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Founder of Crypto Trading Firm “Seaquake” Andrew Katz Returns to NY Criminal Court to face Felony Assault Charge

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Crypto Firm Co-Founder Andrew Ross Katz aka Ross Katz aka Stark Katz

Andrew Katz aka Ross Katz aka Stark Katz, the co-founder of so-called digital asset infrastructure and crypto-currency trading firm Seaquake.io, who along with his partner Matthew J. Krueger of San Francisco are facing investor fraud charges, is now slated to return to New York Criminal Court July 14 to answer to one count of felony assault, one count of grand larceny and one count of aggravated harassment.

Court: New York Criminal Court
Case # CR-020482-20NY

Incident

  • Date:March 30, 2020 
  • CJTN:69486391P 

Arrest

  • Date & Time:November 5, 2020 09:30
  • Arrest #:M20629660 

Officer

  • Agency:NYPD 


Defendant Katz, Andrew R Katz, whose bail was set at $200,000 had him posting $100,000 in cash, which sources believe to have emanated from funds that Katz and his partner Matthew J. Krueger of San Francisco hoodwinked from a Florida-based family office 18 months ago.

Defendant Katz, who continues to promote himself on LinkedIn and on the firm’s website as co-founder of the so-called digital asset infrastructure company “Seaquake.io” was arrested this past November in New York and has been granted numerous delays to answer to the latest charges. If Katz is found guilty, or if decides to plead guilty and save the court system the aggravation of having to deal with him, he could be sentenced to a minimum of 2 years in prison.

As to the charge of Aggravated Harassment, according to multiple sources, this particular charge is consistent with a behavior pattern that Katz has perpetrated repeatedly over the past several years against various people (unrelated to the current charges). No less than four individuals who have had ‘run-ins’ with Katz, including former landlords, relatives, and aggrieved investors have each independently contacted MarketMuse to share respective incidences in which Katz has tormented them with physical threats via voice message and text messages sent by ‘burner phones’, as well as defamatory messages that Katz has posted on social media platforms, all in effort to intimidate these individuals in retribution for legitimate complaints they had made against him in various jurisdictions.

andrew-katz-matthew-krueger-seaquake-investor-fraudAs reported previously Katz and Krueger (pictured left) who also still promotes himself on LinkedIn and on the company’s website as Chief Financial Officer for Seaquake), have both been labeled “the Crypto Kleptos” and The Seaquake Slime Boys” by several people interviewed. Rumor is they are both facing a pending list of other criminal matters, including SBA PPP bank loan fraud. Public records indicate that Mssrs. Katz and Krueger applied for a PPP loan for Seaquake OPS LLC, a Wyoming entity that Seaquake corporate presentations have identified as one of several Seaquake companies. Seaquake OPS LLC did receive a Paycheck Protection Loan of $22,813 through Wells Fargo Bank, National Association, in May, 2020.

Bitcoins Become Trading Firms’ Focus

MarketsMuse blog update profiles how the increasing interest in bitcoins is leading some investors in opening bitcoin financial services firms. Many believe that this move can help reduce the volatility and increases favorability of bitcoins.  This update is courtesy of the Wall Street Journal’s article, “Big Investor Involvement Could Boost Bitcoin“, with an excerpt below.

Some of the U.S.’s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving a potential boost to the fledgling virtual-currency industry.

While still cautious of becoming exposed to “cryptocurrencies,” some of the firms, which trade with their own money on the.ir own behalf, say they see potential for big profits in trading bitcoin as more investors enter the market and financial-services firms use the currency to streamline transactions.

Their involvement could help reduce volatility in the market for bitcoin, which has struggled to gain legitimacy in part because of concerns about wild swings in its price.

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

To continue reading the article on bitcoin firms from the Wall Street Journal, click here.