The Securities and Exchange Commission (SEC) has once again filed fraud charges against a crypto operation. The SEC alleges that MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, Jr. (aka Junior Caputti or Capuci) and Emerson… Read More
The Securities and Exchange Commission has settled charges against NVIDIA (NASDAQ:NVDA) regarding allegations of inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. Without admitting or denying the SEC’s findings, NVIDIA has agreed to a cease-and-desist order and to pay a $5.5… Read More
The Securities and Exchange Commission (SEC) has filed charges regarding allegations of a fraudulent initial coin offering (ICO). According to the SEC, Crowd Machine, Inc. and Metavine, Inc., allegedly sold unregistered digital asset securities. The SEC also charged Craig Spoule, an Australian citizen, as orchestrating… Read More
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
The Securities and Exchange Commission (SEC) has halted two token offerings by American CryptoFed DAO LLC, a Wyoming-based organization. According to the SEC, the Division of Enforcement alleges that in September American CryptoFed filed a “materially deficient and misleading registration form known as a Form… Read More
The Securities and Exchange Commission (SEC) today sanctioned eight firms in three actions for failures in their cybersecurity policies. The companies were also penalized for faulty procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each… Read More
In what may be the first of many, the Securities and Exchange Commission has announced charges against Poloniex for operating an unregistered digital asset exchange. Poloniex has settled with the SEC by agreeing to pay a $10.4 million penalty. Poloniex settled without admitting or denying… Read More
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
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
A real estate settlement services company has run afoul of the Securities and Exchange Commission (SEC) for not properly acting on security vulnerabilities when first aware of them. On June 15 the SEC said they have settled charges against First American Corporation for disclosure controls… Read More
The Securities and Exchange Commission (SEC) has filed charges against Kristijan Krstic, founder of Start Options and Bitcoiin2Gen, and John DeMarr, said to be the primary U.S.-based promoter for these companies, for fraudulently induced investors to buy digital asset securities. The complaint states that Krstic… Read More
Virgil Capital LLC, directed by Stefan Qin, and its “flagship” cryptocurrency trading fund, Virgil Sigma Fund LP have been hit by fraud charges leveled by the US Securities and Exchange Commission (SEC). Simultaneously, the SEC has obtained an emergency asset freeze related to the charges,… Read More
John McAfee, a blockchain advocate and former software entrepreneur that created McAfee ant-virus software, is the target of a Securities and Exchange Commission (SEC) enforcement action pertaining to the promotion of initial coin offerings (ICOs). The civil action by the SEC was joined by criminal… Read More
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
Telegram, the fast-growing social network that attempted to raise funds via a digital asset offering, has decided to settle an enforcement action initiated by the Securities and Exchange Commission (SEC). According to a release, the SEC has obtained court approval of a settlement with the… Read More
Jack Abramoff is making headlines once again. The notorious political lobbyist has been charged with fraud by the Securities and Exchange Commission (SEC) in an unregistered offering of AML Bitcoin (ABTC). Abramoff, along with NAC Foundation (National Aten Coin) and its CEO Marcus Andrade allegedly… Read More
BitClave, a blockchain-based firm that completed an initial coin offering (ICO) for “Consumer Activity Tokens” (CAT) in 2017, has agreed to return investor money, according to the Securities and Exchange Commission (SEC). This is just the latest ICO that has had to backtrack on a… Read More
The Securities and Exchange Commission (SEC) has appointed Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit, a specialized unit that focuses on protecting investors and markets from cyber-related misconduct. Littman succeeds Robert Cohen, who left the Commission in August 2019. Cohen was… Read More
Securities and Exchange Chairman Jay Clayton has published the name is his executive staff. The SEC announced that John Cook, Jeffrey Dinwoodie, Raquel Fox, Kristina Littman, Alan Cohen, Christopher Carofine, and Shelby Begany Telle have been named to the executive staff of Chairman Jay Clayton…. Read More
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