AMC/VMC 'CEO' Kenneth Slaughter has been ordered to pay civil penalties of over $30,000 for multiple violations of Missouri Securities Act. Violations include, but are not limited to: offering/selling unregistered securities, making untrue statements and omitting to state material facts.

On June 2, 2014, an Order to Cease and Desist was issued along with an Order to Show Cause Why Restitution, Civil Penalties, and Costs Should Not Be Imposed. Several pre-hearing conferences were scheduled to occur before the scheduled hearing set for November 18, 2014, to which Ken and his counsel failed to appear. Ken's counsel eventually withdrew, stating he had not received a response from Ken for over six weeks. From the Final Order:

On November 24, 2014, the Commissioner issued an order (the "November 24th Order") granting Mr. Sheppard's request to withdraw; rescheduling the pre-hearing conference to December 9, 2014, and the hearing to January 9, 2015…

No response was received from Respondents by December 1, 2014, and Respondents failed to attend the December 9, 2014 pre-hearing conference…

On December 19, 2014 … The Commissioner further ordered Respondents to pay the reasonable expenses, including attorney's fees, resulting from Respondents' failure to respond to interrogatories and appear for a deposition. Finally, the Commissioner ordered the Enforcement Section to submit in writing the reasonable expenses, including attorney's fees, caused by Respondents' failure…

No response was received from Respondents regarding Petitioner's memorandum of costs…

Ken Slaughter had solicited his offer of 20,000,000 shares of VMC stock at the price of 0.0005 btc/share, going on to sell approximately 6,000,000 shares (roughly 3000 BTC) on the now defunct BitFunder and BTCT. Shareholders were told that VMC was developing its own ASIC chip to be used in its 'Fast-Hash' bitcoin mining machines. The chip was never developed, leaving many customers waiting for refunds for their pre-orders.