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US Judge Rules ICO Frauds Fall Under Securities Law

A federal judge has ruled that a criminal case against an alleged ICO fraudster will proceed to trial, saying existing securities laws apply.

Updated Sep 13, 2021, 8:22 a.m. Published Sep 11, 2018, 4:39 p.m.
U.S. District Court Judge Alvin Hellerstein said there is "no binding precedent" for SEC vs. Kik case. Credit: Shuttershock
U.S. District Court Judge Alvin Hellerstein said there is "no binding precedent" for SEC vs. Kik case. Credit: Shuttershock