The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Geosyn Mining and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, alleging a series of fraudulent activities. This lawsuit, officially filed on April 24 in a federal court situated in Fort Worth, Texas, presents a serious accusation against Geosyn. According to The post US SEC Sues Geosyn Mining for $5.6M Fraud, Fake Rig Claims Exposed appeared first on CoinGape .