Unicoin Offering Fraud – Company and Top Executives Charged

May 21, 2025 | KLF Blog

On May 20, 2025, the SEC announced that New York City-based Unicoin, Inc. (“Unicoin”) and three of its top executives, CEO and Board Chairman Alex Konanykhin (Konanykhin); Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez, were charged for false and misleading statements in an offering of certificates that purportedly conveyed rights to receive crypto assets called Unicoin tokens and an offering of Unicoin, Inc.’s common stock.

The SEC has alleged that Unicoin widely marketed rights certificates to the public through extensive promotional efforts, including advertisements in major airports, on thousands of New York City taxis, and on television and social media. Among other things, Unicoin and its executives allegedly convinced more than 5,000 investors to purchase rights certificates through false and misleading statements that portrayed them as investments in safe, stable, and profitable “next generation” crypto assets, including claims that:

  • Unicoin tokens underlying the rights certificates were “asset-backed” by billions of dollars of real estate and equity interests in pre-IPO companies, when Unicoin’s assets were never worth more than a small fraction of that amount;
  • Unicoin sold more than $3 billion in rights certificates, when it raised no more than $110 million; and
  • the rights certificates and Unicoin tokens were “SEC-registered” or “U.S. registered” when they were not.

According to the SEC’s complaint, Unicoin and Konanykhin also violated the federal securities laws by engaging in unregistered offers and sales of rights certificates. Allegedly, Konanykhin offered and sold over 37.9 million of his rights certificates to offer better pricing and target investors the company had prohibited from participating in the offering to avoid jeopardizing its exemption to registration requirements.

The SEC’s complaint also charged Unicoin’s general counsel, Richard Devlin, with violating the antifraud provisions of the federal securities laws by negligently making similar misstatements in private placement memoranda Unicoin used to offer and sell rights certificates and Unicoin common stock. 

For more information, click Unicoin Securities Offering Fraud Complaint. 

Source: SEC.gov

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

 

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FTC Rule on Unfair or Deceptive Fees – FAQs

May 5, 2025 | KLF Blog

The FTC’s Rule on Unfair or Deceptive Fees (16 CFR Part 464) takes effect on May 12, 2025.

The FTC’s Rule prohibits bait-and-switch pricing and other tactics used to obscure and misrepresent total prices and fees for live-event tickets and short-term lodging.

The Rule requires that businesses that advertise prices tell consumers the whole truth up-front about total prices and fees. The Rule covers any business that offers, displays, or advertises live-event tickets or short-term lodging, including third-party platforms, resellers, and travel agents.

Coverage applies whether such offers, displays, or advertisements appear online, including through a mobile application, in physical locations, or through some other means.

The Rule on Unfair or Deceptive Fees: Frequently Asked Questions (FAQs)

To help businesses and consumers comply with the new Rule, the FTC published a detailed FAQ guide covering topics such as:

  • What businesses are covered by the Rule and the Rule’s basic requirements;
  • Examples of live-ticketing events and short-term lodging covered by the Rule;
  • The mandatory fees or charges that must be included in the total price;
  • Which fees or charges can be excluded from the total price;
  • A description of optional add-on goods or services and how the Rule applies to these charges;
  • How business can disclose pricing information “clearly and conspicuously”; and
  • Examples of misrepresentations that may violate the Rule.

To access the FAQs, click FAQs – The Rule on Unfair or Deceptive Fees.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

 

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Kehoe Law Firm, P.C.
2001 Market Street
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Philadelphia, PA 19103

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Know Your Rights: The Truth About Debt Collection Scams

May 5, 2025 | KLF Blog

Getting an unexpected call from someone demanding money can be frightening — especially when they claim you’ll be arrested if you don’t pay. But before you panic or hand over any money, it’s essential to understand your rights and how to spot a scam.

The Federal Trade Commission (FTC) recently took action against a company called Global Circulation, Inc. (GCI), which also operated under names like Consumer Impact Recovery and Total Mediation Solutions. According to the FTC, GCI tricked thousands of people into paying debts they didn’t owe — using illegal threats and deception to extract over $9.6 million from consumers.

