The Tokyo police charged eight individuals for operating a pyramid scheme involving 7.8 billion yen worth cryptocurrency from 6,000 people. The accused were charged for violating the Financial Instruments and Exchange Law by operating a business without registration. The police believed that the suspects used cryptocurrencies so as to avoid prosecution.
Crypto Pyramid Scheme: Eight arrests in TokyoIncryptsNov 14, 20180
Feb 18, 2020