SEC obtained the judgment to terminate the ICO of Titanium

The Securities and Exchange Commission of the United States of America has obtained the judgment to stop the fraudulent placement of ICO tokens, behind which was Titanium Blockchain Infrastructure Services. Within the ICO, violators raised $21 million from investors in the United States and other countries. The court approved the asset freezing and appointed a bankruptcy manager of Titanium. President of Titanium, Michael Alan Stollery, disseminated false information about business relations with the Federal Reserve System, dozens of large companies such as PayPal, Verizon and Walt Disney, posted on the Titanium website fictitious reviews of corporate clients. The SEC requires the return of investment funds with interest and penalties, as well as a ban on Stollery to participate in similar placements in the future.

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