SEC Charges Crypto Influencer for Not Disclosing Incentive to Promote Unregistered ICO

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Ballina terms the SEC allegations unfounded, misconceptions of fact and law, and says he is prepared to fight the charges.

. Famous American actor and martial artist specialist Steven Seagal was one of the promoters of this project.

Last year, the Commission went after three Rivetz Group companies and Rivetz Corp CEO Steven K. Sprague for conducting an that raised $18 million. The SEC complaint said the defendants offered and sold digital assets called RvT tokens to the public, including investors from the US, between July and September 2017.The 33-year-old Ian Ballina describes himself as a “World Renown Investor, Entrepreneur, Speaker, and Author” on his website and claims to have a master’s degree in computer science. He has also worked with IBM Watson as a data scientist.

In 2017, Ballina used Token Metrics analytics for crypto investments that saw his $20,000 fund swell into a $5-million portfolio of crypto assets, he informs on his site.where he refutes charges as “baseless.” He calls his investment in SPRK “a private pre-sale purchase” and a 30% bonus as a “volume-based discount from the public sale price.

He denies the accusations that he invested $1.2 million in SPRK and indicated that he invested only $106,915.50, and like other investors in the scheme, he, too, was a victim of fraud.

 

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SEC Argues US Has Jurisdiction for Ethereum Blockchain in New Court Filing | CoinMarketCapThe comment was buried in the 69th paragraph of a lawsuit filed against crypto influencer Ian Balina, who is accused of promoting an ICO without telling fans that he was being paid to do so. $USTC $LUNC 3X this week💸💸 Get in now🔥💰🚀🚀 Hello can you please remove the red tag on $HPN on your tracking site. $HPN is SAFU compliant by pinkecosystem I guess they'd just been listening to muse
Source: CoinMarketCap - 🏆 290. / 63 Read more »