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Securities and Exchange Commission v. Dropil Inc. et al
Case Number:
8:20-cv-00793
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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October 27, 2020
Crypto Co. Can't Trim SEC's $2.5M Offering Fraud Suit
Cryptocurrency company Dropil Inc. and two of its executives can't shed fraud claims they face in connection with the sale of their digital assets called Drops, a California federal judge has ruled.
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September 01, 2020
SEC Blasts Dropil's 'Scattered Arguments' About Liu Ruling
The U.S. Securities and Exchange Commission told a California federal judge that cryptocurrency company Dropil and its founders made "no logical sense" when they asked the court to dismiss the regulator's securities offering fraud claims in light of the U.S. Supreme Court's Liu decision.
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August 04, 2020
Crypto Biz Says Liu Raises Bar For SEC Disgorgement Claims
The U.S. Securities and Exchange Commission must show that specific investors relied on fraudulent statements if it seeks to extract disgorgement from a cryptocurrency company and its founders, the defendants told a California federal court Monday, citing the U.S. Supreme Court's recent Liu decision.
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June 26, 2020
Ex-Crypto COO Agrees To Digital Offerings Ban, SEC Says
The U.S. Securities and Exchange Commission on Thursday asked a federal judge in California to approve a settlement for a one-time principal of a cryptocurrency company accused of playing a role in a fraudulent sales pitch for the company's digital assets.
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April 24, 2020
SEC Says Crypto Co. Raised $2.5M With Fake 'Trading Bot'
The U.S. Securities and Exchange Commission has filed suit in California federal court against a cryptocurrency company and its principals, alleging they amassed $2.5 million touting overblown initial coin offering results and inaccurate offering details.