Blockvest's Defense Based on Falsified Documents, Claims SEC
Cointelegraph
Published Jan 14, 2020 02:29PM ET
Updated Jan 14, 2020 04:01PM ET
Blockvest's Defense Based on Falsified Documents, Claims SEC
The United States Securities and Exchange Commission have argued in a Jan. 10 filing that Blockvest founder Reginald Buddy Ringgold III falsified and, in one case, forged signatures in documents critical to the case. The commission had previously charged Blockvest with falsely declaring that its initial coin offering (ICO) was registered with the regulator.
In Oct. 2018, the SEC halted Blockvest’s ICO in an emergency court order. The project had nevertheless already collected more than $2.5 million in a pre-ICO sale of its BLV token. Though the Southern (NYSE:SO) California court district initially claimed that the commission failed to provide adequate proof that the ICO was a securities sale, this decision was later reconsidered.
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Written By: Cointelegraph
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