On 26 May, Finance Magnates reported that a court have granted the SEC an emergency freeze on assets of an initial coin offering (ICO) that is alleged to have scammed as much as $4.3 million out of investors in a fraud said to have been perpetrated by a former Washington state senator. The SEC has charged Robert Dunlap and Nicole Bowdler, who worked with former state Sen. Dave Schmidt in arranging an ICO scheme called “Meta 1 Coin” that touted lucrative investment returns.
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