{"id":43824,"date":"2025-06-05T15:00:26","date_gmt":"2025-06-05T12:00:26","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43824"},"modified":"2025-06-05T12:40:43","modified_gmt":"2025-06-05T09:40:43","slug":"sec-crypto-fraud-keith-crews-stemy-coin-judgment","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sec-crypto-fraud-keith-crews-stemy-coin-judgment\/","title":{"rendered":"SEC Secures $1.1M Judgment in Stemy Coin Crypto Fraud Case"},"content":{"rendered":"<p><span data-contrast=\"auto\">The <a href=\"https:\/\/coinengineer.net\/blog\/sec-drops-binance-cryptocurrency-lawsuit-2025\/\"><strong>SEC<\/strong><\/a> has secured a <strong>$1.1 million<\/strong> judgment in a <strong>crypto fraud<\/strong> lawsuit against <strong>Keith Crews<\/strong>. A Georgia federal court ruled in favor of theStemy Coin: Unveiling the <strong>Stem Cell Crypto Scam<\/strong> after Crews failed to respond to the charges in the case filed in <strong>August 2023<\/strong>. The fraudulent project, known as Stemy Coin, was marketed to investors as being backed by stem cell technology.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The court ordered Crews to return<strong> $530,000<\/strong> in net profits. Additionally, <strong>Crews<\/strong> must pay approximately $51,000 in interest and a <strong>$530,000<\/strong> civil penalty. He has also been permanently barred from violating securities laws. The SEC achieved this victory despite reduced <strong>crypto<\/strong> enforcement during the <a href=\"https:\/\/coinengineer.net\/blog\/truth-social-bitcoin-etf-sec-application-trump\/\"><strong>Trump<\/strong><\/a> administration. The agency claimed Crews operated a crypto fraud scheme through two entities, Four Square Biz and Stem Biotech, between October 2019 and May 2021. During this period, he and his partners raised about <strong>$800,000<\/strong> from nearly <strong>200 investors<\/strong> using a digital asset called <strong>\u201cStemy Coin<\/strong>.<strong>\u201d<\/strong> Most of the investors were <strong>African-American<\/strong> individuals and members of church communities.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-ccp-props=\"{}\">Stemy Coin: Unveiling the Stem Cell Crypto Scam <\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>Crews<\/strong> promised to refund unaccredited investors, but failed to fulfill that commitment. The SEC highlighted that Crews did not take reasonable steps to verify the financial status of investors and lacked personal <strong>financial information<\/strong> on most of them. These oversights jeopardized investor safety and led to violations of securities laws. Investigations confirmed that <strong>Stemy Coin<\/strong> had no real product or technology, exposing the project as a complete scam.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">To persuade investors, Crews made <strong>false claims<\/strong>, stating the token was backed by stem cell technology and assets like gold. He also claimed partnerships with laboratories, products, <strong>stem cell<\/strong> treatments, and doctors, all of which turned out to be fabricated. The SEC successfully demonstrated the <strong>falsity<\/strong> of these <strong>claims<\/strong>.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Investigations revealed that the companies produced neither <strong>products nor technologies<\/strong>, and there was no evidence of labs or scientific studies. The <strong>SEC<\/strong> emphasized that these actions violated several provisions of the <strong>Securities Act and Exchange Act<\/strong>.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has secured a $1.1 million judgment in a crypto fraud lawsuit against Keith Crews. A Georgia federal court ruled in favor of theStemy Coin: Unveiling the Stem Cell Crypto Scam after Crews failed to respond to the charges in the case filed in August 2023. The fraudulent project, known as Stemy Coin, was<\/p>\n","protected":false},"author":36,"featured_media":43825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[17475,17480,17469,17477,17474,17476,17473,17472,17479,17253,17471,17470,17478],"class_list":["post-43824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-church-crypto-victims","tag-crypto-enforcement-2025","tag-crypto-fraud-case","tag-digital-asset-fraud","tag-fake-crypto-tokens","tag-four-square-biz-scam","tag-investor-protection-sec","tag-keith-crews-fraud","tag-misleading-crypto-investments","tag-sec-crypto-lawsuit","tag-stem-cell-crypto","tag-stemy-coin-scam","tag-unregulated-crypto-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Secures $1.1M Judgment in Stemy Coin Crypto Fraud Case - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/sec-crypto-fraud-keith-crews-stemy-coin-judgment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Secures $1.1M Judgment in Stemy Coin Crypto Fraud Case - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The SEC has secured a $1.1 million judgment in a crypto fraud lawsuit against Keith Crews. A Georgia federal court ruled in favor of theStemy Coin: Unveiling the Stem Cell Crypto Scam after Crews failed to respond to the charges in the case filed in August 2023. 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