Senator blames USI-Tech affiliates, doesn’t acknowledge securities

A Guam senator facing potential career disaster over his ties to a cryptocurrency investment scheme is blaming everyone but the company itself—and notably avoiding the word "fraud."

Senator Tommy Morrison posted a statement to Facebook about USI-Tech, the cryptocurrency operation that collapsed after authorities determined it was illegally selling unregistered securities. Morrison didn't acknowledge the core problem: USI-Tech was running an unlicensed investment scheme, plain and simple.

Instead, Morrison echoed USI-Tech's own defense. The company blamed its affiliates for promoting the investment opportunity. Morrison called for investors to "educate themselves" and said he welcomed future regulations—as if the problem were a lack of rules.

The Securities and Exchange Act has existed since 1933. Securities regulations aren't new. USI-Tech ignored them anyway.

Morrison served as one of five administrators for a private Facebook group promoting USI-Tech to over 300 Guam residents. The group actively recruited investors. He was also an investor himself. Guam residents stand to lose hundreds of thousands of dollars.

When asked yesterday about his recruitment role, Morrison refused to comment. The next day, he posted his carefully worded response.

USI-Tech has spent the past week running from accountability. First, the company announced it was abandoning the US and Canada market entirely. Then it threatened to sue affiliates for promoting the scheme—the same affiliates it had enlisted to build its Guam operation. This week, it suspended all affiliate withdrawals, locking people out of their accounts.

Morrison's statement garnered supportive comments from apparent USI-Tech affiliates in Guam. Not one person in the comments acknowledged that USI-Tech was operating illegally or that Morrison had helped recruit investors into an unregistered securities offering.

What Morrison actually said was worth nothing. What he didn't say was everything. He never used the words "unregistered securities." He never mentioned that regulators have already determined USI-Tech was breaking the law. He never addressed his direct involvement in recruiting Guam residents into the scheme as an admin of the Facebook group.

For a politician in Morrison's position—a primary lawmaker for Guam—involvement at the top of an investor recruitment chain for a Ponzi-style scheme is the kind of revelation that typically ends careers. His response so far suggests he knows it. Rather than face what he did, he's hiding behind vague statements about innovation and regulation.

Meanwhile, Guam residents who trusted a sitting senator with their money are watching their investments evaporate.

🤖 Quick Answer

What was USI-Tech and why did it face regulatory action?

How did Senator Tommy Morrison respond to the USI-Tech controversy?
Senator Morrison issued a Facebook statement blaming USI-Tech's affiliates rather than the company itself, avoiding the term "fraud." He called for investor self-education and future regulations, echoing the company's defense strategy instead of acknowledging the unlicensed investment scheme's illegality.

What was the core regulatory violation in the USI-Tech case?
The central violation involved selling unregistered securities through an unlicensed investment scheme. This breached the Securities and Exchange Act, which requires proper registration and authorization before offering

🔗 Related Articles

- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- Eagle Gates Group CEO Eddy McClough arrested, claims he’s an actor
- Crowdfunding, MLM & the SEC
- Speak Asia’s Harender Kaur wanted by Interpol
- Daniel Filho criminal case moved back to Massachusetts