US SEC is negotiating with Reginald Middleton and its company suspected of ICO fraud

On October 9th, the US SEC is negotiating with ReginaldMiddleton and its companies Veritaseum Inc. and Veritaseum LLC, suspected of $15 million in ICO fraud. The SEC formally filed suit against Reginald Middleton, New York company Veritaseum Inc. and Delaware-based Veritaseum LLC. The SEC said that from the end of 2017 to the beginning of 2018, the defendant raised about $14.8 million through ICO and claimed to make significant false statements and omissions to investors. In addition, the SEC believes that the ICO has an investor income of approximately $8 million and requests immediate relief to freeze the defendant's assets. According to the documents submitted, these companies sold tokens called VERI, which were issued on the Ethereum blockchain and linked to ETH in a 30:1 ratio. Remarks: In August of this year, the US SEC filed a lawsuit against a New York man and two companies. The SEC accused these entities of fraudulent and unregistered ICOs between the end of 2017 and 2018 and requested the US District Court to urgently freeze the defendant's assets.