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amir bruno elmaani - All news and posts by Crowdfund Insider

amir bruno elmaani - All news and posts by Crowdfund Insider
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Amir Bruno Elmaani (Release No LR-24980; Dec 9, 2020)

Litigation Release No. 24980 / December 9, 2020 Securities and Exchange Commission v. Amir Bruno Elmaani, Civil Action No. 1:20-cv-10376 (S.D.N.Y. filed December 9, 2020). The Securities and Exchange Commission today charged Amir Bruno Elmaani, who goes by the online alias Bruno Block, for conducting an illegal securities offering of digital tokens and for his scheme to profit by minting millions of unauthorized tokens for himself at no cost and selling them into the secondary market, thereby causing the value of others tokens to plummet. As alleged in the SEC s complaint, in the fall of 2017, Elmaani offered and sold tens of millions of digital tokens called Pearl tokens in connection with his venture, Oyster Protocol. According to the complaint, the Pearl tokens were securities, but Elmaani s offer and sale of Pearl tokens was not registered with the Commission. The complaint alleged that Elmaani unlawfully raised approximately $1.3 million through his unregistered sale of Pe

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