In the United States, three cases of cryptocurrency fraud have been prosecuted, one of which was advocated by the famous Hollywood actor Steven Seagal. The main sponsor of the plan has been arrested and faces criminal charges. Seagal has previously settled the allegations against him related to the plan.
- The U.S. Securities and Exchange Commission (SEC) charged the trio on Monday with “defrauding retail investors through two fraudulent and unregistered digital asset securities offerings conducted between December 2017 and May 2018.” The three are Kristijan Krstic, John DeMarr and Robin Inos DeMarr have been arrested by the US Department of Justice (DOJ) and face criminal charges.
- According to the SEC, Krstic (also known as Felix Logan) is the founder of the two programs. He is a Serbian-Australian national who lived in the Philippines during the relevant period. DeMarr of Santa Ana, California is the main sponsor of the project in the United States. Robin Enos, a resident of San Pablo, drafted the scheme’s fraudulent documents for distribution to the public.
- The two programs are “Startup Options” and “Bitcoiin2gen”. The SEC wrote: “By the time their plan collapsed, they had fraudulently raised at least $11.4 million from more than 460 investors in Start Options and Bitcoiin2gen, either directly or through affiliates and promoters, but none of these had been refunded. investor.”
- Krstic and DeMarr falsely claim that Start Options is “the largest Bitcoin transaction in terms of euro volume and liquidity” and “always rated as the best and safest Bitcoin transaction by independent news media.” They also promoted Bitcoiin2gen’s unregistered B2G token security product in January 2018.
- The B2G token issuance is also promoted by the famous Hollywood actor Steven Seagal (Steven Seagal). In February 2020, the US Securities and Exchange Commission (SEC) accused Seagal of “illegal touting” B2G tokens, saying that the actor failed to disclose that he was promised $250,000 in cash and $750,000 in B2G tokens in exchange for promotions. Seagal subsequently reached a settlement with the SEC.
- The SEC accused Enos of deliberately drafting fraudulent promotional materials containing a large number of false statements, including B2G tokens that will be traded on a proprietary cryptocurrency trading platform in early April 2018. “U.S. dollar funds invested for their own personal benefit”, the SEC said. In its complaint on Monday, the SEC also pointed out that “the defendant misled the celebrity B2G token Steven Seagal as an investor.”
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