The ICO Veritaseum (VERI) is like the crusade of the U.S. Securities and Exchange Commission to the victim. Investors should be encouraged between 2017 and 2018, with false promises to an Investment in the VERI Token. The SEC has now before the court, a Freeze of the Veritaseum assets to enforce.
By Christopher clover
14. August 2019BTC$11.401,00 -0.43%part Facebook Twitter LinkedIn xing mail
The American stock exchange and the securities regulatory authority, the SEC has, once again, the regulatory Hammer circles can. This time it met with Veritaseum an Initial Coin Offering, the could between to collect in 2017 and 2018, a total of 14.8 million dollars of investors ‚ money. The SEC has received from a New York court, the authorization for the Freezing of at least US $ 8 million, which had taken Veritaseum with the sale of the Token VERI,.
the focus of the authority is Veritaseum-founder Reginald Middleton. He is alleged to have investors are deliberately misled. The company’s founder, is said to have spoken about from a market-ready product, although no product was available. In addition, the SEC alleges that Middleton, to have incorrect information on demand to the VERI Token made. In addition, Middleton will have started to transfer parts of the collected funds to his private account. In particular, the Latter has caused the SEC to the Plan:
After we had learned of the Middletons money transfer, we have acted quickly to prevent the further dispersion of investors ‚ assets,
Marc P. Berger, the SEC said regional Director for New York, in a press release.
Whether in digital currency, or in a simple currency, we will act to protect the assets of investors and to prosecute fraud and Manipulation in our securities markets.
The SEC is seeking in addition to a compensation of the investors through Veritaseum a ban for Middleton to continue as managing Director and Director.
ICO without white paper
chief analyst Dr. Philipp Giese has already expressed in July of 2017, a strong doubt as to Veritaseum:
Veritaseum is an Asset that gives reason for criticism. An ICO was made without a real white paper that the website has a very chaotic Design, and that the actual developer behind the Coin has no Reputation in the crypto-sphere, is true skepticism. This impression is corroborated by a very generic Smart Contract, which is based on the Token Sale, rather than weakened,
so Dr. Giese at the time.
SEC vs. ICO
The Securities and Exchange Commission determined for some time, against hundreds of ICOs. Especially the legendary ICO-bubble in 2017, has prompted the authority to take Initial Coin Offerings increasingly targeted. The zealous Hatz on ICOs has its root in the Position of the SEC that, in the case of ICOs issued tokens in the paper character. This means that an ICO in the United States requires a mandatory registration with the SEC – which retail investors are to be protected. Because of this rigorous attitude of the SEC, investors are excluded residing in the United States, in the meantime, most of the ICOs.
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