The US Securities and Exchange Commission has filed a lawsuit against Unicoin and three executives for allegedly making false statements that led to over $100 million in investments. The SEC accused CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez of deceiving investors about certificates for Unicoin tokens and stock. The complaint alleges that the company misrepresented its financial situation, exaggerated sales figures, and falsely claimed SEC registration. Unicoin's general counsel, Richard Devlin, also faced charges. Despite the allegations, Unicoin, Konanykhin, and Moschini have not responded to requests for comment. The company previously declined a settlement negotiation with the SEC and plans to fight the case in court. The lawsuit raises questions about the regulation of crypto investments and the accountability of companies in the industry. Read more AI-generated news on: https://app.chaingpt.org/news

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