Post
Topic
Board Altcoin Discussion
Re: Bitconnect Ponzi Investigation - Officially linking known ponzi scheme promoters
by
Yamagemazaki
on 21/10/2017, 19:49:49 UTC
There are a few things that can hasten the collapse of this ponzi.  in no particular order of likelihood:

1) Multiple people keep reporting this to the SEC and City of London, among other regulators.

https://www.sec.gov/
https://www.cityoflondon.gov.uk/

2) Coinmarketcap & Coincheckup delist them.  Although there is debate on whether they should remain neutral, or if they have some obligation to act when a known ponzi scheme gets into the top echelon of the marketcap.

https://coincheckup.com/
https://coinmarketcap.com/

3) The exposure of this ponzi is spread enough for the new investors to dwindle, eventually limiting payout to current investors and having the whole thing collapse.


I think it's going to take a concentrated effort by multiple people to bring this scam crashing down.  I don't see any other way forward.