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Topic: [2014-04-04] Cyprus Mail: Police probe claims of bitcoin fraud (Read 822 times)

global moderator
Activity: 4046
Merit: 2732
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That's unfortunately true, but it's not like you can't do all these scams with fiat as well though, just people wont see it that way.

The problem with Bitcoin is that one out of every two people dealing with it is a con-artist.

Unfortunately the things that make Bitcoin great and unique are also of great benefit to scammers.


and law enforcement, covert ops, and spy agencies

I think it'll be a while before we see any evidence of them using it. Cash is still hard to track with fake documents and bank accounts etc which all them agencies wont have any trouble getting access to.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
That's unfortunately true, but it's not like you can't do all these scams with fiat as well though, just people wont see it that way.

The problem with Bitcoin is that one out of every two people dealing with it is a con-artist.

Unfortunately the things that make Bitcoin great and unique are also of great benefit to scammers.


and law enforcement, covert ops, and spy agencies
legendary
Activity: 1232
Merit: 1195
That's unfortunately true, but it's not like you can't do all these scams with fiat as well though, just people wont see it that way.

The problem with Bitcoin is that one out of every two people dealing with it is a con-artist.

Unfortunately the things that make Bitcoin great and unique are also of great benefit to scammers.
legendary
Activity: 3808
Merit: 1219
That's unfortunately true, but it's not like you can't do all these scams with fiat as well though, just people wont see it that way.

The problem with Bitcoin is that one out of every two people dealing with it is a con-artist.
sr. member
Activity: 462
Merit: 253
Quote
Two persons have filed complaints to the police alleging they paid the company cash, but have not received bitcoins in exchange.

How can this be possible? They were not offering any services yet.
legendary
Activity: 1232
Merit: 1195
There's going to be far more scams like these as Bitcoin grows. Just look at all the ones conducted here daily. At least with payong with fiat there's a money trail.

Incidents such as these will definitely put off individuals and companies who had plans to adopt the currency. Sad.  Sad

That's unfortunately true, but it's not like you can't do all these scams with fiat as well though, just people wont see it that way.
legendary
Activity: 3808
Merit: 1219
There's going to be far more scams like these as Bitcoin grows. Just look at all the ones conducted here daily. At least with payong with fiat there's a money trail.

Incidents such as these will definitely put off individuals and companies who had plans to adopt the currency. Sad.  Sad
legendary
Activity: 1232
Merit: 1195
There's going to be far more scams like these as Bitcoin grows. Just look at all the ones conducted here daily. At least with payong with fiat there's a money trail.
legendary
Activity: 1092
Merit: 1001
Touchdown
From one of the most exciting prospects in the crypto currency space (if ever there was a need for Bitcoin and a people ready to embrace it, it was in Cyprus) to at best a failure and at worst a scam.  An unmitigated disaster so far.  I had hoped the brand would be worth saving given the big (and apparently very successful) advertising campaign, but now I am not so sure.  Very disappointing.
legendary
Activity: 3808
Merit: 1219
http://cyprus-mail.com/2014/04/04/police-probe-claims-of-bitcoin-fraud/

Quote
POLICE are looking into allegations that Cyprus-based bitcoin marketers Neo & Bee have defrauded at least two customers, as the company’s CEO continues to be missing in action. Two persons have filed complaints to the police alleging they paid the company cash, but have not received bitcoins in exchange. The complaints were filed four or five days ago, a police spokesman said. The amounts concerned are €20,000 and €15,000.
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