1/ #CryptoCrap - CEO (Michael Stollery
aka Michael Stollaire) of Titanium Blockchain Infrastructure Services Inc (#TBIS)/EHI Internetwork & Systems Mgmt Inc (#EHI) sentenced to 4.25 yrs for the $21m #TitaniumBlockchain (#BAR) crypto #ICO #fraud (justice.gov/opa/pr/ceo-tit…).
2/ According to court documents, from 2017 Michael Stollery, touted #TBIS & the unregistered #TBIS crypto ICO (purportedly a decentralised enterprise infrastructure services platform, monetised by a native crypto token: #BAR). Investors were lured through a series of …
3/ false & misleading statements including fake client testimonials + false claims that he (#EHI) had business relationships with the Federal Reserve & dozens of prominent companies to create the false appearance of legitimacy. ‘Team Titanium’ had apparently “over 2 centuries …
4/ of combined experience”, & #EHI stood for “Excellence, Honesty & Integrity” LOL. Their time was running out, as cease & desist letters came in IRO their fake testimonials/business relationships. In time honoured fashion there was a ‘mysterious theft of #BAR crypto tokens’ …
5/ & exchange for a new crypto token (#TBAR) with a new marketing game - no longer the named blue clip client base but rather the ‘carrot’ of potential big deals with unnamed overseas $billion emerging market companies. The various identities of Michael Stollery, #TBIS & #EHI …
6/ in the scam reportedly had #Coinbase crypto wallets, #PayPal/#Venmo payment processor accounts & multiple #USBank/#WellsFargo/#JPMorganChase bank accounts.
7/7 US crypto litigation enforcement actions have ramped up greatly since mid 2022 & the #CryptoContagion (drive.google.com/file/d/1MDKofI…). Background: ‘SEC TBIS complaint’ - drive.google.com/file/d/15W3ZRr…; ‘TBIS/EHI testimonials/white paper’ - drive.google.com/file/d/1K9ELYd….
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