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Digital-asset issuer charged with fraudulent ICO by the SEC

( December 11, 2019, 22:33 GMT | Official Statement) -- MLex Summary: A digital-asset entrepreneur and his company, UnitedData, have been charged by the US Securities and Exchange Commission with defrauding investors in an initial coin offering that raised more than $42 million from hundreds of investors. "As alleged in today’s action, the SEC seeks to hold Eyal and Shopin responsible for scamming innocent investors with false claims about relationships and contracts they had secured in support of a blockchain-based universal shopper profile," said Marc P. Berger, Director of the SEC's New York Regional Office.Statement follows in full. ...

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