Colorado Division of Securities Has Filed Twenty Cases Against Allegedly Fraudulent ICOs
Colorado Securities Commissioner Gerald Rome has now signed orders for eighteen initial coin offerings directing the cessation of offering these unregistered securities in the state of Colorado. There are at least two more orders pending. The orders are the result of investigations by an “ICO Task Force” convened within the Division, part of the Department […]
First ICO Fraud Case Ends in Guilty Plea
The first fraud prosecution involving initial coin offerings ended in a guilty plea when a New York man admitted lying to about 1,000 investors. Maksim Zaslavskiy, 39, told a judge he sought to raise money for two ICOs backed by investments in real estate and diamonds that didn’t exist — a scam the U.S. called an […]
