SEC complaint illegal sale of shares of company blockchain
The Securities and Exchange Commission of the United States accused two men involved in the illicit obtaining of about 1.4 million dollars
The Securities and Exchange Commission of the United States (SEC) denounced two men allegedly involved in the sale of illicit shares that are part of a firm associated with blockchain technology.
The official version states that T.J. Jesky the manager of the firm Mark F. DeStefano received profits of at least 1.4 million dollars through the sale of shares of the company UBI Blockchain Internet Ltd., activity that was developed for 10 consecutive days.
The SEC states that both lawyers received some 72,000 shares of restricted form from the blockchain company since October 2017.
This accusation was taken to the Court of New York, where it was established that the individuals incurred in the violation of the statutes of the stock exchange, for this purpose they must proceed to the return of 1.4 million illicitly obtained.
The investigation is being conducted by the Unit Against Securities Fraud and Cybernetic Unity led by Michael D. Paley, Kevin P. McGrath, Tracy E. Sivitz, John P. Lucas and Ricky Tong.
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