{"id":295349,"date":"2021-07-10T00:15:00","date_gmt":"2021-07-09T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-charges-individuals-connected-to-former-iced-tea-turned-mining-company\/"},"modified":"2021-07-10T00:15:00","modified_gmt":"2021-07-09T21:15:00","slug":"sec-charges-individuals-connected-to-former-iced-tea-turned-mining-company","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-charges-individuals-connected-to-former-iced-tea-turned-mining-company\/","title":{"rendered":"# SEC charges individuals connected to former iced tea-turned-mining company"},"content":{"rendered":"<p>&#8220;<strong># SEC charges individuals connected to former iced tea-turned-mining company  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNmI3OGQ2MzEtODA0Ni00YjI5LTgwMTUtMmRiMTk2OGJhNjUzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name from the Long Island Iced Tea Company.<\/p>\n<p>In a Friday announcement, the SEC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/news\/press-release\/2021-121\">said<\/a> Eric Watson, Oliver Barret-Lindsay, and Gannon Giguiere were facing charges in the U.S. District Court for the Southern District of New York for their role in trades connected to rebranding a beverage business to a blockchain firm, which caused the company\u2019s stock price to rise significantly. Giguiere purchased 35,000 shares of Long Blockchain after having been allegedly tipped off to the change by Barret-Lindsay, who was first alerted by Watson. <\/p>\n<p>The decision to change the firm from Long Island Iced Tea to Long Blockchain h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened in early 2018. After the company rebranded to focus on blockchain development, the stock price surged by 289% \u2014 more than 380% intraday according to the SEC. Giguiere subsequently sold his shares for more than $160,000.<\/p>\n<p>The regulatory group said Barret-Lindsay and Giguiere had already pleaded guilty to criminal charges in connection to a stock manipulation scheme, but it would be seeking permanent injunctions and civil penalties for the three individuals for its current case. In addition, it is attempting to prevent Watson from being an officer or director of any public company.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Former Iced Tea-Turned-Blockchain Company Sells Beverage Subsidiary <\/em><\/strong><\/p>\n<p>Founded in New York as a non-alcoholic beverage company in 2011, Long Island Iced Tea went on to shift its operations to blockchain and later focused on crypto mining. The SEC official delisted the company\u2019s shares in February after it alleged the firm hadn\u2019t produced any financial reports. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sec-charges-individuals-connected-to-former-iced-tea-turned-mining-company\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# SEC charges individuals connected to former iced tea-turned-mining company &#8221; The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name from the Long Island Iced Tea Company. In a Friday announcement, the SEC said Eric Watson, Oliver Barret-Lindsay,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":295350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNmI3OGQ2MzEtODA0Ni00YjI5LTgwMTUtMmRiMTk2OGJhNjUzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74932,74898,71511,70934,71407,67874],"class_list":["post-295349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crimes","tag-sec","tag-government","tag-regulation","tag-trading","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/295349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=295349"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/295349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/295350"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=295349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=295349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=295349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}