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You are completely right. This guy doubled down twice when he burned through his funds. And got caught with his hands in the cookie jar. You wonder if this cry
by lowdose 7y ago
You are completely right. This guy doubled down twice when he burned through his funds. And got caught with his hands in the cookie jar.
You wonder if this crypto guy actually understood his digital transactions are traceable in the future. This is such an amateur hour, it is probably why he operated alone. What a character, I am looking forward to the movie.
> Explained to viewers in a series of YouTube videos introducing the Offering that their “purchase of Veritas goes directly to fund the transformation of finance” and that “when you purchase Veritas, you create, you fund, the decentralization of this central authority;” that “since Veritas should be or will be a scarce commodity, the more people that come in, the more entities that come in, the more users of Veritas, the greater the demand for Veritas and the more valuable the Veritas is”; and that once potential institutional investors “start looking at these numbers, 30,000% returns . . . negative correlation of assets, there’s going to be a flood, when that flood comes in” there will be “higher demand” for VERI's.
Middleton sold 1.9 million VERI tokens during the ICO phase, raising approximately $14.8 million in 2017.
- rolltiide 7y agoHe understood the transactions were traceable: everything he did is okay when operating under a consumer product framework and not a securities framework. So when moved to securities framework unilaterally by the SEC, then all prior actions and current actions are put under scrutiny too to rationalize putting the prior asset sale as a security There is another perspective and that hearing is reportedly in a few weeks. Its not to disagree with the SEC over securities status, just to come to more agreeable terms over the emergency order and understand why people acted the way they did, instead of a broad paintbrush of malice as described by this docket.