Sky Mining CEO Disappears With $35 Million

[Slow death]

how could this be done without anyone seeing it?

I think the whole team is in on this. $35 million dollars is by no means a small amount. It can set the whole team for life. From what I think To keep the heat low they didn't disappear all at once. They are playing the victim card to cool things down and once the things are calm enough they too will disappear in thin air. Mark my words! I have seen this happening my times before. Especially in Local Ponzies.

this is a strategy used by scammers when they want to avoid being arrested and at the same time want to stop the police from doing a good job of investigating, if some scammers remain in the place can easily change the evidence and induce police to fall into error. This is because the scammers will be directing the police with false leads.

Everyone says Genesis Mining is legit, and not scam,
but who knows how long that will last also....

I have seen that even older members here consider Genesis Mining to be legit. It's only based on vague videos on YouTube and that they are still paying people. Both are in no shape or form evidence that they are running a semi fair business. The only way for them to prove that they are actually as big as they are, is to have them publicly share their mining addresses, but they have been refusing to do so for years. It's not that you can remain undetected with how open everything is, but there is no clear sign of Genesis Mining and we probably never see them open up to comfort people. We'll see how long they continue to pay people....

I´ve visited their iceland facility in march. Im pretty sure they own all the hashrate they sell. Why should they sell stop selling mining contracts when its a ppnzi? that doesnt makes sense

they also hired a former blackrock guy
https://blog.genesis-mining.com/shah-hafizi-chief-compliance

genesis is really the only 100% legit cloud mining company, even they are quite expensive

How did you get to see their mining equipment?

[Mahanton]

Sky Mining CEO Disappears With $35 Million, Claims Medical Issues

-snip-

I've never heard of good cloud mining services and Sky mining seems join in there. I do not understand why people fall for it again and again. Only the provider earns in cloud mining. Even if the ceo did not disappears with the money, cloud mining is usually not profitable for the end user. 

You are right, even if we do just stick or based on cloud mining investments it do already signifies that this thing wont really be profitable but still people do decide to invest into this thing, I do said to my self like,WTF again and again?
Now the CEO disappears ran all of investors funds and now they are crying? I'm not really being too harsh but I do say that was just right for them to learn that Cloud mining is already a SCAM plus the tendency of ICO Scam too then it would be a double dead for you. 

[milewilda]

Everyone says Genesis Mining is legit, and not scam,
but who knows how long that will last also....

I have seen that even older members here consider Genesis Mining to be legit. It's only based on vague videos on YouTube and that they are still paying people. Both are in no shape or form evidence that they are running a semi fair business. The only way for them to prove that they are actually as big as they are, is to have them publicly share their mining addresses, but they have been refusing to do so for years. It's not that you can remain undetected with how open everything is, but there is no clear sign of Genesis Mining and we probably never see them open up to comfort people. We'll see how long they continue to pay people....

I´ve visited their iceland facility in march. Im pretty sure they own all the hashrate they sell. Why should they sell stop selling mining contracts when its a ppnzi? that doesnt makes sense

they also hired a former blackrock guy
https://blog.genesis-mining.com/shah-hafizi-chief-compliance

genesis is really the only 100% legit cloud mining company, even they are quite expensive

How did you get to see their mining equipment?

Maybe his a VIP.lol which he do able to see their mining equipment and telling up things that they are legit. They are really operating and they wont really stop on this venture because inspite on rising of difficulty then can still able to sip out some good profits and regarding into their contract yes they do really have that agreement about purchasing hash power which you can option out to ship your asic/gpu into you but even after all these years i didnt able to see for those people who do get their miners to these companies.

[Kemarit]

I see some petitions from (https://www.change.org/p/deporting-prohibited-entry-scammer-le-minh-tam-vietnamese-cheater). They are demanding that Le Minh Tam, be deported from the US where he is said to have fled after the scam blow off. Gonna be interesting if he is actually hiding in the US, because sooner or later he will be caught and put to justice.

[C0ld_Zero]

This is big scam in Vietnam. Sky Mining plans to invest $ 100 to $ 50,000 to raise capital to buy virtual machines and send Sky Mining a $ 300-per-million-per- Investors only need to pay money to the account of Sky Mining, the interest and monthly principal will automatically transfer to investors.
After a year of operation, Sky Mining has mobilized tens of thousands of participants with the amount of about $ 30 million.
In Vietnam, I do not understand why so many people can easily be fooled. They invest hundreds of thousands of dollars in this fraudulent system, hoping to make a profit. They have so much money to invest that they are not stupid. But because they are too greedy, hoping to make money easily should have trapped fraud.
This is also a wake-up call for those in a daze, wanting to make quick and easy money through this multi-level system

[carlfebz2]

I see some petitions from (https://www.change.org/p/deporting-prohibited-entry-scammer-le-minh-tam-vietnamese-cheater). They are demanding that Le Minh Tam, be deported from the US where he is said to have fled after the scam blow off. Gonna be interesting if he is actually hiding in the US, because sooner or later he will be caught and put to justice.

No one can hide forever and sooner or later that Le Minh Tam would be deported and will surely face those problems he made with investors money.

In Vietnam, I do not understand why so many people can easily be fooled. They invest hundreds of thousands of dollars in this fraudulent system, hoping to make a profit. They have so much money to invest that they are not stupid. But because they are too greedy, hoping to make money easily should have trapped fraud.

Nothing new and people who do lack knowledge on how things works in crypto and together with human greed and do believe on easy money then these are definitely the reason why people do still remained to be a fool to obvious scam things.