SEC Charges Erik Voorhees For Offering Shares Without Registering Them
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,....
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Erik Voorhees, the CEO and Founder of non-custodial exchange Shapeshift, plays down the severity of selling unregistered securities. Speaking about the time when the Securities and Exchange Commission (SEC) charged him for publicly offering shares without registering them, Voorhees said: “it was a total garbage non-crime and I had to deal with them for close […]
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....
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....
Predictably, negativity in regards to Bitcoin is gaining traction as the fiat valuation of it loses the same, and Erik Voorhees, the man behind Coinapult and SatoshiDice you may remember from The Rise and Rise of Bitcoin, has (generously) taken the time to respond to a particularly denigrating article in mainstream website the Daily Dot's supplement The Kernel. The article he is responding to is by Gary North, a person Voorhees feels should know better. If you're wondering why Erik would bother to respond to such an uneducated position, it's because "Bitcoin is ultimately a battle of....
Erik Voorhees joined the "Bitcoin Magazine Podcast" to discuss his history with Bitcoin and outlook on the larger decentralized finance ecosystem. The post Interview: What Bitcoin Started With Erik Voorhees appeared first on Bitcoin Magazine.