The US Financial Industry Regulatory Authority first filed a fraud allegation against ICO

in ico •  6 years ago 

The US Financial Industry Regulatory Authority (FINRA) first issued fraud charges related to ICO. FINRA accused Massachusetts resident Timothy Tilton Ayre of defrauding investors by selling a cryptocurrency called "HempCoin." According to the complaint Ayre repackaged HempCoin and promoted it as a security backed by RMTN common stock. It is reported that RMTN is a company founded by Ayre without any value. In addition he also promoted the listing of HempCoin on two exchanges the world's first cryptocurrency representing the equity of a listed company.

ico us cryptocurrency representing fraud
6 years ago by

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