United States crypto-focused law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme. The court documents were published to the Silver Miller website Dec. 26.

The case — which has been filed at the Court of the Southern (NYSE:SO) District of New York on behalf of multiple plaintiffs who invested in the scheme — alleges that Jeremy Spence, alongside a small cohort of accomplices, orchestrated a fake entity called “Coin Signals.” Spence is alleged to have deceptively represented himself as a successful crypto trader. He reportedly offered investors in his scheme “lucrative returns” that he claimed were generated by the series of crypto hedge funds he purported to be managing.

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