Golden Finance reported that according to DL News, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Touzi Capital and its CEO Eng Taing, accusing them of a $115 million unregistered securities issuance fraud. According to the complaint, from 2021 to early 2023, the defendants raised a total of approximately US$118 million by falsely promoting cryptocurrency mining and debt restructuring businesses, including US$95 million for crypto mining projects and US$23 million for debt restructuring projects, involving more than 1,500 people across the United States. investors. The SEC said Taing falsely promoted the projects as "stable and predictable" high-yield savings account investments when in fact the investments were "highly speculative and illiquid." The SEC alleges the defendants misappropriated investor funds for personal purposes and continued to solicit investors even after the business began to collapse. In fiscal year 2024, the SEC filed 583 enforcement actions and obtained a record $8.2 billion in financial compensation.