SEC takes action against financial charlatan who operated a $14M fraudulent ICO

August 13, 2019

The United States Securities and Exchange Commission (SEC) is taking action against a New York-based individual in an attempt to safeguard investor funds that were raised through an allegedly fraudulent initial coin offering (ICO). The SEC filed a complaint yesterday against “self-described financial guru” Reginald Middleton and two of his companies, Veritaseum LLC and Veritaseum Inc. In the complaint, the SEC is calling for emergency stop action to prevent Middleton from being able to access what remains of the funds he raised in the “VERI Token” ICO. At present, Middleton is in possession of $8 million worth of investor funds –…

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Source:: The Next Web – Technology

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