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SEC Sues Unicoin Top Executives for a Massive $100M Fraud

  • The US SEC filed charges against Unicoin and its top executives for allegedly raising $100 million through false promises of real estate-backed tokens.
  • Top executives facing charges include the CEO of Unicoin, former board chair, senior vice president, chief investment officer, and general counsel.
  • The SEC alleged that Unicoin exploited investors with fictitious promises and false claims about real estate assets backing the tokens.
  • Unicoin CEO, Alex Konanykhin, sold over 37.9 million of his rights certificates, with allegations of false sales claims and securities law violations.

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