Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: mlawson71 on June 27, 2021, 01:35:55 PM
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A recent report by the United States Securities and Exchange Commission (SEC) revealed that the Commission discovered a 30 million USD scam that involved Initial Coin Offerings. The scam was led by one Boaz Manor, as well as his associate Edith Pardo. Those two were already convicted, but three more of their accomplices were discovered to have taken part of the scam.
According to court documents in New Jersey, the defendants aided Manor and Pardo’s schemes by concealing their positions while having leadership roles in the scam.
According to an official press release, the names of the three defendants are Cristine Page from New York, Michael Gietz from Idaho, and Ali Asif Hamid from Idaho.
All three have been charged by SEC with aiding in the violation of antifraud federal securities policies and breaching security registration requirements.
Source (https://theforexreview.com/2021/06/16/three-new-perps-involved-in30-million-ico-fraud/)
One ICO scam down, thousands more to go, sadly.