The owners of an “investment exchange” for sports teams are facing a new federal lawsuit by the U.S. Securities and Exchange Commission for allegedly selling unregistered stock and deceiving investors.
Crystal World Holdings Inc. is the holding company and owner of all intellectual property for the web platform AllSportsMarket. ASM bills itself as “an experimental exchange where investors can buy and sell sports teams, just like traditional stocks, and earn dividends when their teams win or appreciate in value.”
Christopher Paul Rabalais, the founder and president of Crystal World Holdings, sold unregistered shares of the company to the public without ...
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