Securities Law News

Blockchain-for-Hedge-Funds Firm Ran $30 Million Fraud, Feds Say

Jan. 17, 2020, 6:39 PM

A Canadian man deceived investors who contributed $30 million through a coin offering backing blockchain technology for hedge funds, the government said Friday in New Jersey federal court.

Boaz Manor dyed his hair, grew a beard, and used the name “Shaun MacDonald” to keep potential investors from learning about his convictions related to the collapse of a Canadian hedge fund and his full role in the purported blockchain business, the Justice Department and Securities and Exchange Commission alleged in the U.S. District Court for the District of New Jersey.

Manor allegedly posed as a consultant and claimed Edith Pardo, a...

To read the full article log in. To learn more about a subscription click here.