👮‍♂️Vietnamese authorities cracked a million-dollar cryptocurrency scam and protected hundreds of investors from losses

Vietnamese authorities have cracked a million-dollar cryptocurrency scam, successfully preventing nearly 300 people from falling into financial crisis. The company, called "Million Smiles", defrauded about $1.17 million from about 400 individuals and 100 companies through a fictitious token called QFS.

The project's fraudulent methods included false promises of financial freedom, exaggerated returns, and spiritual claims related to ancestral treasures, inducing victims to invest amounts ranging from $190 to $1,350.

The police took emergency action before the fraud group's propaganda activities and successfully arrested seven key personnel, including the general manager. Upon investigation, the group disguised itself as a legitimate business, set up offices in luxurious locations, and the funds came from the victims' investment. The company's senior executives often hyped the project's wealth myth through Zoom meetings, falsely claiming that the QFS token was backed by treasure assets.

However, investigators found that there was no tangible crypto asset or real support behind the QFS token. Victims included small business owners and individuals from modest economic backgrounds who were lured by the promise of becoming billionaires once the value of the QFS tokens soared.

Further investigation revealed that the company leaders themselves did not have significant financial assets, and the funds they raised from new investors were reinvested in maintaining the illusion of success, including lavish office branding and hosting large-scale promotional events.

Hanoi police reiterated that despite repeated reminders to the public to stay away from unregulated cryptocurrency investments, many people fell victim to lack of financial knowledge and the temptation to get rich. In response, the police called on citizens to carefully verify the authenticity of investment projects, be vigilant against exaggerated propaganda, and promptly report suspicious investment activities to law enforcement agencies.

🗣️ Conclusion:

The swift action of the Vietnamese authorities not only saved nearly 300 potential victims, but also demonstrated the country's determination and ability to protect the rights of investors and combat financial crime.

This incident reminds investors that they must be vigilant and skeptical of any seemingly tempting promise of high returns.

💬Have you come across similar scams? How do you identify and prevent them?

#越南打击诈骗 #加密货币骗局 #投资者保护

👊 Heavy Blow: Cryptocurrency Scam Mastermind Sentenced to 20 Years in Federal Prison, $3.6 Million in Illegal Gains Confiscated!

Good news! Juan Tacuri of Florida, the mastermind behind the cryptocurrency Ponzi scheme Forcount, has finally been sentenced to 20 years in federal prison, and will have to serve one year of supervised release.

What is even more noteworthy is that all the luxury homes and $3.6 million in assets he bought with the money he defrauded were confiscated, and he also had to pay the same amount of compensation to the victims!

This scam has deceived thousands of people around the world, mainly in the Spanish-speaking community in the United States. They first promised that investors' money would double in six months, but what happened? There was no cryptocurrency trading or mining at all. It was a typical Ponzi scheme, using the money of new investors to fill the pits of old investors. Tacuri was one of the most "successful" promoters of this scam. Not only did he make a lot of money, but he also lived a very luxurious life.

But the good times didn't last long. Victims began to complain in 2018. However, Tacuri and his team used various excuses and hidden fees to delay time. What's even more outrageous is that they also issued a worthless token "Mindexcoin" to continue to deceive investors.

By 2021, most victims had lost all their money, and the scam could no longer be played. Finally, in December 2022, the US Department of Justice filed charges against Tacuri and his accomplices. In June of this year, Tacuri pleaded guilty in front of the judge, and what awaits him is today's 240-month prison sentence.

This result also gives the public a satisfactory explanation! This is not only a severe punishment for criminals, but also a protection of our rights and interests.

💬 Finally, what do you think of this cryptocurrency scam? Have you experienced similar fraud cases? Welcome to share your experiences and opinions in the comment area, let us jointly raise our vigilance and prevent fraud!

#加密货币骗局 #法律严惩 #投资者保护

📰 From bank executive to prisoner: Former Kansas CEO embezzled $47 million in cryptocurrency and spent 24 years in prison!

🎖️ Shan Hanes, a former Kansas bank executive, was sentenced to more than 24 years in federal prison for embezzling $47.1 million in a cryptocurrency fraud case and causing the collapse of Heartland Tri-State Bank (HTSB).

🕵️‍♂️ Court records show that between May and July 2023, Hanes illegally transferred $47.1 million from the bank to a cryptocurrency wallet through 11 unauthorized wire transfers. It is alleged that this was an elaborate "pig killing" that specifically lured investors who were unsuspecting of digital asset investments.

👥 The scam not only bankrupted HTSB, but also caused huge losses to the FDIC and investors lost $9 million. Now, a federal judge has ordered a hearing within 90 days to decide how to compensate the victims.

🔍 U.S. Attorney Kate E. Brubacher commented on the case, saying that Hanes not only violated professional ethics and the law, but also undermined people's confidence in Heartland Bank and its investors.

👮 FBI Special Agent in Charge Stephen Sellers also emphasized that Hanes betrayed the trust of the Elkhart community and used his position to embezzle, resulting in a scam that led to the bank's collapse. He should have protected the bank and customers instead of participating in fraud.

🏢 Korey Brinkman of the Federal Housing Finance Agency pointed out that Hanes seriously violated trust, caused huge losses to customers, and ultimately led to the bank's collapse.

👨 Agent Jon Ellwanger added that this sentence sends a clear signal that executives who undermine the stability of community banks will be severely punished by law.

‍⚖️ He is proud of the cooperation with federal law enforcement to achieve this result and thanked the U.S. Attorney's Office for ensuring that Hanes is held accountable for his crimes.

👇 What do you think of this case? What suggestions do you have for strengthening supervision? Share your thoughts and opinions in the comments section!

#银行欺诈 #加密货币骗局 #法律制裁 #金融安全 #投资者保护