ATM Coin Founders Ordered to Pay $4.25 Million for Fraud
A U.S. court fined the team and firms behind ATM Coin for fraud and misappropriation of client funds in a case brought by the CFTC.
Venkata S. Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed fraudulent.
The U.S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering.
Patrick McDonnell was sentenced to 33 months in federal prison and ordered to pay victims $225,000 after pleading guilty to charges he defrauded investors in his crypto trading platform, CabbageTech.
The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.
Prosecutors allege that Asa Saint Clair lured investors to invest in the "World Sports Alliance" using his IGOBIT digital currency.