Fiat Daily posted on August 14, 2019 22:31:10
Founder used proceeds of the ICO for personal expenses apparently and made claims of having sold to certain parties, which ultimately doesn't seem to be true either. This is unfortunately how many of ICO's have ended or will end eventually. Assets have been frozen, INCLUDING 15 Ethereum addresses???? How does that work exactly, freezing Ethereum addresses? https://www.coindesk.com/sec-files-emergency-action-against-organizer-of-fraudulent-15-million-ico
stellarowl12 posted on August 13, 2019 01:26:10
Welp, looks like this one is a scam for the history books. Reggie Middleton, the owner, raised millions during the ICO and promised a ton of stuff to investors that never came to be. Now he's been looking to move funds around but the SEC is filing an emergency stop ruling to prevent any further misappropriations of investor money. Check out this article from Bloomberg news for more info... https://news.bloomberglaw.com/white-collar-and-criminal-law/sec-sues-to-stop-financial-guru-from-using-coin-offering-funds?utm_source=rss&utm_medium=WCNW&utm_campaign=0000016c-8748-da22-a7ff-a74950950001
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