SEC Freezes Accounts Of Veritaseum And Its Founder Reggie Middleton
14 August 2019 13:08, UTC
According to a lawsuit filed on Monday, Middleton conducted a fraudulent and illegal ICO in 2017 and subsequently manipulated the value of tokens. The organizer is accused of disseminating false information about the business, as well as of trading on the open market in order to raise the price of VERI. In addition, the SEC claims that he illegally appropriated at least $520,000 of investor money for personal purposes, as well as $600,000 for the purchase of precious metals to implement another fraud
13-08-2019 12:50:41 | News
Reggie MIDDLETON was unable to register the Veritaseum ICO with the SEC and stated that the coins were not securities, but investments in a technology platform or personal brand. He also described VERI tokens as prepaid fees, software, or compared them to WalMart gift cards. The SEC claims this entanglement was an attempt to circumvent the law.
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