The Securities and Exchange Commission has charged an Australian man for allegedly making false claims related to an unregistered initial coin offering (ICO).
The US securities regulator charged Craig Sproule and his two companies, Crowd Machine and Metavine, over an ICO of the firms’ Crowd Machine Compute Tokens (CMCTs). The offering occurred from January to April of 2018.
The SEC claims Sproule publicized that the ICO proceeds would go to new technology development for Metavine, enabling the firm to run its app-development software on a decentralized network. Instead, the SEC claims Sproule and Crowd Machine diverted the $5.8 million to gold mining entities in South Africa without alerting investors.
Furthermore, the SEC claims that the CMCT sale constituted an unregistered securities offering, and that Sproule and his firms knowingly sold the tokens without determining if the investors were accredited.
The SEC filed its complaint in the United States District Court for the N
We współpracy z: https://www.theblockcrypto.com/linked/129459/sec-charges-crowd-machine-over-allegedly-unregistered-ico?utm_source=rss&utm_medium=rss
