Wednesday, September 27, 2023
Wednesday, September 27, 2023
Wednesday, September 27, 2023

Siblings Charged in $124M Cryptocurrency Scam, Lavish Lifestyle and Deception




Sign up with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or email us.

This article was updated to adhere with AtNight Media’s Code of Ethics

A pair of siblings has been indicted on charges of defrauding approximately 20,000 investors and amassing $124 million through a cryptocurrency scam, Your Content has learned.

John Barksdale, 40, was apprehended overseas on counts of conspiracy, securities fraud, and wire fraud related to the fraudulent scheme.

His sister, JonAtina ‘Tina’ Barksdale, 45, is also implicated in court documents, which assert that they deceived investors for an extended period by misrepresenting the value of Ormeus Coin’s mining assets.

The Barksdale siblings’ social media posts captured their extravagant global travels while the scam unfolded from January 2017 until December.

- Advertisement -

Through various mediums like social media, advertisements, and investor communications, they propagated the notion that the cryptocurrency was supported by a $250 million mining venture.

However, prosecutors allege that the siblings ceased their mining operation in 2019, having generated a meager sum of under $3 million.

Instead, they purportedly presented an unidentified individual’s Bitcoin wallet as the ‘Ormeus Reserve Vault.

‘ The Barksdales are accused of amassing over $70 million from nearly 20,000 investors across the globe, according to The Daily Advent.

Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or e-mail our tip line: [email protected]

Your Content is a publication centered around breaking news, trends, and true crime investigations. Sign up to receive our biggest stories as soon as they’re published.

Chester County Coach Charged in Major Child Sexual Abuse Case

Zachary Ray, a 31-year-old basketball coach and trainer from Wynnewood, Pennsylvania, has been charged in Chester County with multiple counts of child abuse, including aggravated indecent assault, possession of child pornography, and corruption of minors, involving three children aged between 10-16 years.

Shocking Biden’s Home Address Linked to Chinese Wire Funds

Records reveal that several months after Joe Biden declared his candidacy for the 2020 presidential race in 2019, Hunter Biden received two notable wire transfers from China.

Questions Arise as Canadian Parliament Honors Nazi-affiliated Individual

Canadian Prime Minister Justin Trudeau has stirred controversy by blaming Russian propaganda for the Canadian Parliament's recognition of an individual with Nazi affiliations.

Sen. Bob Menendez, Wife Indicted: Bribery Allegations Emerge Again

U.S. attorney for the Southern District of New York, Damian Williams, has unveiled an indictment against Sen. Bob Menendez (D-NJ) and his wife, Nadine Menendez, over bribery allegations, marking a significant turn of events for the chairman of the Senate Foreign Relations Committee.