February 2, 2021 By Becky Bracken
Feds charged California-based private detective for stealing $11M from investors, with help from actor Steven Seagal.
Hundreds of investors in a fake cryptocurrency scam were bilked out of $11 million by John DeMarr, who advised them to invest in fake cryptocurrency “Bitcoiin,” took their money and spent it on a Porsche, jewelry and upgrades to his home, a criminal complaint from the Department of Justice alleges.
Actor Steven Seagal was hired to promote the company, also known as “Bitcoiin2Gen” or “B2G,” and was ordered last year by the Securities and Exchange Commission to pay a $157,000 penalty, without admitting to any crimes.
