SEC takes action against financial charlatan who operated a $14M fraudulent ICO

SEC takes action against financial charlatan who operated a $14M fraudulent ICO

The United States Securities and Exchange Commission (SEC) is taking action against a New York-based individual in an attempt to safeguard investor funds that were raised through an allegedly fraudulent initial coin offering (ICO). The SEC filed a complaint yesterday against “self-described financial guru” Reginald Middleton and two of his companies, Veritaseum LLC and Veritaseum Inc.