Perhaps it is bad timing, but Kelly is also facing a separate set of allegations of securities violations in South Carolina, where some investors have complained to have lost money in an alleged cryptocurrency scheme.
Taylor Faw, the assistant attorney general in the securities division of the South Carolina attorney general’s office, is leading the government action against Kelly’s cryptocurrency company, ShipChain. Sources claim that actions against the officers, including but not limited to Kelly, may come in the very near future.
**Update 7-26-18 South Carolina Attorney General’s Office files motion to vacate Cease & Desist Order – taken from the order “The order to vacate the cease & desist order notes “It does not and should not be interpreted to waive any future causes of action which may be brought as a result of any securities activities of Respondent, whether detailed in the Administrative Order to Cease & Desist or not.”**
