Cryptocurrency John Demarr Jailed For Five Years After Pleading Guilty

The US Department of Justice (DOJ) recently pleaded guilty to John Demarr’s involvement in a crypto scam in which “investors conspired with others to defraud their victims.”

One of the organizers of this cryptocurrency scam was famed actor Stephen Segal, who was accused by the U.S. Securities and Exchange Commission (SEC) last year of failing to disclose that he was paid in cash to promote his cryptocurrency investment scheme. Segal’s participation in bitcoiin2gen Sec cryptocurrency:

“I’m not going to disclose that $ 250,000 in cash and $ 750,000 of B2G tokens are worth $ 750,000 in exchange for promotions consisting of posts on public social media accounts.”not to miss” bitcoiin2gen ICO and ” Zen master Stephen Segal became an ambassador for the bitcoiin2gen brand. number;

The fraudulent investment scheme involved the fraudulent promotion of the “start option” and Bitcoiin2gen companies (touted as an “improved or more advanced version” of Bitcoin). The Bitcoiin2gen scheme claimed that investors were able to get an “8,000% return” on their investment during the year, but were unable to obtain digital funds or Fiat currency after their investment.

Demarr, and others, and investors redirect their funds currency funds that are themselves controlled by the “Porsche, jewelry repair and buying house in California for various personal expenses, including DeMarr”is used after received millions of dollars in crypto currency and fiat currencies.

Demarre is now in jail five years after his recognition.

In February 2021, when demarre was initially charged, the Justice Department noted the following::

“In today’s high-tech financial world, there are more opportunities for fraudsters to use people and bank accounts to their advantage,” said Special Agent Ryan corner of the IRS-Criminal

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