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This news was made public; it has issued a penalty of $ 15 million as a judge of the Incheon District Court of Seoul.

These frauds include bitcoin for investors totaling $ 20 billion in fraud. These two suspects in South Korea allegedly used the pyramid of this scheme.

It is according to the South Korean news agency Yonhap. The amount is $ 8 million for two men respectively on April 19, respectively.

image source pixabay

It started 26 billion by that investor; the reporter said that since 2015, the alleged scheme of two suspects had started.

They promise to investors will get more returns through investing in bitcoin. He later created this multi-level company

With the large scale production of many victims, the judge was told in the report that the majority of the transaction is threatened by the social economic order, the report has come only a few days later, after the neighboring country of South Korea, China also tried to crack many of these level marketing plans.

image source - https://bitnewsbot.com/bitcoin-pyramid-scheme-allegedly-hoaxed-20-billion-in-south-korea

He said that the penalty has been given on the basis of adequate amount of investments allegedly attracted by the victims.

It deposited $ 13 million from more than 13,000 people. This is reportedly under the hide of investment.

This Chinese police force has arrested the founders of the nationwide cryptocurrency pyramid scheme, as told on Wednesday.