These are the new forms of hyip, ponzi, MLM or pyramid scheme whatever you call it.
Bitconnect being one of the most creative one, with the rise of anonymous payments, it will get more complicated and difficulty to investigate and bring forward the culprits.
Topic: Suspicion of fraud using crypto currency (Read 131 times)
US regulator suspects American businessmen of fraud using crypto currency
The US Commodity Futures Trading Commission suspects three US companies of involvement in fraudulent schemes related to crypto-currencies. Companies are credited with fraud and misappropriation of Bitcoin and Litecoin.
The commission filed on Thursday in the District Court of New York a request for coercive measures against three separate crypto-currency companies from allegedly deceived customers and violation of trade rules. The agency reported two frauds on its website on Friday.
The first case concerns a resident of Colorado Dillon Michael Dean and his UK-based company The Entrepreneurs Headquarters Limited. From April 2017 to the present, they have requested about 1,1 million dollars in the equivalent of Bitcoin from more than 600 members of the public, promising to convert them into currency and invest in binary options. Dean claims to have "skills" in option trading, and a large profit was promised to customers.
More
The US Commodity Futures Trading Commission suspects three US companies of involvement in fraudulent schemes related to crypto-currencies. Companies are credited with fraud and misappropriation of Bitcoin and Litecoin.
The commission filed on Thursday in the District Court of New York a request for coercive measures against three separate crypto-currency companies from allegedly deceived customers and violation of trade rules. The agency reported two frauds on its website on Friday.
The first case concerns a resident of Colorado Dillon Michael Dean and his UK-based company The Entrepreneurs Headquarters Limited. From April 2017 to the present, they have requested about 1,1 million dollars in the equivalent of Bitcoin from more than 600 members of the public, promising to convert them into currency and invest in binary options. Dean claims to have "skills" in option trading, and a large profit was promised to customers.
More
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