It is ponzis all the way down

Discussion in 'Crypto Assets' started by Pekelo, Dec 16, 2019.

  1. Pekelo

    Pekelo

    What do you call a 722 million bucks crypto ponzi? Monday...

    https://arstechnica.com/tech-policy...coin-scam-looked-a-lot-like-a-pyramid-scheme/

    "The scheme appears to have started as a relatively modest scam and spiraled dramatically in ambition. Internal messages between the conspirators give the impression of growing glee at the ease of taking advantage of investors, referring to “building this whole model on the backs of idiots.” The men allegedly described their victims as “dumb” investors and “sheep.”"

    Best part:

    "In 2018, a large number of Facebook posts about BitClub Network caught the eye of Japhet Mesa in Zambia. In a Medium post, he described what he saw as signs of a scam. "

    Hey, when even a guy in Nigeria... I mean in Zambia can spot you, you are done!

    More:

    https://www.justice.gov/usao-nj/pr/three-men-arrested-722-million-cryptocurrency-fraud-scheme
     
    Last edited: Dec 16, 2019