Ohio man charged by SEC for defrauding 150 investors in a crypto scam

An Ohio man has been charged by the US Securities and Exchange Commission (SEC) for being involved in a crypto scam. Allegedly, Michael W. Ackerman has raised 33 million dollars through violation of anti-fraud provisions for federal securities law. As per SEC’s complaint that was filed in a federal court in New York, Ackerman, along with his accomplices lured investors through false promises. Crypto scam luring “Physicians Dads.” Ackerman and his two unnamed partners established Q3 Trading Club in June 2017. As per the complaint, Ackerman, through the two entities he controlled Q3 Trading Club and Q3 I, LP raised