New York Businessman Charged with Fraud in Connection with Two ICOs

[kreslik.news]

According to the Eastern District of New York’s Department of Justice, Maksim Zaslavskiy of Brooklyn was recently charged with “securities fraud conspiracy in connection with engaging in illegal unregistered securities offerings”.  The charges come just a few days after the SEC initially busted Zaslavskiy. 

The “securities offerings” were two separate ICOs that were conducted through two of Zaslavskiy’s companies: RECoin Group Foundation, LLC., and DRC World, Inc. Zaslavskiy branded RECoin as “The First Ever Cryptocurrency Backed by Real Estate”; the ‘DRC’ in DRC World stood for “Diamond Reserve Club”, and the DRC cryptocurrency was supposedly “hedged” by ... (read more)