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SEC Investigations

Supreme Court Deals Significant Blows to Government’s White Collar Enforcement Efforts

This week, the Supreme Court issued a flurry of important decisions, including two major decisions related to white collar criminal enforcement, both which deal significant blows to the government. Snyder v. United States – Supreme Court Significantly Limits Scope of Key Public Corruption and Bribery Statute The first case, Snyder v. United States, dealt with […]

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CEO of Titanium Blockchain Sentenced to Prison for $21M Cryptocurrency Fraud Scheme

Last Year, Chilivis Grubman attorneys discussed Michael Alan Stollery, the CEO and founder of Titanium Blockchain Infrastructure Services (TBIS), who pled guilty on July 22, 2022 to one count of securities fraud for his role in a cryptocurrency scheme that involved raising approximately $21 million from investors in an initial coin offering (ICO). On March […]

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CEO of Titanium Blockchain Pleads Guilty in $21 Million Cryptocurrency Fraud Scheme

The Department of Justice (DOJ) announced that Michael Alan Stollery, the CEO and founder of Titanium Blockchain Infrastructure Services (TBIS), pleaded guilty to securities fraud for his role in a cryptocurrency scheme that involved raising approximately $21 million from investors in an initial coin offering (ICO). In an ICO, a cryptocurrency company sells digital tokens […]

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SEC Brings Charges Stemming from Alleged Fraud in Connection with the Sale of COVID-19 Test Kits

On May 31, the Securities and Exchange Commission announced that it had charged SCWorx Corp. and its former Chief Executive Officer with making false and misleading statements about SCWorx’s plans to distribute COVID-19 rapid test kits in April 2020. The SEC alleges that, in order to overcome financial difficulties, SCWorx announced in a press release […]

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