The U.S. Stock Exchange and the Securities Commission (SEC) yesterday reported on New York-based Unicoin Real Estate Tokenization Company, Inc. He announced that he had presented his position to three executives. The agency accused the SO of making a false and deceptive statement in its offer of certificates that allegedly granted its right to receive a recognized “Unicoin” token and an offer of common stock of the company.
In addition to the company, the defendant executive is CEO and president Alex Konanykhin. Former President Silvina Moschini. Former Investment Director Alex Dominguez.
Unicoin has spoken to probably thousands of investors, according to the lawsuit. An unfounded promise that their tokens will be supported by real-world assets (RWA), including property ownership and capital gains for companies prior to their initial public offering (OPI), worth billions of dollars, Sec said.
In its announcement, the agency said it alleged that the company sold a certificate of rights of more than $30 million if it did not actually collect more than $110 million. The company also said that Unicoin tokens and certificates of rights are registered with the SEC.
“We allegedly abusing thousands of investors with a fictional promise that once issued tokens will be supported by real-world assets, including international portfolios of valuable real estate properties.”
«Perro, which we assert, Real estate assets were worth only a small part of what the company claimed.and most of the sales of the company’s certificates were fantastic. It is said that the best Unicoin executives perpetuate fraud and that actions today seek accountability for their actions,” the Cave added.
The SEC claims Unicoin has broadly commercialized public rights certificates through extensive promotional efforts, including advertising at major airports and thousands of New York City’s taxis, television and social networks.
As part of the token promotion campaign, the company promoted the bus overseas as shared through photos shared by Unicoin CEO three years ago on X.
It is also allegedly persuaded over 5,000 people to purchase the certificate of rights through false and deceptive statements they presented as investments in “next generation” secure, stable and profitable “next generation” cryptographic works.
According to a request from the SEC filed in US District Court, Unicoin and Konanykhin also violated federal laws of values By participating in the sale of offers and unregistered certificates of rights.
He added that Konanykhin provided and sold certificates of rights to more than 37 million people to live in investors who had barred companies from participating in the offer to offer better prices and avoid risking the exemption from the registration requirements.
Unicoin warns you to prepare for a legal battle
Unicoin Company, through CEO Konanykhin, ensures that it prepares for a judicial conflict with the SEC after rejecting an agreement before the April 18 deadline.
Konanykhin promised to fight the accusations in court, Describe the SEC’s actions as “grotesque” It also states that Unicoin, which voluntarily submitted its financial statements to the SEC for over three years, is being unfairly attacked.
“I’m going to win this case in court,” Konanykhin told Decrypt. He further suggested that SEC persecution was promoted by “illegal officials” during the time of former President Gary Gensler, particularly mentioning Brad Nay, the deputy director of the SEC’s compliance division.
Unlike many others, Unicoin tokens cannot be negotiated in the US, but are sold as promising tokens linked to the company’s portfolio, including media, talent and software services.
Konanykhin argues that the incident reflects the SC’s internal resistance against the new Trump administration’s favorable policies on cryptocurrencies, which promises to end the “war on cryptocurrencies” and promotes clear compliance standards.
The SEC recently withdraws enforcement measures against key cryptocurrency companies such as Coinbase and Ripple, but as reported by Cryptonoticias, it continues to investigate cases of fraud under the direction of new President Paul Atkins.