Your Rights When Dealing With Debt Collectors

You Cannot Be Arrested for Owing Money

Despite what some fake debt collectors claim, you cannot be jailed for failing to pay a bill. Legal debt collection — like wage garnishment — requires a legal process. If someone threatens arrest, it’s a major red flag and could indicate a scam.

Always Ask for Validation Information

Before paying anything, you have the right to request validation information, including:

  • Name and mailing address of the debt collector
  • The name of the creditor
  • The amount of money owed, including interest, fees, payments, and credits
  • Your debt collection rights

The Fair Debt Collection Practices Act (FDCPA) & Other Helpful FAQs

The FDCPA makes it illegal for debt collectors to use abusive, unfair, or deceptive practices when they collect debts.

Click FTC Debt Collection FAQs for additional, helpful information about your rights.

Concerned About Abusive or Illegal Debt Collection Practices?

Debt can be difficult, but intimidation, deception, and illegal practices are never part of the legal process. By knowing your rights and staying alert, you can avoid falling for these high-pressure scams.

If you believe you’ve experienced unfair, abusive, deceptive, or otherwise illegal debt collection practices, reach out to Kehoe Law Firm, P.C. You can contact an attorney for a free, no-obligation evaluation of your legal options by sending us a message or emailing us at [email protected].

 

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

SEND US A MESSAGE

Contact Us

ADDRESS

Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103

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Tel: 215-792-6676

EMAIL

[email protected]

Restaurant Brands International Faces Class Action for Alleged Privacy Violations

May 1, 2025 | KLF Blog

On April 25, 2025, a class action complaint was filed against Restaurant Brands International, Inc. and Restaurant Brands International US Services (collectively, “Restaurant Brands”) in United States District Court, Northern District of California (Case No. 3:25-cv-03647-JCS).

The class action lawsuit claims that Restaurant Brands misled users of their website, www.bk.com, by falsely promising the ability to opt out of cookies and tracking technologies. Despite users opting out, third-party cookies were allegedly placed on their devices, enabling unauthorized tracking and data collection. ​

According to the complaint:

Even after users elect to manage their ‘Cookie Settings’ and opt out of the sale/sharing of their personal information and all cookies that were not strictly necessary, Defendants surreptitiously causes several third parties – including Google LLC (DoubleClick and Google Analytics), Meta Platforms, Inc. (Facebook), Microsoft Corporation (Microsoft Clarity), Snap Inc. (SnapChat), The Trade Desk, Inc., and AdTheorent, Inc. . . . to place and/or transmit cookies that track users’ website browsing activities and eavesdrop on users’ private communications on the [w]ebsite.

The complaint includes causes of action for invasion of privacy, wiretapping, common law fraud, and unjust enrichment. The plaintiff seeks damages, restitution, injunctive relief, and punitive damages for the alleged violations.

The Class is defined in the complaint as “[a]ll persons who browsed the [w]ebsite in the State of California after opting out of the sale/sharing of their personal information in the cookies consent preferences window.”

To read a copy of the complaint, click Restaurant Brands Class Action Complaint.

Questions About the Class Action?

If you have questions about the class action lawsuit against Restaurant Brands, please send us a message or send an email to [email protected]. 

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

SEND US A MESSAGE

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Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Vehicle Recalls and Investigations – See if Your Vehicle is Affected

Apr 30, 2025 | KLF Blog

Staying alert to vehicle recalls is key to protecting you and your passengers on the road. The National Highway Traffic Safety Administration (NHTSA) regularly publishes safety recalls and investigations covering cars, tires, child seats, and automotive equipment. Check the latest issues below — click each link for full details.

Reported Safety Recalls and Investigations

      How to Check for Vehicle Recalls & Investigations 

      To find out if your vehicle, tires, car seat, or other equipment has an active recall or is under investigation, use NHTSA’s official search tools, which provide information about recalls, investigations, complaints, and service bulletins related to your vehicle or associated products.

