Bitcoin and other so-called “cryptocurrencies” are all the rage these days. With a virtual currency skyrocketing in value from $1,000 to $7,000 in just a little less than a year, the public’s appetite for these virtual currencies and block chain technology seems to have no end. But with big money comes big greed, along with entities and people who are eager to fleece investors.
If an ICO (initial coin offering) is tainted by fraud, a whistleblower who tips off the SEC can obtain up to 30% of the recovery, and the investors can get their funds back. So, for example, if you know that an initial coin offering for $50 million dollars is actually raising money for the business or functioning as an investment that should be registered, you stand to receive up to $15 million dollars for doing the right thing and turning them in.
Our Initial Coin Offering whistleblower attorneys want to hear from you. We’re only paid if we win your case. Call us 24/7 at 1 (877) 561-0000 to discuss your matter. Cryptocurrency cases we’ll consider:
✓ Initial Coin Offerings with false or misleading statements.
✓ Initial Coin Offerings used as a security rather than a currency
✓ Funds from an ICO used to support the business itself without proper disclosure
✓ Bitcoin “clubs”; funds that haven’t been properly registered
✓ Cryptocurrency securities or cooperatives that are not properly registered or monitored
Generally, people with inside information (or former insiders) are the best cryptocurrency whistleblowers; however, even an ordinary investor may have a claim. Call us regarding your cryptocurrency concerns. The sooner the better – fraudulent funds can disappear in the blink of an eye unless a whistleblower helps the SEC freeze the funds before that happens.