Law360 (February 12, 2020, 3:42 PM EST) — Cryptocurrency company Blockvest LLC and its founder Reginald Buddy Ringgold III have challenged the U.S. Securities and Exchange Commission’s call for sanctions for allegedly submitting false documents to a California federal court, arguing Tuesday that the “draconian” punishment would be too extreme.

The SEC filed its motion last month seeking a default judgment against Blockvest and Ringgold that would end the case over an allegedly fraudulent initial coin offering in its favor. The regulator said Ringgold knowingly submitted at least one false and forged declaration and asked other individuals to lie to the court on his behalf.

Ringgold contended in his…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!



- Advertisement -