Crowd Machine

SEC accuses Crowd Machine of ‘$33M crypto fraud’ involving entities in Australia, Cayman, South Africa & US

January 7, 2022

The Crowd Machine cryptocurrency group headed by Australian Craig Sproule "raised more than $33 million from hundreds of investors" in a "fraudulent and unregistered" scheme involving entities in Australia, Cayman Islands, South Africa, and United States, the U.S. Securities and Exchange Commission has alleged.

SEC v. Metavine Pty. Ltd.: Settlement

January 6, 2022

Stipulation Consenting to Judgment in U. S. Securities and Exchange Commission v. Metavine Pty. Ltd., of Australia, at the U. S. District Court for the Northern District of California.

SEC v. Crowd Machine Inc. et al: Settlement

January 6, 2022

Stipulation with Proposed Order in U. S. Securities and Exchange Commission v. Crowd Machine Inc. and Metavine Inc. at the U. S. District Court for the Northern District of California.

SEC v. Craig Sproule: Settlement

January 6, 2022

Stipulation with Proposed Order in U. S. Securities and Exchange Commission v. Craig Sproule, a citizen of Australia, at the U. S. District Court for the Northern District of California.

SEC v. Crowd Machine Inc. et al: Complaint

January 6, 2022

Complaint alleging a "fraudulent and unregistered" cryptocurrency offering that "raised more than $33 million from hundreds of investors" and involved entities in Australia, Cayman Islands, South Africa, and United States in U. S. Securities and Exchange Commission v. Crowd Machine Inc., of Delaware; Metavine Inc., of Delaware, and Craig Derel Sproule, a citizen of Australia, as Defendants, and Metavine Pty. Ltd., of Australia, as Relief Defendant, at the U. S. District Court for the Northern District of California.

George Bachiashvili v. Charlie Shrem et al: Amended Complaint

August 20, 2021

Amended Complaint alleging fraud and unregistered securities regarding the sale of cryptocurrency tokens involving Delaware and Cayman Islands-domiciled Crowd Machine in George Bachiashvili v. Charlie Shrem and Roger Tichenor at the U. S. District Court for the Middle District of Florida.

Investors sue Cayman crypto firm Crowd Machine for ‘massive investment fraud’

June 25, 2021

In a lawsuit filed in Florida, investors are suing Cayman Islands-domiciled cryptocurrency start-up Crowd Machine and others, including two crypto exchanges in the Seychelles, Australian Craig Sproule, and American Charlie Shrem, alleging they are victims of "a massive investment fraud".

Jason Bonayer et al v. Crowd Machine SEZC et al: Complaint

June 24, 2021

Complaint alleging fraud involving cryptocurrency in Jason Bonayer, a U. S. citizen residing in New York, NY, and George Bachiashvili, a citizen of Georgia residing in Tbilisi v. Crowd Machine Inc., of Delaware; Crowd Machine SEZC, of the Cayman Islands; Metavine Inc., of Delaware; Craig Sproule, described as a citizen of Australia residing in San Jose, California; James Hanley, Anne Osborne, Ben Gorlick, Kurt Pfluger, Camden Dore, Roger Tichenor, Charlie Shrem, Bittrex, described as "a cryptocurrency exchange based in the Seychelles", and HitBTC, also described as "a cryptocurrency exchange based in the Seychelles", at the U. S. District Court for the Middle District of Florida.

Crowd Machine SEZC: Directors

June 24, 2021

Director Details for Crowd Machine SEZC, obtained from the Cayman Islands General Registry on June 24th, 2021.