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John Barksdale, second from left, has been arrested after he and his sister, JonAtina, left, allegedly lied to up to 20,000 investors for years about the value of Ormeus Coin s mining assets.
NEW YORK - US authorities on Tuesday (March 8) filed criminal charges against a cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin. In papers filed in Manhattan federal court, the Justice Department said John Barksdale lied about the value.