Cryptocurrency news

Leader of the Million Dollar Ponzi Scheme Arrested in the USA

Leader of the Million Dollar Ponzi Scheme Arrested in the USA.

In a written statement from the US Department of Justice, it was announced that the leader of the ponzi shama ” Coin Signals “, Jeremy Spence, was being held in Rhode Island.

Introducing himself as a cryptocurrency trader, Jeremy Spence managed to gain the trust of his customers by announcing huge gains with fake transactions, thereby reaching a wide range of users. The leader of the ponzi scheme, which caused a total loss of around $ 5 million to 170 customers, recently caught the eye.

This is how Jeremy Spence managed to deceive people , distributing the revenue from new users as profits to former users, as is the nature of almost all Ponzi schemes . Even when Jeremy Spence announced a massive 148% gain in January 2018, it was actually sitting on top of a huge loss.Manhattan US Attorney Audrey Strauss said investors should be wary of offers that seem too good to be true.

Jeremy Spence was sued by the crypto-focused law firm Silver Miller for “running a fake cryptocurrency hedge fund ” in December 2018 .

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

One Comment

  1. this is serious. let learn to manage our wealth ourselves. no one can better manage our properties and assets than ourselves

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