SEC Secures $1.1 Million Judgment in Crypto Fraud Case

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) achieved a significant legal victory with a $1.1 million judgment against Keith Crews, who was accused of orchestrating a cryptocurrency scam. A federal judge in Georgia issued a default judgment on June 3, 2025, after Crews failed to respond to the SEC's lawsuit filed in August 2023. Judge Tiffany Johnson ordered Crews to pay over $1.1 million in financial penalties, including disgorgement of $530,000 in net profits from his alleged misconduct, prejudgment interest of nearly $51,000, and a civil penalty of $530,000. Additionally, Crews is permanently prohibited from future violations of securities laws.#NewsAboutCrypto #news #worldnews #update