{"id":82620,"date":"2023-08-04T11:27:51","date_gmt":"2023-08-04T08:27:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82620"},"modified":"2025-09-12T06:10:19","modified_gmt":"2025-09-12T03:10:19","slug":"sec-froze-assets-of-digital-licensing-also-known-as-debt-box","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-froze-assets-of-digital-licensing-also-known-as-debt-box\/","title":{"rendered":"SEC froze assets of Digital Licensing, also known as DEBT Box."},"content":{"rendered":"<p>The mining company Digital Licensing, also known as DEBT Box, was accused of fraudulently soliciting $50 million in cash, as well as undisclosed amounts in Bitcoin and Ethereum. <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-146\">According to<\/a> <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<p>The agency acted swiftly to freeze the firm\u2019s assets and took action against four of its executives and 13 other defendants.<\/p>\n<p>According to the SEC, from March 2021, Jason Anderson, his brother Jacob, Shad Brennan and Roydon Nelson offered investors unregistered securities, falsely claiming they were engaged in cryptocurrency mining.<\/p>\n<p>The proceeds were spent on luxury cars, real estate, and entertainment.<\/p>\n<p>In total, charges of selling unregistered securities have been brought against 18 defendants. Representatives of DEBT Box are also charged with violations of anti-fraud provisions. Additional defendants face counts of unregistered broker-dealer activity.<\/p>\n<p>The SEC seeks a permanent injunction, the return of ill-gotten gains and civil penalties.<\/p>\n<p>DEBT Box was appointed a temporary receiver, including to manage the company\u2019s assets on behalf of investors.<\/p>\n<p>Back in July, Marathon shareholders <a href=\"https:\/\/forklog.com\/en\/news\/marathon-shareholders-sue-the-companys-top-management\">filed a lawsuit<\/a> against CEO Fred Thiel and nine other top executives for the misappropriation of company assets for personal use.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company Digital Licensing was accused of fraudulently soliciting $50 million in cash, as well as undisclosed amounts in Bitcoin and Ethereum.<\/p>\n","protected":false},"author":1,"featured_media":82621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1137,1246,128,26],"class_list":["post-82620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-cryptocurrency-mining","tag-scammers","tag-sec","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82620"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82620\/revisions"}],"predecessor-version":[{"id":82622,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82620\/revisions\/82622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82621"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}