PlusToken Ponzi Goes To Jail

[holly.ball8]

$3B is a huge amount. Authorities just can't let this slide anymore. Jail time is good than just dumping thier bodies to a secluded Mexican desert.

This is really a good example so that scammers will really see that there are consequences to their actions. Authorities shouldn't pursuit those involve in Plus token, maybe they can also try the scam ICO and IEO teams.

If they try to keep the amount of money got from that ponzi scam in low profile, the Chinese authorities and polices will not investigate this? So $3B is really a lot and they can't turn blind anymore? Feel really bad for all the victim of this scam.

[Jannyh]

Serves them right. I think if these scammers will always get caught,it will really be nice,but come to think of it,why would people patronise these stuff,I think greed,they want to make fast money,I'm sure they have been warned severally yet they won't want to learn,everyone into these Ponzi stuff should advice themselves.

[JCviggen]

Serves them right. I think if these scammers will always get caught,it will really be nice,but come to think of it,why would people patronise these stuff,I think greed,they want to make fast money,I'm sure they have been warned severally yet they won't want to learn,everyone into these Ponzi stuff should advice themselves.

people will always continue to invest in such projects and this will not change. it is possible to simply stop the creation of such projects. if scammers will be afraid of jail, they will not scam people and steal their money

[dataispower]

If truly all the plustoken criminals have been convicted, it's goodnews and should serve as a warning to those scammers always plotting to rip gullible investors off their hard earned funds. People are just Carlos, always finding new ways to scam, that's unfair. I hope people affected get refunded a certain percentage, but obviously this isn't forthcoming.

[ScamViruS]

It is a good thing that the scammers are being caught by the Chinese police. The main scammer was not caught here, maybe he will be caught very soon. Because criminals can't hide themselves for long. Will be caught today or tomorrow. All those involved in such a huge scam should be arrested.

Plustoken ponzi scam is very popular among crypto scams. Since many scammers have been arrested who are involved in this scam, it is expected that the mastermind scammer will also be caught. But the real question is, will these scammers get their money back who invested in Plustoken scam?

[coin-investor]

Even after the PlusToken scam, there's still going to be a lot of scam Ponzi scheme coming up, I just hope it will not be as big as Plus Token and people should now learn what to look for when investing they should not go for Ponzi scheme with its empty promises,
they will eventually lose their investment and if you are a big affiliate here and invited a lot of people, authorities might think you are part of the team.

[bgaf]

If truly all the plustoken criminals have been convicted, it's goodnews and should serve as a warning to those scammers always plotting to rip gullible investors off their hard earned funds. People are just Carlos, always finding new ways to scam, that's unfair. I hope people affected get refunded a certain percentage, but obviously this isn't forthcoming.

Its not stated if all have been jailed. But all accomplices reported has been caught. I think there are some members that are still on the loose and not caught. Im sure the one on the run will make a way to bail out those who are already in prison then they will start again another business related or new one. Crypto space is really bounded by political system. Why? Who believe they will forever locked in? They are actually rich people and will just give some bribery without having social news about them being release. Media business is paid.

[asriloni]

Serves them right. I think if these scammers will always get caught,it will really be nice,but come to think of it,why would people patronise these stuff,I think greed,they want to make fast money,I'm sure they have been warned severally yet they won't want to learn,everyone into these Ponzi stuff should advice themselves.

people will always continue to invest in such projects and this will not change. it is possible to simply stop the creation of such projects. if scammers will be afraid of jail, they will not scam people and steal their money

Just spread more and more awareness thread for the newcomers and they will not try to invest in the crap or scam projects. I have been seeing so many people have been getting helped a lot caused by the awareness thread that have created by some people in the past.

[ScamViruS]

Serves them right. I think if these scammers will always get caught,it will really be nice,but come to think of it,why would people patronise these stuff,I think greed,they want to make fast money,I'm sure they have been warned severally yet they won't want to learn,everyone into these Ponzi stuff should advice themselves.

people will always continue to invest in such projects and this will not change. it is possible to simply stop the creation of such projects. if scammers will be afraid of jail, they will not scam people and steal their money

Just spread more and more awareness thread for the newcomers and they will not try to invest in the crap or scam projects. I have been seeing so many people have been getting helped a lot caused by the awareness thread that have created by some people in the past.

There are many members in this community who are working hard to raise awareness. And there is a lot more awareness among newcomers than before. But the problem is that greed has increased among people. The more greed people have, the more scammers will get benefit, because they will be able to scam everytime with new websites. As a result, scammers are using this system to take money. However, the rest of the scammers will be much more careful now because of catching Plus token scammers.

[asder250]

Ponzi scheme is known for about 100 years and still, people fall down into it. After 100 years we didn´t learn anything about this type of fraud. Why? Because people love to be rich, at least in their thoughts  .

