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Sentenced: ICO Fraudster Will Serve Time in US Prison for Two Crypto Scams

Two fraudulent initial coin offerings (ICOs) have landed a Brooklyn businessman, Maksim Zaslavskiy, in prison. Zaslavskiy was sentenced on Monday to 18 months behind bars for marketing RECoin as “The First Ever Cryptocurrency Backed by Real Estate.” The offerings were also sold as Diamond Reserve Club, an “exclusive and tokenized membership pool” hedged by diamonds. […]


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