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Erik Voorhees Fined US$ 50k Over Unauthorized Securities Sale

Posted on June 3, 2014 in Economy News

The US Securities and Exchange Commission (SEC) charges Erik Voorhees for making a public offering of securities and failing to register it with the U.S. federal government.

A settlement bans him from Bitcoin security offerings during the next five years according to the official SEC statement. He is ordered to forfeit the profits of US$15,843.98, and pay a penalty of US$35,000.

The case involves solicitation of shares in two of his bitcoin-related ventures, Satoshi DICE, a Bitcoin casino and FeedZeBirds, a now closed pay-per-click service that took place in 2013.

Update: The software previously used by satoshidice.com can now be found at megadice.com.

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