sec whistleblower attorneys
August 13, 2020
Kelvin Boon, LLC, Rajesh Pavithran
Offering Fraud
SANCTION AMOUNT: $5750334
Defendants: Kelvin Boon, LLC
Rajesh Pavithran
Settled allegations that the entity Respondent and its CEO created and sold digital coins in unregistered offerings based on false claims, including that the coins were developed on a private blockchain and featured “patent pending” technology to stabilize them through hedges against the U.S. dollar. Respondents allegedly raised approximately $5 million from more than 1,500 investors, which was ordered fully disgorged.
- Key Docs
- Official SEC press release
