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This 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 $
by pcwalton 9y ago
This 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.