SEC Indicts Founders Of Crypto Scheme Promoted By Steven Seagal
Last Updated: 02 February 2021
The Securities and Exchange Commission (SEC) has nailed the operators of Bitcoiin2Gen, a fraudulent crypto project. This week, the agency finally unveiled charges against three defendants, marking another development in the long-standing case.
A Full Clampdown
Yesterday, the financial watchdog announced that it had charged three individuals concerning the Bitcoiin2Gen Initial Coin Offering (ICO). The individuals are; John DeMarr, the project’s founder, promoter Robin Enos, and business associate Kristijan Krstic. The men were for defrauding investors through the scheme, which ran between December 2017 and May 2018.
FOR IMMEDIATE RELEASE Washington D.C., Feb. 1, 2021
The Securities and Exchange Commission today charged three individuals with defrauding hundreds of retail investors out of more than $11 million through two fraudulent and unregistered digital asset securities offerings.
According to the SEC s complaint, filed in U.S. District Court for the Eastern District of New York, from approximately December 2017 through May 2018, Kristijan Krstic, founder of Start Options and Bitcoiin2Gen, and John DeMarr, the primary U.S.-based promoter for these companies, fraudulently induced investors to buy digital asset securities. The SEC alleges that, from approximately December 2017 through late January 2018, Krstic and DeMarr touted Start Options purported digital asset mining and trading platform. According to the complaint, they falsely claimed Start Options was the largest Bitcoin exchange in euro volume and liquidity and consistently rated the best and most secure