Jan 12 2021

Founder of a $147M Crypto Ponzi Scheme Sentenced to 10 Years in Prison

in blog CryptoPotato
original entryFounder of a $147M Crypto Ponzi Scheme Sentenced to 10 Years in Prison

The founder of GemCoin faces ten years in prison for a $147 million fraud, which duped more than 70,000 victims into investing in a gemstone-backed token.

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