Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin offering (ICO).

Last May, a class-action lawsuit on behalf of any person who purchased or received EOS tokens during the June 2017 ICO was filed against a number of firms and company executives behind the EOS project.

The lawsuit named Brock Pierce, but also cofounders Daniel Larimer and Brendan Blumer are named as defendants too in the matter. The complaint says that Pierce alongside other leadership is “accountable for duping global investors in what may be the biggest of all crypto frauds.”

Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud
Brock Pierce at the campaign event in NYC on Monday, September 14, 2020.

Moreover, the court filing details that operated in Hong Kong and the state of Virginia, but it is registered in the Cayman Islands. Even though…

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