Hello everyone! This is my first post on LeoFinance. I found this place through twitter a little while ago and thought it seemed cool.
I never thought to post but someone told me recently that posting consistently could potentially yield a nice side hustle income for me on the LeoFinance tokenized economy. One of my largest goals in life is to obtain my dream car: the Audi R8... and live a financially free lifestyle to travel the world and enjoy everything that life has to offer!
For my first post, let's talk about something that has gotten huge lately. Crypto Influencer Scams!
The scheme left nearly 500 investors out more than $11 million in cash and a mix of established cryptocurrencies that they had plunked into what was billed as an operation geared towards digital mining currency. Prosecutors say this ultimately turned out not to be true. Many people lost their money due only upon investigation by law enforcement agencies which eventually charged seven individuals after an extensive two-year-long takeover effort on behalf of these victims.
Last week, John DeMarr, a 55-year old California private investigator who had served as the frontman for one of the biggest scams in history, took full responsibility and pled guilty to helping run this fraud while pocketing nearly $2 million. Was this money used to buy himself some nice cars including an expensive Porsche 911 SC or perhaps you would like something more downmarket?
The indictments announced on February 6th revealed a new alleged cryptocurrency scam, where 20+ people have been charged with running similar schemes that steal money from investors. The accused range from Serbia to Texas, and each is charged with using wire fraud or money laundering to make their operations seem legitimate when they were Con Man Lite versions thereof!
Krstic is currently in custody, but his exact location remains unknown. The SEC took out an ad in a Serbian newspaper to serve him with another civil suit because they were unable to find him at home or office when trying previously--he has yet respond formally regarding these latest charges against him by law requires that all notices be delivered within two weeks from receipt date unless excused due cause shown therefore we can only hope this will suffice as proof enough until then!
The company professed to be running giant crypto-mining farms in China and could deliver between 25% - 200%, depending on how much money was invested. Investors were provided with false statements showing their investments grew despite the fact it hadn't been invested into anything--prosecutors said this is what led them over $2 million dollars lost by trusting these lies!
When Steven Seagal made his appearance, the most exciting part about this (and if you're a fan of action movies, it'll be hard not to love). After all these years as either an actor or producer in Hollywood films like "Under Siege" and "Above The Law," he surfaced now promoting B2G!
Seagal was being paid to be a spokesman, with the promise of $250K plus another 750k in cryptocurrency for his time. The SEC said that he had been running an "investment fantasy" where all participants earned huge profits. Still, there were no strings attached other than hiring him as your mouthpiece - which isn't illegal per se (it's called 'commercially mainland'"), until things went south when nobody could get their money out after it dried up last year.
In 2017, Steven Seagal agreed to pay more than $300 thousand in fines for unlawfully touting security by failing to disclose that he had been paid as an endorsed person. At the time of the agreement, Seagall said on his website (that has now been taken down) that he backed away from arrangement when doubts began creeping up about "the bona fides" or authenticity behind the company; however, only partway through fee payment making things less clear still today.
When Logan Krstic and Steven Seagal left their positions at Security Company X, they took with them $1 million in cash while embezzling over 7-million.
The founder and CEO of B2G, DeMarr, was recently indicted by a federal grand jury on one count of conspiring to commit securities fraud. Investigators say that more than $4 million from the scam remains unaccounted for!