SEC fees former corrections officer for position in weird crypto rip-off

John A. DeSalvo, a former lieutenant on the New Jersey Division of Corrections, has been charged by the U.S. Securities and Change Fee (SEC) for orchestrating a crypto rip-off that particularly focused law enforcement officials and first responders.

In line with the Aug. 23 announcement, DeSalvo allegedly raised $623,388 from 222 traders by means of gross sales of his personal Blazar token from November 2021 to Could 2022. DeSalvo proclaimed Blazar would “change conventional state pension programs” for police, firefighters, and paramedics alike, thereby offering profitable returns. DeSalvo allegedly advised traders:

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