Jon Tetreault settles Trade Coin Club fraud for $780,795

Jonathan Tetreault has settled Trade Coin Club fraud with the SEC for $780,795.

Tetreault’s Consent Judgment was filed on November 18th, resolving the SEC’s case against him.

Tetreault is one of four defendants sued by the SEC earlier this month. The regulator alleges the four scammers ran and/or promoted the Trade Coin Club Ponzi scheme.

Trade Coin Club
was a $300 million MLM crypto Ponzi launched in 2017. Tetreault was one of Trade Coin Club’s top US earners.

As per Tetreault’s judgment, he is permanently restrained from committing further violations of the Securities and Exchange Act.

Tetreault (right) has also been banned from participating in
any
crypto related income opportunity for five years.

On the money side of things Tetreault is up for:

$622,787 in disgorgement

$143,008 in prejudgment interest and

a $15,000 civil penalty

Tetreault has been ordered to satisfy payment to the SEC by December 2nd.

Stay tuned for continued coverage of the the SEC’s case against Douver Torres Braga, Joff Paradise and Keleionalani Taylor.

🤖 Quick Answer

Who is Jon Tetreault and what was his role in Trade Coin Club?

What settlement did Jon Tetreault reach with the SEC?
Tetreault settled with the SEC for $780,795 through a Consent Judgment filed on November 18th. The settlement requires him to pay $622,787 in disgorgement and $143,008 in penalties, resolving all fraud allegations against him.

What restrictions were imposed on Jon Tetreault following his settlement?
Tetreault was permanently restrained from committing further securities violations and banned from participating in any cryptocurrency-

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