SEC files emergency lawsuit against Veritaseum to stop spending millions of dollars in ICO money
The SEC has filed an emergency lawsuit to prevent Reginald Middleton and Veritaseum from spending $8 million in ICO proceeds according to The Block. The SEC alleges that the offering made “material misrepresentations and omissions” about the VERI tokens, “knowingly misled” investors about prior business success and investor demand for VERI in order to get investors to buy the tokens.
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