Will The Elders, Grandfather, Madam Woo Bail "Dinar Guru" Dave Schmidt (Meta 1 Coin) Out Of Jail?
Will The Elders, Grandfather, Madam Woo Bail "Dinar Guru" Dave Schmidt (Meta 1 Coin) Out Of Jail?
by RamblerNash on Wed Apr 22, 2020 10:59 pm
Texas Judge Orders Arrest for Ex-State Senator for ICO Scam
He profited promoting a $4.3 million fraudulent ICO.
Arnab Shome | News ( CryptoCurrency ) | Wednesday, 22/04/2020 | 12:09 GMT+2
Photo: iStock
A Texas federal judge has issued a bench warrant against former state Sen. Dave Schmidt and another accomplice for an initial coin offering (ICO) scam on Tuesday.
The order was passed as the Securities and Exchange Commission (SEC) moved against the former Washington state senator and two Florida residents – Robert Dunlap and Nicole Bowdler – for illegally profiting from defrauding customers with an ICO that raised $4.3 million through soliciting investors from the US and abroad.
The fraudulent project promised the investors that the Meta 1 coins were backed by “$1 billion in fine art or $2 billion of gold holdings,” however, in reality, none of these tokens even exist.
The bench warrant was only passed against Schmidt and Dunlap as they failed to appear before the judge in a hearing arranged via video conferencing due to the COVID-19 restrictions.
The third defendant was only given a final opportunity to comply with the court by Friday.
A shady senator with previous allegations as well
Notably, the SEC froze all accounts of the fraudulent ICO last month, bringing charges of fraud against the promoters.
The previous order by the SEC mentioned that Meta 1 Coin amounted to selling securities without filing a registration or qualifying for a registration exemption.
The regulatory agency now wants penalties, disgorgement of ill-gotten gains, and permanent injunctions, although there is no guarantee for paying back victims.
The judge issued an arrest warrant as he believes that a fine on the defendants would “neither be especially burdensome nor particularly effective.”
“If incarcerated, Dunlap and Schmidt will be unable to continue Meta 1’s operations, create marketing videos, or email their putative investors,” the order stated.
Meanwhile, celebrities like Steven Seagal were also charged for their involvement and promoting fraudulent ICO projects.
https://www.financemagnates.com/cryptocurrency/news/texas-judge-orders-arrest-for-ex-state-senator-for-ico-scam/
He profited promoting a $4.3 million fraudulent ICO.
Arnab Shome | News ( CryptoCurrency ) | Wednesday, 22/04/2020 | 12:09 GMT+2Photo: iStock
A Texas federal judge has issued a bench warrant against former state Sen. Dave Schmidt and another accomplice for an initial coin offering (ICO) scam on Tuesday.
The order was passed as the Securities and Exchange Commission (SEC) moved against the former Washington state senator and two Florida residents – Robert Dunlap and Nicole Bowdler – for illegally profiting from defrauding customers with an ICO that raised $4.3 million through soliciting investors from the US and abroad.
The fraudulent project promised the investors that the Meta 1 coins were backed by “$1 billion in fine art or $2 billion of gold holdings,” however, in reality, none of these tokens even exist.
The bench warrant was only passed against Schmidt and Dunlap as they failed to appear before the judge in a hearing arranged via video conferencing due to the COVID-19 restrictions.
The third defendant was only given a final opportunity to comply with the court by Friday.
A shady senator with previous allegations as well
Notably, the SEC froze all accounts of the fraudulent ICO last month, bringing charges of fraud against the promoters.
The previous order by the SEC mentioned that Meta 1 Coin amounted to selling securities without filing a registration or qualifying for a registration exemption.
The regulatory agency now wants penalties, disgorgement of ill-gotten gains, and permanent injunctions, although there is no guarantee for paying back victims.
The judge issued an arrest warrant as he believes that a fine on the defendants would “neither be especially burdensome nor particularly effective.”
