**ALERT: Shipchain $30M ICO Investors Take To The Internet To Complain Of Lost Money**
Crypto “guru” Reginald Middleton faces charges of fraud after the United States Securities and Exchange Commission (SEC) filed a complaint against Middleton and his two companies Veritaseum Inc (based in New York) and Veritaseum LLC (based in Delaware), for allegedly engaging in acts of fraud involving a digital securities offering called “Veri.”
An emergency freeze has been granted by the courts on $8 million out of $14.8 million Middleton allegedly raised in an initial coin offering (ICO) in 2017 and 2018.
In promotions, Veri tokens were supposedly redeemable for advisory services, consulting, and unlimited access to research.
According to the complaint filed by the SEC, Reginald Middleton intentionally misled investors by claiming there was a massive demand for Veri. He would further mislead investors by claiming he had a product ready to make millions in revenue despite the product not existing.
In addition, Middleton allegedly placed a number of trades in Veri tokens to manipulate the marketplace which prompted eager investors to invest more money.
