Serbian Man Indicted for Embezzling $7M Through Fraudulent Crypto Schemes
A Serbian man has been charged in an indictment filed Tuesday with embezzling $7 million from U.S. investors through two fraudulent cryptocurrency platforms.
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”.
See also: Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud
