Category «ICO news»

Rapper The Game facing $12M judgment along with execs in ICO case

cointelegraph.com 25 June 2021 07:40, UTC Los Angeles-based rapper The Game, also known as Jayceon Taylor, is facing a $12 million judgment for his role in Paragon Coin Inc — a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago. Taylor publicly endorsed the Paragon Coin ICO on …

SEC Settles with ICO Issuer for $7.6 Million

u.today 22 June 2021 18:05, UTC The U.S. Securities and Exchange Commission (SEC) has settled fraud charges brought against Loci Inc. and CEO John Wise, the agency announced Tuesday.   The initial coin offering issuer has agreed to fork out a $7.6 million civil penalty. The SEC accused Loci—which raised $7.6 million from August 2017 …

U.S SEC Settles Charges With LOCIcoin, An ICO That Raised $7.6M in 2017

coinfomania.com 22 June 2021 16:08, UTC The United States Securities and Exchange Commission (SEC) has announced settlement charges against Loci Inc and its CEO, John Wise, for misleading investors into purchasing its cryptocurrency in 2017. According to a press release today, Loci raised $7.6 million via the sale of its native cryptocurrency dubbed LOCIcoin from …

SEC Is Still Going After Those 2017 Ethereum Token ICOs

decrypt.co 22 June 2021 15:46, UTC After slapping Block.one with a $24 million penalty in 2019 for its $4 billion initial coin offering of EOS and then nipping the $1.2 billion Telegram ICO in the bud in 2020, the Securities and Exchange Commission has gone back to picking off smaller projects that are on life …

ICO issuer charged with fraud by SEC for selling unregistered security

cointelegraph.com 22 June 2021 15:45, UTC The United States Securities and Exchange Commission, or SEC, has charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an unregistered security offering conducted between August 2017 and January 2018, offering further evidence that regulators were still targeting initial coin offerings from the last …

US SEC Charges Three Individuals Allegedly Tied to a $30 Million ICO Fraud

www.financemagnates.com 15 June 2021 22:53, UTC The US Securities and Exchange Commission (SEC) announced on Tuesday that three other individuals had been charged in a $30 million initial coin offering (ICO) fraud. According to the press release, defendants Ali Asif Hamid of Oakville, Ontario, Canada, Michael Gietz of Idaho Falls, Idaho, and Cristine Page of …