Details Written by FBI
Brooklyn, New York - Tuesday, in federal court in Brooklyn, an indictment was unsealed charging Krstijan Krstic with conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering for his alleged participation in a cryptocurrency scheme in which he solicited U.S. investors using two fraudulent online investment platforms.
Seth D. DuCharme, Acting United States Attorney for the Eastern District of New York, Nicholas L. McQuaid, Acting Assistant Attorney General of the Justice Department’s Criminal Division, Kristi K. Johnson, Assistant Director-in-Charge, Federal Bureau of Investigation, Los Angeles Field Office (FBI), and Ryan L. Korner, Special Agent-in-Charge, Internal Revenue Service-Criminal Investigation, Los Angeles Field Office (IRS-CI), announced the indictment.
Founder of international cryptocurrency companies indicted in multi-million-dollar securities fraud scheme
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Founder of international cryptocurrency companies indicted in multimillion dollar securities fraud scheme
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Litigation Release No. 25031 / February 17, 2021
Securities and Exchange Commission v. Joseph Cimino, Civil Action No. 21 Civ. 1375 (S.D.N.Y., filed February 17, 2021).
The Securities and Exchange Commission today charged Joseph Cimino of Warwick, New York, the founder and former managing member of 6 Degree Tequila, LLC, with conducting a fraudulent securities offering and misappropriating investors funds for personal use.
According to the SEC s complaint, from approximately December 2014 through September 2017, Cimino raised approximately $985,000 from investors through misrepresentations. As alleged, Cimino deceived certain investors by providing them with a list containing false investor names and dollar amounts of the fake investors purported investments, creating the appearance that 6 Degree Tequila had raised more money than it actually had. The complaint further alleges that Cimino provided falsified financial statements and sales data to certain investors. In addition