TBIS Weekly Episode Eight: The SEC
Dear community,
Titanium Blockchain Infrastructure Services is subject to a receivership order entered by the United States District Court for the Central District of California. The receivership order was part of a Temporary Restraining Order (TRO) issued in connection with an action filed by the U.S. Securities and Exchange Commission (SEC).
Titanium has cooperated with, and fully intends to continue cooperating with the SEC’s investigation in accordance with the terms of the TRO. As is often the case, a receiver was appointed in this matter (Case No. 18-4315 DSF (JPRx)). Titanium’s receiver has just begun his efforts to identify assets of the company. He will work closely with the SEC and TBIS to achieve the best possible outcome for Titanium’s community of token holders, employees, and associates.
Please find a copy of the SEC’s written statement issued on May 28, 2018 here: https://www.sec.gov/news/press-release/2018-94. More information will be made available in the coming days. Further information on behalf of TBIS Inc. will be issued through, or on behalf of, Titanium’s court appointed receiver. Additional information may also be made available by the SEC.
TBIS official Telegram chat (https://t.me/TbisOfficial) is no longer managed. Information posted there and on other social media sites may contain false statements, including those made by individuals associated with and/or impersonating one or more Titanium employees or officers.
We leave you in the best possible hands and welcome the objectivity of our receiver and the SEC. Per instruction, and as usual, product development continues quietly in the background.
We are Titanium
I think the words "Shock-Proof" should be taken off the Titanium banner :) Now I have BAR and TBAR that are worth almost nothing. At least the loss can be used against any profits I make, if the overall market turns around. ICO's have been such a mixed bag for me, they either do really well or end up like this. Think I'll stick to more established coins from now on. I didn't trust Michael Stollaire at fist, should of stuck with that gut instinct.
I remember the videos Michael made after the „theft“ of the original BARs he was telling people that whoever did that would be chased down by him and should never, ever have a beautiful life again. He wanted to use all of his „influence“ to make life a hell for that person.
Well it’s seems that it is time that life gets hell for himself.
He does not even comment himself I any media, what can you expect?
Whatever happens now, guilty or not, he should pack his things and leave crypto. If there is any product left after all, which I doubt, I do net believe it will be a success.
Holding my bar and tbar forever to remind me about this great, new,uncontrolled crypto dream that scams like this are about to destroy. Well done Mr. Stollaire!
This was the worst most useless update ever.
"TBIS official Telegram chat (https://t.me/TbisOfficial) is no longer managed."
"We leave you in the best possible hands"
yeeaahh.. that makes sense. ALL the while price of coin has dropped over 90% from ICO price.
Should have stuck with gut instinct that Stollery was not legit.
Ahh yes.. that 'got scammed' feeling.
Michael Stollaire, faces charges of securities fraud after the SEC discovered an ongoing fraud involving his Titanium ICO, which authorities said raised as much as $21 million from investors.
https://coingeek.com/feds-charge-blockchain-evangelist-21m-titanium-ico-scam/
Is Michael Stollaire is behind bars???
I pray Michael stollaire rots in jail. Thief. My God will not let you go without severe punishment
class action lawsuit next. learn how to run a fuckin' company before you decide to create a blockchain project.
Fucking scam
Two coins to nearly zero in just a couple of months?
Titanium > Bitconnect
So its end up scam??damnedd!!!
just received the ICO package recently. guess i can burn it away. was too foolish to believe such scam. life goes on.
Hope we get something out of this, or at least lets hope somebody pay with jail time then
Which hands are you specifically leaving us with?
What platform are we now to get official information now on?