Crypto-pyramid scheme busted in Greece

[zasad@]

https://www.rthess.gr/ellada/diplasiazoume-ta-chrimata-sas-se-50-imeres-pos-drouse-to-kykloma-me-ta-kryptonomismata-photos
Article in Greek, processed with the help of Crypto Headlines AI:
"Local police have detained 17 individuals in connection with a major cryptocurrency pyramid scheme. Investigators report that the scheme recruited at least 10,000 people and processed over $8 million through its platform.

Nine military personnel are among those detained.

According to local media, the case involves the FXO platform, which was promoted in Greece by an organization called AT Team Greece ("Greek Artificial Intelligence Team").

Investors were told that the platform used artificial intelligence (AI) to automatically trade cryptocurrency, capable of doubling their investments in just 50 days with virtually no risk."

[Faisal2202]

Nine military personnel are among those detained.

According to local media, the case involves the FXO platform, which was promoted in Greece by an organization called AT Team Greece ("Greek Artificial Intelligence Team").

Investors were told that the platform used artificial intelligence (AI) to automatically trade cryptocurrency, capable of doubling their investments in just 50 days with virtually no risk."

Haha, 10k of them fell for an offer that says "no risk". That's not a surprise. People will always invest their money in projects that claim they can make you profit for sure. It's human nature to make money without any risk, but they don't realize the risks of trading and cryptocurrency, and that's why they bought this scheme in the first place.

If they had given it a second thought that AI is not that advanced yet to make trades with virtually no risk, then they might have saved their funds.

It is AI now, before it was the Metaverse, cloud mining, etc. There will always be something. But why is it not surprising to me anymore that army personnel are scamming people haha? Maybe I have seen too many.

[Z-tight]

Investors were told that the platform used artificial intelligence (AI) to automatically trade cryptocurrency, capable of doubling their investments in just 50 days with virtually no risk."

It is good that this syndicate was busted and all, but who believes things like this. 100% in 50 days. No risk? I mean, how gullible can certain people be as soon as you make an offer that's too good to be true to them. I'm sure it won't be long before the authorities bust another scam ring, but if people continue to be this stupid, then there can hardly be any progress made.

[RGBTC]

It is good that this syndicate was busted and all, but who believes things like this. 100% in 50 days. No risk?

We need to find out how this group recruits investors, especially given the reported involvement of military personnel. If these individuals act as promoters and exploit their professional status to persuade people, I wouldn't be surprised if they managed to ensnare even more victims than influencers do. Conservative investors often feel a sense of security when they see that internal teams has professional ties to the government, even if those ties have no actual bearing on the business itself.

[BABY SHOES]

It is good that this syndicate was busted and all, but who believes things like this. 100% in 50 days. No risk?

We need to find out how this group recruits investors, especially given the reported involvement of military personnel. If these individuals act as promoters and exploit their professional status to persuade people, I wouldn't be surprised if they managed to ensnare even more victims than influencers do. Conservative investors often feel a sense of security when they see that internal teams has professional ties to the government, even if those ties have no actual bearing on the business itself.

Recruiting potential victims of investors with the lure of the lure of big rewards without risk, people who do not know will be tempted and join this scheme, especially in the internal there is a military as its promoter then automatically many people believe.

The ponzi scheme is indeed the easiest and many of its users, until they do not realize what a PONZI scheme is.
I think this practice has always existed everywhere, we see in the US, millions of dollars in losses, in our country this kind of investment is a lot, the model is not only in crypto, but fiat or selling products.