The Globe and Mail reports in its Saturday edition that Liquid MarketPlace says it sells investors portions of rare collectibles like sports trading cards using crypto technology, but the Ontario Securities Commission alleges the company is in fact a "multi-layered fraud." The Globe's Jameson Berkow writes that the OSC's Capital Markets Tribunal said Friday it will hold a hearing next month on allegations that the company's three top executives -- Ryan Bahadori, Amin Nikdel and Dennis Domazet -- illegally diverted millions of dollars in investor funds to themselves, then lied to OSC staff when questioned about their income. The three each face up to $7-million in fines alongside other penalties. LMP raised more than $10-million, of which the OSC alleges roughly $3-million was misappropriated for the personal enrichment of the three insiders. Mr. Bahadori, chief executive officer, also used company credit cards and funds "to pay for nearly half a million dollars worth of personal expenses including high-end fashion, expensive jewellery and watches, personal health and spa services," the OSC alleges. The company sells "LMP Tokens" for 10 cents each, which it claims represent fractional ownership of a certain collectible.