Advertisements
FORUM

Bitcoin: U.S. Justice Dept charges three men for alleged $722 fraud

Bitcoin: U.S. Justice Dept charges three men for alleged $722 fraud

United States authorities arrested three men in an alleged fraud that raised $722 million from investors lured by fake bitcoin mining earnings, the Justice Department announced Tuesday.

Prosecutors described the scam as a “high-tech Ponzi scheme” run by the “BitClub Network,” which took money from investors and rewarded them for recruiting new shareholders.

From April 2014 through December 2019 the group attracted unsuspecting investors using fraudulent earnings purported to come from the network’s mining pool, according to the statement.

Continue reading Bitcoin: U.S. Justice Dept charges three men for alleged $722 fraud at Vanguard News.

Akahi News Recommends This Source Link For Details

Advertisements
  1. Register, Attend and Pass At Once in 2020 Jamb- UTME - Call 08038644328

  2. Admission into Obafemi Awolowo University is made easy at Akahi Tutors, Ile-Ife. Click Here For Details.

  3. Practice FREE School of Nursing Past Questions for ALL Schools Here!

  4. 2020 Jamb UTME Form will be on sale from 10th January, 2020 at Akahi Tutors, Ile-Ife.

  5. Akahi Tutors provides Decent Hostel Accommodation for Students coming from Lagos, Cross River, Abuja etc. Just dial - 08038644328

Categories: FORUM

Tagged as: Vanguard