Aron Govil, CEO of Cemtrex Inc. and Telidyne Inc has defrauded users that his company is building an app , Teli App that will allow users to use cryptocurrency for transaction . He started the promotion from 2016 and went further to promise investors that the company has also started developing covid-19 vaccine. This made him to accumulate over $7 million from investors who bought the companies stock.
The SEC has shut down the company and the CEO Is facing lawsuit.
The SEC has shut down the company and the CEO Is facing lawsuit.