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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...

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 Options and Bitcoiin2Gen. Accordingly, from December 2017 through late January 2018, the defendants p...

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...