Florida businessman Barry Honig appears to no longer want to settle with the SEC in a case it called 'classic pump-and-dump schemes,' according to a Tuesday filing.
"The parties do not believe there is a possibility of prompt settlement of this case," says a Tuesday court filing signed by all parties.
The SEC already settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings. "Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission's claims for liability," the April motion said.Barry Honig, a venture capitalist and micro-cap investor, was once one of the largest investors in Riot Blockchain."The parties do not believe there is a possibility of prompt settlement of this case, although the Commission has noted its willingness to discuss settlement with any Defendant," the Tuesday filing said.
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