4 ms·
How so? These are unregulated securities aren't they? It would be no different than me selling you Monopoly money. Maybe I'm missing something here, but I do
by johnvanommen 9y ago
How so?
These are unregulated securities aren't they?
It would be no different than me selling you Monopoly money.
Maybe I'm missing something here, but I don't see what law was broken. Not defending this, just saying this is why we have regulations.
- deleted 9y ago[deleted]
- pcwalton 9y agoThis is a textbook case of wire fraud, a federal offense under United States law. Other countries will have similar laws. In the United States, sentences for $50 million worth of wire fraud can easily run over 10 years.
- DennisP 9y agoAlso the SEC says they're treating most ICO tokens as regulated securities. Given that this one was supposed to "automatically invest user funds into profitable ICO portfolios," it pretty obviously passes the Howie Test.