Author Topic: Feds raid cryptocurrency startup accused of scamming $32M from investors  (Read 1037 times)

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The Securities and Exchange Commission announced Thursday that it sued a Southern California company over an alleged Ponzi scheme resulting in a loss to investors of at least $32 million. If the government’s accusations are correct, that would make Gemcoin one of the largest digital currency-based financial schemes ever.
http://arstechnica.com/tech-policy/2015/10/feds-raid-cryptocurrency-startup-accused-of-scamming-32m-from-investors/