Law360 (February 1, 2021, 10:46 PM EST) — New York federal prosecutors have accused a California personal detective turned would-be cryptocurrency entrepreneur of defrauding buyers in two digital asset buying and selling companies firms out of greater than $11 million.
Prosecutors say John DeMarr, 55, of Santa Ana is charged with securities fraud conspiracy and made his preliminary courtroom look within the U.S. District Court docket for the Central District of California on Monday afternoon. He was ordered launched on a $100,000 bond, his lawyer mentioned Monday.
In keeping with the federal government, DeMarr conned buyers in Begin Choices and Bitcoiin2Gen, which had been billed as on-line funding firms offering digital asset buying and selling companies….
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