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Collectors Café, CEO face new SEC charges of violating whistleblower protection laws to silence investor complaints

( November 4, 2019, 18:10 GMT | Official Statement) -- MLex Summary: Online auction portal Collectors Café and its CEO Mykalai Kontilai now also face charges of violating whistleblower protection laws to silence investor complaints, the US Securities and Exchange Commission said in a statement. The SEC previously charged Collectors Café and Kontilai over an allegedly fraudulent $23 million securities offering based on false statements to investors; Kontilai allso is alleged to have misappropriated over $6 million of investor proceeds. The SEC's amended complaint alleges that Collectors Café and Kontilai attempted to resolve investors' allegations of wrongdoing by conditioning the return of their money on signing agreements prohibiting them from reporting potential securities law violations to authorities.Statement follows in full. ...

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