The United States Securities and Exchange Commission (SEC) is hot on the heels of many defaulters in the crypto community. The Commission has now charged another blockchain company, Opporty International, for running an illegal initial coin offering (ICO).
In an official publication from the SEC, it is alleged that Opporty International ran an unregistered sale of its OPP tokens, receiving almost $600,000 from about 200 investors. The SEC says that Opporty International along with its chief Sergii “Sergey” Grybniak, also deceived its investors. The Commission says that the company lied to its investors deliberately, telling them that the tokens were registered, compliant and regulated by the SEC. The complaint also alleges that Opporty also lied about the number of users on its platform.
Also, Opporty allegedly infringed on external material to give the platform a good look.
“The SEC’s complaint further alleges that Grybniak and Opporty engaged in other deceptive acts, including misappropriating third-party content without approval or attribution, to create the false impression that actual users of Opporty’s platform had created such content.”
The SEC now wants a permanent injunction against Opporty, to prevent the company from going forward with selling other digital assets and securities. It is also seeking “disgorgement plus interest” as well as civil penalties.
Earlier this month, the SEC also took action against another platform, ICOBox, for a similar offence.
Image Credits: Pixabay
The post SEC Accuses Yet Another Blockchain Platform For Running Unregistered ICO appeared first on Latest Crypto News.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
This article was first published on: Latest Crypto News