“If incarcerated, Dunlap and Schmidt will be unable to continue Meta 1’s operations, create marketing videos, or email their putative investors,” the order stated.
Meanwhile, celebrities like Steven Seagal were also charged for their involvement and promoting fraudulent ICO projects.
https://www.financemagnates.com/cryptocurrency/news/texas-judge-orders-arrest-for-ex-state-senator-for-ico-scam/
RamblerNash- GURU HUNTER
- Posts : 19027
Join date : 2015-02-19 
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The parliament demands investigating Iraqi properties outside Iraq
» Iraq signs three MOIs with France on railway, agriculture and academia
» Iraq must choose between chaos and economic reform
» VIDEO: Breitling Report 10/19/20
» Speculation and ill-considered actions.. A Black fate awaits the Iraqi dinar
» Hashd al Shaabi-KDP clash adds a new layer to Iraq conflict
» Sunnis’ region in Iraq, a dream hard to be true
» Central Bank: The dollar exchange rate is fixed and our foreign currency reserves are very good
» Iraq's Economic Update — October 2020
» Iraq Launches Major Operation against Daesh in Mosul
» Dave Schmidt (Meta 1 Coin Scam) Posts At Cosmic Connections Regarding Meta 1 Vaporized!
» VIDEO: First commercial flight from Israel to Bahrain lands at Bahrain International Airport. Oct. 18, 2020
» Benjamin bla bla blah Fulford 10-19-20... Rockefeller, Davos, IMF, and World Bank, CFR, Rothchild, are responsible for the C virus. The biggest con of my life
» VIDEO: Former Iraqi FM Hoshyar Zebari: Shiite Militias in Iraq Are just Like ISIS
» Baghdad-Tel-Aviv relations to be discussed in the Iraqi European tour, an Iraqi Politian said
» The international coalition expresses its support to the Iraqi air forces
» Iraq lawmakers demand removal of party militants
» Iraq to cooperate with France in several fields
» DINAR IRAQ AND DONG VIETNAM UPDATE, 18 OCT
» JUDY NOTE UPDATE, 18 OCT -- There has been no change in RV news since the Fri. 16 Oct.
» Big Bang - the reset is this weekend -- from PIMPY
» BIG NEWS! New USAID-funded Business Accelerator in Iraq
» RayRen98 says -- IT IS BELIEVED THAT SOME BANKS (IF NOT ALL) WILL HAVE A "RANGE" OF RATES FOR THE CUSTOMER BASED ON FUTURE COMMITMENTS WITH BANK PRODUCTS AND SERVICING.
» Frank26 feels that the day we see the HCL within breaths away you will see the new exchange rate...
» CTEF program equipment helps Iraqi Air Force control their skies
» Pimpy says -- I tell you that governments are buying Iraqi dinar they are buy BUYING Iraqi dinar!
» Talabat announces the launch of operations in Iraq
» Mnt Goat says -- We are still waiting for articles to come out to verify earlier news that they are now re-educating the citizens in the newer denominations and coins.
» Kaperoni says -- I can factually say that in 2013 Iraq was about to float the Iraqi dinar.
» JUDY NOTES UPDATE, 17 OCT
» Crazy Flemming says that Deep State will be creating chaos to stop the RV over the next several days
» THE BIG CALL HIGHLIGHTS, 16 OCT
» COFFEE WITH MARKZ - Transcript Oct 16 2020
» Bruce says we should see something in the beginning or middle of next week – for us –
» Pimpy says -- there's more exchange rate talk.
» MarkZ says -- Iraq contacts are still very confident we will see some kind of vote over the weekend that allow us to move forward with a new value
» StephenMac63 says -- it's highly probable that we won't ever see 1 to 1. Iraq will always see, in-country, that 1 USD is 1 IQD.
» Frank26 says -- The rate - How much they're going to value it when they lift the 3 zeros form their exchange rate and the date of when they're going to announce this to the citizens of Iraq.
» MilitiaMan says -- we are in a very good place to see the golden ring.