US: SEC Obtains Emergency Court Order to Freeze Assets of Fraudulent ICO

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The three co-founders of cryptocurrency startup Centra Tech were formally indicted in May for running a fraudulent ICO, with charges of securities fraud, wire fraud, and two conspiracy counts. The company raised $32 million from investors in 2017. The defendants had misled investors by falsely claiming that their company had partnered with Visa and MasterCard to issue virtual currency debit cards.

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