SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’ By Cointelegraph

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SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’

The United States Securities and Exchange Commission (SEC) has charged Rivetz over an alleged illegal securities offering that fetched around $18 million.

Rivetz was founded in 2013 and the now-defunct blockchain hardware firm has been accused of generating $18 million via an unregistered securities offering between July and September of 2017 from more than 7,200 investors.

Is the SEC on the war path?