2 entries tagged “nyag”.
A mobile crypto-investing app that the SEC and New York AG said was fraudulent: it sold unregistered 'CSD' tokens, misrepresented its management, charged hidden fees, and traded in customers' accounts without permission. A NY court shut it down in 2021 with a $3M judgment against CEO Delgerdalai Davaasambuu.
Co-founder and CEO of the Coinseed crypto app. The SEC and NY AG said he sold unregistered CSD tokens, faked his management credentials, and traded customers' funds without permission; a NY court entered a $3M judgment and shut the platform down in 2021.