Kristijan Krstic and his Ponzi empire accomplices have been sued by the SEC.
The civil lawsuit follows
Krstic’s arrest in Serbia
late last year.
As
alleged by the SEC
, Krstic (aka Felix Logan) was assisted by John DeMarr and Robin Enos.
Kristijan Krstic is a Serbian-Australian national. He ran his Ponzi empire from the Philippines before fleeing to Serbia where he was caught.
Krstic arrived in the Philippines after
fleeing Australia
, to escape charges related to his
Options Rider
Ponzi scheme.
John DeMarr is a Californian resident and former private detective. He was inserted as the master distributor for Krstic’s various Ponzi schemes.
Robin Enos is also a Californian resident and former attorney. He lost his license to practice in 2011 following disciplinary charges.
Enos continued to practice unlicensed and was sanctioned and fined after a client lost money in a company Enos illegally served as general counsel for.
Together Krstic and his accomplices operated and promoted Start Options and Bitcoiin2Gen.
The SEC has identified all three schemes as unregistered securities offerings.
Start Options and Bitcoiin2Gen in fact served principally as vehicles for Defendants DeMarr and Krstic to misappropriate investor funds.
By the time their schemes collapsed, they had fraudulently raised, directly or through affiliates and promoters, at least $11.4 million from more than 460 investors in Start Options and Bitcoiin2Gen, none of which has been returned to investors.
BehindMLM reviewed
Start Options
and
Bitcoiin
in December 2017 and February 2018 respectively.
Part of Bitcoiin was Dragon Mining Tech, which Krstic used to spawn off multiple Ponzi schemes;
Crypto Mining Space
,
Palilula Mining
,
BTC Trader Online
,
BTC Mining Factory
and
Coin Pool Mining
.
BehindMLM correctly identified each of Krstic’s scams as Ponzi schemes.
From approximately December 2017 through late January 2018, Krstic (using a fake name) and DeMarr touted Start Options’ purported digital asset mining and trading platform, which they falsely claimed was “the largest Bitcoin exchange in euro volume and liquidity” and “consistently rated the best and most secure Bitcoin exchange by independent news media.”
Then, from late January 2018 through May 2018, Krstic and DeMarr began promoting Bitcoiin2Gen and the sale of its so-called B2G tokens, as part of an illegal unregistered and purported initial coin offering (“ICO”).
During this period, they ignored Start Options investors’ requests for redemption and required them to roll their investments into B2G tokens.
Enos drafted the fraudulent promotional materials he knew DeMarr and Krstic were disseminating to the investing public in connection with these offerings.
Bitcoiin2Gen was a sham. Enos knowingly or recklessly drafted, and DeMarr and Krstic knowingly disseminated, fictitious technical white papers and fake websites to create the misleading appearance that the B2G tokens were genuine digital ass
🤖 Quick Answer
Who is Kristijan Krstic and what are the charges against him?Kristijan Krstic, a Serbian-Australian national also known as Felix Logan, operated a Ponzi scheme empire from the Philippines before fleeing to Serbia. The SEC has sued him and his accomplices for fraud. He previously fled Australia to escape charges related to the Options Rider Ponzi scheme.
Who assisted Kristijan Krstic in his fraudulent operations?
John DeMarr, a former private detective from California, served as master distributor for Krstic's schemes. Robin Enos, a former California attorney who lost his license in 2011, also assisted in the fraudulent operations.
What triggered the SEC lawsuit against Krstic?
The civil lawsuit followed Krstic's arrest in Serbia in late 2023. The SEC alleged that Krstic orchestrated a
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