SEC Files Emergency Action Against Organizer of ‘Fraudulent’ $15 Million ICO

SEC Files Emergency Action Against Organizer of ‘Fraudulent’ $15 Million ICO – CoinDesk

The U.S. Securities and Exchange Commission (SEC) is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) initial coin offering (ICO). According to an emergency action filed Monday in the U.S. District Court for the Eastern District of New York, Middleton conducted a fraudulent and illegal ICO in 2017 and manipulated the securities’ value afterward.