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SEC Clamps Down On ‘Self-Styled Entrepreneur’ For Using $364K Crypto Investor Funds For Personal Expenses

Entrepreneur Diana Mae Fernandez is facing charges from the Securities and Exchange Commission (SEC) for allegedly defrauding investors through promises of substantial returns from crypto investments while misappropriating the funds for personal use. What Happened: The SEC alleged that Fernandez conducted a fraudulent securities offering, reported The Block reported on Thursday. Fernandez, aged 37, lured investors with the promise of up to 63% returns by investing in cryptocurrencies, real estate, and a mix of private and publicly traded companies. The SEC, which has deemed her as a “self-styl…