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Regulatory Update and Recent SEC Actions - April 2021 | Blank Rome LLP

REGULATORY UPDATES SEC Leadership Changes On April 14, 2021, the U.S. Senate voted to approve President Biden’s nomination of Gary Gensler as Chairman of the Securities and Exchange Commission (the “SEC”) through June 5, 2021. The vote came after the Senate Banking Committee endorsed Gensler’s nomination in March 2021. The confirmation only approves Gensler to serve the remainder of former SEC Chairman Jay Clayton’s term, though the Senate Banking Committee has cleared Gensler to serv...
United Kingdom Janet Yellen David Gentile Paul Sarbanes Melissa Hodgman John Demarr

SEC Brings Charges against Individuals Behind Allegedly Fraudulent Unregistered Digital Asset Securities Offering | Proskauer - Blockchain and the Law

[co-author: Laura Peterson] On February 1, 2021, the U.S. Securities and Exchange Commission (SEC) announced that it had brought charges against several individuals involved in an alleged scheme to induce investors to transfer more than $11 million to buy into an unregistered initial coin offering (ICO) of B2G tokens, which the SEC claimed was merely an elaborate sham. ( SEC v. Krstic, No. 21-0529 (E.D.N.Y. Filed Feb. 1, 2021)). The complaint, filed in the Eastern District of New York, alleged ...
New York United States Robin Enos Kristijan Krstic John Demarr Steven Seagal

Individuals Offering Fraudulent Unregistered Digital Assets Charged

Monday, February 8, 2021 On February 1, 2021, the U.S. Securities and Exchange Commission (SEC) announced that it had brought charges against several individuals involved in an alleged scheme to induce investors to transfer more than $11 million to buy into an unregistered initial coin offering (ICO) of B2G tokens, which the SEC claimed was merely an elaborate sham. ( SEC v. Krstic, No. 21-0529 (E.D.N.Y. Filed Feb. 1, 2021)). The complaint, filed in the Eastern District of New Yor...
New York United States Robin Enos Jonathan Mollod Kristijan Krstic John Demarr

Three Charged by SEC with Defrauding Hundreds of Digital Asset Investors

John DeMarr allegedly staged his own disappearance in Montenegro to avoid disgruntled investors. The US Securities and Exchange Commission (SEC) has charged three people 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, Kristijan Krstic, the founder of online companies Start Options and Bitcoiin2Gen, and John DeMarr, who was the primary US-based promoter for th...
New York United States Kristina Littman John Demarr Robin Enos Steven Seagal
Source: ai-cio.com

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SEC charges promoters of Steven Seagal-spruiked ICO from 2018

News The U.S. Securities and Exchange Commission has charged three individuals for various cryptocurrency frauds including the 2018 initial coin offering for the Steven Seagal-promoted altcoin, Bitcoiin2Gen. A Feb. 1 SEC announcement estimates that Bitcoiin Gen founder John DeMarr, Start Options founder Kristijan Krstic, and promotor Robin Enos duped investors out of more than $11 million through two fraudulent and unregistered securities offerings from December 2017 until May 2018. The SEC a...
Kristina Littman John Demarr Bitcoiin Gen Robin Enos Steven Seagal Kristijan Krstic

SEC Files Complaint on Fraudulent Digital Assets Offerings

Tech your username February 2, 2021 On Monday, the Securities and Exchange Commission (SEC) announced that it filed a complaint in the Eastern District of New York and charged three individuals “with defrauding hundreds of retail investors out of more than $11 million through two fraudulent and unregistered digital asset securities offerings.” The SEC alleged that from December 2017 to May 2018, the defendants “fraudulently induced investors to buy digital asset securities” from Start O...
New York United States Kristina Littman Exchange Commission Enforcement Division Cyber Unit Securities Exchange

SEC charges three people for defrauding crypto investors out of £8M

Krstic and DeMarr allegedly touted Smart Options as the largest BTC exchange. Enos joined Krstic and DeMarr in 2018, helping them promote B2G’s unregistered ICO. The United States Securities Exchange Commission (SEC) has charged three individuals for orchestrating two crypto-related schemes worth more than £8.03 million. SEC unveiled this news through a press release on February 1, noting that the accused conducted fraudulent and unregistered digital asset securities offerings through two co...
New York United States John Demarr Robin Enos Kristijan Krstic Us District Court
Source: invezz.com

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