SEC Charges ICO Operator for Misrepresenting His Platform's Technology

Cointelegraph

Published Aug 13, 2020 04:43PM ET

Updated Aug 13, 2020 06:20PM ET

The U.S. Securities and Exchange Commission, or SEC, publicized legal action against another 2017 Initial Coin Offering, or ICO. Boon.Tech and Rajesh Pavithran, the project's CEO, face fraud accusations from the commission, as well charges associated with securities registration, an Aug. 13 statement from the SEC detailed.

The statement added:

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