HOUSTON, Texas (KTRK) — Dozens of people who invested money in an alleged cryptocurrency Ponzi scheme are asking for justice and trying to get their money back.
A federal agency is cracking down on the company that allegedly targeted hundreds of Latino families, scamming them out of millions of dollars.
The FTX crypto exchange recently went bankrupt, but there are victims in Houston from a different cryptocurrency investment scheme.
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Back in September, the U.S. Securities and Exchange Commission filed an emergency action to stop an ongoing fraudulent and unregistered crypto-asset offering targeting Latino investors.
Some of those investors spoke out on Wednesday claiming they paid anywhere from a couple of thousand to tens of thousands of dollars into a company called CryptoFX, LLC.
They told ABC13 that they were promised big returns for buying cryptocurrency through the company.
Many impacted families said they’ve come to terms with knowing that they probably won’t be getting their money back, but at this point, they only want justice.
“I invested all of my life savings, and my mom did, and now I have to figure out how to pay for things that I wasn’t expecting,” Iliana Calles, one of the victims, said.
SEE ALSO: FTX collapse: Crypto company owes creditors $3.1B, court documents show
The SEC’s complaint alleges that back in 2020, Mauricio Chavez, listed as one of the founders of the company, began…
