Krutika Adani
The SEC accused Crews of defrauding investors via “Stemy Coin.” With no response, a Georgia judge handed down a default judgment in the SEC’s favor.
Judge Tiffany Johnson ordered Crews to repay $530K in ill-gotten gains, nearly $51K in interest, and an additional $530K civil penalty.
Crews falsely claimed that Stemy Coin was backed by real assets and stem cell research—raising $800K from around 200 people, often via church ties.
According to the complaint, all claims about existing products, research, and partnerships were fabricated. The scam ran from 2019 to 2021.