NOTICE: This App May Shutdown Permanently in next 2Weeks (12th, Sept 2018) Due To Lack Of Funding To Continuously Run It As A Free App Helping Newbies Since 2017. I regret this but not ready to yield to greedy investors offer to join pump&dump projects destroying Crypoworld. Thus, if you are willing to help keep this alive to continue to serve newbies in crypto daily for free, kindly donate or want to invest and acquire stakes without greedy terms. Kindly use the contact page! Thanks!
WELCOME! DO YOU WANT TO EARN CRYPTO DAILY? - This App Reward Users Daily In Crypto - Click To See How Now!
According to a report by Korean publication Yonhap, authorities at the Incheon District Prosecutors’ Office have indicted 21 individuals suspected of being associated with Mining Max LLC, a US-based firm, on charges of fraud and allegedly soliciting 270 billion won (approx. $250 million) from investors across the world for an Ethereum mining operation promising large returns. Three others have been indicted without detention for embezzlement and other charges.
Mining Max presents itself as the developer of “premium cryptocurrency mining” machines headquartered in California. “All of the mining rigs are assembled and maintained in our Internet Data Centers (IDC) in Korea,” the company claims on its website.
The allegedly sweeping scam also entails seven other Korean and foreign nationals, now on Interpol’s wanted list, of being associated with Mining Max and blotching results that purported to mine more Ethereum than the operation actually did. The scam unraveled when the company was not longer able to make sufficient returns from its ‘mining’ operation, presumably in its dividends to new investors.
Altogether, prosecutors allege that the suspects pocketed a significant portion of the $250 million, amassed from roughly 18,000 investors in 54 countries between September last year and October this year.
- WANT TO EARN CRYPTO DAILY? - This App Reward Users Daily - Click To See How Now!