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Bitcoin Skyrockets As Crypto Starts Massive RallyThe settlement resolves charges from a scheme that preyed on students enrolled in Sewell's online crypto trading course, �the American Bitcoin. crypto trading course known as the American Bitcoin Academy. The SEC alleges that the fraudulent scheme cost 15 students $ million. 2/2/ SEC v. Lee. The founder of the American Bitcoin Academy was charged with crypto fraud by the Securities and Exchange Commission on February 2.