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.