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Leader of $70M Cryptocurrency and Binary Options Fraud Schemes Extradited to the U.S.

A secret button, tucked away deep in the menus, allows players to actually pause Elden Ring.

The fraudsters claimed to be running a new cryptocurrency known as Bitcoiin2Gen (or B2G) that would deliver 8,000 times return.

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...

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 East...

US charges Serbian man behind Steven Seagal-promoted Bitcoiin2Gen scam Business Authorities in the United States have unveiled charges against a Serbian man who allegedly operated a $7 million cryptocurrency scam. Krstijan Krstic founded Start Options and Bitcoiin2Gen, or B2G, in 2017 and reportedly induced U.S. investors into the scam. Krstic also tapped Steven Seagal to promote his scam, which resulted in the actor settling charges with regulators. The U.S. Justice Department unsealed...

Department of Justice Arraigns Serbian National For $7M Crypto Fraud Last Updated: 25 February 2021 US regulators are cracking down on crypto-related crimes. The 2019 crime surge in the nascent industry has made global regulators renew efforts to suppress a fast-growing societal menace. The latest example of government intervention is that of defunct Start Options. Two Crypto Fraudulent Schemes On Tuesday, a 45-year-old Serbian national Kristijan Krstic was arraigned for de...

The US Department of Justice (DoJ) said on Tuesday that Kristijan Krstic, a Serbian national, has been charged in an indictment for allegedly participating in international, cryptocurrency-related fraud.  According to the complaint, the 45-year-old founded two platforms, Start Options and B2G, and also served as the Chief Financial Officer (CFO) of Start Options. It has been alleged that between roughly 2017 and 2018, Krstic and co-conspirators targeted investors in the United States, luring ...

[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 ...

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...