CG Blockchain

Govt. Pauses SEC Suit Against $30 Mln ICO Amid Parallel Investigation Concerns

Source Node: https://cointelegraph.com/news/govt-pauses-sec-suit-against-30-mln-ico-amid-parallel-investigation-concerns
Time Stamp: April 5, 2020 6:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Prosecutors have paused a United States Securities and Exchange Commission (SEC) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants.The United States attorney’s office for New Jersey intervened in the case on April 2.SEC suit paused amid integrity concerns over the parallel investigationThe SEC action against defendants Boaz Manor, Edith Pardo, and the associated companies CG Blockchain Inc and BCT Inc has been halted to maintain the integrity of parallel criminal investigations into