After filing a motion for sanctions against Blockvest and its founder Reginald Buddy Ringgold III, the U.S SEC is now hoping to close the case for good.
US securities regulator builds up a case against Blockvest
The US SEC continues its efforts to crack down on numerous crypto scams that took place in the last few years. One of the most recent examples is a case against Blockvest and its founder, Reginald Buddy Ringgold III.
Earlier in January 2020, the regulator filed a motion for sanctions against the project and its founder. The United States Securities and Exchange Commission (SEC) claims that Ringgold used his company to deceive investors and the court alike, which should earn him a permanent injunction. The regulator also argues in favor of imposing disgorgement and civil penalties.
In the motion for sanctions, the regulator…
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