Tag Archives: BlockVest

SEC Sues Blockvest ICO for Making False Claims

The U.S. SEC is suing Blockvest LLC and its progenitor Reginald Buddy Ringgold III for falsely claiming the regulator’s approval for its planned ICO. The regulator is seeking an injunction against the defendants to return all financial gains from its ICO activities. The SEC’s Complaint Against Blockvest ICO According to a press release on the regulator’s website, the… Read More »

SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval

Advertisement The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder — Reginald Buddy Ringgold, III, aka Rasool Abdul… Read More »

Regulators Sue ICO Company That Falsely Claimed SEC Approval

The Securities and Exchange Commission said Thursday that it secured an emergency court order against an initial coin offering and its organizer who had claimed to have received approval from the agency. According to the Oct. 11 statement, Reginald Buddy Ringgold allegedly claimed that the ICO was given the green light by regulators. Ringgold and BlockVest, the agency said,… Read More »