Aug 19, 2020
Here's how a weed-smoking model raised millions of dollars with a 2017 token sale in California, then disappeared during an ongoing lawsuit.
ParagonCoin, which was previously fined by the regulator over its ICO, is selling off a property intended for use as a cannabis co-working space.
Taylor has been found jointly and severally liable over allegations he pursued personal profit in Paragon's unregistered ICO.
Friday's charges against Airfox and Paragon Coin may hint at how the SEC will regulate ICOs going forward.
The SEC has settled charges with crypto startups Airfox and Paragon for securities law violations.