Businessman Behind Two Allegedly Fraudulent ICOs Busted by SEC

[kreslik.news]

Anyone who works in the financial industry knows that the regulators who are most vigilant and quick to act are the Americans. Now are given another example of this, as less than three days after announcing its new focus on ICO scams, the SEC has already revealed its first action.

On Friday the regulators charged businessman Maksim Zaslavskiy of defrauding investors in a pair of ICOs supposedly backed by investments in real estate and diamonds. The SEC alleges that Zaslavskiy and his two companies have been selling unregistered securities, and that their tokens don’t really exist.

According to the complaint, investors in ... (read more)