SEC Opens Investigation into Salt Lending and Former Director Eric Voorhees

  • SEC is investigating Salt Lending Ltd.

  • This is in connection with their 2017 $50 million token sale

  • The firm previously had Eric Voorhees listed as a director

According to the 15th November 2018 report, the Securities and Exchange (SEC) has opened an investigation against  Salt Lending Holdings Inc.

The firm is notable due to its association with Eric Voorhees, a notable figure in the blockchain industry.

The investigation is due to a $50 million dollar token sale which they held in 2017.

The firm is also facing a lawsuit in Colorado from a former financial advisor who claims that the firm gave advantageous loans to insiders and lost about $4 million in cryptocurrency earlier this year.

The Investigation

The SEC is investigating whether Salt’s token sale should have been registered and how proceeds from the sale were used.

The Trouble with Voorhees ... read more at: https://blockchainreporter.net/2018/11/16/sec-opens-investigation-into-salt-lending-and-former-director-eric-voorhees/

by