Robin Enos has settled Krstic Ponzi empire fraud costs with the SEC.
Enos’ SEC settlement was filed as a pending consent judgment on September thirtieth. The courtroom authorized the consent judgment later the identical day.
Enos’ Krstic Ponzi empire consent judgment consists of:
- a everlasting injunction prohibiting additional violations of the Securities Change Act;
- having something to do with securities, “together with any digital asset securities”, tied to an entity; and
- fee of disgorgement, prejudgment curiosity and a civil penalty, to be decided at a later date on movement of the SEC
Enos labored with Kristijan Krstic to defraud customers by means of plenty of MLM crypto Ponzi schemes. These included Bitcoiin (aka Bitcoiin2Gen), Crypto Mining Area, Palilula Mining, BTC Dealer On-line, BTC Mining Manufacturing unit and Coin Pool Mining.
As alleged by the SEC;
Enos drafted the fraudulent promotional supplies he knew [John] DeMarr and Krstic had been disseminating to the investing public in reference to these choices.
Bitcoiin2Gen was a sham. Enos knowingly or recklessly drafted, and DeMarr and Krstic knowingly disseminated, fictitious technical white papers and faux web sites to create the deceptive look that the B2G tokens had been real digital property that had been buying and selling on the Ethereum blockchain, once they knew or recklessly disregarded that they weren’t.
The SEC additionally named John DeMarr and Krstic of their lawsuit. The result of the case towards each defendants stays pending.
Individually, DeMarr and Krstic had been indicted in relation to the identical fraudulent conduct.
Demarr pled responsible and was sentenced to 5 years in jail in February 2023.
Krstic was arrested in Georgia and extradited to the US in late 2023. The result of two prison circumstances filed towards Krstic stays pending.