Neweraeducation.com Cease and Desist Order - $1.4M Cryptocurrency Scam

The Arkansas Securities Commissioner issued a Cease and Desist Order against Neweraeducation.com finding the entity violated provisions of the Arkansas Uniform Money Services Act. The order documents that New Era operated an unlicensed cryptocurrency trading platform that falsely claimed partnerships with Blackstone, Coinbase, and J.P. Morgan, and used fake personas to lure investors. An Arkansas customer (AR1) was defrauded of over $1.4 million through a scheme involving cryptocurrency deposits and fabricated daily interest accruals. When AR1 attempted to withdraw funds, New Era demanded additional verification payments.\n\nThe order requires New Era to immediately cease and desist from engaging in the business of money transmission in Arkansas without proper licensure. Financial institutions and investors should be aware that New Era is not licensed with the Arkansas Securities Department and the documented conduct constitutes securities and money transmission violations under Arkansas law.