SEC Launches Charges Against Unicoin Inc., Accusing Firm of $100M Crypto Scam

The U.S. Securities and Exchange Commission (SEC) has filed charges against Unicoin Inc., a New York-based company, accusing its leaders, Alex Konanykhin, Silvina Moschini, and Alex Dominguez, of orchestrating a $100 million fraudulent scheme. The SEC alleges that the firm deceived over 5,000 investors by selling certificates promising future cryptocurrency holdings and company stock. These promises were false as Unicoin falsely inflated the value of their properties, leading to significant financial losses for victims.