{"id":42815,"date":"2025-05-21T13:00:32","date_gmt":"2025-05-21T10:00:32","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42815"},"modified":"2025-05-21T12:38:13","modified_gmt":"2025-05-21T09:38:13","slug":"sec-sues-unicoin-100m-crypto-fraud","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sec-sues-unicoin-100m-crypto-fraud\/","title":{"rendered":"SEC Accuses Unicoin of $100 Million Securities Fraud!\u00a0"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>The SEC has filed a lawsuit against the cryptocurrency company Unicoin and its executives, alleging securities fraud exceeding $100 million<\/strong>. The lawsuit is based on claims that the company raised substantial funds by making misleading statements to investors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">What is Unicoin and Why is it Targeted?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>Unicoin<\/strong> claimed to investors that its tokens were backed by an international portfolio of valuable real estate and raised funds with these promises. The company showcased real estate worth <strong>$1.4 billion in countries<\/strong> such as Argentina, Thailand, Antigua, and the Bahamas. However, the <strong>SEC<\/strong> alleges that <strong>Unicoin<\/strong> never purchased most of these properties and overstated their value. <strong>According to the SEC<\/strong>, the total value of the properties did not even reach $300 million, and most transactions were never completed. Additionally, while the company claimed its tokens were \u201c<strong>asset-backed,<\/strong>\u201d it did not grant investors any rights over these assets.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>Mark Cave, Deputy Director of the SEC\u2019s Enforcement Division, stated:\u00a0<\/strong><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cWe allege that Unicoin and its executives exploited thousands of investors with false promises that their tokens would be backed by real-world assets, including an international portfolio of valuable real estate. However, as we allege, the real estate assets were worth only a fraction of what the company claimed.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Furthermore, the <a href=\"https:\/\/coinengineer.net\/blog\/paul-atkins-crypto-struggle-in-sec-uncertainty\/\"><strong>SEC<\/strong><\/a> claims that <strong>Unicoin sold 37.9 million<\/strong> unregistered rights certificates, marketed with the expectation that they would be converted into tokens, misleading investors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<hr \/>\n<p class=\"entry-title\"><a href=\"https:\/\/coinengineer.net\/blog\/us-wants-bitcoin-over-gold-survey-results\/\"><em><strong>US Wants Bitcoin Instead of Gold! New Survey Surprises\u00a0<\/strong><\/em><\/a><\/p>\n<hr \/>\n<p><span data-contrast=\"auto\">CEO Alex Konanykhin, announced that he rejected the <strong>SEC\u2019s settlement<\/strong> offer.<strong> Konanykhin<\/strong> claims the company operated entirely legally and that the tokens are backed by real assets, including real estate in the<strong> Bahamas and Thailand<\/strong>, copper mining rights in Argentina, and investments in various ventures. The lawsuit also notes <strong>Unicoin\u2019s<\/strong> claim of promising investors returns exceeding <strong>9,000,000%<\/strong>, which has reportedly been removed from the company\u2019s website.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The <strong>SEC states that Unicoin\u2019s<\/strong> aggressive marketing campaigns in airports, New York taxis, social media, and TV advertisements attracted thousands of investors. Through these efforts, the company reportedly raised millions of dollars from over<strong> 5,000<\/strong> investors. The SEC alleges in its lawsuit that Unicoin and its executives violated securities laws by making misleading statements to investors. Consequently, the lawsuit raises serious questions about the accuracy and transparency of the information Unicoin provided to investors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has filed a lawsuit against the cryptocurrency company Unicoin and its executives, alleging securities fraud exceeding $100 million. The lawsuit is based on claims that the company raised substantial funds by making misleading statements to investors.\u00a0 What is Unicoin and Why is it Targeted?\u00a0 Unicoin claimed to investors that its tokens were backed<\/p>\n","protected":false},"author":36,"featured_media":42816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[6033,2169,58,16145,16143,16142,39,974,16141,16144,13542],"class_list":["post-42815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-crypto-regulation","tag-crypto-scam","tag-cryptocurrency","tag-financial-misconduct","tag-investor-deception","tag-real-estate-tokens","tag-sec","tag-sec-lawsuit","tag-securities-fraud","tag-token-fraud","tag-unicoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Accuses Unicoin of $100 Million Securities Fraud!\u00a0 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/sec-sues-unicoin-100m-crypto-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Accuses Unicoin of $100 Million Securities Fraud!\u00a0 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The SEC has filed a lawsuit against the cryptocurrency company Unicoin and its executives, alleging securities fraud exceeding $100 million. 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