Kriptacoin Scam Taken Down
On September 21, 2017 police took down a Ponzi scheme based on a fake digital currency named Kriptacoin. The Kriptacoin operation began in January of 2017. The operators of this scam convinced people to join with false promises of income reached 1% per day.
Also, earnings could come from recruiting other members. If a victim got someone else to invest in the digital currency Kriptacoin, that person would get a 10% bonus from the money that the recruited victim spent. Investors had to sign up and pay for their Kriptacoin through a digital platform, using real money.
To attract victims, these scammers promoted a false lifestyle on social media, giving the impression that they lived in luxury because they had invested in Kriptacoin. “They were promoting electronic music festival, posting photos and claiming artists were betting on the company. At first, people were able to get some of the money out, but over time they were making it difficult,” investigators said.
Investigation into this scam found that over $79 million was taken from investments of about 40 thousand victims. The only money that was used to pay old investors was new investor money. The investigations were carried out by the Coordination of Repression to Crimes against the Consumer, Tax Order and Fraud (Corf) in conjunction with the Consumer Protection Justice Prosecutor (Prodecon), of the Federal Public Ministry.
Two of the main targets of the operation are the brothers Welbert Richard Viana Marinho, 37, and Weverton Viana Marinho, 34. They do not have their names published on the company’s website and do not appear as members in the data of the IRS, but present themselves as presidents of the group. Entrepreneur Fernando Ewerton, 30, the heir of a concessionaire in Brasília, where he serves as director, is also among the prisoners.
Brazil’s Civil Police took down the Ponzi scheme in Goiâna and Distrito Federal, 11 suspects were arrested for commercializing the false currency, and two are still at large. 18 search warrants have been issued. – Source cryptocoinsnews.com
The company used third-party accounts, fake names and forged documents in its operations, as well as buying high-value goods such as luxury cars and even a helicopter that will be auctioned to compensate victims.
Names of those arrested:
Marcos Kazú Viana Oliveira
The brothers Weverton and Welbert Marinho
Fernando Ewerton
Wellington Junior
Hildegard Melo
Franklin Delano
Thaynara Carvalho
Urandy Oliveira
Sérgio Vieira de Souza
Alessandro Bento (one of the administrators of the company)
Kriptacoin Scam Conclusion
You want to avoid any cryptocurrencies that are offering regular returns and recruiting bonuses. These are almost always a sign you are dealing with a Ponzi scheme instead of a legitimate cryptocurrency.
What of Mappletrade please? Help us with its status… Scam or real, please
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Thank you for your request. I will add them to my list to look into.
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Hey Ethan, i found a website pluggle.com .ph its another Pyramid online scheme where you can earn 100 pesos (roughly $2) by just logging in everyday and you can earn additional if you refer someone BUT as always the company’s affiliates are required to pay a ₱1000 PHP ($19.80 USD) joining fee. You can definitely check the website boss Ethan, their website has no info about it and when u click the terms of use, u cant even click it. This is another Pyramid scam.I did a little research(Very hard to find) The owner is identified as Alexis Palma, with an address in Quezon City, Philippines. A lot of my friends fall for it, little did they know its a pure online MLM scam. Can you look into this Boss Ethan? or you can put this on your Index of scams. Thanks for your time Boss Ethan 🙂
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Thank you for your request. I will add them to my list to look into.
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good news !!!
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A legitimate cryptocurrency?? Is that like “legitimate binary trading”, (which is neither binary nor trading, BTW)?
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Legitimate cryptocurrencies are typically open source and only gain value through an open trading market. There is no interest on investment or recruiting.
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