A man in the US has been sentenced to 18 months in prison after running two illegal cryptocurrency Initial Coin Offerings (ICOs). Accused of committing securities fraud, Brooklyn-based Maksim Zaslavskiy was sentenced by United States District Judge Raymond J. Dearie yesterday. “Zaslavskiy committed old-fashioned fraud camouflaged as cutting-edge technology,” stated United States Attorney Donoghue. “This Office will continue to investigate and prosecute those who defraud investors, whether involving traditional securities or virtual currency,” Donoghue added. Back in July 2017, Zaslavskiy marketed RECoin as “the first-ever cryptocurrency backed by real estate,” and Diamond as an “exclusive and tokenized membership pool” backed…
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Tuesday, 19 November 2019
