HomeNewsSerbia Man extradited to US for $70M Crypto Fraud

Serbia Man extradited to US for $70M Crypto Fraud

Serbia has extradited a man, Antonije Stojilkovic, to the U.S. after he was prosecuted by a Dallas court in Texas, United States. The jury claimed that he tricked financial backers around the world – a few of whom are in northern Texas – out of more than $70 million. Serbia handed the man over charges of conspiracy to commit fraud and money laundering.

The plan included requesting interests in paired choices and cryptographic money mining, the U.S. Division of Justice claimed. The binary options were advertised as “an average payout of 80 percent, and promised 20 percent refunds on every lost trade.” The fraudulent advertisements also claimed that investors could “purchase bitcoin at half market price” on its crypto mining platform, the department alleged in a statement.

Serbian authorities arrested Antonije Stojilkovic, 32, in July of last year, and the FBI delivered him to the Northern District of Texas this past Thursday. Alleged to have a dozen partners all over the world, the Department of Justice (DOJ) claims that the defendants created false trading activity, withdrawal history and wire receipts.

The co-conspirators creating more than twenty fake trading platforms to catfishe and defraud crypto investors. Platforms like Options Rider, BancdeOptions, Start Options, Dragon Mining, BTC Mining Factor, and Trinity Mining are some platforms designed by the co-conspirators. Displaying fake figures on their scam portals and exchanges, falsified the user or client’s Return on Investment (ROI).

According to the FBI agents, the conspirators had targeted various residents of Northern Texas. If convicted, Stojilkovic and his co-defendants face up to 20 years in federal prison. Nonetheless, for now, there seem to be no other cases in different nations against Stojilkovic.

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...