Virtual Casino Hit With Multistate Cease and Desist Order
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The Texas Securities Commission, Alabama Securities and Financial Institutions, and Kentucky Department of Financial institutions have filed cease and desist orders on Metaverse casino Slotie NFT. New Jersey Attorney General Matthew Platkin confirmed his state has also issued a cease. Law enforcement officials allege Sloties sold illegal and fraudulent N FTs to investors in order to bankroll its online and metaverse casinos.
Slotie failed to provide physical address, telephone number or proof that its promise of profits to NFT holders was legitimate, according to the multistate order.
Virtual Casino Hit With Multistate Cease and Desist Order. Accuses Slotie of hiding its assets and liabilities, plus its expected use of capital.
The firm is promoting its partner casino-linked NFT investments via Twitter.
