SEC accuses promoters of the ICO Bitcoiin2Gen who used an image of actor Steven Seagal

The SEC accused three people for defrauding millions to investors through the ICO Bitcoiin2Genwhich was publicized by Steven Seagal, well -known action films.

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The United States Stock Exchange and Securities Commission, accused the promoters of an initial supply of cryptocurrencies (ICO) promoted by the image of Steven Seagal in 2018.

Seagan is a well -known action film actor, martial arts experts and current special representative of the Russian Foreign Ministry for Cultural Relations with the United States.

The SEC specifically accused three people for several cryptocurrency frauds, including the 2018 ICO for the Altcoin promoted by Seagal, Bitcoiin2Gen.

A press release from the SEC published on February 1, and released by several media in English, estimates that the founder of Bitcoiin Gen, John Demar, the founder of Start Options, Kristijan Krstic, and the promoter Robin ENOS cheated investors with more than USD $ 11 million through two offers of fraudulent values ​​and not registered from December 2017 to May 2018. The Seagal actor was not included or mentioned in this demand.

The sec alleges that Krstic and Demar first created the alleged mining and negotiation platform of cryptoactives of Start Options In December 2017, falsely claiming that it was “The biggest exchange of Bitcoin in volume and liquidity of euros” then.

Estafa story

From January to May 2018, the trio promoted the ICO of Bitcoiin2Gen, And the SEC accused these people of Disseminate fraudulent promotional materials to the investor public.

Demand states that empty promises of Bitcoiin2Gen included the alleged compatibility with Ethereum For your token B2G, claiming that the funds collected would reinvest in the development of an exploitable cryptoactive and stating that the token B2G It would be negotiable in a proprietary exchange. However, according to the SEC:

“Bitcoiin2Gen was a farce, and Krstic and Demar supposedly appropriated millions of dollars of investor funds for their own personal benefit.”

Krstic and Demar will face charges of violating the anti -fraud and registration provisions of federal securities laws, while Engos will face positions of helping and inciting such anti -fraud violations. The SEC is looking for restitution plus interest, fines and a prohibition against Krstic and Demar to operate or direct companies in the future.

“The behavior alleged in this action was a shameless attempt to victimize those interested in digital asset technology and these defendants must account for”Said Kristina Littman, head of the cyber unity of the Division of Compliance with the SEC.

The same day, the United States Prosecutor’s Office and the Department of Justice announced parallel criminal charges against Demar.

What happened to actor Seagal?

In addition to its investors, Bitcoiin2Gen also It seems to have scammed actor Steven Seagalaccording to review Cointelegraph. This well -known performer apparent Bitcoiin2Gen In 2018.

However, Seagal claimed to have received only USD $ 157,000 for closing the offer.

It is worth remembering, as he said Diariobitcoin In February 2020, That Seagal was accused by the SEC in February 2020 for not revealing the remuneration he received in exchange for promoting ICO in his social channels and was ordered to pay US $ 330,000 to the commission. At that time the actor did not say or denied the facts before the SEC and promised to return to the SEC the USD $ 157,000 won by their promotion.

SOURCES: PRESS NOTE OF THE SEC, Cointelegraph, archive

Translation and version of Diariobitcoin

Image of k zhestovskaya on Wikimedia under CC license

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