U.S. Department
of Justice
U.S. v. Ryan Mark Ginster, 22-CR-00374 JSC
Beginning no later than February 2018, and continuing through no later than February 2021, the defendant, Ryan Mark Ginster, created and ran a fraudulent High-Yield Investment Plan (HYIP) website called Socialprofimatic.com. Using this website, the defendant communicated false statements and other material misrepresentations about investment opportunities, including that individuals who made cryptocurrency investments in the “Socialprofimatic program” through the website would receive exorbitant rates of return, that the invested funds would be used to fund social media marketing campaigns, and that investors would be able to withdraw invested funds at any time. Instead, the defendant kept the funds, depositing them into cryptocurrency wallets and bank accounts under his control. On or around March 28, 2018, the defendant intentionally stopped fulfilling investor orders or returning funds from individuals who had invested in Socialprofimatic.com.
The defendant was charged in a criminal complaint on Nov. 16, 2021. Case No: 3:21-mj-71802 MAG. The defendant was subsequently charged in an Information with One Count of Wire Fraud on September 27, 2022. 22-CR-00374 JSC.
Court Documents
Court Events
| Date | Event |
|---|---|
| November 16, 2021 | Complaint Filed (under seal) |
| September 27, 2022 | Information Filed |
| September 28, 2022 | Arraignment held |
| December 14, 2022 @ 8:30 AM PST Judge Jacqueline Corley, Courtroom 8, 19th Floor, 450 Golden Gate Ave., SF |
Change of Plea |
| Wednesday, March 29, 2023 at 9:00 AM PST Judge Jacqueline Corley, Courtroom 8, 19th Floor, 450 Golden Gate Ave., SF |
Sentencing |
| August 2, 2023 at 12:00 PM PST Judge Jacqueline Corley, Courtroom 8, 19th Floor, 450 Golden Gate Ave., SF |
Restitution Hearing* |
*If you would like to submit a restitution claim for the August 2, 2023 hearing please e-mail a letter along with supporting documentation for your claim to: Victim.AssistanceNDCA@usdoj.gov by 3:00 PM PST August 1, 2023.
Press Releases
- Southern California Man Charged In Cryptocurrency Fraud Scheme
- Southern California Man Pleads Guilty To Cryptocurrency Fraud
Contact Information
For questions regarding the prosecution of this case please contact the U.S. Attorney’s Victim-Witness Unit at Victim.AssistanceNDCA@usdoj.gov. For questions pertaining to investments please contact the IRS-Criminal Investigation via e-mail at emsvictim@ci.irs.gov.