Arrests under $46.8 million Pyramid Scheme

Crypto Blockchain Technology Market News

Police in Jinan accused a gang of ten individuals involving in $46.8 million pyramid scheme masked as a blockchain project. The accused promised the members that they would receive an appropriate amount of shares and dividends upon their membership fees lodged on the blockchain integrated peer-to-peer platform. Earlier, the Shenzhen police have charged six individuals involved in a crypto scam.

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