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AirBit Club Ponzi Operators Charged with Money Laundering & Fraud

Takings were spent on luxury cars, jewellery & real estate, rather than cryptocurrency mining & trading, surprise-surprise. The operators of a worldwide cryptocurrency-based Ponzi scheme have stayed charged with fraud & money laundering succeeding a U.S. Homeland Security Investigations probe. Conferring to an announcement from the U.S. Department of Justice, four of the five suspected operators of AirBit Club, which allegedly netted 10M dollars from victims, were detained & due to appear in court on Aug. 18, while the fifth was arrested in Panama & is awaiting extradition to the U.S. The scheme was launched in late 2015 & sold…

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