Euro News - 8 arrested in Spain for running a 'cult-like' crypto trading academy scam targeting young people

in blockchain •  2 years ago 

https://www.euronews.com/next/2022/04/29/8-arrested-in-spain-for-running-a-cult-like-crypto-trading-academy-scam-targeting-young-pe
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When she joined the IM Academy's online trading course, Lorena's daughter was only 17 years old and promised wealth and success through investing in cryptocurrencies.

But in the end, Lorena's daughter, like hundreds of other young people in Europe, fell for what the Spanish investigators called a Ponzi scheme.

And students who could not pay their fees to stay in the academy would be offered money to bring new members to this cult-like organization.

Beware of scams masquerading as crypto investment training!!

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