Tagged: ico

SEC Charges Latvian Citizen Ivars Auzins with $7 Million Crypto Fraud

The Securities and Exchange Commission (SEC) has charged Ivars Auzins, a citizen of Latvia with crypto asset fraud. The SEC states that the defendant also went under the names of Ron Ramsey and Daniel Gaines. According to a statement by the SEC, Auzins allegedly defrauded… Read More

Lendingblock Unveils New Boost Tier Requirements, Bronze Starts at 413,095 LND

Digital asset lending infrastructure developer Lendingblock this week released new requirements for their LND Boost tiers. They are effective Dec. 1. Boost tiers are staking devices that come with rewards, with greater benefits coming with the higher levels. They include higher earned interest rates and… Read More

SEC Charges Another ICO Issuer in Claim of Illegal Securities Offering

The Securities and Exchange Commission (SEC) has filed charges once again targeting an initial coin offering alleging the act was an unregistered security offering. According to the SEC, Rivetz Corp., Rivetz International SEZC, and Steven K. Sprague, the President of Rivetz and CEO of Rivetz… Read More

SEC is Suing Bitconnect Founder for $2 Billion Fraud [u]

Remember Bitconnect? If you do, well, it was fun while it lasted. If you need a reminder,  just watch this video below. BitConnect is emblematic of the pomposity and absolutely ridiculous heyday of the initial coin offering boom and ensuing bust. The whole thing collapsed… Read More

SEC Settles Charges Against Coinschedule.com Owner

The Securities and Exchange Commission (SEC) has settled charges against UK company Blotics, the operator of Coinschedule.com, a site that promoted digital securities offerings. Blotics was determined to have violated the anti-touting provisions of the federal securities laws by failing to disclose the compensation it… Read More

SEC Hits LOCI, CEO, With ICO Punishment

The Securities and Exchange Commission has settled charges against a software provider and its CEO for misleading investors about an unregistered offer and sale of digital asset securities. Loci, Inc. and its CEO John Wise allegedly violated the antifraud provisions of Section 10(b) of the… Read More

Crypto Advocate John McAfee Indicted for Fraud and Money Laundering. McAfee Allegedly Engaged in Crypto Pump and Dump Scams

John David McAfee, a well-known crypto proponent and founder of the McAfee antivirus firm, has been indicted in Federal court for fraud and money laundering. According to the United States Attorney’s Office for the Southern District of New York, McAfee and Jimmy Gale Watson, Jr,… Read More

ShipChain to Settle with the SEC Following $27.5 Million ICO of SHIP Tokens

The Securities and Exchange Commission (SEC) has accepted an offer to settle from ShipChain, a company that apparently raised $27.5 million in an initial coin offering (ICO) for SHIP tokens. The SEC states that ShipChain is a private company that was engaged in developing a… Read More

Court Orders Blockvest to Pay $696K Penalty for Unregistered Securities Offering in ICO

The United States District Court, Southern District of California, has filed a final judgment against Blockvest LLC and founder Reginald Buddy Ringgold. The order requires the defendants to pay a civil penalty of $332,370.99 along with a disgorgement of ill-gotten gains of $363,726.91 – including… Read More

SEC Charges Amir Bruno Elmaani, aka Bruno Block, for Unregistered ICO in Sale of Pearl Tokens

The Securities and Exchange Commission (SEC) has charged Amir Bruno Elmaani, aka “Bruno Block,” for conducting an illegal securities offering in an initial coin offering (ICO) and for a plan to profit by issuing millions of unauthorized tokens for himself at no cost and selling… Read More

Australia: Former Bitconnect Promoter John Bigatton Charged Following ASIC Investigation

Bitconnect, a legendary crypto scam that was exemplified by a viral video, has emerged once again as the Australian Securities and Investment Commission (ASIC) has announced charges against Bitconnect promoter John Bigatton following a long investigation. From August 2017 to January 2018, Bigatton was said… Read More

Where Did Kik Go Wrong? Former SEC Attorney Discusses Kik Settlement with SEC

    Recently, Kik settled a long legal battle with the Securities and Exchange Commission (SEC). In the end, Kik must pay a $5 million settlement pertaining to an initial coin offering (ICO) that was deemed to be an unregistered security offering. Additionally, for the… Read More

SEC Versus Kik Interactive to End in $5 Million Penalty

That's All Folks The End Final

The long saga of Kik Interactive’s battle with the Securities and Exchange Commission appears to finally be at an end. A document filed in US District Court today indicates that both sides have come to an agreement on a settlement with a $5 million penalty…. Read More

Former SEC Senior Counsel Comments on Kik Ruling: Kik Could Have Benefited From Traditional Capital Markets Lawyer

This past week, Kik, a company that raised over $100 million in an initial coin offering (ICO), lost a long legal battle with the Securities and Exchange Commission (SEC). The courts determined that Kik had raised capital in an unregistered securities offering thus transgressing securities… Read More

Kik Loses ICO Battle with the SEC

Kik, a company that raised around $100 million in an initial coin offering (ICO), has lost a battle with the Securities and Exchange Commission as it fought a claim the offering was in fact an unregistered security. In a court filing yesterday, Judge Alvin K…. Read More

SEC Commissioner Hester Peirce Comes to the Defense of Unikrn and ICO Settlement

Earlier today, the Securities and Exchange Commission (SEC) announced a settlement with Unikrn, a digital asset issuer that was deemed to have transgressed securities law in the offering of an unregistered security via an initial coin offering (ICO). Unikrn agreed to pay a $6.1 million… Read More

Unikrn Tokens are “Retired” as Company Settles with SEC Regarding Initial Coin Offering

Unikrn, a token issuer that attempted to remain compliant while issuing digital assets, has settled with the Securities and Exchange Commission (SEC) regarding allegations of an unregistered initial coin offering (ICO) of digital securities. Unikrn is an eSports and gaming platform launched in 2014. According… Read More

SEC Charges Film Producer Ryan Felton, Rapper/Actor Clifford Harris and Others for Participation in ICO Fraud

The Securities and Exchange Commission (SEC) has leveled charges pertaining to fraudulent initial coin offerings (ICO) against film producer Ryan S. Felton, rapper and actor Clifford Harris, Jr., or “T.I. or Tip,” and three others who apparently promoted one of Felton’s two unregistered and ICOs…. Read More

An “Investor Revolt” and Legal Dispute Might Further Delay Filecoin (FIL) Launch, Anonymous Investors Claim

An “investor revolt” and legal dispute might further delay the launch of Filecoin, a highly-anticipated cryptocurrency project that broke the all-time record of capital raised via controversial initial coin offerings (ICOs) when it secured $257 million+ by September 2017. (Filecoin’s record was later shattered by… Read More

Cannabis Crypto: Paragon Coin Class Action Lawsuit Poised to Move Forward

Paragon Coin, and its affiliated initial coin offering, is pretty emblematic of the ICO heyday when any token could raise money based largely on a white-paper and effective marketing campaign. While it is hard to accurately discern, Paragon issued the PRG token raising around $12… Read More

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