Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day

Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
фото показано с : news.bitcoin.com

2021-5-15 12:30

A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”

Scam Allegedly Ran From 2016 to 2020

According to the Epoch Times, the six plaintiffs – residents of China, Canada, California, Washington State, and Georgia – accused the individual, named in the documents just as “Sun,” of running a stock trading academy where he sold courses and provided investment tips.

The lawsuit was filed in the Federal Court for the Eastern District of New York, where the victims demanded Sun to return their initial investments, which they didn’t disclose publicly, plus the profits promised by him.

Sun claimed to operate a blockchain and digital asset-related investment group that ran from 2016 to March 2020.

The alleged fraudster falsified bitcoin (BTC) trading statements and distributed them through the Wechat group to add some sort of credibility to his expertise in the crypto sphere.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Alleged Fraudster Always Had Excuses Such as Tax Issues to Avoid Paying His Investors

He claimed to have been an active bitcoin trader who placed orders every single day of the week, said the court documents cited by the Epoch Times.

From June to July 2020, Sun flooded the chat with claims that he has been “easily making money” with cryptocurrencies, while his victims praised the fake trades simultaneously, even calling him “god.” One excerpt of the indictment reads:

On August 1, 2020, the day before the start of raising bitcoin and investment capital, Sun released two screenshots, showing that the trading gains of his closed positions were 558.9% and 763.75%, respectively. He explained that this operation ‘received 15 bitcoins.’ After a while, he posted another screenshot showing that the transaction income of the other contract was 330.06%. The money was enough for him to go to the shipyard to see the yacht and buy a boat. He said: ‘Withdraw the money and go to see the yacht tomorrow.’

However, by the end of 2020, things started to get shady for the investors who trusted Sun. When they asked him for their investments back, the alleged scammer always had excuses to not send them the money, such as “tax issues, problems with anti-money laundering measures, identity verification, among others.”

As of now, there has been no proof of Sun returning funds to any of his victims.

What are your thoughts on this alleged crypto-related fraud case? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Chronologic (DAY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 43.71 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.2202 (-100%)

200 day chinese group against lawsuit investors

200 day → Результатов: 126


Фото:

Crypto Price Analysis April 20: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

The Bitcoin price has been decreasing since April 19, when it reached a high of $7,293. The next day, a sharp drop followed in which BTC lost almost $200 in only two hours. Ahead of the third halving, which is projected to occur on May 12, institutional investors have been showing increased interest in cryptocurrencies, […] The post Crypto Price Analysis April 20: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-4-21 01:15


Bitcoin (BTC) Plunges to $8,300; Here’s What Analysts Are Thinking

Bitcoin really hasn’t done well over the past day. After printing a false breakout candle on Saturday that brought the price of the asset to $9,200, there was a rapid and violent reversal. What followed was a dramatic and steep downtrend that has taken the price of BTC as low as $8,300 just last hour (as of the time of this article’s writing), marking a 10% drop from the highs.

2020-3-8 19:21


Фото:

Bitcoin Could See an Intense Reversal if It Breaks Below this Critical Level

Bitcoin has been caught within the throes of intense turbulence over the past day, with the cryptocurrency incurring a violent selloff yesterday that sent it reeling from $10,200 to lows of $9,200. In the time since this capitulatory drop, Bitcoin has been able to climb higher, and its early-morning volatility seems to suggest that bulls and bears are currently engaged in an intense battle for control over the cryptocurrency.

2020-2-20 20:24


Фото:

Binance-WazirX Acquisition a ‘Historic Day’ for Crypto in India

Binance announced Thursday that it is acquiring WazirX, an Indian cryptocurrency exchange with an estimated user-base of around 200,000. This qualifies as a landmark development for India’s still-nascent homegrown cryptocurrency market — especially considering that traders will now have the option to buy and sell cryptocurrencies using the Indian Rupee (INR) through the Binance Fiat […] The post Binance-WazirX Acquisition a ‘Historic Day’ for Crypto in India appeared first on BeInCrypto.

2019-11-21 11:57


Bitcoin Price Fulfills Two Extreme Predictions in a Single Day; $16,000 to $4,200 And Back

This year’s Halloween has been a crazy one for Bitcoin. While the Birthday Boy celebrated the 11th year of its existence, it had a pretty wild whirlwind romance with the price as well. As Bitcoin Exchange Guide reported, infamous 4chan who called out Bitcoin’s drop to $3,200 at the bottom in January and further correctly […]

2019-11-1 16:30