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Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to the scheme. The U.S. Securities and Exchange Commission (SEC) charged three people on Monday with defrauding retail investors “through two fraudulent and unregistered digital asset securit...

They targeted retail investors The US Securities and Exchange Commission (SEC) has charged Kristijan Krstic, John DeMarr and Robin Enos with digital asset fraud. Krstic is the founder of Start Options and Bitxoiin2Gen; while DeMarr was the primary promoter for both companies in the US, and Enos worked with DeMarr on the marketing material. According to the regulator, the trio defrauded retail investors out of more than $11m (£8m, €9m). The SEC alleges that between December 2017 and May 2018 they “fraudulently induced investors to buy digital asset securities”. In addition, the complain...

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 alleges that Krstic and DeMarr first spruiked Start Options’ purported crypto asset mining and trad...

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 companies, namely Start Options and Bitcoiin2Gen. Through these offerings, the accused proceeded to de...

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 ...