SEC makes first fraud charges against an initial coin offering
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The US Securities and Exchange Commission is accusing Maksim Zaslavskiy of of defrauding investors by misrepresenting a pair of ICOs as backed by investments in real estate and diamonds.
It's the first time the US securities regulator is issuing fraud charges related to an ICO.
The Securities and Exchange Commission has accused Maksim Zaslavskiy of defrauding investors through a pair of ICOs he misrepresented as backed by investments in real estate and diamonds.
Source: http://news.sky.com/story/sec-makes-first-fraud-charges-against-an-initial-coin-offering-11060385