- Justice authorities charged a Serbian man for his alleged involvement in a synchronized cryptocurrency scheme
- According to the summons, Kristijan created two fraudulent digital-asset investment platforms
- The indictment thus declared that both Start Options and B2G as deceitful
In an accumulative decision, several justice departments recently charged a Serbian man in a summons today for his alleged involvement in a synchronized cryptocurrency scheme. In the respective proposal, the man solicited U.S. investors through two deceitful online investment networks. The U.S. Department of Justice officially released a statement highlighting the indictment with respective details.
The Officials and Authorities Who Resolved The Indictment
The FBI and IRS-CI together investigated the individual case. Nicholas L. McQuaid, Acting Assistant Attorney General of the Justice Department’s Criminal Division, Ryan L. Korner, Special Agent in Charge of the IRS Criminal Investigation (IRS-CI) Los Angeles Field Office, along with two other significant officials made the official declaration.
In an indictment registered today in the Eastern District of New York, Kristijan Krstic was held accountable for one count of committing a conspiracy of securities fraud, conspiring to execute wire fraud, and one count of deception to perform money laundering.
The Details of Kristijan’s International Cryptocurrency Scheme
According to the summons, Kristijan created two fraudulent digital-asset investment platforms titled Start Options and B2G. Besides, he also performed the function of the chief financial officer at Start Options.
As reported, between the period of around 2017 and 2018, Kristijan and his mates fraudulently persuaded U.S.-based investors to buy securities in the format of investment agreements in Start Options and B2G. To execute the criminal activity, Kristijan allegedly employed the alias Felix Logan and established the Twitter profile under the title of @felixlogan_cfo to hold conversations with traders in Start Options B2G.
The indictment reports that Start Options professed to be a digital investment network that offered cryptocurrency mining and trading services in digital assets. Start Options also pretended to be the biggest Bitcoin exchange in terms of euro volume and liquidity. The indictment further asserts that B2G claimed to be an ecosystem that provides the facility of B2G tokens along with digital and fiat currencies to its customers. The platform offered itself as an assuredly secure network.
The indictment thus declared that both Start Options and B2G as deceitful. According to the facts, the fraud never invested the money that traders sent for their respective investments in Start Options and B2G. Instead, he internationally laundered it away to a Philippines-based financial account and a wallet of digital-currency. Then, these finances took a diversion to a U.S.-based promoter of the culprit. Consequently, as reported, the promoter shifted the funds of approximately $7 million to Kristijan from B2G and Start Options. Start Options later issued a press release claiming that the Russian venture capitalists bought the company.
The summons’ charges depend on the allegations, and the accused are presumed unimpeachable unless and until proven accountable. Thus, the Criminal Division’s Fraud Section performs a significant role in the Department of Justice’s challenge against fraudulent white-collar activities across the country.