Three men charged over $722 million cryptocurrency fraud - a “high-tech Ponzi scheme”

Author: Eamonn Sheridan | Category: Cryptocurrency

Here's an interesting read on Bloomberg regarding BitClub Network, with 3 men charged with wire fraud offences while 2 remain to be apprehended.

  • Ran it from 2014 until this month
  • solicited money from investors in exchange for shares in purported cryptocurrency mining pools
  • rewarded them for recruiting new investors
The three have been charged with conspiracy to commit wire fraud  and conspiracy to sell unregistered securities

Here is the link for more. A never ending cesspit …. 
--

While on cryptos, BTC update:
Here's an interesting read on Bloomberg regarding BitClub Network, with 3 men charged with wire fraud offences while 2 remain to be apprehended.



ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose