Called this one in early September. It looked like a scam, and smelled like a scam. Hey, what do you know, it really was a scam.
Being involved with Bitcoin has really improved my scam detection, and that "GemCoin" scheme sure reeked of it. Glad they're getting nailed to the mat by the authorities.
Topic: [2015-10-01]Digital currency firm accused of fraud, office raided by authorities (Read 481 times)
October 02, 2015, 12:24:37 PM
October 01, 2015, 11:53:36 AM
Arcadia-based Gemcoin’s office was raided by federal authorities on the charges of bilking about $32 million from Chinese and U.S. investors. The report of the raid appeared in the Latimes.com and the news site also claims that the raid happened on Tuesday.
http://www.newsbtc.com/2015/10/01/digital-currency-firm-accused-of-fraud-office-raided-by-authorities/
http://www.newsbtc.com/2015/10/01/digital-currency-firm-accused-of-fraud-office-raided-by-authorities/
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