Other

10/06/19 07:23 UTC-4

Founder of KIK cryptocurrency, Ted Livingston, sentenced to death

On Sunday, June 9th, it was reported that the CEO and founder of the KIK cryptocurrency platform, Ted Livingston, was sentenced to death by a SEC commission for fraud, drug trafficking, prostitution, and the launch of unregistered sale of securities. This was written in Coin Jazeera.

 

Ted Livingston: death sentence

Ted Livingston, founder and CEO of the KIK platform, was sentenced to death in the United States. According to the information, Livingston is accused of securities fraud, the spread of prostitution, drug trafficking and unregistered sale of shares.

As you know, Ted Livingston was detained back in 2017, after conducting an illegal ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details
for the KIN tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
(KIK platform). Then the former director of the Series D venture company was suspected of fraud with valuable assets. After placing the suspect under investigation, unexpected details of his business came to light, such as: drug trafficking on the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
platform, the spread of prostitution, and fraud.

Interesting in the section: Financial geography. Cryptocurrencies in Poland

In addition, it became known that in 2017, convicted Livingston fraudulently lured more than 50,000 Bitcoins from an investor, Erik Voorhees. According to Livingstone, he stole money and engaged in illegal manipulation of digital assets to save his company, the Series D, from bankruptcy.

"Today, Mr. Livingston is crying from prison and pleading for his life after the SEC sentenced him to death for securities fraud, but in fact, for disregard for the law. This is the Shakespearean tragedy of a man who committed fraud to save his company." – Coin Jazeera.

The founder of the  KIK crypto-active, Ted Livingston, was sentenced to death. Earlier, the SEC filed a lawsuit for $ 100 million against Kik Interactive.

Editor: Jerg Wos

See also: "The Korea Post introduces the blockchain to the dispatch system"

#KIK #cryptocurrency #SeriesD #KIN #TedLivingston #SEC #fraud

Comments

Similar

17/05/19 03:00 UTC-4

#DropGold Bitcoin movement is now on American TV channels

​On May 16, it was reported that the popular American TV channels, National Geographic and Fox News, will broadcast a video ad for the DropGold movement. As it became known, the project was financed by Grayscale Investments and Barry Silbert.

03/05/19 06:00 UTC-4

Vitalik Buterin: Ethereum for people!

​On May 3rd, the Ethereum cryptocurrency developer stated that Ethereum coins are intended primarily for ordinary people. According to Vitalik Buterin, cryptocurrencies should become easier and more reliable.

16/06/19 05:00 UTC-4

John McAfee presented Bitcoin wristwatches

​On June 14, a well-known entrepreneur and Bitcoin enthusiast, John McAfee, presented a Bitcoin wristwatch. Watches are not a cryptocurrency wallet and do not have built-in functions, while differing in design in a cryptocurrency style.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other