The U.S. Securities and Exchange Commission has taken decisive action against a sophisticated Ponzi scheme that preyed upon the Latino community, ensnaring over 40,000 victims and amassing a staggering $300 million. Targeting 10 U.S. states and two other nations, the scheme falsely promised lucrative returns through crypto and other investments. While two defendants have settled, the SEC has charged a total of 17 individuals, including leaders Mauricio Chavez and Giorgio Benvenut. Gurbir Grewal, SEC Enforcement Director, emphasized the pursuit of justice against all involved in perpetrating such egregious fraud, underscoring the agency's commitment to safeguarding investors against deceptive schemes.