What's up, my people! 🚀 Get ready because I bring you news that leaves you speechless and with eyes wide open. It turns out that John Deaton, that lawyer who is the voice of the people and defends XRP holders fiercely, came down hard on Linqto!
This guy, who doesn't beat around the bush and has already faced the SEC and even Elizabeth Warren, is now going after Linqto's founder, William Sarris, for a very serious matter: selling crypto shares without authorization! 🤯
Imagine the play: Linqto, which is supposed to be an investment platform, supposedly crossed the line. Deaton says they started selling shares of crypto companies like Ripple, Kraken, and even Uphold, with prices inflated by up to 60%! Can you believe that nonsense? 💸 They were taking advantage of people who wanted to invest in the Web3 wave. It's like selling you a coffee at the price of a gourmet dinner, such an abuse!
The lawsuit, which is a class action for thousands of retail investors to recover their money, states that Linqto used deceptive tactics, created fraudulent exemptions, and violated SEC/FINRA regulations. In other words, Deaton is not playing games and is looking to expose all the criminal misconduct of these guys. It's like the hero who comes to restore order in the neighborhood. 🦸♂️
The juiciest part of the matter is that just before Deaton dropped this bombshell, Linqto declared bankruptcy! But our star lawyer, with the cleverness that characterizes him, didn't back down. Instead of going after the company, which is now protected by bankruptcy, he went straight for William Sarris, the founder and CEO! This way, he aims to ensure that investors can recover their funds without the company's bankruptcy being a shield. That's a master move! ♟️
The crypto community is not changing for anyone with this news. They are celebrating Deaton as if it were a goal in the final! And this case not only seeks to recover the lost money but also to send a clear message: don't mess with the people and especially not with their money! This reminds us that we always need to be alert, do thorough research before reaching into our pockets, and demand regulations that protect us from these "smart ones."
So you know, stay tuned to see how this soap opera unfolds! Because, as the saying goes, "better safe than sorry" and it's better to avoid criminal fraud before having to chase down the money. Stay connected! 📱$XRP $EOS $AAVE
