On June 3, 2014, the U.S. Securities and Exchange Commission (SEC) charged Erik Voorhees, co-owner of two Bitcoin websites, for publicly offering shares of his ventures without registration. One of the websites was SatoshiDice. The profits Voorhees generated from these offerings amounted to over $15,000.
Voorhees agreed to settle the charges by disgorging full profits of $15,843 and paying a civil penalty of $35,000.
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