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The SEC has filed an emergency lawsuit in opposition to Veritaseum (VERI) and its founder Reginald Middleton with the New York Jap District Court docket. The motion goals to stop Mr. Middleton from spending $eight million USD raised by the corporate in an ICO.
“Knowingly Misled” VERI Traders
The SEC alleges that Mr. Middleton “knowingly misled” buyers about prior enterprise success with the intention to enhance investor demand for VERI tokens. The SEC additionally claims that Veritaseum made manipulative trades to extend the worth of VERI tokens. The worth of Veritaseum, the world’s 15th largest cryptocurrency, has fallen practically 45% …
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