No-Show Crypto Startup Incubator On Hook For $16M To SEC

Law360 (March 6, 2020, 3:52 PM EST) -- A California federal judge has handed down a $16 million default judgment to a digital asset startup incubator that has yet to acknowledge an enforcement action from the U.S. Securities and Exchange Commission.

U.S. District Judge Dale S. Fischer on Thursday granted the regulator's bid for a judgment against ICOBox, which has not responded to the SEC's September action accusing it of acting as an unregistered broker when it helped more than 30 clients raise $650 million in token sales and for conducting an unregistered sale of securities with its own initial token offering for "ICOS" tokens.

The Los Angeles company...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Companies

Government Agencies

Judge Analytics

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?
Beta
Ask a question!