gavin Hill
Why would anyone care about what the US government thinks about something that they have zeero say in? Only idiots like you and OP care.
Blake Harris
>something that they have zeero say in? oh my sweet summer child
just because you'd LIKE the us government to have no say in crypto, doesn't mean that's how it's going to work in actuality
Tyler Perez
It doesn't matter what I like or don't like. These are very clearly defined legal terms that lawyers have already made clear. Some of these companies are multi-billion operations. Stay out of it and get a government job, I guess.
Levi White
>he thinks the US government gives a fuck about "clearly defined legal terms" if they want something outlawed, they will
they could kill crypto with the flip of a proverbial lightswitch
naive kiddo
Josiah Watson
Υeah, only that they can't. The most they could do is have idiots like you shill for them.
Jackson Brown
>Υeah, only that they can't. entire crypto market cap is 100 billion
that's a drop in the bucket for the US government retard
Jaxon Young
Good luck actually seeking any sort of legal repercussion with someone over seas lmao.
Crypto is too young to be a major government worry.
Oliver Barnes
The entire SEC funding is 1.6 billions, and they have much more serious cases to spend this money on than the Telegram group you lost your allowance to.
Brody Howard
Suck a dick, faggot
Jace Myers
This, unless the IRS thinks you owe them money the SEC isn't going to bother. >entire crypto market cap is 100 billion >that's a drop in the bucket for the US government retard This is exactly why they don't give a shit, it's not worth the money
Jacob Kelly
FUCK U SEC, yesterday this faggot did the same thing and i told him i was in 16 pump groups and he believed it hahahah ALMOST CRIED M A RIVER TO WHISTLEBLOW
Hunter Diaz
>But I don't live in the US.
Come over to Kuwait you pussy blossom, you're culo will be skinned alive until it gets roasted by our Libian friends
Samuel Gomez
Probably some teenagers who want their money back.
>i-i was just an innocent bystander >actively searches and participates in p&d groups in an effort to get free money
Jaxson Cox
Probably some teenagers who has more money that what you will ever get in your office box work pussy, go strap your seatbelt to your desk, hopefully you will see an exciting bug flying around the office useless piece of pusseh
Joshua Ross
kek can't wait till one of your whales decides enough and they wanna cash out one last time on you
Jose Cox
What in the actual fuck, learn some English Arab nigger.
Luke Martinez
SEC is basically powerless. I don't think the organization is able or willing to do anything or they are short-staffed or something.
You have obvious, FAMOUS, manipulators engaging in blatant securities fraud like Andrew Left and he's been around for decades and nothing is done but one slap on the wrist a lifetime ago.
It's easy to engage in securities fraud with zero concequences if you just play the legal fiction that you are a 'whistleblower' and JUST HAPPEN to hold a short position. You can pump and dump if you JUST HAPPEN to have accidentally hit an extra zero on that buy order or you sincerely believe this stock is the next Amazon and told everyone you knew for days on end but oh, no, it was suddenly overvalued, so you sold.
They can't prove conspiracy without intent so unless you say 'Hey, Veeky Forums, let's all spam the internet to pump-and-dump XYZ on monday and sell teusday' then it's not anything they can charge you with.
Blake Collins
fuck off SEC
Kayden Hall
Que paso perral, are you sad because you don't know more than your gringo language?
Who the fuck are you to tell me to learn youre shitty Americanized english,
If you were British thats another thing, but you copycats got the worse dialect of all, nigger.
Carson Martinez
Easy on that tequila, Paco.
Tyler Jones
First I'm Arab then I'm Mexican?
You make me laugh, fat boy
Go elect someone stupidier, merica
Dylan Diaz
It's ok I'm going to fix it - a few weeks time I will have a market correcting bot for everyone.
I'm going to open source it so people can see accumulation periods / suspicious coins. We can't go on together, with suspicious coins... (with suspicious coins)
Matthew Torres
>le Drumpf REEEE >Mexican calling anyone fat
Nicholas Collins
>Gringo calling everyone nigger, mexican, arab >You are the problem in the world >I hope your president engages war so there can be a bomb right were you live
Hunter White
Hey man - we should start a p+d whistleblowing discord and make mad gainz off the bad guys. And give some of our profits to charity.
I wonder would you be able to share the following with me:- Your first and last name Primary email and phone contact details Roughly how many coin dumps you participate in per week Invitation to your telegram / discord group
Jayden Cooper
Don't be so mad. It's not the gringo's fault you are some kind of trash.
Xavier Stewart
>And give some of our profits to charity
LE VIGILANTE ANONYMOOSE XD
Noah Sanchez
>Does not have anything to say >Your country laughs at yourself with programs like South Park... Clearly you are the white trash... Go ingest some Arby's, fatty boi
Levi Gonzalez
Victims of pump related violence. Basically we should just dump it all in dgb. Should solve most of the problems around here.
Dylan Walker
>fatty boi
Grayson Miller
>lol
Evan Thomas
>another wild paco appears
kek you guiz so funny
Jaxson Rodriguez
No yanqui goes to Mexico without knowing some Spanish. It's disrespectful to live in the USA without speaking some of the native language, hombre.
I know we are role-playing and all, but really, American English is the one true language, we speak it how it was spoken in 1776, it was fags in the UK that adopted an accent and fucked around with the spelling and pronunciation.
