The US Securities and Exchange Commission (SEC) has charged the siblings, John and JonAnita (Tina) behind “Ormeus Coin” for defrauding investors of over $124 million in two unregistered securities offerings. They offered Ormeus Coin and other Crypto packages to thousands of retail investors between June 2017 to April 2018. They falsely claimed that the Crypto project runs a $250 mining operation that generates over $5 million monthly.