Giga Watt ICO is the Latest Project to Commit Securities Fraud

Initial coin offerings have come under increased scrutiny by the SEC. That is only normal, as a lot of these projects catered to US-based investors. However, very few of these concepts effectively filed with the SEC to issue securities. After Tezos, Giga Watt is now the second major project to feel the SEC’s wrath. The company is effectively being sued for securities fraud as we speak. Whether or not this group of investors will benefit from such legal action, is a big unknown.
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