Odaily Planet Daily News: According to the official announcement of the U.S. Department of Justice, Michael Alan Stollery, founder and CEO of the cryptocurrency investment platform Titanium Blockchain Infrastructure Services (TBIS), was sentenced to four years and three months in prison for his alleged involvement in a $21 million crypto fraud scheme. He had previously admitted to conducting a $21 million fraudulent ICO in 2018, failing to register with the U.S. Securities and Exchange Commission (SEC) as required, and forging the token's white paper and users' recognition of the token on its website. In July last year, the U.S. Department of Justice confirmed that Michael Alan Stollery pleaded guilty to securities fraud.