Texas, Alabama securities regulators serve a casino NFT scheme cease-and-desists
The Texan securities regulator has issued an emergency cease and desist order to a metaverse investment scheme it has accused of being fraudulent The Texas Securities Commission is accusing Sand Vegas Casino Club, Martin Schwarzberger and Finn Ruben Warnke of illegally offering non-fungible tokens (NFTs) to create virtual casinos in metaverse venues like Sandbox, Decentraland, Infinity Void and NFT Worlds. The Alabama Securities Commission has filed a simultaneous cease and desist as well. Those named in the order have advised …