Tagged: recoin

New York Judge Presiding Over Crypto Fraud Case Decries Lack of Clear Regulation

A Brooklyn judge sitting a case of accused cryptocurrency fraud has expressed frustration over regulatory lag affecting his ability to judge the case. The accused, Maksim Zaslavskiy, was charged with fraud last November after SEC and FBI investigators alleged that he and REcoin Group Foundation,… Read More

RECoin ICO Creator Maksim Zaslavskiy Files Motion to Dismiss Lawsuit Stating Tokens are Not Securities & thus Not Regulated

Towards the end of last year, Maksim Zaslavskiy was hit with several lawsuits regarding an inital coin offering (ICO) that was deemed an unregistered security by the Securities and Exchange Commission (SEC) along with alleged acts of fraud. The SEC charged Zaslavskiy,  REcoin Group Foundation, DRC World, Diamond Reserve Club, … Read More

Bogus ICO Perp Faces Possible 5 Years in Jail for RECoin Offer that Did Not Really Exist

Crowdfund Insider reported last month about the RECoin Initial Coin Offering (ICO) that promised tokens backed by real estate that did not really exist. Maksim Zaslavskiy, the alleged mastermind behind a fraud launched from a series of companies including RECoin Group Foundation, DRC World and Diamond… Read More

Totally Bogus ICO Shut Down by SEC. RECoin Tokens Never Existed as SEC Claims Fraud.

The Enforcement Division of the Securities and Exchange Commission (SEC) has shut down an Initial Coin Offering (ICO) that claimed to allow investors to participate in an offer backed by diamonds and real estate. The SEC has charged REcoin Group Foundation, DRC World, Diamond Reserve Club, and Maksim… Read More