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Violation Tracker Individual Record

Company: VBIT Technologies Corp et al.
Penalty: $338,507
Year: 2023
Date: August 23, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: VBIT was ordered to pay a $180,000 fine and $158,507 restitution in a finding that the company fraudulently sold unregistered securities and operated as an unregistered multilevel marketing company.
Level of Government: state
Action Type: agency action
Agency: Montana Commissioner of Securities & Insurance
Civil or Criminal Case: civil
Facility State: Montana
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.