US regulator charges Latvian man involved in $7M ICO scams

The U.S. Securities and Exchange Commission (SEC) has filed charges against a Latvian man accused of orchestrating two digital currency scams. The first related to a digital currency debit card while the second was a fake block reward mining project token sale. In a press release, the SEC revealed it had filed a civil complaint in the Eastern District of New York against Ivars Auzins. According to the regulator, Auzins allegedly defrauded hundreds of investors and took off with at least $7 million through two unregistered digital asset securities offerings.…