The United Stock Exchange and Securities Commission filed a complaint against Unicoin Inca company based in New York. The lawsuit also reaches several of their senior executives for false and/or deceptive statements in reference to the supply of certificates linked to “Tokens Unicoin” and actions of the company itself.
Among the managers are Silvina Moschini, a 53 -year -old Argentine businesswomanwho was president of the company and who is now part of the current Board.
Moschini defended himself In your LinkedIn account. He assured that Unicoin Inc is a victim of “Lawfare” on the part of the SECwho “is damaging the very essence of American business spirit.” Ensures that the complaint is “A manufactured and vindictive persecution designed.”
For Moschinithis “persecution“Look for three goals: “Destroy a pioneer company in cryptocurrencies, undermine technological innovation and intimidate entrepreneurs who challenge the status quo.”
Given this complaint, Moschini assured his actions and followers that they will reverse this situation. “They are not going to shut us up. We will not be intimidated,” He promised and forecast that “the truth will prevail.”
The denunciation of the US Securities Commission:
As reported by the SEC, the real assets of the company They were worth significantly less than what was stated. In addition, demand also accuses that sales were – mostly – illusory.
The associated director of the “Division of Enforcement” of the SEC, Mark Cave, said: “We claim that Unicoin and its executives exploited thousands of investors with fictional promises that their tokens, Once issued, they would be supported by real assets, including an international portfolio of valuable real estate properties. ”
“However, as we claim, real estate assets were worth a fraction of what the company stated, and the majority of the company’s rights certificates were illusory. It is alleged that the most important executives of UNICOIN perpetrated fraud “he added.
The research also put under the magnifying glass the advertising that Unicoin made on its offer through promotional advertising campaigns in airports, taxis of New York City, television and social networks. As detailed, from the company denounced, they convinced, through false and deceptive statements, to more than 5000 investors – for a total of US $ 100 million – That they buy certificates of rights that were presented as investments in cryptoactive “Next Generation” safe, stable and profitable.
The statements that the US Securities Commission considered false
In detail, the complaint also reflected that statements that the company issued its investors are considered false:
- First, the promise that Unicoin tokens underlying rights certificates were “backed by assets“For billions of dollars. According to the complaint, Unicoin assets never earned more than a small fraction of that amount;
- That the company had sold more than U $ 3,000 million In rights certificates. In detail, the investigation revealed that the company did not collect more than U $ S110 million dollars
- Rights certificates and unique tokens were “Registered in the SEC” either “Registered in the US.” They, according to the American agency, were not.
Source: Ambito
