SEC Requests Freeze on Assets in Connection With Alleged $15M ICO Fraud

SEC Requests Freeze on Assets in Connection With Alleged $15M ICO Fraud
imageCryptocurrency News10 hours ago (Aug 12, 2019 07:41PM ET)

SEC Requests Freeze on Assets in Connection With Alleged $15M ICO Fraud

The United States Securities and Exchange Commission (SEC) has filed a complaint against a New York-based man and two of his companies. The SEC alleges that these entities conducted a fraudulent and unregistered ICO from late 2017 to 2018, and is requesting that a U.S. District Court issue an emergency freeze on the defendants’ related assets.

Hindenburg Research shared the SEC’s filing for a jury trial in a post on Aug. 12. According to the document, the commission is formally filing a complaint against Reginald Middleton, the New York company Veritaseum Inc. and the Delaware-based company Veritaseum LLC.

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SEC Requests Freeze on Assets in Connection With Alleged $15M ICO Fraud

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