Edit: Blockchain Terminal (BCT)

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## Summary

Blockchain Terminal (via companies CG Blockchain and BCT Inc.) raised over $30 million from hundreds of investors in a 2017–2018 ICO of BCT tokens, pitched as funding a "Blockchain Terminal" (a Bloomberg-terminal-style device for crypto) and a hedge-fund compliance/audit tool ("ComplianceGuard"). [1][2]

## The fraud

Per the SEC and DOJ, Boaz Manor — who had served prison time over the collapse of Canadian hedge fund Portus — concealed his identity and criminal past by darkening his hair, growing a beard, and using the alias "Shaun MacDonald," while portraying associate Edith Pardo as the businesses' owner. They falsely claimed 20 hedge funds were testing the technology; in reality only a prototype reached about a dozen funds, none of which used or paid for it. [1][2]

## Outcome

In January 2020 the SEC charged Manor and Pardo with antifraud and registration violations, and the U.S. Attorney (District of New Jersey) brought parallel criminal charges (conspiracy to commit wire fraud, wire fraud, and securities fraud). Manor was reported at large at indictment; Pardo was arrested. [1][2]

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