SEC wins $700,000 illegal ICO case against Blockvest
A U.S. federal court has ordered the company and its founder to pay $700,000 in disgorgement of ill gains and civil penalties.
Latest Blockvest News
Blockvest founder might be headed straight to jail
A judge determines that the amount of fraud and lies perpetrated by the blockchain-based asset manager are overwhelmingly impactful.
Blockvest spared default judgment in SEC fraud case
The project was sued by an elderly couple who had lost money in its initial coin offering (ICO).
Blockvest lied in court about ICO, SEC says
The company’s founder committed perjury and tried to get others to do the same.
US appeals court approves injunction against Blockvest
Last November, the U.S. Securities and Exchange Commission (SEC) requested an injunction against Blockvest, a blockchain assets group, after determining that it was violating securities law. The courts decided that the SEC didn’t have a case and dismissed the charges.
ICO falsely claiming SEC approval faces lawsuit
In the latest example of the SEC ramping up efforts against scam coins and ICOs, the commission petitioned a court to secure an emergency order against Blockvest LLC and its founder, Reginald Buddy Ringgold III.