SEC Charges Founder Of Crypto Startup With Fraud

Published by
The Street

By Michael Tedder The Securities and Exchange Commission alleges that Craig Sproule, founder of Crowd Machine, misled investors The Securities and Exchange Commission has charged Australian citizen Craig Sproule, as well as the two startups he founded, Crowd Machine, Inc. and Metavine, Inc, for misleading investors about how he is going to use the proceeds of a $41 million initial coin offering (ICO) back in 2018. The SEC’s lawsuit, which was filed in the United States District Court for the Northern District of California, charges Sproule and Crowd Machine with violating antifraud and registr…

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