SEC Charges Unicoin Over $100M Fraud Scheme
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The U.S. Securities and Exchange Commission has filed charges against Unicoin and three executives, alleging a $100 million fraud. The New York-based firm reportedly misled over 5,000 investors with false claims about asset-backed tokens and regulatory compliance.
According to the SEC complaint, Unicoin aggressively marketed tokens purportedly backed by billions in real estate and pre-IPO equity. Investigators found these claims to be materially false, with the project’s actual valuation described as negligible.
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