It comes just two weeks after the Insolvency Service secured a winding-up order against Amey’s firm in the United Kingdom High Court on April 30.
United Kingdom authorities have officially shut down a crypto academy, claiming the founder used it to “recklessly persuade” people to partake in loss-making investment schemes, including an alleged $1.7 billion crypto “Ponzi.”
According to the United Kingdom government agency The Insolvency Service, Amey Finance Academy offered advice to people looking to invest in various cryptocurrency schemes. However, some customers lost their entire investments based on misleading promises made by the firm’s sole director and shareholder.
In WhatsApp messages seen by investigators, Amey allegedly told one customer that their investments were a “100 certy” and to “trust me bro.”
