Lawsuits

Qatari Billionaire Sues Facebook Over Fake Crypto Ads

  • Wissam Al Mana, Janet Jackson's ex-husband, is now suing Facebook for defamation after a crypto scam used his image to promote itself on the social platform.
  • Estimated to be worth around €1 billion, the Qatari business magnate does not operate any social media accounts.

SEC Settles Charges Against Enigma’s $45M Token Sale

  • "Harmed investors" will have the options to receive a refund with interest through a claims process, or keep their tokens.
  • The firm will also have to register its tokens as securities, file periodic reports with the SEC, and pay a $500,000 fine.

SEC Charges Opporty Over $600,000 Fraudulent Security Offering

  • From September 2017 to October 2018 Opporty raised around $600,000 from approximately 200 investors via SAFTs.
  • The company claimed to have on-boarded thousands of “verified providers”, and had more than 17 million businesses in its database, both of which were untrue.

SEC Charges Group of Criminals for $30M Fraudulent ICO

  • The SEC alleges that Boaz Manor hid his past criminal conviction and misrepresented himself as "Shaun MacDonald".
  • The defendants allegedly raised over $30 million in a fraudulent ICO, conducted in 2017 and 2018.