DD Support Board and Research Team

[samsamsamiam]

Speaking of Iruke -
This is an interesting case involving something he was involved with - GAW MINERS


https://www.sec.gov/litigation/litreleases/2018/lr24281.htm

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https://www.gawminersclassaction.com/

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And a court declared the token was NOT a security

https://www.whitecollarbriefly.com/2021/11/22/co-founder-of-crypto-mining-firm-prevails-in-jury-verdict-based-on-interpretation-of-unique-securities-fraud-instruction/


The SEC’s enforcement priorities are unlikely to be deterred by a single jury’s fact-specific and idiosyncratic verdict. If anything, the Audet jury’s verdict may garner a reaction from regulators that swings in the opposite direction. Yet this case raises important questions about whether the courts or Congress might provide greater clarity about the interpretation of the Howey factors—especially as cases involving digital assets are litigated in other state and federal courts.

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Golly I guess I should check to be sure that was a real case as well!! It oddly sounds similar to what just happened with the Babikian exoneration.
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IRUKE -
https://www.scribd.com/document/261925962/GAW-engagement-offshore

I guess Dubai comes into play with this crypto stuff. Wasn’t there something with FTX and DUBAI?


Wasn’t it thought at one point Babs was in Dubai?