US authorities arrested ICO scammer

Maksim Zaslavskiy had been arrested Nov. 1 and charged with securities fraud conspiracy tied to two token sales
02 November 2017   2227

A businessman from New York accused of defrauding investors in related with two ICOs. He was arrested by the U.S. Securities and Exchange Commission.

In the official statement from the U.S. Attorney’s Office Eastern District of New York Maksim Zaslavskiy had been arrested Nov. 1 and charged with securities fraud conspiracy tied to two token sales. One ICO was marketed as being backed with real estate assets; another one - by real diamonds. 

Maksim Zaslavskiy
Maksim Zaslavskiy

Prosecutors have further alleged that the purported assets backing the tokens did not actually exist. Main US authorities mission is to protect investors.

As alleged, Zaslavskiy and his associates enticed investors by promising returns using novel ICOs even though Zaslavskiy knew that no real estate or diamonds were actually backing the investments.
 

Bridget Rohde
Acting United States Attorney

The SEC begun to suspect mr. Zaslavskiy in fraud earlier in September. According to the September's SEC press release, the activities of the Diamond Reserve Club World (DRC World) and the REcoin Group Foundation, run by businessman Maxim Zaslavsky, revealed signs of fraudulent schemes, as well as violations of securities laws. 

At the moment of press, Diamond Reserve Club World is closed, with the banner on it, saying that "Maksim Zaslavsky violated federal securities laws".

Diamond Reserve Club World website
Diamond Reserve Club World website

We wasn't able to find REcoin Group Foundation website.

According to an interview, that Zaslavskiy gave to Anycoin News few days ago, he is hiring lawyers at the moment.

I am now hiring lawyers to defend my position in the courts. The SEC's accusations are groundless, we have not deceived our investors and offer a full refund to anyone who wants it. It seems to me that the SEC feels that it has somewhat missed the issue of regulating cryptocoins and ICO and now wants to catch up, choose me as a scapegoat. I hope that there will be no criminal trial, although I can not completely exclude such a scenario.
 

Maksim Zaslavskiy
Suspected

You can see full statement for information.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   104

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.
 

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.