Case in point, Brits say aluminum 'Al-LOO-min-ee-uhm' which is stupid as a fuck because the guy who named the metal called it "Uh-LOO-min-num'.
Fucking UK faggotry just gets worse every day.
Parker Walker
Will you two stop fighting we have some crime to fight on behalf of the sec 1) step one - get the whales to fox themselves (starting with whale user in this thread) 2) step two negotiate sweet gains with the SEC 3) step 3 pump digibyes with gains to help out the bagholders.
JUSTICE
Wyatt Cook
Your country is the only country in WAR since they were created, what the fuck are you talking about? you have no culture, no music, nothing.
You love eating tacos, listening to rap music, yet you hate all these stereotypes. What the fuck are you proud of your shithole for?
Also i'm from Kuwait and the US history is nothing
It got 300 years in the whole world, you think thats significant? Please, you morons have the worse holidays and on top of that they make you believe ur shitty country is number 1. You're all viewed internationally as scum.
Noah Richardson
Dox*
Adrian Bailey
xDD brother
Luke Perez
>hates USA >USA cucked him anyway
Justin Hughes
>Also i'm from Kuwait and the US history is nothing
We should've just let Saddam fuck you in the ass.
Christian Evans
The only ones who like USA are the brainwashed sheeps that live there. Go watch some TV fatty boy, I thought I was done with you.
Carter Rivera
lol
how many times was your American visa rejected m8?
You should've, but because your big ass pointy noses can't stay away from other people's problem, you didn't, and its always going to be like that.
Attention whore USA reporting back to where nobody called us!!
Trying to fix shit while suppliying the terrorists with weapons wohoo!!
Fuckers your government is funding ISIS and bombing places so SHITTY Arabs can migrate to other countries planning a master 2017 invasion to EU countries for nothing else that evilness.
Joshua Nguyen
Come on guys get with the program... This isn't pol we don't need a race war here, we are building a crime fighting team on biz. The SEC will reward us. It's the only way to save crypto from the whales
Matthew Carter
America visa rejected? i got a scholarship to go study in your shithole m8
It was the easiest shit I have obtained in life
Joshua Thomas
1 little bomb and most of your investment in war is gone, moron.
It's 2017, a bomb can destroy your whole shithole
Jaxon Green
>from kuwait, asshole of the middle east >calling anything else a shithole kek
Blake James
>kek at this guy thinking "anything else" or "his point of view of the world" is USA.
Learn geography moron, America is a whole continent
Nathaniel Ortiz
You're aware that America saved your ass from the Iraqis, right?
Blake Ortiz
im not even american you dumb goatfucker
americans should've let you get crushed by saddam
Camden Morales
You are aware you don't know shit and they only tell you what they want you to know, like right now they tell you they are defending the world from ISIS while they are supporting them and fomenting war along the world, like they have always done.
dumb dumb
Nolan Baker
>like right now they tell you they are defending the world from ISIS while they are supporting them and fomenting war along the world, like they have always done.
No, I'm pretty sure that sandniggers like you can forment war and hatred all by yourselves.
Landon Nguyen
American's should've done a lot of things... they don't. That's why they are viewed as the clowns and waste of LIFE by the WHOLE world.
Sorry to crush your dreams out, but as soon as you leave ur shithole you're viewed by everyone else as scum.
Owen Foster
americans definitely should've let you get crushed by saddam, angry faggot
Jack Howard
OK wait 20 more years for your dumb ass to know the actual truth, I hope you remember this because your dumb ass brainwashed self will start to feel sorry by then
Ryder Fisher
The timing habits of your posts indicate you operate in the Western Hemisphere.
Jeremiah Robinson
The timing habits of your mom indicates you are a fat bitch.
It's 6:30 PM here, why the FUCK couldn't I be posting you moronic beast.
Bentley Moore
>your dumb ass brainwashed self will start to feel sorry by then don't kid yourself, nobody is going to feel sorry for a kuwaiti goatfucker
Jeremiah Fisher
I suggest everyone on Veeky Forums who has lost money in a coin that was pumped and dumped (you can define that however you like) file a complaint. I'm sure they'd love to start 10 million new investigations. HEY SEC guys, work longer hours, you don't need sleep or time with your family. Now get to work, SEC! Protect us!!! Work through your lunch breaks! Work on weekends without pay! Just do it, faggots.
Brandon Martinez
So last night you were posting at 3am?
Camden Rivera
You got a problem with my sleeping habits?
Luis Wright
No, it's just that you've inadvertently left a few clues that you aren't posting from the Middle East.
Connor Sanchez
What makes you think I would tell you trully where i'm from you stupid ass moron.
God you get worse every post. That leads you back to where you started.
Go lick your boss balls since you are the lowest scum sent to write bullshit into a Veeky Forums thread.
I would suggest asking for a raise since you're getting so roasted
Alexander Young
American culture is WORLD culture, now. You're speaking our language, using our vernacular, using our internet and technology. What the fuck is Kuwaiti culture?
The US has done more in 300 years than the entire middle east has done in it's entire existence.
You are just butthurt because you are surrounded by garbo countries and your culture revolves around hiring Filipinos to pump oil in your country, buying expensive shit, beating your wife and children and fucking goats.
You don't even have any cool ruins in your country, Kuwait wasn't anything until they found oil there. it's like you are making fun of yourself with that post.
