2019-9-25 16:05 |
The founder of now defunct Fantasy Market, a purported online adult entertainment marketplace, has been charged with running a fraudulent initial coin offering (ICO) after raising $63,000 in cryptocurrency from over 100 investors.
Initially, Fantasy Market sought to raise approximately $25 million by selling 125 million FMT tokens. According to an announcement by the Securities and Exchange Commission, Jonathan C. Lucas made numerous false statements to entice investors to participate in the sale of unregistered digital securities of Fantasy Market (FMT). A white paper littered with false claims In his white paper, Lucas claimed that Fantasy Market would let participants…
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