Founder of Coevals ICO Hit with Default Judgment over Fake ‘Crypto Options’

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Founder of Coevals ICO Hit with Default Judgment over Fake ‘Crypto Options’

Postby kreslik.news » Wed Aug 15, 2018 3:11 pm


Operators of scheduled-but-cancelled Monkey Capital ICO have reportedly been hit with a $1.17 million judgment over alleged violations of Florida state and federal securities laws.

According to court papers, a group of investors allege that Monkey Capital LLC, a Delaware company, and Monkey Capital Inc, a Singapore-based company, promoted an ICO and engaged in an unregistered sale of securities. Daniel Harrison, who is the son of a senior London financier, is accused of being the founder of the fraudulent scheme which is alleged to have lured investors from the U.S. to fund the creation of a new cryptocurrency.

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