The U.S. Securities and Exchange Commission has filed fraud charges against Texas-based crypto mining and hosting company Geosyn and its two co-founders Caleb Ward and Jeremy McNutt for alleged engagement in a $5.6 million fraud case. “Almost everything that Defendants represented about Geosyn’s miner purchases and operations contained some element of falsity,” the agency said in a complaint filed Wednesday. The defendants allegedly defrauded over 60 investors to raise about $5.6 million between November 2021 and December 2022, the SEC claimed. Geosyn failed to disclose to new investors that previous investors never ... (full story)