The U.S. Department of Justice Announced the CEO of TBIS Has Pleaded Guilty

The U.S. Department of Justice announced today that Michael Stollery, the CEO of Titanium Blockchain Infrastructure Services (TBIS), has pleaded guilty for his role in a scheme that brought in $21 million through a ICO. According to the DOJ, Stollery called the scheme a cryptocurrency investment opportunity, luring investors to purchase the firm’s $BAR token through a series of false and misleading statements. The DOJ also says Stollery failed to register TBIS’s offering, as required.