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U.S. securities regulator files fraud charges against 2 ICOs

The Securities and Exchange Commission (SEC) has accused businessman Maksim Zaslavskiy and his two companies of the deception of investors through a pair of ICOs for projects related to real estate and diamonds.

According to the SEC, Zaslavskiy and his Diamond Reserve Club World (DRC World) and REcoin Group Foundation sold unregistered securities in two fake ICOs.

The SEC managed to freeze the assets belonging to Zaslavskiy and his companies through an emergency court order. The case will be considered by a federal district court in Brooklyn, New York.

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