NY-AG v. Uphold HQ, Inc.

Uphold HQ, Inc. allegedly promoted a fraudulent cryptocurrency investment scheme orchestrated by Cred, LLC and its Chief Executive Officer, Daniel Schatt. Uphold appears to have misleadingly promoted CredEarn to its customers, advertising it as a reliable savings product when Cred was reportedly making risky loans. Additionally, Uphold allegedly promoted CredEarn without registering as either a broker or commodity broker-dealer.

Summary generated from official New York Attorney General press release