Tezos Founders get a Second Class Action Suit

[CryptoGirl]

A second class action lawsuit has been filed against the founders of the Tezos project.

Pursued in the U.S. District Court in Florida, the suit alleges Tezos founders Arthur and Kathleen Breitman deceptively sold unregistered securities in violation of both federal and state law when they raised $232 million in an initial coin offering (ICO) in July.

It accuses them of fraudulently and deceptively marketing the sale of the platform's native token "Tezzies" as charitable contributions and then pocketing "tens of millions of dollars" for themselves.

"Notwithstanding the defendants' attempts to avoid governmental and private scrutiny, it is clear that the financiers were indeed profit-seeking investors in a security and that Defendants promoted and conducted an unregistered offering of securities, not a charitable fundraiser," the complaint reads.


https://www.coindesk.com/tezos-founders-hit-second-class-action-suit/