This has just broken over the past few days. "THE BIGGEST NEWS IN THE (CRYPTO/FINANCE) INDUSTRY". Please have a look at his video and consider the future of P2P capital etc. The first 5 minutes explains a lot! How will this impact current defi cryptos (and others)? RM is the creator of VERITASEUM.
Source link https://www.sec.gov/news/press-release/2019-150 Washington D.C., Aug. 13, 2019 — The Securities and Exchange Commission announced fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. 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. The SEC filed charges against Reginald “Reggie” Middleton, a self-described “financial guru,” and two entities he controls, Veritaseum, Inc. and Veritaseum, LLC (collectively Veritaseum). The Commission’s complaint, filed in federal court in Brooklyn, New York, alleges that the Defendants marketed and sold securities called “VERI” tokens on the internet, inducing retail investors to invest based on multiple material misrepresentations and omissions. Among other things, Defendants allegedly knowingly misled investors about their prior business venture and the use of offering proceeds, touted oversized – but fictitious – investor demand for VERI, and claimed to have a product ready to generate revenue when no such product existed. The complaint further alleges that Middleton manipulated the price of the VERI tokens trading on an unregistered digital asset platform. The complaint also alleges that Middleton recently moved a significant amount of investor assets and then dissipated a portion of those assets, transferring them to Middleton’s personal account.
The SEC action against RM is old news. What is new is the news re his approved patent applications in The US (and Japan with patents still pending in a number of major areas). we shall now see how the SEC further pursues RM and the Claim(s) against him. How will RM’s Patents affect those companies involved with DeFi, FX, P2P etc.? Who are the Biggest Users & Patent Protection Filers of DeFi tech? have a listen here. https://twitter.com/i/spaces/1mnxedZdwbnJX
Source Link https://www.americanbar.org/groups/...lity-blockchain-technology-future-innovation/ The Patentability of Blockchain Technology and the Future of Innovation
GC RM’s patent applications have been granted. It all began back in 2014. It is potentially a real game changer in the “Financial” / trade sector. will it win?
