TBIS Weekly Episode Eight: The SEC

in #tbis5 years ago (edited)


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.

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.

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?

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People complain and whine and it is they who run to the SEC. Then they come back and complain and whine. You get what you ask for. You want government intervention? Ya got it! LOL!

lol.... I hope you lost money!

Not at all dear sweetie. My point was that we need to make up our minds. We can't say we don't want the government in our lives at all. Then when people like Stollaire come along and scam us, we now want the government in our lives. In addition to that, going to twitter, telegram, facebook, steemit, medium, youtube, etc screaming and ranting won't give you back your money. Am I right? But if you do it to feel good, then I understand. Don't get mad at me, "murdercash". I don't have your money. Don't start this redirection of anger.

I am sorry if you lost money. But there is nothing no one here can do about it. Maybe ban together with some others and start a class action suit.

As much as it pains me to kick someone when they've fallen down, I am glad karma kicked in for this crypto. I bought BAR not knowing it was abandoned by Titanium but still for sale on HitBTC. I wrote Titanium several times asking to be included in the TBAR swap and they never responded. I will be contacting the SEC to add my name to the list of complaints. I know there are others who got burned by the BAR/TBAR fiasco. Please contact me if you would like to form a group.


Well well well, Mr Stollaire....Stollery... whatever the hell your name is! I’m so tempted to post your address right here. Well, you’ll be receiving a nice letter from me....I might even hand deliver it since we live so close. I’d love to have a chat about your plans for the company. Great job so far!!

Please help i need him to return my $$$... :(

I think it is fair to say no more ICO. I personally do not plan on participating in anymore any longer. I legit believe this guy knew what he was doing.

Dear Tbar,
Those few days has gone and you're still quiet! Probably MR Stollaire have a full mouth, I hope, and that's the reason for this expensive silence!
I'm sorry for not being polite but you were the same with us!

So the US SEC fck the all world investors, this token is not a SEC since the begin it is to use in the IaaS, kind like Golem... Now SEC will fck all US based ICO tokens, byebye all US initiated investments, I will invest only in any other Rest-Of-The-World!!! The Rest of the World is bigger than the US.

Fraud ... Michael Stollaire frauded many... is that ETN will be result on same... as Richard Ells of ELECTRONEUM make Stollaire as Advices of ETN????

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