Whitepaper, page 36
7.1 NO GUARANTEE THAT CAVIAR SMART CONTRACT WILL BE DEVELOPED
Purchaser acknowledges, understands and agrees that Purchaser should not expect and there
is no guarantee or representation or warranty by Caviar that: (a) the Caviar Platform will ever be
adopted; (b) the Caviar Platform will be adopted as developed by Caviar and not in a different
or modified form; (c) a blockchain utilizing or adopting the Caviar will ever be launched; and
(d) a blockchain will ever be launched with or without changes to the Caviar Platform and
with or without a distribution matching the fixed balance of Initial Tokens (as defined below).
Furthermore, the Tokens initially generated upon the Token Launch (Initial Tokens) will not have
any functionality or rights on the Caviar Platform and holding Initial Tokens is not a guarantee,
representation or warranty that the holder will be able to use the Caviar Platform, or receive any
tokens utilized on the Caviar Platform, even if the Caviar Platform is launched and the Caviar
Smart Contract is adopted, of which there is no guarantee, representation or warranty made by
Caviar
What's this?
Hmm, and then this:
Administrative Complaint, Boston MApage 3-4
...
The filing continues that, contrary to the firm's claims that Caviar tokens were not securities, the way the company was set up makes the tokens a "textbook example of a conventional security," and therefore needed to be registered as such or classified as exempt from registration. Bensonoff had not registered or received an exemption for his token scheme.
page 17
...
D. Caviar Tokens Are Not Registered for Offer or Sale in the Commonwealth, and Benson off is Not Registered as an Issuer Agent of Caviar
84. As early as September 2017, Bensonoff was aware of the registration
requirements under U.S. securities laws. On September 21, 2017, Bensonoffpublished an
opinion piece in Bitcoin M~gazine, titled "Four Challenges to Consider When Launching
Your Fund Raise on the Blockchain." In the piece, Bensonoff discusses various
exemptions to registration under the federal securities acts, and counsels readers to
carefully select the jurisdiction in which they incorporate.
...
gogo
http://www.occ.ky/make-complaint-at-office-of-the-complaints-commissioner