meta1coin.vision Scam Check: 10/100 Trust | ScamMinder

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Meta 1 Coin is a controversial cryptocurrency project that has been the subject of legal action by the U.S. Securities and Exchange Commission (SEC). The SEC filed a complaint in 2020, alleging that Meta 1 Coin and its operators engaged in fraudulent activities, including the sale of unregistered securities. The lawsuit claimed that the project raised over $9 million from more than 150 investors by making false promises about the coin's value and the use of investor funds. The SEC also alleged that the project's founders misappropriated investor funds for personal use, including buying luxury cars and a $215,000 diamond."

• Legal action by the U.S. Securities and Exchange Commission (SEC), Allegations of fraudulent activities, Sale of unregistered securities, False promises about the coin's value, Misappropriation of investor funds for personal use, Purchase of luxury items with investor money