Accused Fraudster Says Cryptocurrencies Aren't Securities

By Jon Hill (February 27, 2018, 10:26 PM EST) -- A Brooklyn businessman whom the government has charged with securities fraud over two initial coin offerings allegedly marketed through his companies REcoin and Diamond Reserve Club urged a New York federal court on Tuesday to dismiss the government's indictment, arguing that cryptocurrencies such as those involved in the offerings aren't actually "securities" under the law....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!