PlusToken Ponzi Goes To Jail | Bitcointalksearch.org

TrevorS

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Quote from: tippytoes on July 30, 2020, 06:58:09 PM

But unfortunately, only few of these cases have been resolved. A lot of them already disappeared along with their collected money. Remember, there are so many anonymous projects launched in 2017 that raised huge funds and where are they now? Enjoying the money of others. But at least, this one got their justice but I wonder if they can recover some of those funds?

However, it is better to move than to stand still, even in small steps. The cryptocurrency is not regulated, which means that scammers can feel very relaxed. BUT such cases show us that times are changing, now, before conceiving a scam, they have to think about it. Because there is a possibility that they will be found and sent to prison. Not a single scam is forgotten. It is possible that in 10 years we will continue to jail the people who created the scams in 2017.

TrevorS

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However, it is better to move than to stand still, even in small steps. The cryptocurrency is not regulated, which means that scammers can feel very relaxed. BUT such cases show us that times are changing, now, before conceiving a scam, they have to think about it. Because there is a possibility that they will be found and sent to prison. Not a single scam is forgotten. It is possible that in 10 years we will continue to jail the people who created the scams in 2017.

Iyeman

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Quote from: jahepahit on August 23, 2020, 02:59:18 PM

things like this will put other projects that may have such mind into order. the fact that they will hunted down is enough to make them behave in a normal way. and most importantly is how the funds will be collected and returned to the investors. if this si down then thats a full justice.

The funds will be traced by the police and in my opinion if the same method will be used to return the investor's money too. You should watch the process that already used by SEC to return the investor's fund.

The investors will have needed to provide the evidence if they have already invested in the scam project and there will be a verification to return the money back to the its owner.

SaShiRaJaVu

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Quote from: tvplus006 on August 23, 2020, 03:15:48 PM

I think we don't need such statistics. The number of scammers in all countries will be approximately the same, but not everyone has access to the necessary means of distributing such information. Very often, people become victims of scammers when they lose hope of earning money in a legal way and use such Ponzi schemes as the last opportunity to fix their financial situation.

It is completely false, people tend to find attractive returns and jump onto ponzi schemes, in real world you cannot expect multiple returns by investing your money in stock or bonds in a short period and all they know is that the cryptocurrency world will provide instant profit and that is how majority jump into these scams.

tvplus006

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Quote from: desticy on August 23, 2020, 01:33:18 PM

There are statistics showing which countries have the most scams. This does not characterise the people living there in a bad way. Although from the point of view of ignorance at the expense of which any scam lives, these countries do lag behind to some extent. It is ignorance that allows scammers to deceive people who are too lazy to learn. It is these people who become the first victims of any scam.

I think we don't need such statistics. The number of scammers in all countries will be approximately the same, but not everyone has access to the necessary means of distributing such information. Very often, people become victims of scammers when they lose hope of earning money in a legal way and use such Ponzi schemes as the last opportunity to fix their financial situation.

jahepahit

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things like this will put other projects that may have such mind into order. the fact that they will hunted down is enough to make them behave in a normal way. and most importantly is how the funds will be collected and returned to the investors. if this si down then thats a full justice.

desticy

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Quote from: jademaxsuy on August 03, 2020, 08:27:50 AM

Quote from: desticy on August 03, 2020, 08:14:00 AM

There are many of these schemes not only in China and Japan, there are many of them everywhere. Nowadays, many come from Singapore, usually related to cryptocurrency.
Quite a few of these schemes are based in Russia. Beautiful words, marketing and the hope that you will get rich this time leads people straight into this trap. And of course, financial illiteracy does its job.

Dropping names of country where scam originated is not really good but anyway this is the life of anonymous. Anyone are free to scrutinize without exposing identity.

Scams really come from all over the world. Mostly scammers come from most corrupt country. Scammers were just like being encourage from those countries seeing unsystematic leaders that are corrupt. They just follow what leaders do and this is why others are very innovative creating their ways on scamming. Old school tricks still effective.

Try to.post here that you will buy bitcoin and many users will going to pm you trying to scam you. Some of them are idiot scammers.

There are statistics showing which countries have the most scams. This does not characterise the people living there in a bad way. Although from the point of view of ignorance at the expense of which any scam lives, these countries do lag behind to some extent. It is ignorance that allows scammers to deceive people who are too lazy to learn. It is these people who become the first victims of any scam.

Nellayar

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Quote from: Utoy101 on August 04, 2020, 07:35:07 PM

Quote from: bitcoinst on July 30, 2020, 06:59:52 AM

It is not yet known whether the most important persons of this Scam have been arrested, but the fact that the scammers are systematically sent to prison makes me happy.

Nice effort from Chinese authority, I'm also happy that scammers are not getting away with it no more and i hope a refund will be made to the victims of the plus token ponzi scheme. I learnt the scame was orchestrated by a large team and only few has been captured so far but i have no doubt, even the remaining once will be brought behind bars

This is really a good news for investors specially those who are searching or planning to invest in this ponzi scheme. For the past recent years, investing becomes worst in online. Many ICO before was shutdown because the project is a scam. I hope someday ponzi scheme will be eradicated because it os the one that destroys the potential growth of every project. Scammers are the cancer of every investment. They are the online thief that we should be avoided.

Fredomago

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Quote from: judeafante on August 04, 2020, 10:49:08 PM

All those who are associated with PlusToken office and promotion should be charged but it's just so disheartening that the big wings are still at large when they are the one supposed to be the first to go to jail for launching Plustoken and scamming investors with billions of dollars, justice should be served for the victims.

That's supposed the right thing to do, those big gainers behind this project should be the one who's being punished.

