Just read about this Keith Crews case that wrapped up back in June and honestly it's wild how long some of these crypto scams go unnoticed. So basically this guy ran Stemy Coin between 2019 and 2021, pulled in like $800K from nearly 200 investors by claiming his companies had stem cell tech and gold backing. Total BS obviously - the SEC proved Four Square Biz and Stem Biotech had zero labs, zero products, nothing. He just targeted church groups and community networks to build trust.

The crazy part? Keith Crews never even showed up to court. Didn't respond to anything after the SEC filed complaints back in 2023. So the judge just handed the SEC a default judgment - $1.1M total which breaks down to $530K in disgorgement, $50K interest, and another $530K penalty. Plus he's permanently banned from touching securities offerings now.

It's one of the rare enforcement wins the SEC actually got through in 2025 considering how much their crypto cases have slowed down. But yeah, Keith Crews basically ghosted the whole court process and still got hit hard. Makes you think about how many of these community-based crypto schemes are actually just running on pure deception.