Bitcoin Buying and selling World has obtained a Desist and Chorus Order from California’s Division of Monetary Safety and Innovation.
On June twenty eighth, DFPI cited Bitcoin Buying and selling World and Antonije Stojiljkovic for securities fraud.
Only one drawback although… Bitcoin Buying and selling World is lengthy gone and Stojiljkovic is already serving time in jail.
Launched in 2018, Bitcoin Buying and selling World was a part of Kristijan Krstic’s Ponzi empire.
Stojiljkovic, as “Tony Rivas”, ran Bitcoin Buying and selling World with Krstic and different accomplices.
As per DFPI’s D&R Order;
In any respect related instances, Antonije Stojiljkovic (Stojiljkovic) helped create, promote, market, and set up fraudulent funding platforms, together with Bitcoin Buying and selling World. Stojiljkovic was the purported consultant of Bitcoin Buying and selling World.
In or round October of 2018, Stojiljkovic engaged in providing and promoting securities within the type of funding contracts through the Bitcoin Buying and selling World’s public web site and video calls to a minimum of three traders in California.
Bitcoin Buying and selling World inspired traders to solicit different new traders in trade for better monetary returns on their preliminary investments.
After the 30-day funding interval expired, traders couldn’t withdraw their investments.
Communications by Stojiljkovic aka Tony Rivas supplied excuses as to why traders couldn’t switch the funds from their Bitcoin Buying and selling World accounts and shortly after Bitcoin Buying and selling World halted its operations and stopped speaking to the traders completely.
The order goes on to acknowledge Stojiljkovic’s indictment, responsible plea and sentencing earlier this yr.
In July 2020, a federal grand jury in Texas indicted Stojiljkovic, amongst others, on costs of conspiracy to commit wire fraud and conspiracy to commit cash laundering.
In November 2021, Stojiljkovic pled responsible to the costs of conspiracy to commit wire fraud in a felony case filed by
the United State Lawyer’s Workplace.On February 23, 2023, Stojiljkovic was sentenced to 36 months imprisonment, supervised launch of two years and fee of restitution within the quantity of $183,000.
Nonetheless, having decided Stojiljkovic supplied unregistered securities via Bitcoin Buying and selling World…
The funding contracts offered to California traders by Bitcoin Buying and selling World and Stojiljkovic aka Tony Rivas have been securities supplied or offered on this state in an issuer transaction.
…DFPI has ordered Stojiljkovic to “desist and chorus” from committing additional acts of securities fraud in California.
Pursuant to part 25532 of the Company Securities Regulation of 1968, Bitcoin Buying and selling World and Antonije Stojiljkovic aka Tony Rivas are hereby ordered to desist and chorus from the additional providing or promoting any safety within the State of California, together with however not restricted to funding contracts in “cryptocurrency mining applications”.
Stojiljkovic is due for launch from late 2025.
His boss, Kristijan Krstic, is on the run after Serbian authorities let Krstic and his spouse go in 2021.
Whereas I can’t verify something, as of August 2022 the Krstics are believed to be hiding out within the Philippines.
