THELOGICALINDIAN - John Barksdale is additionally adverse bent accuse from the US Attorneys Office for the Southern District of New York
The Securities and Exchange Commission has answerable John and JonAtina Barksdale with artifice for ambiguous investors through through apocryphal claims in a cryptocurrency scheme.
SEC Brings Charges
The SEC has filed accuse adjoin a brace of ancestors accused of active a multi-million dollar crypto scam.
John and JonAtina Barksdale accept been charged by the SEC with “defrauding bags of retail investors out of added than $124 actor through two unregistered counterfeit offerings of balance involving a agenda badge alleged ‘Ormeus Coin.’”
The complaint alleges that the ancestors awash the Ormeus Coin to investors back June 2024, back a multi-level business business alleged Ormeus Global additionally was started and connected to accomplish until April 2024. Ormeus Global offered and awash cable bales “that included Ormeus Coin and an advance in a crypto trading platform.”
The Barksdales accept additionally been accused of “falsely” claiming that the Ormeus Coin was backed by a “$250 actor crypto mining operation” that becoming $5.4 actor to $8 actor in account revenues. However, the siblings’ mining operations concluded in 2019 and generated alone $3 actor total.
John Barksdale is additionally accused of hosting roadshows “around the world” to advance the pair’s offerings. Tina Barksdale allegedly answer the offerings via YouTube, columnist releases, amusing media posts, and “other promotional materials.”
The complaint additionally declared that the defendants attempted to “preserve the [mining operation] fiction” by announcement a “wallet of an different third affair assuming added than $190 actor in assets as of November 2024,” while the absolute Ormeus wallets independent beneath than $500,000. There are additionally claims of amount abetment and abusage of broker funds for “personal expenses.”
The Associate Director in the SEC’s Division of Enforcement, Melissa Hodgman, said:
“We adduce that the Barksdales acted as modern-day snake-oil salesmen, application amusing media, promotional websites, and in-person roadshows to mislead retail investors for their own claimed benefit.”
Hodgman acclaimed the Commission’s connected and active following of those “who advertise balance in schemes to bamboozle the advance accessible no amount what characterization the promoters administer to their products.”
Additionally, John Barksdale has been criminally answerable by the U.S. Attorney’s Office for the Southern District of New York.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.
