Reginald Middleton
Founder of Veritaseum and its VERI token. The SEC alleged he ran a fraudulent ICO and manipulated VERI's price; he settled in 2019 for ~$9.5M and a permanent bar from digital-securities offerings, without admitting or denying the allegations.
Also known as: Reggie Middleton
Note: Middleton settled the SEC's civil charges without admitting or denying wrongdoing.
Bio
Reginald "Reggie" Middleton, a self-described financial analyst, founded Veritaseum and promoted its VERI token. The SEC alleged he made false statements during the VERI ICO, manipulated the token's secondary-market price and volume, and misappropriated investor funds. [1][2]
Outcome
In November 2019, Middleton and Veritaseum consented to a ~$9.5 million judgment (disgorgement, interest, and a $1M penalty) and a permanent bar from 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.