MyConstant founder to pay $10 million to settle SEC charges that he misappropriated investor funds to buy UST

The U.S. Securities and Exchange Commission (SEC) disclosed that Huynh Tran Quang Duy (also known as Duy Huynh), the founder of the defunct lending platform MyConstant, agreed to pay more than $10.5 million to resolve allegations that he misappropriated investor funds to purchase UST.