Yesterday, an immediate cease and desist was ordered by the Texas State Securities Board to the website leadinvest.net. The board is citing that the company has failed to disclose the appropriate information in regards to its cryptocurrency mining, and it’s cryptocurrency specialists in the company. The company is also being accused of selling fraudulent unlicensed securities. You can view the full order here: Cease and Desist Order

The order against Leadinvest.net is primarily focused on the website’s management team and the photos that represent the team on its website.

Source: CoinTelegraph

The report reads:

“The LeadInvest Website represents Simone Roger is responsible for business development, marketing, and operations. The LeadInvest Website provides a photograph that purports to portray Simone Roger. The photograph that purports to portray Simone Rogers is a photograph of a [name redacted], an attorney licensed to practice law in Texas that has no affiliation with Respondent LEADINVEST.”

As the letter progresses, it reads almost the same exact thing, citing that these staff photos are stock images or images taken of people that aren’t associated with the company.