Following affirmation the SEC is trying into TexitCoin, founder Bobby Grey claims to have met up with federal investigators within the UK.
Talking on an episode of the sarcastically named “Trustworthy Cash Hour” on Might twenty first, from what seems to be a moored luxurious yacht, Grey revealed he’d flown his spouse out for a go to.
[1:06] We’re gonna spend a few weeks collectively out right here, after which we get to return by means of London, England, as we meet up with counsel and sit down with our associates on the SEC which I’m very enthusiastic about.
“Right here” presumably refers to Singapore, Grey’s final identified location after leaving the US earlier this 12 months. Grey beforehand said he won’t return to the US till he was “a hundred percent positive that this factor shouldn’t be gonna devolve into felony costs.”
“This factor” refers to ongoing state-level TexitCoin fraud proceedings initiated by Texas, an ongoing SEC federal investigation into TexitCoin, and a query mark over a federal felony investigation.
What’s unclear is whether or not “return” refers back to the US or one other hideout location. Additionally unclear is whether or not the SEC will meet up with Grey within the UK or on-line.
The SEC doesn’t have a everlasting bodily workplace or workers presence within the UK.
With subpoenas having already gone out to Grey and high TexitCoin promoters, it’s assumed the SEC’s TexitCoin investigation is effectively underway. Nonetheless Grey framed the assembly as a chance to assist the SEC perceive
[1:43] what we’re doing, who we’re, what we’re doing, how we’re doing it, why we’re doing it. All that stuff – which they could or might not to date perceive.
TexitCoin was an unregistered MLM funding scheme constructed round Grey’s texitcoin cryptocurrency (TXC). Traders had been lured in on onerous representations by Grey that TXC would passively hit $16 by February 2026.
As of Might 2026, TXC is publicly buying and selling at round 12 cents. Pending the end result of the SEC’s investigation, TexitCoin sufferer losses are unknown.
Grey is believed to be funding his offshore life-style, together with authorized prices and flights all over the world together with his spouse, with misappropriated TextiCoin investor funds.
Getting again to “Trustworthy Cash”, Grey’s “I’m all the time the neatest individual within the room” schtick is a dependable fixed in TexitCoin investor communications.
[21:41] The world’s going digital. We’ve gotta transfer quick. We’ve solely acquired a lot time left earlier than, y’know, this greenback is finished utterly. We gotta get wealthy now.
Individuals have gotten wealthy in bitcoin and crypto. Crypto may simply be the most effective cash that planet Earth has ever seen. I’m the man for the job. You guys want me.
That’s once I began TexitCoin. So, um.
So once I began TexitCoin, and naturally I put it collectively in a vogue that appears rather a lot just like the tasks which have come earlier than it which have been busted, and have put individuals in jail. Uh, despatched individuals to jail.
So everybody’s like, “What are you doing? That’s gonna get busted, you’re gonna go to jail.” And I mentioned, “I don’t suppose so. I’ve studied this stuff.”
Along with Grey, TexitCoin insiders “Jay” and “Chris” had SEC conferences on Tuesday the twenty sixth and Thursday the twenty eighth of Might respectively.
