Meet the Hedge Fund Manager Cracking Down on Crypto Investment Fraud [INTERVIEW]

When Dan Neves started a hedge fund for cryptocurrency investors, he didn't do it with the goal of helping the government crack down on fraud, but that's exactly what he and his team are doing.

Neves' hedge fund, Investors of Crypto, is still young and just started this year.

Neves was doing his best to be legally compliant despite occasionally murky laws governing cryptocurrency investment.

Neves volunteered that he would send any bad actors in the investment space to the Texas State Securities Board since he encountered a lot of shady offers as a hedge fund manager.

When someone from the company reached out to discuss using his hedge fund to transfer money from investors to DigitalBank, Neves was convinced it was too good to be true.

Neves said during the interview that the process of evidence-gathering takes time, and that he wants to be sure of what he has before taking it to Rotunda.

"I'm not always Dan Neves, CEO of Investors of Crypto. Sometimes I'm a good ol' boy from Alabama, you know, an oil tycoon or something."

Neves said he's well aware of how its "Possible for the average Joe to make money in crypto, but its also possible for them to lose everything overnight," and that he wants to keep that from happening with new, possibly naive investors by hunting possible scammers.

In email correspondence between the two of them provided by Neves, Rotunda said Neves was "Literally acting as the first line of defense in the pursuit of investor protection," and that his evidence "May well have saved an untold number of people from falling victim to fraud."

The learning academy will be funded by a security token offering in December 2018.As for the immediate future, Neves has plans to attend cryptocurrency gatherings and conventions like the upcoming Token Forum event in Seattle this November to speak on the subject of building trust and transparency in the world of cryptocurrency investment.