The Texas State Securities Board has issued an emergency stop and desist order to an Australia-based cryptocurrency mining firm and its associates. Based on the order, the corporate represents that investments in its mining contracts are “assured to 200% revenue.”
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Stop and Desist Order
The Texas State Securities Board on Tuesday issued an emergency stop and desist order to Sydney-based Aws Mining Pty. Ltd. and 9 different respondents affiliated with the corporate. The entities named are Automated Internet Companies Mining (Aws Mining), Mycoindeal, Aws Elite, and West Texas Oilfield Cloud Miners Membership.
Sydney-based Mycoindeal supplies pockets providers for investments issued by Aws Mining. Aws Elite is a multi-level advertising group for Aws Mining primarily based in Pennsylvania. West Texas Oilfield Cloud Miners Membership, an affiliate of Aws Elite, is a Texas-based gross sales agent for Aws Mining.