Veritaseum founder and CEO Reg Middleton is in talks with the US Securities and Exchange Commission to reach a settlement on claims that the VERI initial coin offering (ICO) misled investors with regard to the token’s potential value.
Veritaseum “Knowingly Misled” Investors
Back in August, the SEC filed an emergency lawsuit against Veritaseum and its founder in order to prevent him from spending $8 million USD raised by the company in an ICO. The SEC alleges that Middleton “knowingly misled” investors about prior business success in order to increase investor demand for VERI tokens and that …
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
Source: Crypto Currency News
Link: Veritaseum CEO in Pretrial Settlement Talks with SEC