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Topic: [2015-10-03] Alleged $32m Gemcoin crypto-bucks scam busted by Feds (Read 508 times)

sr. member
Activity: 435
Merit: 250
What is it? Never head of this coin
sr. member
Activity: 470
Merit: 250
http://www.sec.gov/litigation/complaints/2015/comp-pr2015-227.pdf

Man, the claims in section C starting on page 7 are crazy. Who believes this stuff...
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
Alleged $32m Gemcoin crypto-bucks scam busted by Feds

The US Securities and Exchange Commission (SEC) says it has broken up an investment scam that defrauded citizens out of $32m by promising to mine minerals out of the ground – and pay out profits in cryptocurrency.

http://www.theregister.co.uk/2015/10/02/gemcoins/

Yet another ponzi scheme. The only difference is that the payout was supposed to be in an altcoin.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Alleged $32m Gemcoin crypto-bucks scam busted by Feds

The US Securities and Exchange Commission (SEC) says it has broken up an investment scam that defrauded citizens out of $32m by promising to mine minerals out of the ground – and pay out profits in cryptocurrency.

http://www.theregister.co.uk/2015/10/02/gemcoins/
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