Tagged: maksim zaslavskiy

November 16, 2018 @ 3:13 pm By Cali Haan  |  

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

September 14, 2018 @ 5:00 pm By Joshua Ashley Klayman  |  

As has been reported widely, digital token sales (sometimes referred to as initial coin offerings or ICOs) arguably are becoming increasingly important as a new form of capital raising.  To date, certain regulators (including the U.S. Securities and Exchange Commission (the “SEC”)) have provided ongoing… Read More

September 11, 2018 @ 7:04 pm By JD Alois  |  

This past February, RECoin initial coin offering (ICO) Creator Maksim Zaslavskiy filed a motion to dismiss pertaining to a lawsuit brought against him by the federal government and his allegedly fraudulent offering. Zaslavskiy, via his attorney, argued in US District Court that tokens are not securities and… Read More

May 12, 2018 @ 4:50 pm By Cali Haan  |  

A Brooklyn judge sitting a case of accused cryptocurrency fraud has expressed frustration over regulatory lag affecting his ability to judge the case. The accused, Maksim Zaslavskiy, was charged with fraud last November after SEC and FBI investigators alleged that he and REcoin Group Foundation,… Read More

February 28, 2018 @ 9:08 am By JD Alois  |  

Towards the end of last year, Maksim Zaslavskiy was hit with several lawsuits regarding an inital coin offering (ICO) that was deemed an unregistered security by the Securities and Exchange Commission (SEC) along with alleged acts of fraud. The SEC charged Zaslavskiy,  REcoin Group Foundation, DRC World, Diamond Reserve Club, … Read More