The Securities and Exchange Commission has charged a man and two companies for operating fraudulent initial coin offerings.
According to a statement released Friday, the financial watchdog alleges
The SEC said REcoin misled investors, saying it had a "t
"Investors should be wary of companies touting ICOs as a way to generate outsized returns," said Andrew Calamari, director of the SEC’s New York regional office."As alleged in our complaint, Zaslavskiy lured investors with false promises of sizeable returns from novel technology."
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