10 People Arrested For Crypto Umbilical Hernia In China

It was reported from Chinamoneynetwork media, there are approximately 10 people arrested Chinese police because fraud impersonate crypto. 10 people who were arrested by officers of the police of Jinan, Shangdong province in China were disguising themselves under the guise of a company engaged in venture blockchain.

Acting as as the company moves in the startup blockchain, and is nothing but a sheer pyramid scheme. No joke, the total losses of the guise that managed to rake in up to 300 million yuan (USD 46.8 million). If dirupiahkan, the total losses ranged from 6.5 trillion rupiah more.

Authorities in the area that is generally the suspects managed to persuade investors through several different investment packages. These patterns are indeed often used much as mode-the mode of investment, as well as umbilical hernia that impersonate crypto.

According to police, a group of scammers was never set up an e-commerce platform in the year 2017. E-commerce platform that, member therein is required to pay the cost of membership registration. While the guise of company blockchain, reportedly using the bonus mode up to 5 levels, apply to the regional center of agent per area.

In fact, the police indicated that a large number of the activities that a member is a student. Reportedly, a student who had been fooled into fooled because it uses jargon-development jargon used by the Chinese Government. To further convince would-be victims, the company then displays company profile in the field blockchain and Big Data.

The growth rate of investment of the bodong impersonate crypto can indeed arguably quite high. No other crypto because the world has indeed been known so far. Unfortunately, most investors who fooled the bodong offer indeed less profound observations related entities conduct itself.

A few weeks earlier, Chinese Prosecutors also announced there were 98 people who have been prosecuted and judged because of the fraud scheme involved with Onecoin. According to the authorities, the scammer is involved with the Onecoin has managed to rake in up to 1.7 billion Yuan. Its value is approximately 3.7 trillion dollars more. The approximate total area range even more or less 15 billion Yuan, or equivalent to 33.3 trillion rupiah.