Titanium Blockchain CEO behind BARs ICO fraud, put behind bars for 4 years By Cointelegraph
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The California-based CEO of Titanium Blockchain has been sentenced to four years of prison — putting an end to a 2018 initial coin offering (ICO) saga that stripped investors of $21 million.
Michael Stollery, who founded Titanium Blockchain Infrastructure Services (TBIS), was a key figure in a “cryptocurrency fraud scheme” which involved an initial coin offering for TBIS — conducted between late 2017 and early 2018, according to the Department of Justice.
SEC ramps up enforcement
Continue Reading on Coin Telegraph
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The California-based CEO of Titanium Blockchain has been sentenced to four years of prison — putting an end to a 2018 initial coin offering (ICO) saga that stripped investors of $21 million.
Michael Stollery, who founded Titanium Blockchain Infrastructure Services (TBIS), was a key figure in a “cryptocurrency fraud scheme” which involved an initial coin offering for TBIS — conducted between late 2017 and early 2018, according to the Department of Justice.
SEC ramps up enforcement
Continue Reading on Coin Telegraph
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