Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Altcoin1998$ on June 12, 2021, 03:28:06 AM
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The former practicing dentist is accused of publishing false statements to manipulate the securities market.The US Securities and Exchange Commission (SEC) announced on Friday that it had charged Edgar M. Radjabli of Boca Raton, Florida, and two entities he controlled for engaging in three separate securities frauds – one of them related to a token offering.According to the press release, Radjabli owned an unregistered investment adviser firm named Apis Capital Management LLC that allegedly conducted a fraudulent offering of a coin dubbed “Apis Tokens.” These cryptos represented tokenized interests Apis Capital’s main investment fund, the US SEC said. In fact, Radjabli – formerly a practicing dentist – published a press release, falsely claiming such a token offering raised $1.7 million.Furthermore, the complaint alleges that the former dentist also allegedly manipulated the securities market for Veritone Inc., an existing and publicly traded artificial intelligence company, as he announced in 2018 an unsolicited cash tender offer to purchase the firm for $200 million.source (https://cryptonews.net/793571/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)