SEC scores a colossal $1.1M win as crypto conman bails on court—what a shock! 😂

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SEC scores a colossal $1.1M win as crypto conman bails on court—what a shock! 😂

Well, folks, the US Securities and Exchange Commission (SEC) just hit the jackpot—$1.1 million, to be precise! And all because some genius named Keith Crews decided that showing up in court was optional. Guess what? He wasn’t there! Maybe he thought it was a Zoom call and just forgot to unmute! 🦻🚫

A judge in Georgia, probably bored out of her mind, waved her magic gavel on June 3 and said, “You’re guilty, Keith—pay up, or else!” The man who thought he could scam his way to riches is now ordered to cough up over a million dollars—$530,000 in net profits, nearly $51,000 interest, and another $530,000 penalty. Looks like Keith’s future just got a lot less shiny—and he’s banned forever from playing with securities again. Bye-bye, conman! 👋🎩

Now, what was our charming crook doing all this time? Apparently, Keith was pretending to be the crypto king with his companies, Four Square Biz and Stem Biotech, between October 2019 and May 2021. Very impressive, Keith—if only your magic trick had worked! 💸🎩

The SEC claims he raised at least $800,000 from around 200 investors, mainly hoping to cash in on some “Stemy Coin,” which turned out to be as real as unicorns in your backyard. And get this—it was supposedly backed by stem cells and gold! Because nothing says trust like… fairy dust and fairy tales! ✨🦄

Fake labs and “trust me” partnerships

Crews was out here talking about partnerships with real doctors and fancy labs—except, surprise, surprise, there were no labs, no doctors, no research, no partnership. Nada. Just a tall tale spun to fleece folks in church and community groups. Way to go, Keith! 🎭🤥

He lied about everything—claims of stem cell technology, gold backing, even existing products. Unfortunately for him, the SEC wasn’t buying his “science fiction” story. No laws were safe from this scam artist—faulty securities laws, registration violations… basically, all the legal bad stuff. ⚖️🚨

This clever courtroom victory is one of the rare good news stories about crypto enforcement lately—maybe because Keith didn’t stick around to hear the verdict! Trust me, folks, next time you hear “Stemy Coin,” run faster than a cat on a laser pointer! 🏃‍♂️💨

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2025-06-05 08:43