Case summary
On July 1, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-21-3177-24-CO01) against Plutus Financial Holdings Inc.; Plutus Financial Inc.; Plutus Lending LLC; Abra Boost LLC; William “Bill” Barhydt,.
Order details
Order File: S-21-3177-24-CO01
Laws & Rules: RCW 21.20.140
Penalties/Remedies:
Cease and desist
Findings
Respondents offered and sold unregistered securities in the form of Abra Earn accounts, which are cryptocurrency accounts that earn interest.
This resolves a previous Statement of Charges.