Paragon Coin Inc., its founders and executives, and rapper Jayceon Terrel Taylor—higher often called The Recreation—have been ordered to pay $12.1 million after a federal district court docket entered default judgment in favor of sophistication plaintiffs in a securities swimsuit.
The lawsuit alleged that Paragon, now bankrupt, defrauded 1000’s of U.S. traders who bought digital “PRG tokens” throughout the firm’s 2017 preliminary coin providing.
The judgment was entered by the U.S. District Courtroom for the Northern District of California Thursday, after granting plaintiffs’ movement for default judgment towards Paragon Coin, founders Jessica VerSteeg and Egor Lavrov, executives Eugene “Chuck” Bogorad, Alex …
