Kowala SEZC

Cayman Islands cryptocurrency firm Kowala SEZC and its US-based principals - Eiland Glover, John Reitano, and Walker Willse - are being sued for securities fraud in California regarding 'tokens' known as kCoin for which the defendants allegedly raised more than $3 million but never launched.

Complaint alleging securities fraud involving cryptocurrency in Merkamerica Inc., of California v. Eiland Glover, of Tennessee; John Reitano, of California; Walker Willse, of Tennessee; and Kowala SEZC, of the Cayman Islands, at the U. S. District Court for the Central District of California.