SEC charges Unicoin and executives for fraud

FILE PHOTO: U.S. Securities and Exchange Commission logo and representation of Bitcoin cryptocurrency in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday charged cryptocurrency company Unicoin and three of its top executives, including its CEO and Board Chairman Alex Konanykhin, for false and misleading statements that raised more than $100 million from thousands of investors.

(Reporting by Chandni Shah in Bengaluru; Editing by Sandra Maler)