Secretary of State files ‘cease and desist’ against crypto company after NH investor files complaint

read more…: Secretary of State files ‘cease and desist’ against crypto company after NH investor files complaint

The New Hampshire Bureau of Securities Regulation, under Secretary of State David M. Scanlan, has issued an Order to Cease and Desist against Finstate Investment LLC. The order alleges that Finstate is defrauding investors through a fraudulent cryptocurrency investment website that solicits funds and displays fictitious account activity, misrepresenting fact and making an illegal guarantee against risk of loss.