Quote from: brylle34 on April 10, 2018, 05:12:48 AM

Filipino couple amasses at least P900M in alleged Bitcoin scam

MANILA, Philippines Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.

Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives, the police division in charge of high-stakes and high-profile crimes.

According to Dela Rosa, the couple has scammed more than 50 unknowing investors, amassing wealth worth P900 million* in "raw capital." This means the amount of money promised to be returned is not yet included in the computation. Rappler.com

click the link for more info https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam
if there are people who scam with bitcoin, The 1st impression of investors here in the philppines will look at bitcoin as scam. -_-

With the popularity of Bitcoin, people with bad intentions will take advantage of it just like what happened here in the Philippines. Filipinos tend to be swayed easily if they are promised for easy money. It is also a factor that those whoe were victimized were not familiar how Bitcoin works.

The only good side of this is that people will be more vigilant in investing in Bitcoin and they'd do more research about it.

DREWSKIE

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