On December 2, the Securities and Alternate Fee announced prices towards Ivars Auzins over a sequence of digital asset-related funding schemes that the SEC is looking fraudulent.
The SEC highlighted a 2018 preliminary coin providing for a token known as Denaro, for which Auzins’ allegedly gathered $11 million value of investments earlier than the challenge disappeared.
One other scheme, Innovamine, allegedly promised traders the chance to mine crypto utilizing cloud computing. Auzins was accused of gathering over $7 million for Innovamine earlier than disappearing with traders’ cash.
The SEC tallied one other six related schemes, that includes a community of aliases and short-lived UK company registrations that Auzins used to lend legitimacy to the tasks.
The fee is asking the court docket of the Japanese District of New York to maintain Auzins, a Latvian nationwide, from collaborating in any future securities choices. They’re additionally looking for a return of the funds that Auzins has already gained from traders.
Auzins is barely the newest in a long string of ICO operators from the 2017-2018 increase who the SEC has focused.