By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN
SDNY COURTHOUSE, Oct 18 – Ryan Maasen was sued by the SEC, along with others, for his role in BitConnect, selling what the SEC calls unregistered securities through BitConnect's lending program.
On October 18 U.S. District Court for the Southern District of New York Judge John G. Koeltl held a proceeding. Inner City Press covered it.
While an amended summons has been issued as to co-defendant Craig Grant, on October 18 as to Maasen it was ordered he is enjoined from violating Section 5 of the Securities Act of 1933, and must disgorge $477,408.
The case is Securities and Exchange Commission v. Brown et al., 21-cv-4791 (Koeltl)
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