⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

SEC Obtains Court Order Against ICO Defrauding Investors of Millions

Published 05/29/2018, 07:00 PM
Updated 05/29/2018, 08:42 PM
SEC Obtains Court Order Against ICO Defrauding Investors of Millions
BA
-

The US Securities and Exchange Commission (SEC) has obtained a courter order to halt the activities of an initial coin offering (ICO) that defrauded investors, the SEC announced May 29. According to the SEC press release, Titanium Blockchain Infrastructure Services Inc. has raised $21 mln from investors both in and outside the US.

A complaint from the SEC that was unsealed today alleges that Titanium President Michael Alan Stollery, or “Michael Stollaire”, lied about business relationships with the Federal Reserve and dozens of well known firms such as Boeing (NYSE:BA), Verizon, PayPal, and Walt Disney.

Continue Reading on Cointelegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.