SEC sues Unicoin for $100M fraud tied to fake property claims and inflated sales.
Executives allegedly marketed tokens with false promises of extreme investment returns.
SEC seeks penalties and leadership bans; CEO vows to contest charges in court.
The U.S. Securities and Exchange Commission has filed a lawsuit against cryptocurrency company Unicoin and four of its senior leaders, accusing them of conducting a fraudulent investment scheme worth more than $100 million.
The SEC’s filed complaint outlines multiple alleged violations of federal securities laws. These include Unicoin making false claims about its token offerings being backed by real estate, inflating its sales figures, and improperly marketing investment products. Information about the lawsuit also appeared in a post from Eleanor Terrett on X.
JUST IN: The @SECGov has charged @Unicoin_News and execs including CEO Alex Konanykhin and Silvina Moschini for allegedly defrauding 5,000+ investors with false and misleading claims that its crypto token was backed by billions in real estate. SEC says only ~$110M raised, not… https://t.co/NIzRRL4Tum
— Eleanor Terrett (@EleanorTerrett) May 21, 2025
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The post SEC Hits Unicoin, Top Leaders with Lawsuit Alleging $100M+ Crypto Fraud appeared first on Coin Edition.
