Source: https://es.scribd.com/document/386399573/Unikrn
Timestamp: 2019-04-21 10:17:35+00:00

Document:
Alexander v. Take-Two Interactive Software, Inc.
8 of all others similarly situated, NO.
2 (hereinafter the “Official ICO” or “Token Sale”), or anytime thereafter.
9 112,000 ETH, worth approximately $29,436,000 at the time, through the sale of UKG.
3 6. In a number of recent speeches, the SEC’s leadership has reinforced this view.
21 by characterizing the UKG sold during its ICO as a “utility token,” rather than a security.
Were Securities (July 25, 2017), https://www.sec.gov/news/press-release/2017-131.
5 SEC. No exemption to the registration requirement was available for Defendants’ offer and sale.
2 to sales to accredited investors, UKG Tokens were offered to the general public in the ICO.
16 invested assets, or the equivalent in monetary damages as restitution.
19 mentioned herein and invested 10 Ethereum in the UnikoinGold ICO on September 23, 2017.
21 Token Sale. No copy of these purported Terms was ever sent to Plaintiff.
ICO Terms, supra note 2, at 15.
3 Washington. Unikrn is owned and controlled by Defendants Rahul Sood and Karl Flores.
8 Bermuda’s Chief Executive Officer, and Defendant Flores has been its Chief Marketing Officer.
19 Tokens to members of the general public throughout the United States and the world.
23 ltd-david-antivilo-52840 (last visited May 7, 2018).
6 belief, at all times relevant to the Complaint, Karl Flores lived in Seattle, Washington.
2 even transfers of stock certificates.
15 where they are tradable for virtual or fiat currencies.
21 profits, shares of assets, use of certain services provided by the issuer, and/or voting rights.
8 creating the UKG Token.
18 response to user requests to add value to the basic UKG Token.
14 these quotes from the White Paper.
7 licenses.” 10 (emphasis added).
14 not operational at the time of the Official ICO.
18 end-all token for the esports gaming communities.
Unikrn, Rahul Sood AMA: UnikoinGOLD, Cryptocurrency and Esports (“YouTube interview”), YOUTUBE (Aug.
Defendants on the open market or to private investors.
a betting reserve, and 10 percent would be given to Unikrn’s founders and employees.
end of the Official ICO in October 2017.
3 percent of its value.
7 [15 U.S.C. §§ 77l(a)(1) and 77o(a)], and is based solely on allegations of strict liability.
10 Tokens were meant to hold value on their platform.
20 UKG Tokens “utility tokens” then they would magically not be securities.
3 ETH, or the equivalent of virtual currency invested.
14 that were the subject of these SAFTs were UKG Tokens.
19 conditioned to expect would be worth more than their initial virtual currency investments.
20 Indeed, Defendants often touted the potential profit to be made from investing in the UKG ICO.
5 writes that token buyers can use in-game skins to buy UKG Tokens.
8 exchanges where UKG Tokens can be bought and sold.
23 to become a standard across e-sports.” (emphasis added).
12 purportedly sold as SAFTs to 75 investors.
3 losses with the value of UKG Tokens declining substantially since the ICO.
6 their investment with a reasonable expectation of profits, as described below.
12 dramatically increase usage and utility.” (emphasis added).
17 billion-dollar industry that creates profits for both platform operators and traders.
21 Tokens “[m]ay be purchased and sold through third-party exchanges. (emphasis added).
2 value of the UKG Token.
5 priority, and that is why we exist.” (emphasis added).
15 tokens if they want to when they’re done betting.” (emphasis added).
Unikoin Gold Charts, COINMARKETCAP, https://coinmarketcap.com/currencies/unikoin-gold/.
15 value outlook, then I don’t know what to tell you. (emphasis added).
2 deceive purchasers and artificially inflate the perceived value of the UKG Token.
7 the next three years.” (emphasis added).
15 others believed in our vision. (emphasis added).
2 operation in our space. (emphasis added).
8 derive profits by purchasing the UKG Token.
11 ability for UKG Token purchasers to trade the UKG Tokens for value on exchanges.
20 minimum amount of $4,500.00.
18 for fiat or digital currency without ever using the UKG Token on the UnikoinGold platform.
23 CRUSHCRYPTO (Sept. 18, 2017), https://crushcrypto.com/analysis-of-unikoingold/.
14 iterations of the White Paper, those tokens did not have any functionality at the time of the ICO.
21 some of these new features between 90-180 days after the token sale.” (emphasis added).
16 employees hired by them.
21 and told the community to expect more applications on or around November 13.
6 a third of their value in terms of USD since the Official ICO.
12 December 17 to about fifty cents ($0.50) by December 21, 2017.
20 UKG Tokens reached their all-time high price of $2.35.
3 and a half cents each ($0.055).
17 thirty cents ($.0.30) per UKG Token Official ICO price.
10 market as a result of Defendants’ successfully soliciting their purchases of UKG Tokens.
12 entity related to or affiliated with any Defendant.
1 101. Lead Plaintiff’s claims are typical of the claims of the other members of the Class.
4 of any interests that conflict with or are antagonistic to the interests of the Class.
8 and Lead Plaintiff is aware of his duties and responsibilities to the Class.
2 restitution and the proper calculation and amount of those damages.
4 adjudication of this controversy since joinder of all Class members is impracticable.
8 be no difficulty in managing this action as a class action.
11 with respect to the Class as a whole.
18 107. This Count is brought pursuant to §12(a)(1) of the Securities Act, 15 U.S.C.
19 §77l(a)(1), on behalf of the Class, against all defendants.
21 scienter or fraudulent intent, which are not elements of a §12(a)(1) claim.
or for damages if he no longer owns the security.
§5 of the Securities Act.
UKG Token ecosystem. See generally SEC v. W. J. Howey Co., 328 U.S. 293 (1946).
7 Sood, and Karl Flores.
16 Unikrn controlled Sood, Flores, and all of its employees.
18 control persons under Section 15 of the Securities Act.
14 Plaintiff respectfully requests a trial by jury on all issues so triable.
15 DATED this 13th day of August, 2018.
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References: v. 
 §12
 §77
 §12

§5
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