A Serbian man Kristijan Krstic, was charged for embezzling $7 million via crypto schemes as he founded two digital-asset investment platforms that included investors to purchase securities in the form of investment contracts so let’s find out more in our latest crypto news.
The Serbian man was charged in an indictment filed on Tuesday for embezzling $7 million from US investors via two fraudulent crypto platforms. As per the indictment, Krstic 45, was the founder of Start Options and B2G which represent two-digital asset investment platforms that induced US investors to buy securities in the form of investment contracts. Start Options provide crypto mining and crypto trading services while B2G claimed to be an ecosystem for the B2G tokens, crypto, and fiat money.
The money was invested by US users and was laundered through a Philippines-based account and digital currency wallet. The $7 million invested was transferred to Kristc via a US-based promoter at which point he stopped responding to communications and tweeted that the “time has come to find new challenges and opportunities.”
To all my family and friends, the time has come for me to find new challenges and opportunities, therefore I would like to inform everyone that I am no longer part of Startoptions. Thank you for all the amazing experiences and great times to all my fellow colleagues! #goodluck
— Felix Logan (@felixlogan_cfo) April 27, 2018
Krstic has been in communication with investors previously using the alias “felix Logan” on twitter.
As recently reported, there was another case of a Serbian man involved with crypto scams. Antonije Stojilkovic and his co-conspirators defrauded crypto investors out of $70 million and he got extradited to the US. The Serbian man and his partners defrauded crypto investors out of more than $70 million and he is now extradited to Northern Texas where he targeted several victims with the scam spanning over several continents as per the indictment. The US Department of Justice announced back on Friday that Serbia extradited Antonije Stojilkovic to the US to face charges over conspiracy to commit fraud as well as money laundering. Stojilkovic and his partners are accused of defrauding crypto investors out of $70 million in a worldwide scam that targeted investors worldwide and the scammers were based in their homes in Serbia and laundered money via 20 different trading platforms.
A Serbian man has been extradited from Serbia to the United States to face allegations that he and others duped investors out of more than $70 million.https://t.co/HqaDZiHgus
— US Attorney N. Texas (@NDTXnews) February 5, 2021
The DOJ alleged that Stojilkovic and his partners falsely advertised their binary options services as the leading service in binary options which offered an “average payout of 80 percent and promised 20 percent refunds on every lost trade.” In what should have raised the alarm bells, the crypto mining platforms promised that the investors will purchase BTC at half the price thanks to their 24/7 mining operations.
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