Guilty Plea Moves First US ICO Fraud Case to Final Stages, Sentencing Set for April
Cointelegraph
Published Nov 16, 2018 03:47AM ET
Updated Nov 16, 2018 04:02AM ET
Guilty Plea Moves First US ICO Fraud Case to Final Stages, Sentencing Set for April
The suspect at the center of the U.S.’ first Initial Coin Offering (ICO) fraud case has pleaded guilty in court, in part settling a case seen as a bellwether for the country’s securities laws, Bloomberg reported Nov. 15.
Maksim Zaslavskiy, who faces a sentence of up to 37 months after lying to investors who put funds into two ICOs last year, confirmed he had lied about aspects of his operations.
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Written By: Cointelegraph
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