Tina Barksdale
Co-creator of Ormeus Coin (JonAtina Barksdale) who led production of the promotional materials behind the $124M fraud. The SEC won a default judgment ordering disgorgement and a ~$23.1M civil penalty.
Also known as: JonAtina Barksdale
Note: The SEC obtained a civil default judgment against Tina Barksdale.
Bio
JonAtina "Tina" Barksdale co-created Ormeus Coin with her brother John, leading production of the social-media posts, YouTube videos, and press releases that the SEC said falsely portrayed the token as backed by a vast mining operation. [1][2]
Status
The SEC charged Tina Barksdale in 2022; a March 2023 default judgment held the siblings jointly liable for ~$56.3 million in disgorgement and interest and imposed a ~$23.1 million civil penalty on her. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
HEX / PulseChain (Richard Heart)ProjectsCrypto projects (HEX, PulseChain, PulseX) created by Richard Heart (Richard Schueler). In July 2023 the U.S. SEC sued him for offering unregistered securities that raised $1B+ and for allegedly misappropriating ~$12M for luxury goods (including a 555-carat diamond). A court dismissed the case in 2024 for lack of U.S. jurisdiction; there was no finding of wrongdoing and Heart denies the allegations.
This page was last updated on Jun 15, 2026. View revision history.
