SEC's Cyber Unit files first charges, alleges fraud scheme

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Monday said its new Cyber Unit has filed its first charges, alleging that a privately held company called PlexCorps and its top two officials had defrauded investors.

The regulatory agency said in a statement that it had frozen assets to halt an initial coin offering, or ICO, fraud that raised up to $15 million from thousands of investors since August by promising a 13-fold profit in less than a month.