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?
Pretty scary how they managed to raise 310 million... people is pretty naive, specially when they believe "this cryptocurrency is better than Bitcoin".