Source: Blockonomi [UK]
“Bitcoin Latinum founder Donald G. Basile now faces federal fraud charges from the U.S. Securities and Exchange Commission. The SEC claims Basile and his two companies raised $16 million from hundreds of American investors through fraudulent crypto offerings. Regulators filed the complaint on April 17, 2026, in the Eastern District of New York. The charges center on false claims about insurance, asset backing, and the intended use of investor funds. The case revolves around the sale of Simple Agreements for Future Tokens, or SAFTs. These instruments promised investors the right to receive a crypto asset known as Bitcoin Latinum, or LTNM.” (04/19/26)