RATE Group | SEC Lays Charges in US$30 Million Fake Cryptocurrency Scheme
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SEC Lays Charges in US$30 Million Fake Cryptocurrency Scheme

22 Jan SEC Lays Charges in US$30 Million Fake Cryptocurrency Scheme

Posted at 09:13h in Cryptocurrency News by

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Convicted criminal Boaz Manor and his business associate were charged with violating sections of the federal securities laws with a fake ICO.

In a case complete with disguises, aliases and a former convict, the US Securities and Exchange Commission (SEC) has charged two people who conducted a fake initial coin offering (ICO) that raised US$30 million.

On Friday (January 17), Boaz Manor, his business associate Edith Pardo and their two businesses, CG Blockchain and BCT, were charged with violating the anti-fraud and securities registration provision of the federal securities laws.

As a part of the charges, the federal agency is aiming to have Manor and Pardo repay the ill-gotten cash plus interest and wants to bar the pair from any future executive roles within public companies.


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