Thoughts Capital has acquired a securities fraud emergency stop and desist order from Texas.
As per the Texas State Securities Board’s order, Thoughts Capital (Thoughts Capital OU, Thoughts Capital Tech SL) is just not registered to supply securities in Texas.
The investments within the crypto-fiat arbitrage buying and selling program are securities.
Respondents haven’t been registered with the Securities Commissioner as a seller or agent at any time materials hereto.
The investments in (Thoughts Capital’s) crypto-fiat arbitrage buying and selling program haven’t been registered by qualification, notification, or coordination at any time hereto, and no allow has been granted for his or her sale in Texas.
Respondents are violating … the Securities Act by providing securities on the market in Texas with out being registered.
(Thoughts Capital’s) referral plan operates like a “pyramid scheme”.
Texas’ 
stop and desist order extends to Thoughts Capital executives
- Gonzalo Garcia-Pelayo (proper, President and CEO)
- Oscar Garcia-Pelayo (Vice-President)
- Ruben Arcas (Community Building Advisor)
- Manuel Arniz (Enlargement Supervisor)
- Christina Kelly Lopez (Social Media Director) and
- Alejandro Mejia (Model and Artistic Director)
Thoughts Capital promoter Craig Kintzel (proper) can be named within the order.
Based mostly on his private Fb profile, Kintzel may be or have been concerned in Healy, QuiAri, Elepreneurs, Vasayo, and OneCoin.
A YouTube channel bearing the title Craig Kintzel includes a USI-Tech Ponzi promo, uploaded two years in the past.
Thoughts Capital and the opposite respondents have thirty-one days to answer Texas’ stop and desist order. Failing which, a everlasting injunction can be issued.
Whether or not the SEC are investigating Thoughts Capital at a federal stage is unknown.
BehindMLM reviewed Thoughts Capital in January 2020. Based mostly on its enterprise mannequin, we concluded the corporate was a Ponzi scheme.
Spain issued a securities fraud warning towards them on January thirteenth. Thoughts Capital formally denied partaking in securities fraud three days after.
Whether or not the corporate responds to Texas’ securities fraud stop and desist stays to be seen.