John Wise
Founder and CEO of Loci, which ran the LOCIcoin ICO. The SEC charged him with fraud for false claims about Loci's revenue, staff, and user base (raising $7.6M) and for misusing $38K of investor funds; he settled with an officer/director bar.
Also known as: John Wise
Bio
John Wise founded and led Loci Inc. and its InnVenn platform, promoting the LOCIcoin ICO with false claims about the company's revenue, employee count, user base, and partnerships. The SEC said he misused $38,163 of investor proceeds for personal expenses. [1][2]
Outcome
In June 2021, without admitting or denying the findings, Wise settled the SEC's antifraud/registration charges; Loci paid a $7.6 million penalty and Wise accepted an officer-and-director bar and a ban from future digital-securities offerings. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.