SEC lands $700K victory in another ICO court case
After years of legal action from United States governing bodies, Blockvest, a 2018 initial coin offering, or ICO, has received its final orders.
“The SEC, as a government agency, seeks a permanent injunction, disgorgement of funds received from Defendants’ illegal conduct, and civil penalties,” said a court document filed on Thursday. The court case takes aim at both Blockvest, and its founder, Reginald Buddy Ringgold III, also known as Rasool Abdul Rahim El.
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