ParagonCoin registration in US revoked over securities laws violation
ParagonCoin violated section 13 (a) of the Securities Exchange Act of 193 and Exchange Act Rules 13a-1, according to the securities regulator.
ParagonCoin violated section 13 (a) of the Securities Exchange Act of 193 and Exchange Act Rules 13a-1, according to the securities regulator.
Jayceon Taylor, popularly known as The Game, promoted ParagonCoin, a blockchain project that claimed to be out to change the world of cannabis but collapsed under the weight of legal battles.
Investors in ParagonCoin, one of the many scams that sprung up in the 2017 ICO mania, are set to recoup a small share of the money they lost when it went bust.
Jessica VerSteeg, along with husband Egor Lavrov, pioneered the ParagonCoin ICO in 2017, at the peak of the ICO craze.
A California federal court has given class certification to a lawsuit against ParagonCoin, a company that raised $70m in its ICO to target cannabis industry.
Airfox and ParagonCoin are among the culprits, breaking the terms of their settlement agreements with the SEC.
After failing to attract the business it had hoped for, ParagonCoin has no choice but to ditch its offices.