The scheme's founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes.
BKCoin co-founder Kevin Kang is accused of misappropriating client funds to bankroll vacations, purchase tickets to sporting events and pay rent on his New York City apartment.
An independent examiner for the U S bankruptcy court in New York said in a Tuesday filing that crypto lender Celsius Network misled its investors and occasionally used new customer funds to pay for other customers withdrawals the usual definition of a Ponzi scheme The Hash panel discusses the examiner's report and what it reveals [...]
Aparentemente uno de los hombres acusados, un ciudadano español de 64 años llamado Néstor Núñez, era un actor a quien le habían pagado para presentarse como el CEO de Forcount bajo el alias de Salvador Molina.