The U.S. Securities and Exchange Commission (SEC) is seeking over $16 million in disgorgements and civil penalties from the token sale platform ICOBox and its founder Nikolay Evdokimov.

FinanceFeeds reported the news on Friday, citing the latest filings with the California Central District Court. The regulator is pushing for a default judgment in the case. ICOBox and Evdokimov were sued by the SEC in September for illegally raising $14 million via unregistered securities sale of “ICOS” tokens to more than 2,000 investors. In addition to the sale, ICOBox was accused of facilitating the sale of another $650 million in token sale for “dozens of clients” through its platform, thereby acting as an unregistered broker.

“By ignoring the registration requirements of the federal securities laws, ICOBox and Evdokimov exposed investors to investments, which are now virtually worthless” Michele Wein Layne, regional director of the SEC’s Los Angeles Regional Office, said at the time.

The SEC is now seeking disgorgement of $14,600,000 plus prejudgment interest thereon in the amount of $1,459,428.99, for a total of $16,059,429.99 from ICOBox and Evdokimov, per Friday’s report. Evdokimov is ordered to pay a civil penalty in the amount of $189,426. The defendants will have to pay the penalties to the SEC within 14 days after entry of the judgment, per the report.