SEC charged Unicoin and its top executives with promoting exaggerated claims of 9,000,000% returns and urging early investment by comparing Unicoin to bitcoin’s rise

Event date

May 20, 2025

Quotes that support claims

"Additional examples of the Promoting Defendants’ statements include: (a) social media and website posts that touted potential returns of 9,000,000% based on bitcoin’s 9,000,000% growth in the past 10 years and told investors to 'take advantage of the early days of Unicoin and get them today,' highlighting that 'Bitcoin experienced a tremendous rise in value, transforming early adopters into millionaires, and even billionaires,'" the filing said.

Tags

Week 21 of 2025