Morocoin Tech Corp.; Berge Blockchain Technology Co., Ltd.; Cirkor Inc.; AI Wealth Inc.; Lane Wealth Inc.; AI Investment Education Foundation Ltd.; Zenith Asset Tech Foundation
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26453 / December 22, 2025
Securities and Exchange Commission v. Morocoin Tech Corp., et al., No. 25-cv-04102 (D. Colo. filed Dec. 22, 2025)
SEC Charges Three Purported Crypto Asset Trading Platforms and Four Investment Clubs With Misappropriating $14 Million From Retail Investors
The Securities and Exchange Commission today filed charges against purported crypto asset trading platforms Morocoin Tech Corp.; Berge Blockchain Technology Co., Ltd.; and Cirkor Inc. and investment clubs AI Wealth Inc.; Lane Wealth Inc.; AI Investment Education Foundation Ltd. (“AIIEF”); and Zenith Asset Tech Foundation alleging that they defrauded retail investors of at least $14 million in an investment confidence scam.
According to the complaint, from at least January 2024 to January 2025, AI Wealth, Lane Wealth, AIIEF, and Zenith operated so-called investment clubs using WhatsApp and solicited investors to join the clubs with ads on social media. The clubs gained investors’ confidence with supposedly AI-generated investment tips before luring investors to open and fund accounts on purported crypto asset trading platforms Morocoin, Berge, and Cirkor, which falsely claimed to have government licenses, as alleged. The investment clubs and platforms then allegedly offered “Security Token Offerings” that were purportedly issued by legitimate businesses. In reality, no trading took place on the trading platforms, which were fake, and the Security Token Offerings and their purported issuing companies did not exist, according to the complaint. When investors tried to withdraw their funds, the complaint alleges that the defendants further defrauded victims by demanding that they pay advance fees. In all, the defendants misappropriated at least $14 million from U.S.-based retail investors and funneled those funds overseas through a web of bank accounts and crypto asset wallets, as alleged.
The complaint, filed in the United States District Court for the District of Colorado, charges Morocoin, Berge, and Cirkor with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and charges AI Wealth, Lane Wealth, AIIEF, and Zenith with violating Sections 17(a)(1) and (3) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The SEC seeks permanent injunctions and civil penalties against all of the defendants, and disgorgement with prejudgment interest against Morocoin, Berge, and Cirkor.
The SEC’s investigation was conducted by Devlin N. Su of the Cyber and Emerging Technologies Unit, with assistance from Thomas Bedkowski of the Cyber and Emerging Technologies Unit and Crystal Boodoo of the Philadelphia Regional Office. The investigation was supervised by Norman P. Ostrove and Laura D’Allaird of the Cyber and Emerging Technologies Unit, and Scott A. Thompson of the Philadelphia Regional Office. The litigation will be led by Christopher R. Kelly and supervised by Gregory Bockin of the Philadelphia Regional Office.
The SEC’s Office of Investor Education and Assistance has issued an investor alert warning investors that fraudsters may use popular social media platforms and messaging apps to lure investors into scams, and never to rely solely on information from group chats in making investment decisions. The SEC encourages investors to use Investor.gov to check the background of anyone offering or selling them an investment.