Titanium’s CEO Sentenced to 4 Years in Prison

 Michael Alan Stollery Stole $21 Million Through Titanium

The creation of the so-called “project” Titanium Blockchain commenced in 2018 when Initial Coin Offerings were popular. Michael Alan Stollery pioneered this crypto-currency and was its CEO.

The individual’s venture, TBIS (Titanium Blockchain Infrastructure Services Inc.), which received a $21 million investment from trusting people, failed quickly, according to a statement by the United States Department of Justice (DoJ).

Instead, it appears that Mr. Stollery utilized the funds of his ICO investors for personal expenses, including Hawaii real estate investments – mixing those funds with his own. As a result, he diverted at least part of the money away from its intended purpose to fund unrelated projects.

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