A federal judge in the region of San Diego, California has ordered the leader of a crypto fraud scheme to pay as much as $17 million in restitution fees to more than 800 traders and investors that allegedly fell victim to his methods. Fraud Promoter Will Also Spend Time in Prison The scam was known as Bit Connect, and it will likely go down as one of the biggest crypto-based Ponzi schemes in history. Many investors who put their money into the platform were ultimately “paid back” with the funds of new investors to make it seem like they were
Go to Source
Author: NixCoin