SEC Charges Brothers in $60M Crypto Ponzi Scheme

Jonathan and Tanner Adam allegedly defrauded over 80 investors with promises of high returns from a non-existent trading bot.

The SEC has frozen assets of Jonathan and Tanner Adam and their companies GCZ Global LLC and Triten Financial Group LLC.
The brothers promised 13.5% monthly returns through a fabricated crypto trading bot and lending pool.
Investor funds were misappropriated for luxury purchases, including a $30 million Miami condo and high-end vehicles.
Jonathan Adam's prior securities fraud convictions were concealed from investors.
The SEC seeks permanent injunctions, return of profits, and civil penalties against the Adams.