After pleading not responsible to 4 counts of Bitcoiin associated fraud in April, a couple of days in the past DeMarr entered a change of plea.
Proceedings have been held on July thirtieth, at which DeMarr modified his plea to responsible.
Curiously, DeMarr’s unique indictment detailed 4 counts of fraud. DeMarr’s change of plea applies to the primary rely of conspiracy to commit securities fraud.
I’m not 100% positive however I consider this is a sign of a plea settlement between DeMarr and the DOJ.
It’s extremely probably that in trade for dropping the opposite three counts of fraud, DeMarr has entered right into a cooperation settlement of some type.
This could pertain to assortment of proof towards these above DeMarr – specifically Krsitijan Krstic.
Krstic (proper) has been individually indicted on fraud prices regarding Bitcoiin. He has additionally been indicted for working a decade lengthy $70 million greenback Ponzi empire.
Krstic was arrested final 12 months in Serbia on a global arrest warrant. He’s dealing with life in jail if convicted.
The US is has requested Krstic’s extradition however he has filed a number of appeals.
I think about insider plea offers from insiders resembling DeMarr and Antonije Stojilkovic will strengthen the DOJ’s case.
To what extent which may influence extradition proceedings although I can’t say.
John DeMarr is dealing with a most five-year jail sentence. He’s scheduled to be sentenced on January 4th, 2022.
Replace sixth January 2022 – On November 18th DeMarr’s January sentencing was rescheduled for April eighth, 2022.
The accepted motive for the adjournment was vacation scheduling with response to filings.
Replace sixth February 2022 – On January eleventh DeMarr’s sentencing was rescheduled once more for April fifth.
Replace seventh April 2022 – DeMarr’s sentencing listening to was held on April fifth however didn’t end in a sentence.
DeMarr seems to have objected to the DOJ’s Pre-sentence Report. And no matter that objection was, it was unable to be resolved on April fifth.
Consequently DeMarr has been directed to file his PSR objection by April eleventh. The DOJ will then file a response by April thirteenth.
Pending decision of DeMarr’s objection(s), keep tuned…
Replace twentieth Could 2022 – DeMarr has a brand new sentencing listening to scheduled for Could twenty fifth.
Replace twenty sixth Could 2022 – On Could twenty fourth Decide Corridor made the next order:
The sentencing listening to scheduled for Could 25, 2022, is ADJOURNED to November 14, 2022.
No rationalization for the adjournment was given. I’m pondering it might need one thing to do with Kristijan Krstic’s disappearance.
Replace twenty sixth September 2022 – On August thirty first DeMarr’s sentencing was postponed once more:
The sentencing listening to scheduled for November 14, 2022, is ADJOURNED to January 31, 2023.
As with the earlier delays, no rationalization was offered.
Replace 1st February 2023 – John DeMarr has been sentenced to five years in jail.