SEC Sues Chicago Crypto Capital for $1.5 Million Investment Fraud

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Chicago Crypto Capital LLC (CCC), alleging a $1.5 million investment fraud. This action, initiated on September 14th and 15th, 2025, targets CCC, its owner Brian Amoah, and former salesmen Darcas Oliver Young and Elbert “Al” Elliott for allegedly selling unregistered crypto-based securities.

According to the SEC complaint, Chicago Crypto Capital (sometimes called CCC) and its employees functioned as illegal broker-dealers by offering and selling at least $1.5 million of crypto-based securities without proper registration. The lawsuit alleges that Brian Amoah, Darcas Oliver Young, and Elbert Al Elliott engaged in unregistered broker-dealer activity.

The alleged investment fraud involves crypto tokens issued by Saint Kitts and Nevis-domiciled Beaxy Digital Ltd. The SEC charges that Chicago Crypto Capital, Brian Amoah, Darcas Oliver Young, and Elbert Elliott violated securities laws by soliciting investors without registering as broker-dealers. The case highlights the SEC's continued efforts to regulate the cryptocurrency market and protect investors from fraudulent schemes.

This lawsuit against Chicago Crypto Capital LLC underscores the importance of due diligence when investing in cryptocurrency and the potential risks associated with unregistered securities offerings.