SEC v. Krstic, DeMarr & Enos

The SEC sues Krstic, DeMarr and Enos with orchestrating two fraudulent digital asset securities offerings that defrauded hundreds of retail investors out of more than $11 million. Krstic and DeMarr promoted two crypto platforms, Start Options and Bitcoiin2Gen (B2G), through false claims and misleading information. The funds raised from investors were misappropriated for personal gain.

This case demonstrates the SEC's authority to regulate and prosecute fraudulent activities involving cryptocurrencies. Krstic, who operated from outside the U.S., was eventually extradited to face charges in the United States. This demonstrates the ability of U.S. authorities to pursue and prosecute individuals involved in international fraud schemes, even when they are based in foreign jurisdictions.

1:21-cv-00529