On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion.*Previously: "Just off the coast of Espírito Santo, an island in the Vanuatu archipelago of the South Western Pacific, there is a massive underwater dump"
As of this report, the ringleader of the operation is still at large and funds are still on the move.
While the scam would be active for nearly a year before the arrest of its primary architects on the Pacific island of Vanuatu, the apparent homebase of the operation
It’s with these brazen market tactics that PlusToken defrauded an estimated 3 million people
Monday, August 26, 2019
"How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply"