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Court affirms terminating sanctions & default (aka, case over, you lose) against Ringgold for submiting false declarations to defend against the SEC’s case, finding the dec's were false, they were submitted willfully and that terminating sanctions were appropriate under Malone /1 Image
Ringgold and #Blockvest marketed an #ICO selling BLV tokens falsely marketing them as “registered” and/or “approved” by the SEC, CFTC, NFA, and touting “partner[ship]” with Deloitte, and createda fictitious regulatory agency, the #Blockchain Exchange Commission
Defendants filed declarations in opposition to govt's motion for preliminary injunction; in later discovery, it was revealed that declarations were forged, included misrepresentations and false statements were made in Dorsey and Vaculik’s declarations.
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