A now-defunct online marketplace for live adult entertainment misled investors about its CEO’s credentials and progress toward completion before conducting a fraudulent initial coin offering, according to the SEC.
Jonathan Lucas, the 27-year-old CEO of Fantasy Market, agreed to pay $15,000 to resolve the fraud claims against him and his company, the Securities and Exchange Commission announced Sept. 23. He didn’t admit or deny any wrongdoing.
Lucas, who lives in Morris County, N.J., founded Fantasy Market in 2017 and issued a whitepaper to build interest in it and its ICO, according to a Sept. 20 SEC complaint filed in the ...
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