John DeMarr’s Bitcoiin indictment was filed on March 23rd, 2021.

The indictment details four counts of fraud, pertaining to DeMarr’s involvement in
Bitcoiin
and
Start Options
.

As charged by a Grand Jury in New York, DeMarr has been indicted for

Conspiracy to commit securities fraud;

Securities fraud;

Conspiracy to commit wire fraud; and

Conspiracy to commit money laundering.

The indictment links DeMarr to

operation of Start Options via communication with other executive co-conspirators;

operation of Bitcoiin via direction of false press-releases related to Dragon Mining;

overseeing plagiarized content published as Bitcoiin’s whitepaper;

creating the fictional identity “John Williams” and representing he was running Bitcoiin and authored its whitepaper;

directly soliciting investment into Bitcoiin; and

authoring a statement sent to investors, falsely claiming he was missing and to stop contacting him regarding their Bitcoiin losses.

Included is a criminal forfeiture allegation for a property in Seal Beach, California.

Satellite imaging of the address reveals a residential property furnished with a backyard pool and spa.

On April 14th DeMarr entered a not guilty plea on all four counts. An initial conference has been scheduled for May 14th.

Update 3rd August 2021 – 
DeMarr has
plead guilty to one count of conspiracy to commit securities fraud
.

He is scheduled to be sentenced on January 4th, 2022.

Update 1st February 2023 –
John DeMarr has been
sentenced to 5 years in prison
.

🤖 Quick Answer

What were the main charges against John DeMarr in his Bitcoiin indictment?
John DeMarr was indicted on four counts: conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. The indictment, filed March 23rd, 2021, detailed his involvement in fraudulent operations related to Bitcoiin and Start Options, including issuing false press releases and plagiarizing content.

How did John DeMarr deceive investors in the Bitcoiin scheme?
DeMarr created a fictional identity called "John Williams" to represent himself as Bitcoiin's operator and whitepaper author. He directed false press releases regarding Dragon Mining operations and oversaw the publication of plagiarized content as Bitcoiin's official whitepaper to defraud investors.

Which jurisdiction prosecuted John DeMarr's Bitcoiin fraud case?
A

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