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An "emergency freeze" of moneys that were raised in 2017 and 2018... On Aug. 12, 2019, the court entered an emergency freeze to preserve at least $8 million of
by charlesdm 7y ago
An "emergency freeze" of moneys that were raised in 2017 and 2018...
On Aug. 12, 2019, the court entered an emergency freeze to preserve at least $8 million of the $14.8 million the defendants raised in 2017 and 2018 in an offering of digital securities."
- FireBeyond 7y ago"What appears to have precipitated this filing, in part, is that after the SEC told Defendants’ lawyers that they were likely to recommend filing of enforcement action, Defendants “moved more than $2 million in remaining offering proceeds from a blockchain address they controlled into other addresses, and used a portion of those funds to purchase more precious metals.” When asked by staff to not spend any more of the SEC funds, Defendants refused."