Mastermind of the Zimbabwischen Bitcoin pyramid system disappears with $ 6 million-regulation Bitcoin News
Mastermind of the Zimbabwischen Bitcoin pyramid system disappears with $ 6 million-regulation Bitcoin News
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is a person named Martin Mhlanga, the mastermind behind the Bitcoin pyramid system from Cryptoshares, has disappeared together with over $ 6 million of investor funds. In addition to Mhlanga's disappearance, the people have also disappeared from which they are assumed to manage the social media channels of cryptoshares.
unrealistic cryptoshare promise
As a local report explains, Mhlanga had successfully used a number of unrealistic promises to lure many unsuspecting people to invest. For example, the report explains that many of the victims were lured to investments by claiming that the first cryptoshares investors received a monthly member payment of $ 2,000. Investors were also promised a payout of the first amount of the first investment.
In the assumption that they would also receive the same monthly payment, some of the victims of Mhlanga sold their property, only to raise the necessary money. Others are said to have borrowed the necessary initial investment of banks.
When September 1st-the day on which investors were supposed to receive their payout-rolled around, many cryptoshares investors dawned that they had been cheated. In fact, a Twitter user, Tendai Tomu, pointed out that the first signs of a collapse of the company were seen towards the end of August when Cryptoshares had problems paying investors.
During the report that some Cryptoshares investors have reported this fraud to the law enforcement authorities, many in Zimbabwes crypto room insist that such a step will not bring much. They indicate other Bitcoin pyramid systems such as Bitcoin Interchange, which in a similar way collapse many investors.
stolen funds cannot be restored
In the meantime, some users such as Tendai Tomu on Twitter firmly convince that victims of this latest crypto pyramid system will never get their money back. Tomu called :
sad indeed! I don't think the funds are repaid because he remembers that he paid early investors with deposits from new ones, so that the equation is never balanced. The best thing that people can do is to learn from it.
other as lawyer Prosper Mwedzi have recommended to the fraud of the fraud. However, others insist that such frauds return if they are no longer done to clarify people about the basics of investing.
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