[2016-09-18]Bitcoin Not Involved In Major US$40m Fraud Scheme

[BTCBinary]

Bitcoin Not Involved In Major US$40m Fraud Scheme

Fraud is an international business, albeit some countries seem more prone to criminal activity than others. Six Nigerians have been arrested and sentenced for their role in a US$40m fraud scheme. Although Bitcoin was not involved – from what we can tell – they used any other means at their disposal to defraud users all over the world...

http://www.newsbtc.com/2016/09/18/bitcoin-not-involved-major-us40m-fraud-scheme/

[snipie]

this article is kinda attacking the traditional finance and defending bitcoin
like this sentence: " For once, Bitcoin was not involved in this fraud scheme."
and this one

All of this goes to show the majority of fraud cases are made possible thanks to existing financial services... Traditional finance continues to make illegal activity and fraud possible, whereas Bitcoin has no role to play in the process.