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. Prosecutors allege that Goettsche, Weeks, Abel, Balaci and others took clients’ money for themselves. The five defendants are being held in federal custody, pending court hearings, according to the Justice Department. The indictment describes the defendants’ use of the “complex world of cryptocurrency to take advantage of unsuspecting investors,” says U.S. Attorney.”]
Source: https://www.databreachtoday.com/five-charged-in-722-million-cryptomining-ponzi-scheme-a-13490