Chinese Police Bust $47 Million Purported Blockchain Pyramid Scheme


Chinese law enforcement has dismantled an RMB300 million pyramid scheme purporting to be blockchain project in yet another crackdown on faux crypto-based fraud. A gang of over ten suspects involved in the pyramid scheme has been arrested by police in Jinan, the capital city of the Shangdong province in eastern China according to a China

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Posted by Samburaj Das on May 29, 2018 @ https://www.ccn.com/chinese-police-bust-47-million-purported-blockchain-pyramid-scheme/

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