They sold the website to Roman Romanuk, an ad tech businessman, in 2019. In 2018, the Krassensteins, along with James Kosur, co-founded Hill Reporter, an online political news portal. The Krassensteins remained involved with 3DPrint as the directors of ad sales after the site was acquired. The sale included a 25% equity stake in another website the brothers ran, 3DPrintBoard. In October 2014, the business received an equity investment from Sagamore LLC, and in September 2015, the Krassensteins sold the business to MecklerMedia in conjunction with New York based Sagamore III LLC. The Krassensteins co-founded, a 3D printing and additive manufacturing resource, together in December 2013. They rejected that deal out of concerns for their own safety. government had offered them a settlement that would have compelled them to testify against members of an "international organized crime syndicate". On their own Independent Reporter web site, the Krassensteins wrote that the U.S. They consented to asset forfeiture of about $450,000 from the sale of a rental property. The Krassensteins settled their case with the federal government. The DOJ investigated whether the brothers were actively involved in what the department described as Ponzi schemes. The federal investigators later explained that the Krassensteins' websites allowed for the publication of ads for companies that were scams, and that a criminal organization from Russia was allegedly behind the ads. The brothers were never arrested or charged with a crime. He told The Daily Beast that he and his brother were not promoting anything and that the purpose of their websites was "to help people find out which online business opportunities were legitimate and which were not." Ed Krassenstein denied any wrongdoing and said that he and his brother only sold advertising space to companies that they did not know to be fraudulent. Adams claimed that the Krassensteins were paid huge sums of money by individuals engaged in illegal activities, and that they knew that the funds had been criminally derived. In a civil asset forfeiture complaint, the DOJ accused the Krassensteins of obtaining property that was considered to be "traceable to proceeds of wire fraud." Investigators temporarily seized their phones and internet devices, and later seized their homes, a rental property and other investments. The United States Department of Justice (DOJ) raided the Krassenstein brothers' homes and web site operations in 2017, pulling TalkGold and MoneyMakerGroup offline on or around August 22. The brothers wrote on Web-Life, one of their sites, that they ran "the ONLY safelist for HYIP". In August 2017, Homeland Security Special Agent Michael Adams of the United States Department of Justice alleged that these websites were devoted to the promotion of high-yield investment programs (HYIPs). Business ventures Investing forumsīeginning in 2003 or earlier, the Krassensteins began operating web forums such as TalkGold and MoneyMakerGroup. In college, they started a business running online communities addressing topics such as video games, automobiles, and investing. According to Brian, they launched their first business at the age of 15, selling baseball cards on the internet, before moving onto running Internet forums in the early 2000s. They graduated from Mainland Regional High School in 2000. The Krassensteins were born and raised in a Jewish household in Somers Point, New Jersey. ( April 2022) ( Learn how and when to remove this template message) Please improve this section by adding secondary or tertiary sources. This section relies excessively on references to primary sources.
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