Goodman & Nekvasil P.A. May Recover Investor Losses – REcoin Group Foundation, Diamond Reserve Club and Maksim Zaslavskiy Charged by SEC
Securities and Exchange Commission Charges REcoin Group Foundation, Diamond Reserve Club and Maksim Zaslavskiy
The Securities and Exchange Commission announced that it has charged New York businessman and his two companies with defrauding investors in a pair of so-called “Initial Coin Offerings” (“ICOs”) purportedly backed by investments in real estate and diamonds.
The SEC alleges that Maksim Zaslavskiy and his companies have been selling unregistered securities, and that the digital tokens or coins being peddled don’t really exist. According to the SEC’s complaint, investors in REcoin Group Foundation and Diamond (also known as Diamond Reserve Club) have been told they can expect sizeable returns from the companies’ operations when neither has any real operations.
Zaslavskiy allegedly touted REcoin as “The First Ever Cryptocurrency Backed by Real Estate.” Alleged misstatements to REcoin investors included that the company had a “team of lawyers, professionals, brokers, and accountants” that would invest REcoin’s ICO proceeds into real estate when in fact none had been hired or even consulted. Zaslavskiy and REcoin allegedly misrepresented they had raised between $2 million and $4 million from investors when the actual amount is approximately $300,000.
According to the SEC’s complaint, Zaslavskiy carried his scheme over to Diamond, which purportedly invests in diamonds and obtains discounts with product retailers for individuals who purchase “memberships” in the company. Despite their representations to investors, the SEC alleges that Zaslavskiy and Diamond have not purchased any diamonds nor even identified any storage location. Yet they allegedly continue to solicit investors and raise funds as though they have.
Investors in REcoin Group Foundation and/or Diamond Reserve Club May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in REcoin Group Foundation and/or Diamond Reserve Club, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with REcoin Group Foundation and/or Diamond Reserve Club and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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