Alleged ICO Fraudster Pleads Not Guilty in New York Court

A New York businessman charged with defrauding investors in two initial coin offerings (ICOs) plead not guilty in court last week.

As previously reported, Maksim Zaslavskiy was charged with conspiracy to commit securities fraud just over a month ago. Filings dated Dec. 1 indicate that Zaslavskiy pled not guilty to the charges. And according to a report from Crain’s, Zaslavskiy secured a $250,000 bail requirement with a Brooklyn-based property as collateral.

The case against Zaslavskiy is connected to two ICOs – one claimed to have been tied to real estate and the other connected to precious stones – that prosecutors have alleged were fictitious in nature…

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