U.S. Federal Court Says ICO Fraud Can be Subject to Securities Laws
The U.S. federal Court for the Eastern District of New York has given federal prosecutors a green light to indict a businessman charged with violations of securities law in making materially false and fraudulent misrepresentations in connection with two virtual currency investment schemes and their related Initial Coin Offerings (ICOs).
Prosecutors charged the businessman with fraudulently inducing investors to purchase ...
