News/The U.S. Department of Justice Announced the CEO of TBIS Has Pleaded Guilty

The U.S. Department of Justice Announced the CEO of TBIS Has Pleaded Guilty

Jul 26,2022,09:11
The U.S. Department of Justice announced today that Michael Stollery, the CEO of Titanium Blockchain Infrastructure Services (TBIS), has pleaded guilty for his role in a scheme that brought in $21 million through a ICO. According to the DOJ, Stollery called the scheme a cryptocurrency investment opportunity, luring investors to purchase the firm’s $BAR token through a series of false and misleading statements. The DOJ also says Stollery failed to register TBIS’s offering, as required.
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