The people / victims are now getting some justice but this should not be stopping from here,
everyone who are involved should also be punished after this people who got caught.

judeafante

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All those who are associated with PlusToken office and promotion should be charged but it's just so disheartening that the big wings are still at large when they are the one supposed to be the first to go to jail for launching Plustoken and scamming investors with billions of dollars, justice should be served for the victims.

Kelvinid

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Ponzi and other way of scamming scheme has been expose already to the public and people had already been vigilant with this. So any time they will be reported and get arrested by the authorities. The continuous combat against this scheme will never have its end because scammers will find a way to fulfill their goals. Unless if we all keep fighting with it.

The question is, do the authorities will give back the money to the investors? Or they will keep it? Ihope they will as it gives hopes for investors to recover their money back.

Quote from: judeafante on August 04, 2020, 10:49:08 PM

All those who are associated with PlusToken office and promotion should be charged but it's just so disheartening that the big wings are still at large.

He should face the consequences that he made. It sooner he will be of together with his friends.

Kotone

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Quote from: Finestream on August 04, 2020, 07:44:16 PM

How about the money that they scammed?

Was it recovered or is it possible to be recovered?

Obviously the answered to that is gone. It did not mentioned about the money if its gonna be recovered the topic only focus on the arrested plus token members. Its really dissapointing knowing that these people wasted other people's money.

Im likely to know too if incident like this have some return of funds for those got victim of the scam. But since they have chosen to invest on a none government authorized companies, there will be no refund probably on this case.

palle11

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Quote from: tycsols on July 30, 2020, 08:00:40 AM

Great news, It is really good to see such people being arrested and will be trialed and punished later it will really discourage new ponzi scammers and it was high time to take action against these culprits. I think in next phase so called big leaders should also be arrested who lure innocent people into these ponzi schemes just for the sake of fast comissions.

Ponzi platforms have brought negative critism to cryptocurrency, the developers see it as easy means to make money. People have not stopped patronizing ponzi and that is why new schemes would find their way to the market despite warning, arrest made to culprit.

Finestream

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How about the money that they scammed?

Was it recovered or is it possible to be recovered?

I didn't read it in the article so I just ask your opinion regarding this. If this money are still moving, there must be some people out there that are still free to move and spend the funds for their interest, so this is just a partial justice, a full justice will only be achieved once the money will be return to the people who got scammed, either part or portion of it, they'll already be happy with that.

Clement Kaliyar

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Quote from: bitcoinst on July 30, 2020, 06:59:52 AM

It is not yet known whether the most important persons of this Scam have been arrested, but the fact that the scammers are systematically sent to prison makes me happy.

Glad to see a change in things, scammers going to jail, what about the money they collected, will they confiscate everything and return to the investors, the good aspect of legalization of the entire market is that anyone trying to scam investors will be behind bars and for that sole reason i would like to see strict regulation on collecting funds and these scum bags should rot in jail.

Utoy101

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Quote from: bitcoinst on July 30, 2020, 06:59:52 AM

It is not yet known whether the most important persons of this Scam have been arrested, but the fact that the scammers are systematically sent to prison makes me happy.

Nice effort from Chinese authority, I'm also happy that scammers are not getting away with it no more and i hope a refund will be made to the victims of the plus token ponzi scheme. I learnt the scame was orchestrated by a large team and only few has been captured so far but i have no doubt, even the remaining once will be brought behind bars

BayAngelo

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may i know the process of refunding investors. since it has been discovered that the project is a scam. are they not going to refunds those that invested their money on the project or the government is going to seize the money. there should be a way of sending the money back to the owners and encourage them to invest wisely.

pedpedped101

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Quote from: smyslov on August 01, 2020, 01:52:43 PM

Quote from: qigong13 on August 01, 2020, 01:35:46 PM

Launched in early 2018 and only got busted today with almost $3 billion from the scam? Hell, even I hate scammers, have to give them the credit for able to amass that much money with just a simple ponzi scheme at today.

They made it the system appear to last for lifetime and they promote income for life and quick rich, the human side of us is we want to make a lot of money at minimal effort with a system in place, so people gamble because they see people actually making money but late comers are not lucky because the Ponzi Scheme company run away with member's money.

That is how ponzi scheme works. There will always be victims, because the purpose of its launch most times is to amass fund and laterchart people's money away. most of them use the crypto space as a fast avenue to collect funds and later look for dubious means to run away. Projects like Bitconnect ougt to have been caught, i mean their team members, but toat=y we do not know their whereabout.

tbterryboy

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It’s good to know that they have been brought to face judgement. Imagine that every scammer should be caught the same way as they have done with these people, they will all think twice about it twice before engaging in such things as scamming people. Would be better for them if they look for a better means to make money than scamming others.

Quote from: bitcoinst on July 30, 2020, 06:59:52 AM

It is not yet known whether the most important persons of this Scam have been arrested, but the fact that the scammers are systematically sent to prison makes me happy.

Even if the main person that orchestrated the plan hasn’t been caught yet, the people that has been caught will help in giving information that will lead to knowing where their leader is. And with those information the law enforcement will be able to trace them wherever they are. And I hope to see that happen, if this is right.

rathaha10

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Quote from: bitcoinst on July 30, 2020, 06:59:52 AM

It is not yet known whether the most important persons of this Scam have been arrested, but the fact that the scammers are systematically sent to prison makes me happy.

This is indeed a good news, defrauding people of more than $3 billion is a huge scam which should be frown at every sane level and it's really great seeing Chinese authority takes up the mantle to make sure the Mastermides behind the scam are taking behind bars. I hope the scam victim will be compensated no matter how small

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