{"id":10956,"date":"2024-02-03T09:23:27","date_gmt":"2024-02-03T09:23:27","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10956"},"modified":"2024-02-03T09:23:42","modified_gmt":"2024-02-03T09:23:42","slug":"crypto-teacher-stole-1-million-from-his-students","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/","title":{"rendered":"Crypto Teacher Stole $1 Million From His Students!"},"content":{"rendered":"

A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students. He allegedly convinced them to invest a total of $1.2 million in a hedge fund that promised profits. Despite claiming to use cutting-edge technology, he reportedly never launched the investment fund.<\/p>\n

\n

You might like:\u00a0Bitcoin and Cryptocurrencies Update! \u2013 February 3<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n

According to a recent statement released by the US Securities and Exchange Commission (SEC), Brian Sewell, the founder of Rockwell Capital Management, solicited investors to fund a non-existent hedge fund from early 2018 to mid-2019:<\/p>\n

\u201cThe complaint alleges that Sewell, who resides in Hurricane, Utah, and later relocated to Puerto Rico, raised approximately $1.2 million from about 15 students but never launched the fund and did not trade using the trading strategies he advertised to investors.\u201d<\/p>\n

Allegedly, he promised to use artificial intelligence (AI) and machine learning technology to maximize investors’ returns. However, he parked his students’ funds in Ethereum and eventually the virtual wallet was hacked, leading to a total loss of their investments.<\/p>\n

Crypto Teacher Stole $1 Million<\/span><\/h2>\n

\u201cThe complaint alleges that the Ethereum was ultimately stolen when Sewell\u2019s digital wallet was hacked and emptied,\u201d the statement noted.<\/p>\n

The SEC issued a broader warning to scammers in the cryptocurrency industry, stating that they are intent on taking action against those who exploit the excitement of the sector.<\/p>\n

\u201cWhether it\u2019s AI, crypto, decentralized finance (DeFi), or another trendy term, the SEC will continue to hold accountable those who misuse emerging technologies to deceive and defraud investors,\u201d the SEC further stressed.<\/p>\n

Rockwell Capital Management has agreed to repay $1.2 million to investors, along with approximately $402,000 in prejudgment interest.<\/p>\n

If the court approves the settlement, Sewell will pay a civil penalty of $223,229 on his own.<\/p>\n

This comes after another US regulator, the Commodity Futures Trading Commission (CFTC), warned cryptocurrency investors seeking significant returns this year to be wary of being scammed by AI trading bots with exaggerated promises.<\/p>\n

The CFTC highlighted those who promise impressive returns using bots, trading signal algorithms, virtual asset arbitrage algorithms, and other AI-powered technologies.<\/p>\n

\n

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students. He allegedly convinced them to invest a total of $1.2 million in a hedge fund that promised profits. Despite claiming to use cutting-edge technology, he reportedly never launched the investment fund. You might like:\u00a0Bitcoin and Cryptocurrencies Update! \u2013<\/p>\n","protected":false},"author":1,"featured_media":10957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4101,393,93,105,4100,39,4099],"class_list":["post-10956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brian-sewell","tag-crypto","tag-defi","tag-ethereum","tag-rockwell-capital-management","tag-sec","tag-virtual-wallet"],"yoast_head":"\nCrypto Teacher Stole $1 Million From His Students! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Teacher Stole $1 Million From His Students! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-03T09:23:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-03T09:23:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/\",\"name\":\"Crypto Teacher Stole $1 Million From His Students! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg\",\"datePublished\":\"2024-02-03T09:23:27+00:00\",\"dateModified\":\"2024-02-03T09:23:42+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg\",\"width\":768,\"height\":432,\"caption\":\"Crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Teacher Stole $1 Million From His Students!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto Teacher Stole $1 Million From His Students! - Coin Engineer","description":"A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Teacher Stole $1 Million From His Students! - Coin Engineer","og_description":"A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students.","og_url":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/","og_site_name":"Coin Engineer","article_published_time":"2024-02-03T09:23:27+00:00","article_modified_time":"2024-02-03T09:23:42+00:00","og_image":[{"width":768,"height":432,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/","url":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/","name":"Crypto Teacher Stole $1 Million From His Students! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg","datePublished":"2024-02-03T09:23:27+00:00","dateModified":"2024-02-03T09:23:42+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"A crypto trading course instructor has been charged by the US securities regulator with defrauding 15 students.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Crypto.jpg","width":768,"height":432,"caption":"Crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/crypto-teacher-stole-1-million-from-his-students\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Crypto Teacher Stole $1 Million From His Students!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=10956"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10956\/revisions"}],"predecessor-version":[{"id":10959,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10956\/revisions\/10959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/10957"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=10956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=10956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=10956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}