 *Over the past two months, U.S. regulators have been concerned for retail investors taking their chances with blockchain based ICO's. Just recently the SEC chairman, Jay Clayton, explained he was uneasy with the latest ICO hype and referred to the projects as pump and dump schemes. Clayton stated these remarks the day after the SEC created a new “Cyber Unit” taskforce to combat ICO fraud. Now the regulatory agency has exposed an Ethereum-based ICO that was purportedly backed by real estate and diamonds.*  *The SEC has charged Maksim Zaslavskiy and his companies for selling “unregistered securities” in two ICOs that used fake properties and gems to lure investors.* *Investors in REcoin Group Foundation and DRC World (also known as Diamond Reserve Club) have been told they can expect sizable returns from the companies’ operations when neither has any real operations, explains the SEC announcement.* # Zaslavskiy allegedly touted REcoin as The First Ever Cryptocurrency Backed by Real Estate. Alleged misstatements to REcoin investors included that the company had a “team of lawyers, professionals, brokers, and accountants” that would invest REcoin’s ICO proceeds into real estate when in fact none had been hired or even consulted.
| author | akg377968 |
|---|---|
| permlink | bitcoin-updates-sec-charges-the-ico-recoin-for-promising-sizeable-returns-from-fraudulent-operations |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin","ico","sec","returns"],"image":["https://steemitimages.com/DQmcmYJpDSVhfT6t95PxHHXqGRq3A38ERBGipwbj8EffNUP/image.png","https://steemitimages.com/DQmRnpJ2RjZsr4SehJcSv3Q1rSJ1BxWX4TFaBaNPyY8ToGc/image.png"],"app":"steemit/0.1","format":"markdown"} |
| created | 2017-10-01 11:17:27 |
| last_update | 2017-10-01 11:17:27 |
| depth | 0 |
| children | 1 |
| last_payout | 2017-10-08 11:17:27 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.417 HBD |
| curator_payout_value | 0.101 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,427 |
| author_reputation | 372,562,246,478 |
| root_title | "#{Bitcoin updates} : SEC Charges the ICO REcoin for Promising Sizeable Returns from Fraudulent Operations" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 0 |
| post_id | 16,461,648 |
| net_rshares | 185,013,943,150 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| kendewitt | 0 | 3,481,322,302 | 2% | ||
| npl77 | 0 | 871,149,388 | 2% | ||
| themanualbot | 0 | 366,112,630 | 2% | ||
| nickfost | 0 | 1,124,605,328 | 2% | ||
| renzoarg | 0 | 3,795,408,263 | 2% | ||
| reddust | 0 | 7,993,112,324 | 2% | ||
| dragon40 | 0 | 627,304,722 | 2% | ||
| coolenglish | 0 | 1,551,004,339 | 2% | ||
| dickturpin | 0 | 479,461,226 | 2% | ||
| mrwalt | 0 | 9,302,555,041 | 2% | ||
| earnonlinewith | 0 | 421,011,139 | 2% | ||
| suggeelson | 0 | 3,258,014,281 | 2% | ||
| staticinstance | 0 | 34,628,198,008 | 2% | ||
| mxzn | 0 | 432,637,468 | 2% | ||
| krisii | 0 | 539,046,258 | 2% | ||
| duckmast3r | 0 | 1,140,141,629 | 2% | ||
| netuoso | 0 | 10,382,314,012 | 2% | ||
| martinio6 | 0 | 2,131,675,412 | 2% | ||
| brandonh | 0 | 899,385,065 | 2% | ||
| clemdane | 0 | 497,131,252 | 2% | ||
| am24it | 0 | 950,241,204 | 100% | ||
| bigdeej | 0 | 4,594,685,534 | 2% | ||
| themoneyteam | 0 | 442,911,078 | 2% | ||
| larrydavid4 | 0 | 1,698,719,519 | 2% | ||
| grandpawhale | 0 | 82,190,546,237 | 2% | ||
| ks2000 | 0 | 3,318,309,420 | 100% | ||
| shadowbot | 0 | 729,843,674 | 2% | ||
| akg377968 | 0 | 1,136,467,343 | 100% | ||
| sk9988 | 0 | 1,213,642,202 | 100% | ||
| splendorhub | 0 | 684,565,541 | 2% | ||
| sk9708 | 0 | 735,086,829 | 100% | ||
| sp7693 | 0 | 1,134,149,354 | 100% | ||
| kk93 | 0 | 1,166,424,460 | 100% | ||
| blockchaintrade | 0 | 1,096,760,668 | 100% |
Congratulations @akg377968! You have completed some achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@akg377968) Award for the number of upvotes received Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard) If you no longer want to receive notifications, reply to this comment with the word `STOP` > By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
| author | steemitboard |
|---|---|
| permlink | steemitboard-notify-akg377968-20171002t145208000z |
| category | bitcoin |
| json_metadata | {"image":["https://steemitboard.com/img/notifications.png"]} |
| created | 2017-10-02 14:52:06 |
| last_update | 2017-10-02 14:52:06 |
| depth | 1 |
| children | 0 |
| last_payout | 2017-10-09 14:52:06 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 697 |
| author_reputation | 38,975,615,169,260 |
| root_title | "#{Bitcoin updates} : SEC Charges the ICO REcoin for Promising Sizeable Returns from Fraudulent Operations" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 16,575,439 |
| net_rshares | 0 |
hiveblocks