Altcoins Talks - Cryptocurrency Forum
Further Discussions => Reputation, Scams & Phishing => Topic started by: mlawson71 on May 20, 2020, 02:46:51 PM
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An arrest warrant has been issued by a Texas judge for the former Republican Washington state Se. David Schmidt and his alleged accomplice, Robert Dunlap. They were charged with a $4.3 million ICO scam. The warrant was issued after they did not show up at a hearing with the U.S. Securities and Exchange Commission (SEC). According to SEC, they are still running their “Meta 1 Coin” scam.
According to judge Pitman “If incarcerated, Dunlap and Schmidt will be unable to continue Meta 1’s operations, create marketing videos, or email their putative investors,", which was his reasoning for the arrest warrant.
Source (https://www.forexbrokerz.com/news/Judge-orders-arrest-of-former-US-senator-involved-in-Meta-1-Coin-scam)
It is unfortunate that the courts allowed these people to remain free and continue scamming others for so long. And now they are in the wind because of that inaction.