Alleged Cryptocurrency Fraud – Start Options and B2G.
Krstijan Krstic, a Serbian man of 45 years old, was indicted for his alleged participation in an alleged cryptocurrency fraud scheme. Mr Krstic and other people founded two online investment platforms, Start Options and B2G, and used them to offer sophisticated options to US based investors.
Krstijan Krstic was charged in an indictment filed in February 2021 with conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering.
According to the indictment, Mr Krstic and other people allegedly convinced U.S. investors to deposit millions of dollars into cryptocurrency fraud schemes. They actually convinced their victims to buy securities in the form of investment contracts in Start Options and B2G. They also published positive reports about their company in order to give some form of legitimacy to the cryptocurrency fraud scheme and opened a Twitter account to communicate with the investors.
In reality, all the money sent in Start Options and B2G was never invested and instead was transferred to a financial account and cryptocurrency wallet based in the Phillipines, and to a promoter of the fraud who was in the United States. Upon receiving the funds, the promotor wired the money to Krstic. Soon after Krstic stopped any communications with the investors, claiming he had sold the platforms to Russian investors and run away with the money.
The charges in the indictment are allegations, and the defendant is presumed innocent unless and until proven guilty.
Cryptocurrency is becoming more and more popular as a means of investment and thus cryptocurrency fraud schmes. For this reason, the traditional online financial fraud schemes are evolving and fraudsters offer investments in securities and cryptocurrency instruments as well. New fake cryptocurrency exchanges are created continuously.
ISOG can help potential investors with verifying the legitimacy of cryptocurrency platforms and wallets. Where the investor has been defrauded, ISOG private investigators and forensic experts are expert in cryptocurrency fraud investigation and can trace the flow of the crypto up to the cryptocurrency exchanges used to convert crypto coins into currency.