Renwick Haddow created ‘trendy’ companies and duped investors into thinking they were big successes, authorities in New York allege

US authorities on Friday charged a British businessman with securities fraud, accusing him of deceiving investors over what turned out to be a fake trading platform for the cryptocurrency Bitcoin.

The Securities and Exchange Commission (SEC) alleged “the clandestine” Renwick Haddow, a UK citizen living in New York, diverted funds invested in a phoney Bitcoin site as well as from a flexible workspace firm Bar Works into accounts in Mauritius and Morocco, totalling $5m.

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