Sentences with phrase «fraudulent initial coin offerings»
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.
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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.
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.
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.»
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 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.
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 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 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.»
In others, they create a fake company and raise money for a fraudulent initial coin offering (ICO), before disappearing.
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.»
The U.S. Securities and Exchange Commission has halted an initial coin offering and charged its founders with «orchestrating a fraudulent initial coin offering,»...
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 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.
In addition to that, the US Securities and Exchange Commission stopped a fraudulent initial coin offering for the first time.
Not exact matches
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...
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.
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.