Search for: ICO SEC lawsuit

Former AriseBank Execs Settle Charges in SEC ICO Fraud Lawsuit

| Nikhilesh De

The SEC has settled charges with AriseBank's former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties.

Floyd Mayweather, DJ Khaled Escape Lawsuit Brought By ICO Investors

| Nikhilesh De

Floyd Mayweather, DJ Khaled and two employees of the Centra Tech ICO project have been dismissed from an investor lawsuit by a federal judge.

AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO

| Nikhilesh De

Jared Rice, former AriseBank CEO, pleaded guilty to securities fraud and could face as much as 20 years in prison.

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

| Leigh Cuen

Controversy looms overhead as Israeli entrepreneur Moshe Hogeg promote's Sirin Labs' blockchain phone.

SEC Official Who Oversaw Crypto Cases Leaves for Law Firm Jones Day

| Anna Baydakova

Shamoil T. Shipchandler, whose team at the SEC brought cases against AriseBank and 1Broker, has joined law firm Jones Day.

Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says

| Daniel Palmer

Crypto loans startup Salt and former board member Erik Voorhees are under investigation by the SEC, The Wall Street Journal says.

Wallet Provider Blockchain Sues Crypto Startup Days Before ICO

| Nikhilesh De

Blockchain is suing Paymium for launching a token sale under the domain name, claiming the latter is misleading investors.

law, legal

Mark Cuban-Backed Unikrn ICO Hit by Class Action Lawsuit

| Wolfie Zhao

Unikrn, an e-sport betting firm that conducted an ICO last year, is now facing a class action suit accusing it of violating US securities law.

Judge Issues Default Judgment in ICO Fraud Lawsuit

| Nikhilesh De

A federal judge ruled against Monkey Capital after finding it defrauded victims in an initial coin offering.

Tezos ICO Class Action Looms After Motion to Dismiss Denied

| Wolfie Zhao

A motion to dismiss a class action lawsuit against Tezos' $232 million ICO was denied on Tuesday by a U.S. judge.