Agent Smith in the Matrix described humans as a “virus. A disease, a cancer of this planet. You are a plague, and we are the cure.” While not alleging all human beings are a virus, the U.S. government views John McAfee, the...more
11/6/2020
/ Anti-Fraud Provisions ,
Bitcoin ,
Celebrity Endorsements ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Financial Crimes ,
Influencers ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Twitter ,
Virtual Currency
Late last month, SoluTech, Inc. and Nathan Pitruzello consented to a cease-and-desist order with the U.S. Securities and Exchange Commission (“SEC”). From April 2018 through March 2019, SoluTech, a technology start-up...more
10/9/2020
/ Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Transactions ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities
After an extended fight with the U.S. Securities and Exchange Commission ("SEC"), Telegram has agreed to resolve charges the company's unregistered offering of digital tokens called "Grams" violated the United States federal...more
Regulators routinely warn the public not to believe everything you read on the internet and that is especially true as it relates to start-up Centra Tech, Inc. (“Centra Tech”). Founded by Robert Farkas, Sohrab Sharma and...more
6/25/2020
/ Celebrity Endorsements ,
Criminal Prosecution ,
Debit Cards ,
Department of Justice (DOJ) ,
Digital Currency ,
FinTech ,
Influencers ,
Initial Coin Offering (ICOs) ,
Instagram ,
MasterCard ,
Misleading Statements ,
Offering Fraud ,
Securities Violations ,
Startups ,
Visa Inc
With the world slowly coming out of the COVID-19 lock down and the economy hopefully on the path to recovery there have been many developments in the blockchain / crypto space over the last few weeks....more
5/19/2020
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
FinTech ,
Fraudulent Investment ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Stock Exchange ,
Unregistered Securities ,
Virtual Currency
The SEC recently filed suit against Dropil, Inc. (“Dropil”), Jeremy McAlpine, Zachary Matar, and Patrick O’Hara, alleging the defendants had defrauded investors in an unregistered offerings of securities described by the...more
It began as an obscure experiment in unregulated virtual currency. Initially undistinguished from Bitcoin, blockchain evolved to become one of the pillars of web 3.0, enabling new means of trust, transparency, security and...more
2/20/2020
/ Accredited Investors ,
Bitcoin ,
Blockchain ,
CFTC ,
Civil Monetary Penalty ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
FinTech ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Self-Reporting ,
Simple Agreement for Future Tokens (SAFT) ,
Token Sales ,
Virtual Currency