fbpx

Boontech, Founder Pavithran Settle SEC Charges Over Fraudulent ICO and Registration Violations

bit2Big > Bitcoin News > Boontech, Founder Pavithran Settle SEC Charges Over Fraudulent ICO and Registration Violations

The Securities and Exchange Commission (SEC) announced today that it has charged Virginia- based company Boontech and its founder Rajesh Pavithran for fraud and failure to register the firm’s tokens that were sold as investment securities. 

According to the SEC’s announcement, between November 2017 and January 2018, Boontech sold $5 million worth of its tokens, Boon Coins, to more than 1,500 investors in the United States, without registering the digital asset with the regulatory body. 

Bit2Big

Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.

With a presence in Switzerland, Nigeria, Rwanda and Uganda we are driving the adoption of blockchain technologies in the east and west Africa.

Transformative, empowering, progressive and integral. At Bit2big we believe in ownership, financial stability and having control over your future.

News

Binance Coin: A top-performing cryptocurrency
September 21, 2021By
European Football NFT Platform Sorare Raises $680M Series B — CoinDesk
September 21, 2021By
If not Bitcoin, then where are the crypto market returns coming from?
September 14, 2021By

Recent Cases

Related Posts

Leave a Reply