SEC v. Cast Your Nets Ministries

Cast Your Nets Ministries, CYNM Consulting, Phillip Trujillo, and Jeremy Hammonds allegedly violated the federal securities laws by, among other things, conducting a fraudulent and unregistered securities offering, according to the SEC. The SEC is seeking documents and testimony related to the structure and business of those entities and the crypto asset advertised on the Cast Your Nets Ministries’ website.

Summary generated from official Securities and Exchange Commission press release