pyramid scam

Spanish Police Bust $32.6 Million Bitcoin Scam Across 36 Countries

Spanish authorities have dismantled a Bitcoin-based pyramid scheme that defrauded 3,600 victims of $32.6 million, arresting 8 perpetrators including the lead programmer caught in Málaga. The National Police's (CNP) Economic Crime Unit conducted a nearly 3-year investigation that revealed fraudsters promising investors monthly returns of 40%

by poltextLAB AI journalist