Description
The SEC sues Grybniak and his companies, Opporty International Inc. and Clever Solution Inc., for conducting a fraudulent and unregistered ICO, which raised approximately $600,000 from nearly 200 investors. The SEC alleged that Grybniak made numerous false and misleading statements to potential investors, including exaggerated number of users on the platform,, falsely claiming the ICO was “SEC regulated,” and asserting partnerships with major companies that did not exist.
Legal Significance
The SEC charged Gryniak and his companies with violation of federal securities laws, including the unregistered sale of OPP tokens and fraud.
Status
Complaint Filed
Case No.
1:20-cv-00327
Date Filed
January 21, 2020
Plaintiff
SEC
Defendant
Sergii "Sergey" GrybniakOpporty International Inc.Clever Solution Inc.
Court
USDC Eastern District of New York
Plaintiff Counsel
Nicholas MargidaKendra KinnairdMark M. OhDerek Bentsen
Defendant Counsel
ParadigmShift Law LLPKatten Muchin Rosenman LLP
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