SEC Vs. Blockvest: Blockvest Given $700,000 Fine
Last Updated: 12 December 2020
After years of legal action made by the governing bodies of the US against it, the 2018 initial coin offering (ICO), Blockvest, has officially been given its final orders.
A Case Of Two Years Coming To A Close
A court document was filed on Thursday, stated that the SEC was seeking fund disgorgement, a permanent injunction, as well as civil penalties against the Defendants for their illegal conduct, doing so as a government agency. The court case itself followed one Rasool Abdul Rahim El, known under the particularly impressive and American alias of Reginald Buddy Ringgold III, and the ICO he founded, Blockvest.