SEC files emergency lawsuit against Veritaseum to stop spending millions of dollars in ICO money

SEC files emergency lawsuit against Veritaseum to stop spending millions of dollars in ICO money – The Block

The SEC has filed an emergency lawsuit in federal court in Brooklyn to prevent Reginald Middleton and Veritaseum from spending $8 million from an ICO the SEC contends was fraudulently undertaken in 2017 and early 2018. The Court entered a temporary restraining order freezing multiple bank accounts and ethereum wallet addresses on August 12.