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SEC sued Unicoin for $100,000,000 fraud - document
The regulator accused the crypto company Unicoin and its top managers of large-scale fraud:
✧ The company attracted more than $100,000,000, claiming that its token was secured by real estate - but the transactions were not closed, and the objects were overpriced.
✧ Declared purchases in Argentina, Thailand, Antigua and the Bahamas were estimated at $1,400,000,000, but actually cost no more than $300,000,000.
✧ Certificate sales were also inflated: $3,000,000,000 was declared, in fact - $110,000,000.
✧ Advertising promised a yield of up to 9,000,000%, comparing Unicoin with the early days of Bitcoin.