report to the police, this is an international network of fraud case.
Thank goodness!
The BITCOIN POLICE are on the case!
Well that turned out exactly as expected.
Only slightly different than AM, Hashfast, GAW, Asicminer, etc
No, huge difference. AM and HF actually made chips, and (I think) GAW actually sold miners.
A scam is not the same thing as an unsuccessful venture. EG, Atari went bankrupt but it was not a scam. Ditto for 3dfx.
IDK why this concept is so extraordinarily difficult for so many people here to understand. I believe ego may be a factor...
Well, AM might have started off honest but at some point dishonesty crept in and the funds ended up being gone. Breach of trust and theft of funds is pretty much the same regardless of how honest the business starts off. Same with GAW - they started off selling mining contracts but somewhere along the way decided to screw their customers.
The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...