http://www.coindesk.com/police-arrest-20-in-digital-currency-pyramid-scheme/

Spanish police have arrested 20 individuals in connection with a pyramid scheme that used a fake digital currency called the unete to attract unwitting investors.

The Spanish National Police Corp announced the arrests on 16th July, which took place in Madrid and other parts of the country.

Police estimate that the scheme resulted in as much as €50m in losses, ensnaring roughly 50,000 victims worldwide – with 6,000 in Spain alone.

Spanish police seized over €5m and approximately $22m from related bank accounts. Two luxury cars and 18 computers were also taken into custody. According to police, the investigation into the scheme was sparked a year and a half ago after a former employee approached law enforcement officials.


...there have been so many pyramid schemes on this forum that it's refreshing to see some sort of legal and judicial action taken against someone who was producing a pyramid scheme. I realize this article IS NOT about anything that happened on this forum -  which is a great thing - but it's easy for a newbie hear to buy some bitcoin and then get taken for a ride on one of the pyramid schemes advertised and end up with nothing.