Missouri Secretary of State Halts Mining Business Over 'Deceptive Tactics'
Missouri Secretary of State Jason Kander has ordered a local bitcoin mining hardware company to halt operations, citing a number of concerns. The mining company, Virtual Mining Corporation (VMC), is headed by CEO Kenneth E. Slaughter and has been involved in the bitcoin space since 2009. VMC's parent company, AMC, is currently developing 28nm ASIC mining chips of its own, and it is this side of the business that has caused Kander to act. 'Deceptive tactics'. Kander claims that Slaughter used 'deceptive tactics' to raise money for the development of bitcoin mining rigs, with the Secretary....
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Missouri Secretary of State Jason Kander has reported halted the bitcoin-related operations of a man residing in Springfield, according to a report from the Springfield News-Leader. The report indicates that Kenneth Slaughter used "deceptive tactics" to try and convince investors in the online space to pay for the development of equipment used to mine bitcoin. "The fact that somebody is selling investments through Bitcoin rather than traditional currency doesn't change their obligations to investors, and I encourage Missourians to call my office before making any Bitcoin investments," said....
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator also exposes the true extent of losses that were incurred by the bitcoin investment company. For instance, in what the FSCA calls the “first period,” MTI had a “total of nearly 51 bitcoin (that) were deposited with....
On Thursday, Missouri Secretary of State, Jason Kander, issued a warning to investors who are considering moving into the high-risk but potentially high-reward world of crypto-currencies. In the news release, Kander explains: “With digital currency or any other emerging investment opportunity, the safest approach is to be cautious. It’s important to recognize that in many cases not even the supposed Bitcoin and digital currency experts know enough about the product to help you make a fully informed investment decision. It’s best to rely on only the most reputable sources of information and....
Butterfly Labs, a failed Bitcoin miner manufacturer, has been shut down by the Federal Trade Commission. According to a statement published on the regulator's website, the FTC shut down Butterfly Labs pursuant to a court order obtained from a court in the Western District of Missouri. Also read "We need to talk about Butterfly Labs". This past week, the FTC slapped Butterfly Labs, a Kansas bitcoin miner manufacturer, with a lawsuit. In the civil lawsuit, the FTC found that Butterfly Labs had contravened section 5(a) of the FTC Act by engaging in "unfair or deceptive business practices in....
State Rep. Christofanelli said he wants to create greater economic and political freedom in Missouri.