SEC Sues Unicoin Executives Over Alleged Misleading Securities Claims

The U.S. Securities and Exchange Commission (SEC) has filed suit against Unicoin, Inc., a New York-based company, and three of its executives for allegedly making false statements about their securities offerings. The lawsuit, announced on May 20th, 2025, alleges that Unicoin misled over 5,000 investors by falsely claiming the value of their tokens was backed by billions of dollars in real estate and pre-IPO equity, while the actual asset value was significantly lower. Additionally, the SEC claims Unicoin misrepresented its sales figures, reporting $3 billion in proceeds from certificates when the actual amount raised did not exceed $110 million.