John DeMarr’s Bitcoiin fraud indictment details
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.
I love #6.
“I’m missin…uh, HE’S missing, so stop trying to contact me, uh HIM for where your money went.”
Someone who isn’t me is letting you know I don’t know where I am.
Leave me alone so I can enjoy your money that I also don’t know the location of!
JOHN DEMARR- This guy is the scum of the earth!
I heard him on a conference call early on when he was illegally pushing Start Options. He constantly bragged about himself, thought for sure he had Small Man Syndrome, a total POS.
I got off the call and instantly knew I was dealing with a Ponzi Scheme crook. Typical persuasive for your average MLM sucker! I
hope they give him extra thick knee pads when he goes to prison!
John DeMarr pleaded guilty:
justice.gov/opa/pr/us-promoter-foreign-cryptocurrency-companies-pleads-guilty-role-multimillion-dollar
Thanks for that.
This guy stole over a hundred thousand dollars from me.
I hope they give him plenty of time in prison to think about all this. But he’s the kind of person who will never change.
Only 5 years? What about all the other victims of his other crimes? We all need Justice.
Whomever he was involved with needs to go to prison. Whomever assisted with the cover ups are accessories. Karma and God.