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CEO of cryptocurrency admits guilt in $21 million scam plot.....

credit: social media

The Justice Department said that a self-described blockchain....

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enthusiast admitted to securities fraud on Friday after using false and.....

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misleading representations to generate $21 million for an ICO.....

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Furthermore, Stollery acknowledged that he did not use.....

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the deposited funds as promised, but rather mixed up the ICO investors.....

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According to Justice, Stollery failed to notify the Securities and Exchange......

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Commission of his company's initial coin offering and lacked a proper exemption.