The securities class action lawsuit was filed in the U.S. District Court for the Northern District of Georgia on Thursday (November 1st), with damages exceeding $5 million, not including attorneys fees and court costs. In total, 25 different investors are claiming that T.I. (aka Clifford Joseph Harris Jr.) and partner Ryan Felton raised millions for the crypto launch. But the duo apparently made false representations and violated multiple laws, including numerous violations of federal and state securities laws.
Source: Investors Say T.I. Scammed Them Out of Millions With a Worthless Cyptocurrency