SEC Charges Unicoin and Executives in $100 Million Crypto Fraud Scheme

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-21 02:08:02

The U.S. Securities and Exchange Commission has filed charges against Unicoin Inc. and its top executives, alleging a $100 million cryptocurrency scam. CEO Alex Konanykhin, board member Silvina Moschini, and former Chief Investment Officer Alex Dominguez stand accused of selling fraudulent "rights certificates" tied to nonexistent asset-backed tokens.

Regulators claim the New York-based firm misrepresented its holdings, inflating real estate valuations and fabricating private investment portfolios. The scheme reportedly targeted thousands of investors through false promises of future token value appreciation.

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