Bitcoin Buying and selling World has obtained a Desist and Chorus Order from California’s Division of Monetary Safety and Innovation.
On June twenty eighth, DFPI cited Bitcoin Buying and selling World and Antonije Stojiljkovic for securities fraud.
Only one downside although… Bitcoin Buying and selling World is lengthy gone and Stojiljkovic is already serving time in jail.
Launched in 2018, Bitcoin Buying and selling World was a part of Kristijan Krstic’s Ponzi empire.
Stojiljkovic, as “Tony Rivas”, ran Bitcoin Buying and selling World with Krstic and different accomplices.
As per DFPI’s D&R Order;
In any respect related occasions, Antonije Stojiljkovic (Stojiljkovic) helped create, promote, market, and arrange fraudulent funding platforms, together with Bitcoin Buying and selling World. Stojiljkovic was the purported consultant of Bitcoin Buying and selling World.
In or round October of 2018, Stojiljkovic engaged in providing and promoting securities within the type of funding contracts through the Bitcoin Buying and selling World’s public web site and video calls to at the least three traders in California.
Bitcoin Buying and selling World inspired traders to solicit different new traders in trade for larger monetary returns on their preliminary investments.
After the 30-day funding interval expired, traders couldn’t withdraw their investments.
Communications by Stojiljkovic aka Tony Rivas supplied excuses as to why traders couldn’t switch the funds from their Bitcoin Buying and selling World accounts and shortly after Bitcoin Buying and selling World halted its operations and stopped speaking to the traders totally.
The order goes on to acknowledge Stojiljkovic’s indictment, responsible plea and sentencing earlier this yr.
In July 2020, a federal grand jury in Texas indicted Stojiljkovic, amongst others, on expenses of conspiracy to commit wire fraud and conspiracy to commit cash laundering.
In November 2021, Stojiljkovic pled responsible to the costs of conspiracy to commit wire fraud in a prison case filed by
the United State Legal professional’s Workplace.On February 23, 2023, Stojiljkovic was sentenced to 36 months imprisonment, supervised launch of two years and fee of restitution within the quantity of $183,000.
Nonetheless, having decided Stojiljkovic provided unregistered securities via Bitcoin Buying and selling World…
The funding contracts bought to California traders by Bitcoin Buying and selling World and Stojiljkovic aka Tony Rivas have been securities provided or bought on this state in an issuer transaction.
…DFPI has ordered Stojiljkovic to “desist and chorus” from committing additional acts of securities fraud in California.
Pursuant to part 25532 of the Company Securities Legislation of 1968, Bitcoin Buying and selling World and Antonije Stojiljkovic aka Tony Rivas are hereby ordered to desist and chorus from the additional providing or promoting any safety within the State of California, together with however not restricted to funding contracts in “cryptocurrency mining packages”.
Stojiljkovic is due for launch from late 2025.
His boss, Kristijan Krstic, is on the run after Serbian authorities let Krstic and his spouse go in 2021.
Whereas I can’t verify something, as of August 2022 the Krstics are believed to be hiding out within the Philippines.