Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian media: Documents indicate that Merav Zafary-Odiz was tasked with stoking confusion about Iran's peaceful nuclear program
Iranian media: The documents indicate that Merav Odiz was tasked with diverting world opinion away from "Israel's" non-peaceful nuclear program
Iranian media: Documents reveal direct coordination between the Zionist entity's representative, Merav Zafary-Odiz, and Grossi
Iranian media: One document reveals that Merav Zafary-Odiz, "Israel's" representative at the agency, requested an immediate meeting with Grossi on May 10, 2016
Iranian media: One document reveals coordination between the [Israeli] entity and Grossi to incite tensions against Iran just five months after the nuclear agreement was concluded
Iranian media: Documents confirm that Grossi began his cooperation with the entity in 2016 and coordinated reports against Iran's peaceful nuclear activities
Iranian media on released documents seized from "Israel": The special relationship between the International Atomic Energy Agency and the Zionist entity began upon the arrival of the current IAEA Director General, Rafael Grossi
Fars: The released documents show that IAEA chief Grossi has been completely coordinating with "Israel" and has been carrying out "Israel's" orders
Fars News Agency publishes first batch of documents that the Iranian Ministry of Intelligence seized through its intelligence operation
Joint statement: Iran, in response to the IAEA decision, will replace first-generation centrifuges at the Fordow nuclear facility with advanced sixth-generation centrifuges

Crypto CEO pleads guilty in $21 million fraud scheme

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Jul 2022 15:00
2 Min Read

Titanium Blockchain's CEO admitted to releasing phony white papers and fraudulent testimonials in an ICO that raised $21 million.

  • x
  • Crypto CEO pleads guilty in $21 million fraud scheme.
    Crypto CEO pleads guilty in a $21 million fraud scheme.

The Department of Justice revealed that the CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS) has pleaded guilty to his role in a $21 million cryptocurrency fraud conspiracy (DOJ).

The DOJ said on Monday the CEO, Michael Alan Stollery, had pled guilty to one count of securities fraud.

Stollery promoted his crypto enterprise as a cryptocurrency investment opportunity, enticing investors to purchase BARs, TBIS' sort of coin token service, through a series of misleading representations, according to court records.

Read next: Beware the New Crypto Scam

Related News

Senate Democrats target Trump crypto scandal with anti-corruption bill

Trump crypto soars after promise to host VIP events for top investors

According to Justice, Stollery failed to register his company's initial coin offering with the Securities and Exchange Commission and did not have a proper exemption.

Stollery also told authorities that he falsified his company’s white papers, which give investors an explanation of the cryptocurrency investment offering and the purpose and technology behind it.

He was also accused of posting bogus client testimonials on his company website and fraudulently claiming to have a good relationship with the Federal Reserve and a dozen other big companies.

Read next: US imposes sanctions on Blender.io over alleged North Korean violation

It stated that he admitted combining investor monies with personal finances for purposes unrelated to his company, such as credit card payments and the payment of bills for his Hawaii condominium.

Stollery is facing up to 20 years in prison and is scheduled to be sentenced on November 18.

  • Cryptocurrency
  • Titanium Blockchain Infrastructure Services
  • Michael Alan Stollery

Most Read

The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025
Iranian Intelligence Minister Esmaeil Khatib in an undated photo (Nournews)

Iranian security minister reveals major intelligence haul on 'Israel'

  • Politics
  • 8 Jun 2025
IAEA leaked to 'Israel' confidential communications with Iran: Fars

IAEA leaked to 'Israel' confidential communications with Iran: Fars

  • MENA
  • 10 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Police officers stand guard at the entrance of Lancaster House, where the trade talks between the U.S. and China are taking place, in London, Monday, June 9, 2025. (AP Photo/Kin Cheung)
Economy

Trump claims US-China trade deal finalized, awaits Xi's approval

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference in occupied al-Quds, Wednesday, May 21, 2025. (AP)
Politics

Netanyahu seeks US-mediated 'peace talks' with Syria's interim govt.

A Pro-Palestinian demonstrator waves a flag on the Brooklyn Bridge during a march Thursday, May 15, 2025, in New York. (AP)
Politics

US pressures countries to boycott UN summit on Palestine recognition

A man waves a flag with a portrait of Russian President Vladimir Putin as thousands gather on Red Square to watch a concert dedicated to the upcoming Day of Russia in Moscow, Russia, Wednesday, June 11, 2025 (AP)
Politics

Yemen’s al-Mashat congratulates Putin, hails Russia’s global role

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS