The US Securities and Exchange Commission (SEC) has charged Unicoin and three of its executives for allegedly making false and misleading statements regarding the company's crypto assets, which reportedly raised $100 million from investors. The SEC claims that CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez misled investors by asserting that Unicoin tokens would be backed by real-world assets, including valuable real estate properties. However, investigations revealed that these real estate assets were worth only a fraction of the claimed value, and most sales of rights certificates were deemed illusory. The SEC's complaint, which was filed in a Manhattan federal court, seeks permanent injunctive relief and restitution of the allegedly gained profits, alleging various violations of securities laws.

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