Post
Topic
Board Bitcoin Discussion
Topic OP
"Better than bitcoin" altcoin sellers arrested for stealing $340 million
by
b!z
on 13/04/2015, 19:26:12 UTC
Quote
In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme selling a cryptocurrency called “Utoken”, and stealing over 10 billion baht (roughly US$310 million).

http://www.coinbuzz.com/2015/04/13/arrests-in-ufun-crypto-currency-pyramid-scheme/

Definitely one of the biggest bitcoin-related scams in recent times. I myself have not heard of Utoken before, and they stole 1/3 billion USD.

Makes me wonder how many other scams/ponzis are still running out there and how much money they have. Your thoughts?