The US Securities and Exchange Commission has charged the Crypto platform Unicoin and three of its managers and claims that they’ve made false and misleading statements about their crypto assets that earned $ 100 million from investors.
The SEC said on May 20, Alex Konanykhin, board member Silvina Moschini, and former investment director Alex Dominguez, with misleading investors who conveyed rights for the preservation of Unicoin -token and spreads, the CEO of Unicoin, Alex Konanykhin, and the previous investment chief Alex Dominguez.
Mark Cave, deputy director of the SEC department for enforcement, claimed that the trio had explored “1000’s of investors with fictional guarantees that his tokens, when it was issued, could be supported by real assets, including a world portfolio of precious real estate,.”
“Real estate assets were only a fraction of what the corporate claimed, and nearly all of the sales of right -hand certificates by the corporate was illusory,” added Cave.
The criticism of the SEC, which was submitted in a federal court in Manhattan, accused Unicoin and the three managers resulting from violations of the securities laws and ask for a everlasting relief of the omissions, in addition to the allegedly poorly indicated profits.