      👉 Check for Recalls – NHTSA

      👉 Check for Investigations – NHTSA

      You can search by:

      • VIN (Vehicle Identification Number)
      • Year/Make/Model
      • State and license plate number
      • Car seat, tire, or equipment brand/model
      • Investigations by Date Range

      Questions About a Vehicle Defect, Investigation or Safety Recall?

      If you believe your vehicle or equipment is affected by a safety recall, defect or investigation, you may have legal rights.

      For a free, no-obligation evaluation of potential legal claims, please contact Kehoe Law Firm, P.C. by sending us a message or contacting Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected]. 

      About Kehoe Law Firm, P.C.

      Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

      Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

      Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses. 

      SEND US A MESSAGE

      Contact Us

      ADDRESS

      Kehoe Law Firm, P.C.
      2001 Market Street
      Suite 2500
      Philadelphia, PA 19103

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      Tel: 215-792-6676

      EMAIL

      [email protected]

      Illinois Strengthens Worker Protections Under Amended “One Day Rest In Seven Act”

      Apr 17, 2025 | KLF Blog

      Kehoe Law Firm, P.C. is informing employees in Illinois of their strengthened protections under the recently amended the One Day Rest In Seven Act (“ODRISA”). Effective through the addition of Section 5.5, the amendment makes it unlawful for employers to retaliate against workers for exercising their rights under the Act.

      The new anti-retaliation provision, codified at 820 ILCS 140/5.5 and effective as of March 21, 2025, expands employee protections and ensures accountability for employers who attempt to punish workers for asserting their rights.

      What Protections Does ODRISA Provide to Employees? 

      ODRISA requires employers to provide employees in Illinois a minimum of 24 hours of rest within every consecutive 7-day period.

      Under ODRISA, employees must also be given a meal period of at least 20 minutes for every 7.5-hour shift beginning no later than 5 hours after the start of the shift, with an additional 20-minute meal period if working a 12-hour shift or longer. Reasonable restroom breaks must also be provided.

      NOTE: The day off and meal breaks do not apply to employees whose meal periods and days off are governed by collective bargaining agreements. If a collective bargaining agreement does not specify meal breaks or a day off, the provisions of ODRISA apply.

      Key Protections Under New Section 5.5

      Under the amended law, employers, their agents or officers are prohibited from taking adverse action or discriminating against any employee who:

      • Exercises a right under the Act.

      • Files a complaint with their employer or the Illinois Department of Labor (“IDOL”).

      • Initiates or intends to initiate any proceeding related to the Act.

      • Provides testimony or plans to testify in an investigation or proceeding under the Act.

      What This Means for Illinois Workers

      This amendment gives Illinois employees greater confidence to report violations of their rest or meal break rights without fear of losing their jobs or suffering other retaliatory actions.

      Enforcement and Penalties

      Employees who believe they have been unlawfully retaliated against in violation of Section 5.5 are entitled to recover “all legal and equitable relief as may be appropriate” by filing a complaint with the IDOL.

      Conclusion

      The amendment to Illinois’ ODRISA is a critical step toward protecting workers and promoting healthy, lawful work environments. Employees now have clearer legal backing when standing up for their rights to rest and meal periods — and employers now have a much stronger incentive to follow the law.

      Concerned About Your Rights as an Employee?

      If you have general questions about your workplace rights or believe those rights may have been violated, it’s important to seek legal guidance as soon as possible.

      To discuss your situation, please send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation evaluation of potential legal claims.

      About Kehoe Law Firm, P.C.

      Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

      Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

      Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses. 

       

      SEND US A MESSAGE

      Contact Us

      ADDRESS

      Kehoe Law Firm, P.C.
      2001 Market Street
      Suite 2500
      Philadelphia, PA 19103

      PHONE

      Tel: 215-792-6676

      EMAIL

      [email protected]