July 27, 2020 BY Steffy Bogdanova

SEC charges online marketplace Trustify Inc. with $18.5 million fraud

Kelly L. Gibson, Director of the SEC’s Philadelphia Regional Office commented: As alleged in our complaint, Boice and Trustify lied to investors about their failing business to give the appearance of a thriving technology startup, while misappropriating investor funds to support an extravagant lifestyle. The scheme resulted in millions of dollars in investors losses, and…

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