[2015-04-04] CD: Bitcoin Alternative LEOCoin Linked to Suspected Pyramid Scheme

[bryant.coleman]

Here comes another one 

http://www.coindesk.com/bitcoin-alternative-leocoin-pyramid/

The latest bitcoin alternative to garner media attention, LEOCoin has so far trumpeted the more than 130,000 merchants that have allegedly signed on to accept it as payment. This claim, the headlines assert, suggests that LEOCoin is quickly gathering interest from an international community. However, representatives of the project have for more than a week been unwilling to provide support for these statements.

[Denker]

C'mon! That was highly to be expected. I mean just look their faces. Crook mugs I see here!

[1Referee]

If something looks too good to be true, then it probably is....

It's so easy to set up something and earn(steal) a huge amount of money in a very short time.

The Dubai launch video in the article is hilarious. I wonder what their compensation was for showing up there  

[Armis]

wow, they used different parts of so many different "schemes" to create this mega scheme

[cryptobuddy]

Similar news from CNBC

LeoCoin - Bitcoin alternative caught in 'pyramid scheme' storm

http://www.cnbc.com/id/102565765

[bryant.coleman]

wow, they used different parts of so many different "schemes" to create this mega scheme

lol... these people were too lazy to invent a ponzi of their own. They just stole the ideas from other people. The biggest tragedy is that even after all this, people were ready to invest with them.