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According to an announcement by SEC on May 29, 19459006, the US Securities and Exchange Commission (SEC) issued a first digital money offer the investors took the suspension with the court decision on the grounds that they had defrauded. According to the SEC's press release Titanium Blockchain Infrastructure Services Inc . 21 million dollars close capital from both US and foreign investors in total .
Titanium chief Michael Alan Stollery or Michael Stollaire Verizon and Boeing among others, including the Federal Reserve Bank and Walt Disney PayPal
The SEC also published fake documents on the Titanium website, claiming that Stollaire also had business relations with a number of institutional companies in public and fraudulent manner. According to the press release, Stollaire expressed his ICO presentation through videos and social media to invest in Titanium " Intel or with Google ". Robert A. Cohen states on the subject:
"This ICO is an attempt to fool investors with fictional partnerships with social media advertisements.
The authorities complained that the first complaint was filed on May 22, 19459006 in Los Angeles . Although we have been dealing with ICO initiatives that have attempted fraudulent multiple times before, we still advise investors to exercise caution before jumping on these investment initiatives. in the federal district court. SEC officials are accusing both Stollaire and Titanium of the anti-fraud and registration provisions contained in federal securities laws. In this case, the SEC is seeking to make a number of preliminary and permanent decisions, including the penalties and interest of "badly earned profits" and returning investors.
At the beginning of this month SEC warned users against typical ICO fraud and encouraged investors to take training in this issue and to pay attention to it. he published a fake ICO and opened a site about it. The site named Howeycoins.com constituted a complete "good enough investment" example, carrying all the features of a fraudulently organized ICO venture. The site contained a non-specific and exaggerated whitepaper a description of guaranteed profit margins, a statement that the celebrities were included and a countdown clock.
Source:
Coin Telegraph
The post SEC picked up on an ICO project due to fraudulent partnership disclosures, including PayPal and Boeing appeared first on Koin Bulletin.
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