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High-Return Crypto Scheme Hit With Cease-and-Desist in Texas

Texas regulators have issued an emergency cease-and-desist order against Darrell Porter and Eric Ture Muhammad for allegedly promoting a fraudulent cryptocurrency investment scheme through Trage Technologies. The scheme promised high returns on digital asset arbitrage trading but is accused of misleading investors and using illegal multilevel marketing tactics. Trage Technologies allegedly falsely claimed SEC registration and did not meet Regulation D requirements. Porter and Muhammad have a history of promoting other companies involved in legal actions. They have 31 days to challenge the order.

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