The CEO of Titanium Blockchain, which once raised $21 million in a fraudulent ICO, has just been sentenced to four years in prison.
to four years of prison — putting an end to a 2018 initial coin offering saga that stripped investors of $21 million.
Investors purchased a crypto token called BARs to participate in the ICO. Approximately $21 million was raised from the United States and overseas, according to the Department of Justice.However, in a United States Securities and Exchange Commission complaint in 2018, Stollery was accused of not having registered the ICO with the regulator, among other accusations.guilty to one count of securities fraud for his role in the “fraud scheme.
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