U.S. Presidential candidate served for alleged securities fraud at rally in NYC

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Presidential candidate Brock Pierce was served for his connection to alleged securities fraud during his campaign rally in New York City earlier today.

Source: Twitter.

James Koutoulas, the lawyer leading this case, told Cointelegraph that Pierce was served legal documents in connection with a class action case against Block.One — a company that Pierce co-founded. Block.One was the company behind EOS’ $4 billion initial coin offering. The project’s ICO was the largest such offering to date.

Brock Pierce has co-founded a number of crypto projects including Block.one, Tether, and Blockchain Capital. The first two have been subject to ongoing legal actions for a number of years.

Pierce announced his long-shot candidacy for U.S. President in July, hot on the heels of Kanye West. His campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded.

This story is developing and will be updated.