Published 2 years ago

Crypto CEO pleads guilty in $21 million fraud scheme

Summary by Ground News

Michael Alan Stollery pleaded guilty for his role in a cryptocurrency fraud scheme. The investment platform's initial coin offering raised around $21 million from investors. He admitted to falsifying aspects of TBIS white papers, planting fake client testimonials on the website with misleading claims.

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The Hill

Crypto CEO pleads guilty in $21 million fraud scheme

The CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS) has pleaded guilty to involvement in a $21 million cryptocurrency fraud scheme, according to the Department of Justice (DOJ). In …

2 years ago·Washington, United States

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IBTimes

Titanium Blockchain Head Pleads Guilty To ICO Fraud

Michael Alan Stollery, the CEO and founder of Titanium Blockchain Infrastructure Services Inc. (TBIS), has pled guilty to organizing an Initial Coin Offering (ICO) scam involving BAR, the native token of the blockchain firm.

2 years ago·United States

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Coin Desk

Titanium Blockchain CEO Pleads Guilty in $21M Securities Fraud Case

Michael Stollery admitted to carrying out a fraudulent initial coin offering in 2018.

2 years ago·Manila, Philippines

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Investing.com

Titanium Blockchain CEO Pleads Guilty in $21M Crypto Fraud Scheme By CoinQuora

Titanium Blockchain CEO Pleads Guilty in $21M Crypto Fraud Scheme

2 years ago

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Bloomberg Law

Crypto CEO Pleads Guilty in $21 Million Investment Fraud Scheme

Michael Alan Stollery, the CEO of Titanium Blockchain Infrastructure Services Inc. of California, pleaded guilty for his role in a cryptocurrency fraud scheme involving the investment platform’s initial coin offering, which raised around $21 million from investors, the Department of Justice announced Monday.

2 years ago·Arlington, United States

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justice.gov

CEO of Titanium Blockchain Pleads Guilty in $21 Million Cryptocurrency Fraud Scheme

The CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS) pleaded guilty Friday in the Central District of California for his role in a cryptocurrency fraud scheme involving TBIS’s initial coin offering (ICO) that raised approximately $21 million from investors in the United States and overseas.

2 years ago

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