SEC Seeks To Close Book On Alleged Blockvest Crypto Fraud
Law360 (January 27, 2020, 6:39 PM EST) -- The U.S. Securities and Exchange Commission has moved for summary judgment in its case against cryptocurrency company Blockvest LLC and its founder, saying there is sufficient uncontested evidence the company engaged in securities fraud.
In a Friday filing in the U.S. District Court for the Central District of California, the SEC outlined its case against Blockvest and founder Reginald Buddy Ringgold III, arguing that following a history of deception of Blockvest investors and the court, a permanent injunction should be entered and disgorgement and civil penalties levied.
Earlier this month, the agency filed a motion for sanctions against Blockvest and Ringgold,...
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!