Court for the southern district of California, judge Gonzalo Curiel ruled a preliminary injunction against ICO-startup Blockvest LLC and its founder, Reginald buddy Rinholda (Rasul Abdul Rahim El), citing violations of legislation in the sphere of securities in the past and possible future violations.


In the Commission on securities and exchange Commission (SEC) claim that Blockvest used the seal of the Department without permission, and also introduced investors into the misconception about obtaining a license from regulators.

In addition, buddy Rinholda allegedly promoted a startup, talking about the endorsement of the defunct government office (Commission on blockchain exchange Commission). It is noteworthy that the last print was very similar to the regalia of the SEC, and its headquarters are indicated by the same address.

Note, the court held that tocancel BLV has violated the provisions of section 17 of the securities Act from 1933, and recognized the tokens of unregistered securities.

Recall that in November last year, judge Gonzalo Curiel refused to recognize the token of the project Blockvest securities, because the SEC was unable to prove otherwise.

Then he said that SEC has not demonstrated that any promotional materials Blockvest served as a tool to attract investors.

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