Voorhees poorer but buoyant following SEC fine
Erik Voorhees is beaten but unfazed after being charged by the Securities and Exchange Commission (SEC) for selling shares in his two companies without proper registration with federal government. Yesterday, the SEC charged Voorhees over US$50,000 in penalties and reclaimed profits from the venture, which took place between 2012 and 2013. Voorhess clarified the situation on Reddit: “I have entered into a settlement agreement with the SEC. With this matter resolved, I look forward to helping to build the Bitcoin industry and the future of finance.” The charges brought against Voorhees refer....
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The US Securities and Exchange Commission (SEC) has formally charged and settled with serial bitcoin entrepreneur Erik Voorhees for the public offering of securities without registering with the federal government. The settlement bans Voorhees from making a bitcoin security offering for the next five years, according to an official SEC release. He must also relinquish profits totalling $15,843.98, as well as pay a penalty of $35,000. The case stems from Voorhees' solicitation of shares in two of his bitcoin-related ventures, SatoshiDICE and FeedZeBirds, which according to the SEC took....
On the latest episode of the Bitcoin.com Podcast, our host Zach Doty sat down with ShapeShift CEO Erik Voorhees to discuss the recent hack that took place at the exchange. Voorhees detailed the events before and after the hack, sharing his personal reactions to the theft. Voorhees spoke with Zach as a follow up to the guest post Voorhees published on....
The second episode of the official Bitcoin.com Podcast is now live. This episode features Erik Voorhees, a huge name in the Bitcoin industry. Our host Zach Doty talked with Voorhees about several topics surrounding the highly contentious Bitcoin block size debate. Voorhees has earned a lot of respect in the Bitcoin community, especially from the....
The United States Securities and Exchange Commission announced on Tuesday that is has charged bitcoin entrepreneur and evangelist Erik Voorhees with offering shares without first registering them, as required by federal securities laws. The share offerings are directly related to two-bitcoin related websites, according to reports. According to the SEC's release, Mr. Voorhees is said to have issued prospectuses and solicited investors to buy shares in SatoshiDICE and FeedZeBirds. Investors are said to have bought shares using bitcoin, which led to profits exceeding $15,000 for Voorhees,....
The chief executive officer of ShapeShift, Erik Voorhees, is cementing himself as a fan of the DeFi space. Decentralized finance (DeFi) has gained many supporters over recent months, Voorhees being one of them. He is an early adopter of Bitcoin that became one of the first public investors and innovators in the space. Related Reading: […]