"US prosecutors have arrested three men while investigating an alleged $722 million Bitcoin scam.
The Justice Department has branded the activities of the ‘BitClub Network’ as a “high-tech Ponzi scheme” that lured victims with fake Bitcoin mining profits while taking money from investors who were rewarded for recruiting new members.
Apparently preying on people across the globe, the scheme is understood to have operated from April 2014 until recent days from offices in New Jersey, according to an indictment signed by US Attorney Craig Carpenito.
The arrested men are 37-year-old Matthew Brent Goettsche of Lafayette, Colorado, Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, and 49-year-old Joseph Frank Abel, of Camarillo, California. Goettsche and Weeks were charged with conspiracy to commit wire fraud, while Abel and Weeks were charged with conspiracy to offer and sell unregistered securities."
https://coinrivet.com/cryptocurrency-rocked-by-massive-bitcoin-fraud/
#cryptocurrency
The Justice Department has branded the activities of the ‘BitClub Network’ as a “high-tech Ponzi scheme” that lured victims with fake Bitcoin mining profits while taking money from investors who were rewarded for recruiting new members.
Apparently preying on people across the globe, the scheme is understood to have operated from April 2014 until recent days from offices in New Jersey, according to an indictment signed by US Attorney Craig Carpenito.
The arrested men are 37-year-old Matthew Brent Goettsche of Lafayette, Colorado, Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, and 49-year-old Joseph Frank Abel, of Camarillo, California. Goettsche and Weeks were charged with conspiracy to commit wire fraud, while Abel and Weeks were charged with conspiracy to offer and sell unregistered securities."
https://coinrivet.com/cryptocurrency-rocked-by-massive-bitcoin-fraud/
#cryptocurrency