Veritaseum Price Drops 50% Under SEC Fraud Charge
Securities Commission and exchanges USA (SEC) sues New Yorker and two related company, writes Cointelegraph. According to SEC, they are were convicted of conducting a fraudulent unregistered initial coin offering (ICO) in 2017-2018 years. The regulator asks the court to issue an immediate freeze order assets defendants.
According to published in networks documents, the SEC intends to prosecute Reginald Middleton, as well as Veritaseum Inc. and Veritaseum LLC.
The Commission writes that the defendants attracted $ 14.8 million via ICO in late 2017 – early 2018, misleading along the way investors relatively significant circumstances and deliberately withholding some information. The SEC believes that the organizers of the ICO yet about $ 8 remains million illegally collected funds, which it and asks to freeze.
Besides Togo, the plaintiff asks the court publish order, which will allow him to access the whole of interest him documentation and will prevent concealment information the defendant, for example by their destruction. Also SEC wishes obtain permission to get acquainted with the remaining assets of the project.