According to the Securities and Exchange Commission, Craig Sproule, the founder of Crowd Machine, defrauded investors out of their money, reports Yahoo Finance. For fraud investors about how he planned to use the proceeds of a $41 million initial coin offering (ICO) in 2018, the Securities and Exchange Commission charged Australian citizen Craig Sproule, as well as the two startups he founded, Crowd Machine, Inc. and Metavine, Inc., violating the Securities and Exchange Commission’s rules.
SEC Charges Crypto Firm Crowd Machine Founder With 'Fraud and Unregistered’ ICO Offering
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08 January 2022 15:52, UTC