[imstillthebest]

Ponzi scheme is known for about 100 years and still, people fall down into it. After 100 years we didn´t learn anything about this type of fraud. Why? Because people love to be rich, at least in their thoughts  .

we ? no wtf . to be honest i am one of the victim on ponzi's but that was when im new to the world of investing but after i failed and learn thier system now i know why i failed to make a profit  but despite of what i learned i did not try to join again  . not only me but i believe other people learn from thier experience too and wont do the same thing again  . people are not the same  . we arent also the same people that are living on this planet but there were newly borned too and when they grew up they will fall on the same spot if we dont educate them as early as possible

[tvplus006]

Good to hear that a lot of suspects involved in this Ponzi scheme were already caught. I think it will not take a long time before those other main suspects to get arrested as well. Imagine a single Ponzi scheme can defraud almost $3Billion, what more for other schemes still out there.

I have already seen a lot of similar news about scammers, so I think aside from arresting those suspects, the authorities should strengthen their awareness to the public about this kind of scheme to avoid more people getting victimized by these people.

There is nothing new about this Scam, it was all used many times before PlusToken used it, and many times after. Well, the first Ponzi scheme was used by Charles Ponzi in 1920, it is named after him such a scheme of scam. In the case of PlusToken, it is necessary not only to punish the scammers, but also to return the money to the deceived investors.

[SistaFista]

Wow, that is a real good news here in cryptocurrency. If crypto scammers get caught in real life, then the people who want to scam others must be reduced because they afraid to get caught. We need more news like this, so the amount of scammers in crypto will gone.

...
PlusToken was launched in early 2018 and was already suspected to be a pyramid scheme as early as September 2018. In June 2019, the company triggered a wide-ranging panic among Chinese and Korean investors when some users reported that they could not withdraw funds from the wallets. However, the issues were then brushed off as a "hacker attack."
...

That "hacker attack" method is old, they pretend they have been hacked by the hacker, which is only a fabricated story to deceive their investors, very pathetic.

[qigong13]

Launched in early 2018 and only got busted today with almost $3 billion from the scam? Hell, even I hate scammers, have to give them the credit for able to amass that much money with just a simple ponzi scheme at today.

[smyslov]

Launched in early 2018 and only got busted today with almost $3 billion from the scam? Hell, even I hate scammers, have to give them the credit for able to amass that much money with just a simple ponzi scheme at today.

They made it the system appear to last for lifetime and they promote income for life and quick rich, the human side of us is we want to make a lot of money at minimal effort with a system in place, so people gamble because they see people actually making money but late comers are not lucky because the Ponzi Scheme company run away with member's money.

[desticy]

Wonder why there are so many ponzi and MLM scams in China and Asian in general? I saw too many ponzi and MLM scams in that region and still don't get it why people still fall for those scams. Worst, scammers able to amass $3 billion before finally arrested by police. Was it because people were too naive or police are too incompleted?

There are many of these schemes not only in China and Japan, there are many of them everywhere. Nowadays, many come from Singapore, usually related to cryptocurrency.
Quite a few of these schemes are based in Russia. Beautiful words, marketing and the hope that you will get rich this time leads people straight into this trap. And of course, financial illiteracy does its job.

[jademaxsuy]

There are many of these schemes not only in China and Japan, there are many of them everywhere. Nowadays, many come from Singapore, usually related to cryptocurrency.
Quite a few of these schemes are based in Russia. Beautiful words, marketing and the hope that you will get rich this time leads people straight into this trap. And of course, financial illiteracy does its job.

Dropping names of country where scam originated is not really good but anyway this is the life of anonymous. Anyone are free to scrutinize without exposing identity.

Scams really come from all over the world. Mostly scammers come from most corrupt country. Scammers were just like being encourage from those countries seeing unsystematic leaders that are corrupt. They just follow what leaders do and this is why others are very innovative creating their ways on scamming. Old school tricks still effective.

Try to.post here that you will buy bitcoin and many users will going to pm you trying to scam you. Some of them are idiot scammers.

[Crypto_lion]

I hope the fraudster who do these type of things are put behind the bars for a long time and the authorities make a lesson out of them for the people. Cheating people is no less evil especially when a large amount of money is involved.

[GideonGono]

It feels good to know that there are scammers that are still getting arrested because of this ponzi schemes in crypto.
I was once a victim of Ponzi schemes or other investment in crypto currency and it feels really terrible when our crypto investments turn out to be scam and we couldn't do anything about it since we know that they are only using fake info's.
So this would really feel good for those who have been their victim although we know that their money wouldn't go back to them.

[amonymous]

Good news for everyone investors even personally me. Anyway billions of money received there but i was waiting to know what the next step might be. Also many scammers are now afraid so the number of scammers from China will decrease as a result of implementing this measure. In my opinion, if such legal action needs to be taken in all countries, then there will be no amount of scammers and the confidence of investors will increase.