10:42 am on 18 January 2020
A group of criminals was charged by United States Securities and Exchange Commission for raising $30 million through a fraudulent initial coin offering (ICO). The SEC has accused Boaz Manor along with his business associate and two companies CG Blockchain Inc. and BCT Inc. SEZC. They all have violated the antifraud and securities registration provisions of the federal securities laws. The accused has made $30 million in a fraudulent ICO with the motive to launch hedge funds testing technology to record transactions on the blockchain.
