Former Grand Bend hotel owner Troy Hogg found guilty of fraud in a $51.7M crypto scheme involving Dignity, Cryptobontix, Arbitrade Exchange, and Arbitrade Bermuda.

Former Grand Bend hotel owner Troy Hogg was found guilty of fraud by an Ontario Securities Commission tribunal in a US$51.7 million crypto scheme. Hogg falsely claimed his crypto asset, Dignity, was backed by gold. Sanctions and costs hearing set for July 2. The fraud occurred between May 2017 and June 2019 and also implicates Cryptobontix, Arbitrade Exchange, and Arbitrade Bermuda in the scheme.

June 19, 2024
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