Topic: PlusToken Ponzi Goes To Jail - page 3. (Read 599 times)
Serves them right. I think if these scammers will always get caught,it will really be nice,but come to think of it,why would people patronise these stuff,I think greed,they want to make fast money,I'm sure they have been warned severally yet they won't want to learn,everyone into these Ponzi stuff should advice themselves.
$3B is a huge amount. Authorities just can't let this slide anymore. Jail time is good than just dumping thier bodies to a secluded Mexican desert.
This is really a good example so that scammers will really see that there are consequences to their actions. Authorities shouldn't pursuit those involve in Plus token, maybe they can also try the scam ICO and IEO teams.
Wonder why there are so many ponzi and MLM scams in China and Asian in general? I saw too many ponzi and MLM scams in that region and still don't get it why people still fall for those scams. Worst, scammers able to amass $3 billion before finally arrested by police. Was it because people were too naive or police are too incompleted?
$3B is a huge amount. Authorities just can't let this slide anymore. Jail time is good than just dumping thier bodies to a secluded Mexican desert.
This is really a good example so that scammers will really see that there are consequences to their actions. Authorities shouldn't pursuit those involve in Plus token, maybe they can also try the scam ICO and IEO teams.
Good to hear that a lot of suspects involved in this Ponzi scheme were already caught. I think it will not take a long time before those other main suspects to get arrested as well. Imagine a single Ponzi scheme can defraud almost $3Billion, what more for other schemes still out there.
I have already seen a lot of similar news about scammers, so I think aside from arresting those suspects, the authorities should strengthen their awareness to the public about this kind of scheme to avoid more people getting victimized by these people.
I have already seen a lot of similar news about scammers, so I think aside from arresting those suspects, the authorities should strengthen their awareness to the public about this kind of scheme to avoid more people getting victimized by these people.
This is exactly what should be done to these fraudsters who parade themselves as project developers and blockchain experts, float an IEO or tokensale with the sole purpose of defrauding investors. Most of these projects in the industry have absolutely nothing to offer but hype. Their intentions aren't pure and they aren't looking to solve any challenge but just looking to grab as much money as possible before disappearing into thin air. Hopefully, with this China crackdown, most of these fraudulent projects cease to exist.
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?
This is exactly what should be done to these fraudsters who parade themselves as project developers and blockchain experts, float an IEO or tokensale with the sole purpose of defrauding investors. Most of these projects in the industry have absolutely nothing to offer but hype. Their intentions aren't pure and they aren't looking to solve any challenge but just looking to grab as much money as possible before disappearing into thin air. Hopefully, with this China crackdown, most of these fraudulent projects cease to exist.
I just saw the news about the devs of this project going to jail.. and I honestly think this Is the best news I've seen in the crypto space for a very long time.. we need better regulations to secure investors
it is really a good new especially to those people who were scammed by this ponzi scheme.. hoping that these people serve what they got and will suffer as well same as those who have been scammed..i am hoping that no more people will be fooled like this one
I have never really thought China could fraud more than this amount of investors.
But what the essence of performing fraudulent acts, through some ponzi scheme, ponzi is not really a bad idea if planned accordingly and well structured, but some set of dudes finds this more interesting in scamming investors.
But what the essence of performing fraudulent acts, through some ponzi scheme, ponzi is not really a bad idea if planned accordingly and well structured, but some set of dudes finds this more interesting in scamming investors.
I wish this will teach those scammers building more Ponzi schemes a lesson while enlightening people that Ponzi is only used as a means to defraud because whatever they promised isn't true and will only benefit just few people with the greater part going to the team. Take a look at the amount they scammed, it is in fact too much and yet people will still give heed to Ponzi whenever they see them, thinking it is a quick way to make money while in fact it is a quick way to scam. I really commend the law enforcement for doing such a great work and arresting them.
I only regret that it took so long and they managed to dump so many coins on the market.
