SEC Charges Token Sale Platform ICOBox With Securities Violations
The SEC has charged ICOBox and its founder with violating securities and registration requirements with its token sale and operations.
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle.
Thomas J. Gity allegedly told his 18 investor's he'd never ended a trading day in the red.
Aron Govil of Jacksonville is also being charged with scalping and insider trading in a related case.
The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.
The SEC warned investors that initial exchange offerings, while claiming to be different from initial coin offerings, may still violate federal securities law.