The Enforcement Division of the Texas State Securities Board has issued an immediate cease and desist order to LeadInvest, which was a platform that allowed investors to “earn interest on the crypto market.” According to the order, LeadInvest was targeting investors in Texas and was failing to both disclose the background and qualifications of its team members, and the liabilities associated with its mining and lending operations. The team associated with the project is also non-existent, with stock photos being used in conjunction with fabricated names. The largest red flag for the Texas State Securities Board was the fact that the platform was offering unlicensed securities for sale, and therefore violating most of the Texas Securities Act. The LeadInvest website is loaded with “get-rich-quick” language promising interested parties incredible returns, and that “zero” cryptocurrency experience is required to get involved. After a light attempt at explaining the cryptocurrency market, the team is presented along with a call to action informing investors of getting started even with just a few cents.