Jon Tetreault settles Trade Coin Club fraud for $780,795
Jonathan Tetreault has settled Trade Coin Club fraud with the SEC for $780,795.
Tetreault’s Consent Judgment was filed on November 18th, resolving the SEC’s case against him.
Tetreault is one of four defendants sued by the SEC earlier this month. The regulator alleges the four scammers ran and/or promoted the Trade Coin Club Ponzi scheme.
Trade Coin Club was a $300 million MLM crypto Ponzi launched in 2017. Tetreault was one of Trade Coin Club’s top US earners.
As per Tetreault’s judgment, he is permanently restrained from committing further violations of the Securities and Exchange Act.
Tetreault (right) has also been banned from participating in any crypto related income opportunity for five years.
On the money side of things Tetreault is up for:
- $622,787 in disgorgement
- $143,008 in prejudgment interest and
- a $15,000 civil penalty
Tetreault has been ordered to satisfy payment to the SEC by December 2nd.
Stay tuned for continued coverage of the the SEC’s case against Douver Torres Braga, Joff Paradise and Keleionalani Taylor.
Kelei Taylor is very guilty here. She stole tons of money in TCC in the millions. Also do note that Rob Harris is the one that brought in Kelei Taylor.
Rob Harris made a ton of money in TCC and now is under investigation as well by the SEC in this case. He is trying to hide but it is a well known fact he was a major player in the TCC scandal.
Kelei has been running for a government position in Hawaii and has nearly lost her children because of crimes she has committed.