A brother-sister duo has been charged after allegedly defrauding tens of thousands of investors out of $124 million with their cryptocurrency, as they spent millions of dollars on travel, real estate and other personal expenses.John Barksdale, 40, was 'arrested abroad' on conspiracy, securities fraud and wire fraud charges, the United States Attorney's Office announced on Tuesday, after he and his sister JonAtina 'Tina' Barksdale, 45, allegedly lied to investors for years about the value and profitability of Ormeus Coin's mining assets.The Barksdales, through their multi-level marketing company Ormeus Global SA, took in more than $124 million from nearly 20,000 investors throughout the world between January 2017 and October 2021, as they spent millions of dollars on travel, real estate and other personal expenses, according to an filed in the Southern District of New York in November.
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