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SEC Charges Convicted Criminal And Associates For $30M Fraudulent ICO

Janelle Fox

Summary: The United States Securities and Exchange Commision (SEC) has charged a group of criminals for raising over $30 million through a fraudulent initial coin offering (ICO). According to a press release on Jan. 12, the SEC Charged convicted criminal Boaz Manor, his business associate, and two businesses, CG Blockchain Inc. and BCT Inc. SEZC, with ...

The United States Securities and Exchange Commision (SEC) has charged a group of criminals for raising over $30 million through a fraudulent initial coin offering (ICO).

According to a press release on Jan. 12, the SEC Charged convicted criminal Boaz Manor, his business associate, and two businesses, CG Blockchain Inc. and BCT Inc. SEZC, with violating the antifraud and securities registration provisions of the federal securities laws.

According to the SEC’s complaint, between August 2017 and September 2018, the defendants marketed and sold digital asset securities in an attempt to develop technologies for hedge funds and other investors in digital assets.

By Janelle Fox

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Link: SEC Charges Convicted Criminal And Associates For $30M Fraudulent ICO   [Copy]
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