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James Langton The alleged mastermind of multi-million-dollar crypto frauds who purportedly faked his own disappearance to avoid angry investors is now facing charges from U.S. authorities. The U.S. Department of Justice (DoJ) announced that a California man, John DeMarr, was arrested and charged in a U.S. federal court with conspiracy to commit securities fraud in connection with unregistered crypto trading. The U.S. Securities and Exchange Commission (SEC) also charged DeMarr for his role in two “fraudulent and unregistered digital asset securities offerings” that allegedly duped retail investors out of US$11 million. In its complaint, the SEC alleged that between December 2017 through May 2018, DeMarr and Kristijan Krstic, the founder of Start Options and Bitcoiin2Gen (B2G), “fraudulently induced investors to buy digital asset securities” and promoted an unregistered initial coin offering (ICO) by B2G. ....
James Langton The alleged mastermind of multi-million-dollar crypto frauds who purportedly faked his own disappearance to avoid angry investors is now facing charges from U.S. authorities. The U.S. Department of Justice (DoJ) announced that a California man, John DeMarr, was arrested and charged in a U.S. federal court with conspiracy to commit securities fraud in connection with unregistered crypto trading. The U.S. Securities and Exchange Commission (SEC) also charged DeMarr for his role in two “fraudulent and unregistered digital asset securities offerings” that allegedly duped retail investors out of US$11 million. In its complaint, the SEC alleged that between December 2017 through May 2018, DeMarr and Kristijan Krstic, the founder of Start Options and Bitcoiin2Gen (B2G), “fraudulently induced investors to buy digital asset securities” and promoted an unregistered initial coin offering (ICO) by B2G. ....