September 15, 2020/US SEC The Securities and Exchange Commission today announced charges against Unikrn Inc., an operator of an online eSports gaming and gambling platform headquartered in Seattle, Washington, for conducting an unregistered initial coin offering (ICO) of digital asset securities. Unikrn agreed to settle the charges by paying a $6.1 million […]
Frauds & Scandals
SEC Charges Arizona-Based Financial Services Companies and Their CEO with Fraud
September 15, 2020/US SEC The Securities and Exchange Commission today charged two Arizona-based financial service companies and their chief executive officer with defrauding investors of approximately $2.9 million by making false and misleading statements about the companies’ revenue and its business prospects. The SEC’s complaint alleges that, between 2015 and […]
SEC Obtains $15 Million Judgment Against Mastermind of Market Manipulation and Unlawful Stock Distribution Scheme
September 14, 2020/US SEC On September 11, 2020, the Honorable P. Kevin Castel of the U.S. District Court for the Southern District of New York entered a default judgment against Francisco Abellan Villena, ordering him to pay $15 million for his role in a fraudulent stock sale scheme that caused […]
