The US SEC claims that Opporty International has raised about $ 600,000 from nearly 200 investors in the illegal ICO process, and its founder, Sergey Gribnyak, is accused of conducting a fraudulent initial coin offering process.
According to the US SEC, the blockchain company sold OPP Tokens, which are unregistered securities with digital assets.
The Securities Commission claims that the blockchain company Opporty lied to its users, claiming that their ICO was regulated.
The SEC claims that Opporty has condoned several illegal acts, including the misappropriation of third-party content without endorsement or attribution, to create the false impression that actual users of the platform created this content. Regulators say the defendants falsely told their potential investors that they had “taken on board” the company with more than 6,000 trusted suppliers.
As stated in the SEC complaint, Opporty violated five sections of the Securities and Exchange Act. Regulators are seeking an injunction to allow the company to place digital or other securities. The document also mentions Clever Solution Inc, another business run by Gribnyak, accused of, among other things, extortion.