The results would be much better if those people were arrested earlier and the coins seized and put on auction. We can't have all we want so I'm still happy with the outcome.
The results would be much better if those people were arrested earlier and the coins seized and put on auction. We can't have all we want so I'm still happy with the outcome.
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This is the best news that we could wish for. 
I have read something about it and there is a high chance that they lose their private keys. There could be around 100 000 forever lost Bitcoins, which means again we have fewer Bitcoins in the circulating supply - higher price is possible in the future .
I have read something about it and there is a high chance that they lose their private keys. There could be around 100 000 forever lost Bitcoins, which means again we have fewer Bitcoins in the circulating supply - higher price is possible in the future . 
Well after this big scam, people will still never learned and new scam might emerge again.
Expect that, people never learned with this kind of stupidity always aiming for quick profits.
Greedy people always makes these thieves rich because they keep on ignoring the risk and warnings from the authorities.
Definitely, scammers will always have a safe haven from those greedy people who keeps investing and risking their money
in hope to get more in an easy to rich scheme.
It seems that amount involved just keep growing from time to time.
As investors who didn't find time to research is growing more and more, investing to this ponzi business and losses their
money in the hands of scammers.
Well after this big scam, people will still never learned and new scam might emerge again. Greedy people always makes these thieves rich because they keep on ignoring the risk and warnings from the authorities. It seems that amount involved just keep growing from time to time.
I see the insider trading behind the Bitcoin´s growth, someone knew about the information before the growth and took the opportunity. But, do not worry, Plustoken team owned a lot of BTCs and ETHs that constantly dumping. Now a lot of these coins are lost forever! No selling pressure. Time for new bull market? 
I've noticed an increase in ponzi, lately. It's as if swindlers are now multiplying in third world countries and deceiving the masses promising excess returns and since they're new to cryptocurrency they get carried away thinking that its a get rich quick scheme and they've been shown the light not knowing that their demise is near.
My displeasure also goes for the authorities who are condoning these crazy schemes in their countries. I hope they learn from China and bring these criminals to justice.
My displeasure also goes for the authorities who are condoning these crazy schemes in their countries. I hope they learn from China and bring these criminals to justice.
Yes, although the cryptocurrency isn't like assets or fiats so the works to seize and return those assets will take a long time before coming back to the hand of victims. Still, people should know better than invest in ponzi scheme no matter how good it sounds.
It is a very very very scary and dangerous thing to do something like this in China. Can you imagine what they are doing to these guys in China? They have scammed over 3 billion dollars worth of money from people.
This is the same nation that rapes, harvest organs, beats and kills people for being Muslim and that's it, can you think of how much they could do to a person who stole from their own kind and got bigger without approval of the CCP? They could literally kill all the people who knew them, like all their family, all their relatives, all their friends if they have to, just to prove a point that nobody should even try to attempt that. They can do it, nobody will stop them, they could kill 10 million people tomorrow and nothing would happen, so 27 scammers would definitely not be a problem for them as well.
This is the same nation that rapes, harvest organs, beats and kills people for being Muslim and that's it, can you think of how much they could do to a person who stole from their own kind and got bigger without approval of the CCP? They could literally kill all the people who knew them, like all their family, all their relatives, all their friends if they have to, just to prove a point that nobody should even try to attempt that. They can do it, nobody will stop them, they could kill 10 million people tomorrow and nothing would happen, so 27 scammers would definitely not be a problem for them as well.
This seem to be a good news,I hope it does make more Ponzi developers to take a break or put an end to it, I think it has caused so much harm than good, but sometimes I honestly don't even think of the administrators of those Ponzi but people who patronises them,if every one stays off it, I think it come to an end,but no, everyone wants quick money.
This is good news only if among the arrested there are the largest fish of this scam, otherwise all captured were pawns that were led by the larger scammers.
The danger is that the main accomplices can easily create a second such pyramid, while pawns cannot.
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