Original sentence: Securities and Exchange Commission (US SEC) termed New Utopia a "fraudulent nationwide Internet scheme", finding that Long had raised US$24,000 from the sales of securities in the enterprise.The Principality of New Utopia is a micronation project established and operated by Lazarus Long (a
Edited sentence: SEC found that Long had raised US$24,000 from the sales of securities in the enterprise.SEC), a micronation investment scam established and operated by Lazarus Long (a.Securities and Exchange Commission (U.The Principality of New Utopia was, according to the U