Sentences with phrase «fraudulent initial»

In addition to that, the US Securities and Exchange Commission stopped a fraudulent initial coin offering for the first time.

This educational stance possibly marks a new policy approach from Chinese authorities, focusing attention not on the activities themselves, but on providing «risk - tips» for their citizens regarding the dangers of virtual currency and fraudulent Initial Coin Offerings.

The Securities and Exchange Commission has charged two founders of a fraudulent initial coin offering (ICO) that raised more than $ 32 million from thousands of investors last year.

The most common ones in the cryptocurrency investment space are high yield investment schemes (HYIPs), which promise high daily or weekly returns but are nothing more than Ponzi schemes and fraudulent initial coin offerings, where the perpetrators raise funds for a fictitious blockchain project and then disappear with the money as it was the case with Confido.

According to an official statement from the U.S. Securities and Exchange Commission (SEC), the independent agency has charged two individuals «with orchestrating a fraudulent initial coin offering (ICO) that raised more than $ 32 million from thousands of investors last year.»

The U.S. Securities and Exchange Commission has halted an initial coin offering and charged its founders with «orchestrating a fraudulent initial coin offering,»...

The Securities and Exchange Commission obtained a court order halting an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund what it claimed to be the world's first «decentralized bank.»

Expanding a broad crackdown on fraudulent initial coin offerings, U.S. regulators have sent a number of subpoenas to firms they suspect might be violating securities laws, said a person with direct knowledge of the matter.

In others, they create a fake company and raise money for a fraudulent initial coin offering (ICO), before disappearing.

The US Securities and Exchange Commission announced today that it has obtained a court order to halt an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund AriseBank, claiming to be the world's first «decentralized bank.»

The United States» Securities and Exchange Commission (SEC) announced earlier this week that their new division, the Cyber Unit, filed their very first complaint against a fraudulent initial coin offering (ICO).

The U.S. Securities and Exchange Commission has halted an initial coin offering and charged its founders with «orchestrating a fraudulent initial coin offering,» the regulator said Monday night.

The SEC complaint claims Centra Tech co-founders, Sohrab «Sam» Sharma and Robert Farkas, orchestrated a fraudulent initial coin offering (ICO) to dupe gullible investors out of $ 32 million, as per a report from Gizmodo.

Recently, the freshly minted Cyber Unit of the United States Securities and Exchange Commission showed its teeth when it obtained an emergency court order to stop an allegedly fraudulent Initial Coin Offering involving a Quebec - based company, PlexCorps, its founder Dominic Lacroix and his partner, Sabrina Paradis - Royer.

On Dec. 4, the freshly minted Cyber Unit of the United States Securities and Exchange Commission showed its teeth when it obtained an emergency court order to stop an allegedly fraudulent Initial Coin Offering involving a Quebec - based company, PlexCorps, its founder Dominic Lacroix and his partner, Sabrina Paradis - Royer.

As a result, fraudulent Initial Coin Offerings (ICOs) and digital currency schemes could be seen as detrimental to the reputation of honest actors that exist within the industry.

Most recently, the agency brought charges against an additional defendant involved in the fraudulent initial coin offering (ICO) scheme conducted by Centra Tech Inc..

The Securities and Exchange Commission said Tuesday that it had halted what may have been a fraudulent initial coin offering that asked people to fund what was supposed to be the world's first «decentralized bank.»

Australia's financial watchdog has become the latest regulatory institution to go after fraudulent initial coin offerings (ICOs).

The commission has increased its efforts to crack down on fraudulent initial coin offerings, which tend to promote their potential returns to investors and have attracted billions of dollars globally.

Expanding a broad crackdown on fraudulent initial coin offerings, U.S. regulators have sent a number of subpoenas to firms they suspect might be violating securities laws, said a person with direct knowledge of the matter.

Not exact matches

In a move that should be welcomed by anyone serious about innovation in financial technology, the Securities and Exchange Commission announced Friday that it would prosecute the creator of two stock - like «ICOs,» or Initial Coin Offerings, which it alleges were sold on the basis of fraudulent claims.

A representative for the company behind the long - in - the - making KODAKCoin initial coin offering (ICO) has accused a Hong Kong - based cryptocurrency exchange of «fraudulent» behavior...

That is, it is accepted that the initial loan is deemed fraudulent and they are given the option of exchanging their prior payments for giving up the house.

This is one of the strongest indicators of a fraudulent account, and it often only becomes apparent after initial contact has been made.

Amazon's initial action wasn't too popular with readers or authors, though, as their efforts at curbing fraudulent reviews also meant your college roommate or a co-worker might not be able to leave a review, no matter how honest those individuals were in their assessment of the book.

When you suspect fraudulent activity and need to report identity theft, contact one of the credit reporting companies and request that it place an initial fraud alert on your credit report.

Initial projects have focused on predicting fraudulent activity in relation to claims, the likelihood of disputes going to trial or to settlement, and potential litigation outcomes».

During your free - of - charge initial consultation, our Boston Qui - Tam Attorneys will explain the process of filing a Whistle - blower Lawsuit and the Whistleblower Protections available at law for those bringing the fraudulent behavior of financial institutions into the light.

If you or your business are the victim of fraud or facing fraudulent claims, please contact Gilbertson Davis LLP for an initial consultation.

While obviously fraudulent claims will be rooted out by any robust initial review procedure there are many cases with elements that should cause concern that do slip through this process.

Gaze Coin ICO (initial coin offering) will start on 28th Nov 2017 which also comes with a smart contract in case of avoiding any fraudulent purchases.

As Initial Coin Offerings are rising in popularity, experts are advising investors to be careful about fraudulent token sales.

In its complaint, the US regulator said that it had to take an emergency action to stop Lacroix, a recidivist securities law violator In Canada, and his partner Paradis - Royer from further misappropriation of investor funds illegally raised through the fraudulent and unregistered offer and sale of securities called «PlexCoin» or «PlexCoin Tokens» in a purported «Initial Coin Offering».

US regulators have expanded on their probing of Initial Coin Offerings (ICOs) that have raised red flags as fraudulent.

Initial Coin Offerings (ICOs) that were earlier a big hit in the first half of 2017, later lost the momentum of attracting credible investors as many fraudulent schemes came to the surface.

Fraudulent ICOs Initial Coin Offerings, or ICOs, have become increasingly popular over the past year.

In the wake of fraudulent ICO activity and regulatory crackdown, the DAICO fundraising concept combines aspects of a Decentralized Autonomous Organization (DAO), with traditional features of an Initial Coin Offering (ICO).

The US Securities and Exchange Commission (SEC) filed charges against the Centra Tech initial coin offering (ICO) on Monday, alleging that the token sale — which was promoted by legendary boxer Floyd Mayweather — was a fraudulent securities offering.

Jay Clayton, the chairman of the Securities and Exchange Commission, said contrary to speculation, the SEC does not believe that all initial coin offerings are fraudulent.