The US Securities and Exchange Commission (SEC) announced that it has taken down a $124 million securities fraud. The two perpetrators behind it were a pair of siblings - John and Jonatina Barksdale. They allegedly defrauded thousands of retail investors throughf two illegal securities offering platforms. What is more, the US Attorney for the Southern District of New York Office also filed another set of charges against John Barksdale for conspiracy wire fraud activities as well as securities fraud. According to SEC’s official press release, the scheme revolved around a fake token called “Ormenus Coin”, which existed since June 2017 until recently. Another crypto fraud taken down, who knows how many more are left.