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Home»BLOCKCHAIN NEWS»The SEC is charged with Unicoin and executives for $ 100 million fraud.
BLOCKCHAIN NEWS

The SEC is charged with Unicoin and executives for $ 100 million fraud.

By Crypto FlexsMay 21, 20251 Min Read
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The SEC is charged with Unicoin and executives for $ 100 million fraud.
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The US Securities and Exchange Commission claimed that the cryptocurrency platform UNICOIN and three executives were made of false and misunderstandings for cryptographic assets that raised $ 100 million from investors.

The SEC said on May 20 that it was charged with an investor who was misunderstood for the unicoin CEO Alex Konanykhin, Silvina Moschini Board of Directors and former investor Alex Dominguez.

Mark Cave, the deputy director of the SEC’s execution department, said Trio used thousands of investors as a fictional promise that tokens would be supported by real assets, including international portfolios with valuable real estate.

relevant: The SEC encryption task force publishes the first report in the next few months.

“Real estate assets were worth only a portion of the company’s claim, and most of the company’s right to sell its rights was fantastic.

The dissatisfaction of the SEC filed in the Manhattan Federal Court was charged with Unicoin and three executives as violations of various securities laws and requested a permanent prohibition order relief while repaying disgraceful interests.

magazine: The U -turn of the SEC for encryption does not answer major questions.