US scammer behind bars for conducting fraudulent initial coin offering (ICO)

US scammer behind bars for conducting fraudulent initial coin offering (ICO)

The initial coin offerings were endorsed as being backed by diamonds and real estate. The ICO scam managed to attract more than 1,000 investors. Maksim Zaslavskiy, a computer programmer from Brooklyn, was recently sentenced to a year and a half behind bars. According to a report by Law360, Zaslavskiy had been running two scam ICO’s.