FBI arrested four men; a fifth, unnamed individual remains at large. Defendants allegedly helped run a operation called BitCoin Network that mined cryptocurrencies. Investors would buy shares in the company in hopes of profiting from the firm’s cryptomining pools, prosecutors say. The FBI arrested Silviu Catalin Balaci, who is charged with conspiracy to commit wire fraud; authorities did not release his age or residence. The indictment alleges that Goettsche, Weeks and Abel created videos to promote their firm as “the most transparent company in the history of the history””]
Source: https://www.cuinfosecurity.com/five-charged-in-722-million-cryptomining-ponzi-scheme-a-13490