Reggie Middleton

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Reggie Middleton in NYC.JPG

Reggie Middleton is an American entrepreneur who is the acting CEO of Veritaseum[1] and the finance and technology blog, Boom Bust Blog.[2]

Until 2011, he wrote about financial evaluation and the global financial crisis at the Huffington Post.[3] On August 13, 2019, the Securities and Exchange Commission filed fraud charges against Middleton.[4]


Middleton is an alumnus of the Howard University with a bachelor's degree in business management.[5][6]

He now resides in New York City with his two sons and daughter.


After graduation from university, Middleton worked for Prudential Insurance and trained in the sale of financial products.[citation needed] Since then, he worked in the fields of financial securities and risk management. He was also a significant investor in residential real estate.[citation needed]

Middleton is known for making predictions about the crash of markets and large financial institutions long before they occur. Aaron Elstein of Crain's New York Business said "Mr. Middleton has been startlingly accurate in the past. He forecast the collapse of the housing market in 2007, and in early 2008 warned of the demise of Bear Stearns weeks before it happened. Earlier this year, he said that Ireland's finances were in terrible shape long before Standard & Poor's got around to downgrading that nation's credit rating."[7][failed verification]

In 2007, he founded Boom Bust Blog, a commercial financial advisory reported to have over 3000 subscribers.[8]

In February 2013, he won CNBC's first-ever stock draft competition[citation needed], beating out six other professional traders.[citation needed] He then went on to win the second CNBC stock draft in 2014 by an even larger margin, beating out all other professional participants.[citation needed]

In 2014, he founded Veritaseum, the progenitor of UltraCoin technology. According to Mr. Middleton,[9] UltraCoin exploits modern cryptography in the fields of finance, economics and value transfer to disintermediate legacy financial institutions such as Wall Street banks.

In 2017, he announced the crowdsale of an Ethereum ERC-20 Token for access to the services of Veritaseum. An estimated 1,926,109 Veritas (VERI) Tokens were issued of the 51 million offered.[citation needed] The remaining of 100 Million tokens reserved for future sale to interested parties. VERI Tokens are described as the software to unlock the services of Veritaseum.

Fraud charges[edit]

On August 13, 2019, the Securities and Exchange Commission filed fraud charges related to Veritaseum against Middleton, alleging "multiple material misrepresentations and omissions", price manipulation, and misappropriation of investor assets. [10]


  1. ^ "Reggie Middleton". LinkedIn. Retrieved 2018-03-13.
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