Silver Miller Legal claim against Jeremy Spence for coin signs False fund cryptocurrency

CORAL SPRINGS, Fla., December 26, 2018 / PRNewswire / – Silver Miller () – the leading legal firm of cryptocurrency investors in America – has launched a new lawsuit on behalf of investors in a Ponzi scheme orchestrated by Jeremy Spence, arguing that Spence sold investments in a series of fraudulent hedge funds through a fictitious entity that he called Coin Signals. Pretending to be a successful cryptocurrant trader who offered lucrative earnings in a number of hedge funds he was supposed to manage, Spence solicited investors all over the world through online discussions on Telegram and Discord. Instead of running a hedge fund, Spence was conducting a classic Ponzi scheme: raising funds from new investors and distributing these funds to previous investors on the pretext that those distributions were investment profits. During his plan, Spence held back large portions of the funds invested to pay for personal expenses and debts. At its peak, Ponzi's scheme sought to manage the activities of investors valued at beyond $ 5,000,000.00.

The cause, in style , Dist. U.S. Ct. – SDNY – Case n. 1: 18-cv-12218, asks the Court to cancel the investments in the fraudulent funds of the Signals of the coins; return their cryptocurrency to investors; impose a monetary penalty on Spence and his collaborators for their fraud and impose constructive trust on the assets collected by Spence.