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Serbian Man Indicted for Embezzling $7M Through Fraudulent Crypto Schemes
According to the indictment, Kristijan Krstic founded two digital-asset investment platforms that fraudulently induced investors to buy securities in the form of investment contracts.
A Serbian man has been charged in an indictment filed Tuesday with embezzling $7 million from U.S. investors through two fraudulent cryptocurrency platforms.
STORY CONTINUES BELOW
- According to the indictment from the U.S. Justice Department, Kristijan Krstic, 45, was the founder of "Start Options" and "B2G," two digital-asset investment platforms, which fraudulently induced U.S. investors to purchase securities in the form of investment contracts.
- Start Options purported to provide cryptocurrency mining and trading services, while B2G claimed to be an "ecosystem" for the exchange of B2G tokens, cryptocurrency and fiat money.
- The money invested by users was laundered through a Philippines-based account and digital currency wallet.
- Then $7 million was transferred to Krstic via a promoter in the U.S. at which point he stopped responding to communications, tweeting that "the time has come to find new challenges and opportunities."
- Krstic had previously communicated with investors using the alias "Felix Logan" and the Twitter handle "@felixlogan_cfo".
To all my family and friends, the time has come for me to find new challenges and opportunities, therefore I would like to inform everyone that I am no longer part of Startoptions. Thank you for all the amazing experiences and great times to all my fellow colleagues! #goodluck
— Felix Logan (@felixlogan_cfo) April 27, 2018
See also: Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
