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A bitcoin tycoon pleaded guilty to fraud.

One of the world's most infamous cryptocurrency tycoons has pleaded guilty to defrauding investors out of $21 million.

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A self-described "blockchain evangelist" pleaded guilty to securities fraud Friday after soliciting $21 million for an ICO via "false and misleading promises."

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"Stollery reportedly faked ICO white papers." 

The CEO of Titanium Blockchain Infrastructure Services Inc.,

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Michael Alan Stollery, testified to prosecutors that he had falsified white papers for his company's ICO.

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Planted bogus customer evaluations and fraudulently claimed to have contact with the Federal Reserve.

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SEC won an emergency court order to shut down the ICO in 2018 because Stollery did not register the ICO with them.

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Robert A. Cohen, the head of the SEC Enforcement Division's Cyber Unit, stated at the time.

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