SEC Halts ICO Scheme and Shares How to Avoid Them
SEC announced a court order to halt an ongoing ICO fraud Titanium Blockchain Infrastructure allegedly raised as much as $21 million from investors How to prevent falling victim to a fraudulent ICO scheme The Securities and Exchange Commission (SEC) announced on May 29 that it had obtained a court order halting ongoing fraud involving an initial coin offering (ICO). “This ICO was based on a social media marketing blitz that allegedly deceived investors with purely fictional claims of business prospects,” Robert A. Cohen, Chief of the SEC Enforcement Division’s Cyber Unit, stated in a news release. Cohen encourages investors to…