Siblings Called Modern Day Snake Oil Salesmen For Alleged Crypto Fraud
John and JonAtina “Tina” Barksdale are accused of defrauding thousands of investors through a fake digital cryptocurrency they dubbed Ormeus Coin from June 2017 to 2022, according to SEC documents. They are also accused of running a multi-level marketing program called Ormeus Global from June 2017 through April 2018 that sold subscription packages that included Ormeus Coin. “We allege that the Barksdales acted as modern-day snake-oil salesmen, using social media, promotional websites, and in-person roadshows to mislead retail investors for their own personal benefit,” said SEC Division of Enforcement Associate Director Melissa Hodgman....