Carding
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Police in the South Korean city of Changwon have arrested 22 people on charges of cryptocurrency investment fraud. Local media reported this.
According to the case materials, the CEO and his accomplices created a complex asset management company. They guaranteed clients a profit of 300%, promising access to major exchanges and internal listing of coins. In reality, the company operated under a Ponzi scheme.
In total, 6,610 people became victims of the pyramid, the damage amounted to 110 billion Korean won ($82.5 million at the time of writing).
During the investigation of the case, the court prohibited the organizers of the fraudulent scheme from disposing of property, including deposits and vehicles.
According to the case materials, the CEO and his accomplices created a complex asset management company. They guaranteed clients a profit of 300%, promising access to major exchanges and internal listing of coins. In reality, the company operated under a Ponzi scheme.
In total, 6,610 people became victims of the pyramid, the damage amounted to 110 billion Korean won ($82.5 million at the time of writing).
During the investigation of the case, the court prohibited the organizers of the fraudulent scheme from disposing of property, including deposits and vehicles.
