Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud

Serbia extradited a man to the US after he was charged by a Dallas-based federal grand jury of defrauding investors around the world – several of which are in North Texas – of more than $ 70 million.

The program involved investing in binary options and cryptocurrency mining, the US Department of Justice claimed.

The binary options were advertised as “an average payout of 80 percent and a promised 20 percent refund for every lost trade”. The fraudulent ads also alleged investors could buy “Bitcoin at half the market price” on their crypto mining platform, the department said in a statement.

The Serbian authorities arrested Antonije Stojilkovic, 32, last July, and the US FBI (Federal Bureau of Investigations) took him to the northern district of Texas last Thursday. He is said to have had five Serbian co-conspirators and one US-based co-conspirator.

The DOJ alleges the defendants created false trading activity, withdrawal histories and wire transfers.

If convicted, Stojilkovic and his co-defendants face up to 20 years in prison.