Ripple Founder Hit with Yet Another US Lawsuit, Sued for Securities Fraud

[kreslik.news]

For the third time in less than two months, a fresh lawsuit has been filed against the founders of Ripple Labs, the company behind the cryptocurrency Ripple (XRP). The plaintiff alleges that the defendants have made money by breaking state and federal securities laws and misleading the public through the sale of unregistered ripple tokens (XRP).

Plaintiffs are asking for a refund as well as damages, and allege organizers sold unregistered securities under California’s Corporate code.

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The lawsuit, filed by a private XRP investor, is a class-action suit against Ripple Labs which also ... (read more)