Vinnik is accused of fraud in Russia

Alexander Vinnik, that is being connected with BTC-e, is accused of fraud in Russia
28 September 2017   2719

Greek authorities will consider Russian inquiery about Alexander Vinnik deportation. In Russia, Vinnik is being investigated a criminal case on fraud in a large amount. This is reported by TASS. 

The crime case is in the production of an investigator of the Interior Ministry department for the Ostankino district, Moscow.

The investigation found that Vinnik A. V., acting by deception, via the Internet, under the pretext of the delivery of equipment, stole funds of the organization for more than 600,000 rubles.

Russian prosecutor's office

On August 10, a decision was made to bring him as an accused, he was put on the wanted list. Ostankino Court of Moscow on August 11 in absentia elected him a preventive measure in the form of detention.

The question of the degree of punishment for the crime committed by Vinnik A. V. on Russian territory is exclusively related to the jurisdiction of the court in determining his guilt as a result of the trial.

Russian prosecutor's office

At the press time, Vinnik is under an arrest in Thessaloniki. On 29th of September Thessaloniki court to hold first meeting on extradition of Russian citizen Alexander Vinnik to the US.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   235

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.