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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

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

Press Releases

Contact Information

For questions regarding the prosecution of this case please contact the U.S. Attorney’s Victim-Witness Unit at Victim.Assistance@usdoj.gov. For questions pertaining to investments please contact the IRS-Criminal Investigation via e-mail at emsvictim@ci.irs.gov.

Updated December 15, 2022