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BitClout Founder Charged With Fraud by SEC and Justice Department

The United States Securities and Exchange Commission (SEC) has hit the founder of decentralized social network BitClout with fraud charges, alleging that he lied to investors and used their cash to fund a lavish lifestyle.The financial watchdog also said in a Tuesday announcement that the U.S. Department of Justice has simultaneously charged Nader Al-Naji, as well. The DOJ has not yet revealed details of the case and did not immediately respond to Decrypt's questions.Starting from 2020, former G...

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