SEC charges Unicoin and executives for alleged $100 million fraud
Summary
The US Securities and Exchange Commission charged crypto platform Unicoin and executives Alex Konanykhin, Silvina Moschini, and Alex Dominguez with making false statements about crypto assets, raising $100 million. They allegedly misled investors about certificates for Unicoin tokens and stock, falsely claiming backing by valuable real estate. The SEC stated the real estate was worth far less than claimed, and most sales of rights certificates were illusory. The SEC seeks permanent injunctive relief and repayment of gains, filing the complaint in a Manhattan federal court for securities laws violations.
