ICO Fraud

AriseCoin Inventor Sentenced to 5 Years in Prison for Securities Fraud

Jared Rice, Sr., pleaded guilty to duping investors out of more than $4 million.

News  ·  25 August 2021

Automated Crypto Investing App Coinseed Faces Fraud Charges in NY, SEC Lawsuits

Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.

News  ·  17 February 2021
SEC

SEC Charges Three of Stealing $11.4M Through Token Backed by Actor Steven Seagal

The Bitcoiin2Gen trio allegedly bilked investors through false statements and celebrity crypto endorsements.

News  ·  1 February 2021
ICO Fraud

US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale

According to court documents, U.S. federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service.

News  ·  4 November 2020
CoinFlash

Third Centra Tech Founder Pleads Guilty to ICO Fraud

Centra Tech one of the most storied scams of the the 2017 ICO bubble. Its founders have fallen like dominoes since.

News  ·  17 July 2020
CoinFlash

Disgraced Lobbyist Jack Abramoff Pleads Guilty to Fraud in Crypto Case

Previously convicted lobbyist Jack Abramoff has pleaded guilty to knowingly promoting an alleged crypto fraud with false and misleading information.

News  ·  15 July 2020
SEC

US Prosecutors Ask to Pause SEC Action Against Alleged Crypto Scammer

U.S. prosecutors are seeking to pause the SEC's civil action against Blockchain Terminal founder and alleged $30 million ICO fraudster Boaz Manor to complete their own criminal prosecution.

News  ·  8 April 2020
Veritaseum

SEC Files Emergency Action Against Organizer of ‘Fraudulent’ $15 Million ICO

The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.

Markets  ·  13 August 2019
Regulation

SEC Halts Mayweather-Endorsed ICO, Charges Founders With Fraud

The U.S. Securities and Exchange Commission has halted the Floyd Mayweather-supported Centra Tech initial coin offering.

Policy & regulation  ·  2 April 2018
Regulation

Massachusetts Sues ICO Organizer for Alleged Securities Violations

Massachusetts' securities enforcement office is suing a resident and his company for selling unregistered securities in a token sale.

Policy & regulation  ·  19 January 2018