Action against Respondents, a blockchain company and its principal, for alleged offering fraud. According to the SEC, Respondents solicited investor funds based on false claims that prominent members of the blockchain community served as advisors to Respondent company. Respondent principal has agreed to pay a civil penalty of $25,000. The SEC did not impose a penalty on Respondent company due to its payment of approximately $520,000 under a settlement agreement with the Ontario Securities Commission.

SEC Administrative Summary

SEC Order