Did you purchase Bitcoins (virtual currency)? You need to read this.

Coleman Law Firm

The Securities and Exchange Commission charged Erik T. Voorhees, a co-owner of two Bitcoin-related websites, for publicly offering shares in two ventures (SatoshiDICE and FeedZeBirds) without registering them. Investors paid for their shares using Bitcoin, a virtual currency that can be used to purchase real world goods and services and exchanged for fiat currencies on certain online exchanges.

The SEC’s Order finds that Voorhees actively solicited investors to buy FeedZeBirds and SatoshiDICE shares on a website dedicated to Bitcoin known as the Bitcoin Forum. Mr. Voorhees also publicly promoted the unregistered offerings on other Bitcoin related websites as well as Facebook.   For additional information, please refer to the Securities and Exchange Commission Press Release No. 2014-111.

Client Success Stories

Search Coleman Law Firm