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INTERNET | Internet Software & Services / Monitoring & Security
simplecyberlife.com

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Founded Year

2020

Stage

Incubator/Accelerator | Alive

About Simple Cyber Life

Simple Cyber Life offers an online service that allows families to have greater safety in cybersecurity. It offers a subscription-based service that provides whole family protection and combines technology with personal support to achieve better results.

Simple Cyber Life Headquarter Location

13b The Vale

London, England, W3 7SH,

United Kingdom

+44 8008611960

Latest Simple Cyber Life News

SEC Charges Latvian Citizen With Digital Asset Fraud

Dec 2, 2021

FOR IMMEDIATE RELEASE Washington D.C., Dec. 2, 2021 — The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings. According to the civil complaint, filed in U.S. District Court for the Eastern District of New York, Ivars Auzins defrauded U.S. and foreign investors through the unregistered offer and sale of digital asset securities in an initial coin offering and a purported digital asset cloud mining program. Auzins allegedly used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds that were raised. In the first scheme, the complaint alleges that, from January 2018 through March 2018, Auzins fraudulently offered and sold unregistered digital tokens as part of an ICO of Denaro, a purported "multi-currency debit card platform." Specifically, the complaint alleges that Auzins falsely claimed Denaro enabled users to store their digital assets in a secure digital wallet and then spend them "like any other debit card" which could be provided by a credit card issuer. In fact, the complaint alleges, all of the claimed products or services being offered were fictitious, including the relationship with the credit card issuer. Finally, the complaint alleges that Auzins misappropriated all of the ICO’s proceeds. In the second scheme, the complaint alleges that, from April 2019 to July 2019, Auzins fraudulently offered the unregistered securities of Innovamine, which purportedly offered a cloud mining program. According to the complaint, Auzins claimed that investors could contribute digital assets to Innovamine, and then the company would perform mining activities and provide investors with a daily "automatic payout . . . in whichever coin they mine." The complaint alleges that these promises were untrue, and that Auzins misappropriated nearly all of the funds raised in the offering. "As we allege, Auzins was engaged in a brazen scheme to defraud retail investors under the guise of profitable digital asset opportunities," said Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit. "We will continue to detect and pursue those that seek to victimize investors in the digital asset space." The SEC’s complaint charges Auzins with violating the antifraud and registration provisions of the federal securities laws, and seeks permanent injunctions, including conduct-based injunctions, disgorgement plus prejudgment interest, civil penalties, and an officer-and-director bar against him. The SEC’s investigation was conducted by Jon A. Daniels of the Cyber Unit. The case is being supervised by John O. Enright and Ms. Littman of the Cyber Unit and Thomas P. Smith, Jr. and Lara Shalov Mehraban of the New York Regional Office. The litigation is being conducted by Todd Brody and Mr. Daniels. ###

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