Reggie Middleton Reaches $9.5 Million SEC Settlement Over Alleged ICO Fraud

[Daal]

The news is 3 weeks old but I just found out. One of the new instances where I feel that the SEC did a great job
https://www.coindesk.com/reggie-middleton-reaches-9-5-million-sec-settlement-over-ico-fraud

 

[nooby_mcnoob]

If the tokens were stolen and converted to ETH where will he get the 9.5 million from?

 

[Chuck Krug]

'EOS maker Block.One agreed to pay a $24 million penalty on a raise that totaled $4.1 billion on Sept 20'
Wow, they raised 4.1 billion through an ICO?

 

[Chuck Krug]

Just last week, the commonwealth of Virginia gave Block.One a $600,000 grant to help build out its U.S. headquarters in Arlington, a suburb of Washington, D.C.
They raised 4.1 billion and they apply for a 600k grant?