I think this article is about the same company. 200% to 300% return on your money? Were they investing in CryptoDouble?
http://news.yahoo.com/alleged-bitcoin-scam-leaves-millions-missing-132209213.html;_ylt=AwrBJR_V59hU9DwAkHXQtDMD
Topic: 2015-02-09 CA - Mycoin.HK packages Ponzi Scheme As Guaranteed Bitcoin Payout (Read 1174 times)
February 09, 2015, 01:04:20 PM
February 09, 2015, 08:36:54 AM
ponzie sceams are just ponzie......they will surely someday run away
But the case in point here is I don't think people knew this was a ponzi and were genuinely duped into investing believing it to be genuine.
"One local woman was quoted as saying:"
Quote
"We were told by those at higher tiers [of the scheme] that we can get our money back if we find more new clients."
Sure smells like some ponzi.
http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/
February 09, 2015, 08:13:47 AM
ponzie sceams are just ponzie......they will surely someday run away
But the case in point here is I don't think people knew this was a ponzi and were genuinely duped into investing believing it to be genuine.
February 09, 2015, 08:03:40 AM
ponzie sceams are just ponzie......they will surely someday run away
February 09, 2015, 05:48:21 AM
http://www.cryptoarticles.com/crypto-news/mycoinhk-packages-fiat-currency-ponzi-scheme-as-guaranteed-bitcoin-payout
Over the course of this past weekend, we have received several reports regarding the Hong-Kong based Mycoin.hk, which apparently closed its doors without warning and ran away with a lot of users’ funds. The reason why this is important is because the Mycoin.hk platform packaged their investment plan so that customers would receive Bitcoin in return for a fiat currency investment. While the scheme itself looks a lot like a ponzi scheme, they did manage to collect a ton of money from unsuspecting investors, and give Bitcoin an even worse reputation at the same time.
Over the course of this past weekend, we have received several reports regarding the Hong-Kong based Mycoin.hk, which apparently closed its doors without warning and ran away with a lot of users’ funds. The reason why this is important is because the Mycoin.hk platform packaged their investment plan so that customers would receive Bitcoin in return for a fiat currency investment. While the scheme itself looks a lot like a ponzi scheme, they did manage to collect a ton of money from unsuspecting investors, and give Bitcoin an even worse reputation at the same time.
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