Investigators Bust €6 Million Bitcoin and Gold Fraud Scheme

Cointelegraph

Published Jan 31, 2020 11:11AM ET

Updated Jan 31, 2020 01:02PM ET

Investigators Bust €6 Million Bitcoin and Gold Fraud Scheme

French, Belgian and Israeli investigators have brought down a scheme that defrauded €6 million ($6.64 million) from French and Belgian citizens, a Jan 29. press release from Europol reads.

The fraudsters promised significant returns for the victims’ investment in what appears to have been a Ponzi scheme.

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