Boaz Manor
A previously convicted Canadian ex-hedge-fund manager who, per the SEC and DOJ, secretly ran the $30M Blockchain Terminal ICO under the alias 'Shaun MacDonald' to hide his criminal past. Charged civilly and criminally in 2020.
Also known as: Shaun MacDonald, Shaun Macdonald
Note: Manor was charged by the SEC and criminally indicted (reported at large at indictment); the criminal allegations are unproven here.
Bio
Boaz Manor, a Toronto resident who had served about a year in prison over the collapse of the Canadian hedge fund Portus, concealed his identity behind the alias "Shaun MacDonald" (altering his appearance) to run CG Blockchain / BCT and its $30M Blockchain Terminal ICO, while fronting associate Edith Pardo as owner. [1][2]
Status
The SEC charged Manor with antifraud and registration violations in January 2020; the U.S. Attorney (D.N.J.) charged him with conspiracy to commit wire fraud, wire fraud, and securities fraud. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
HEX / PulseChain (Richard Heart)ProjectsCrypto projects (HEX, PulseChain, PulseX) created by Richard Heart (Richard Schueler). In July 2023 the U.S. SEC sued him for offering unregistered securities that raised $1B+ and for allegedly misappropriating ~$12M for luxury goods (including a 555-carat diamond). A court dismissed the case in 2024 for lack of U.S. jurisdiction; there was no finding of wrongdoing and Heart denies the allegations.
This page was last updated on Jul 1, 2026. View revision history.
