Michael Stollery
Founder and CEO of Titanium Blockchain Infrastructure Services (TBIS), whose BAR token ICO raised ~$21M. He pleaded guilty to securities fraud and was sentenced in 2023 to 51 months in prison.
Also known as: Michael Alan Stollery, Michael Stollaire
Bio
Michael Alan Stollery (a.k.a. "Michael Stollaire"), of Reseda, California, founded and led Titanium Blockchain Infrastructure Services (TBIS), whose 2017–2018 initial coin offering of the BAR token raised about $21 million. According to the DOJ, Stollery falsified TBIS white papers, planted fake client testimonials, and fabricated business relationships with the Federal Reserve and companies such as Apple, Pfizer, and Disney, while commingling and misusing investor funds. [1][2]
Legal outcome
Stollery pleaded guilty to one count of securities fraud in July 2022 and, on March 24, 2023, was sentenced to 51 months in prison, three years of supervised release, and about $5.44M in restitution. [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.