On July 16th, 20 individuals were arrested by Spanish police. The arrests took place primarily in Madrid, as well as other areas throughout the country. These individuals were arrested due to their affiliation with Unetenet, a Spanish cryptocurrency pyramid scheme.
Unetenet, launched in 2013, is a pyramid scheme that operated through the sale of Unete, a digital currency similar to Bitcoin. Investors exchanged Euros for the scheme’s cryptocurrency, which investors were promised would maintain a value of $1 per coin.
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http://themerkle.com/news/unetenet-busted-20-arrested-in-pyramid-scheme/
