WeGrowBitcoins, a suspected ponzi system abusing bitcoin has gained attending inward a local media platform inward New Zealand.
The alleged pyramid scam involves novel members ‘donating’ money inward bitcoin (0.01 BTC or $25) amongst promised returns of 67.76 BTC (approx. $175,000) has reportedly roped inward 1,300 members worldwide.
“Wegrowbitcoins is an online peer to peer donation organization built for the welfare of the community,” the website states. Describing it every bit a peer-to-peer donation platform, the website says it operates a platform which tin last accessed yesteryear members for a monthly subscription fee. “Platform access allows members to have donations straight into their bitcoin wallet from other members,’ an FAQ added. 
Newshub. The intelligence publication looked into the performance amongst a focus on the Daniel Tepania, a truck driver lured into investing inward “We Grow Bitcoins’.
“It’s entirely been hither most a calendar month then I idea I would laissez passer it a go, sounded quite good,” Tepania explained.
With his early on investment, he is expecting to brand returns patch climbing to ‘level 3’ of the scheme. Returns, he says, that could brand “about 200 grand a calendar month together with y'all tin larn that every month.”
Ads:
With its investigation, Newshub contacted the country’s Commerce Commission, who said they had non received whatsoever complaints most the rich-rewards scheme.
The publication cites New Zealand Consumer Law specialist Prajna Moodley who summed it upward every bit a “simple scam.”
He stated:
I’d become then far every bit to say it is merely a elementary scam. From what I tin function out, this involves people investing money together with never hearing shape the fellowship again.
Looking at fellowship data, the lawyer points to a generic physical address together with operators of the system using everyday Gmail or ‘.ru’ addresses.
The New Zealand publication’s ain investigation concludes that the operator is a homo based inward Texas, United States, who did non response to the publication’s queries.
As bitcoin continues to gain popularity amongst mainstream media awash amongst stories of early on adopters forthwith asset bitcoin valued inward millions, it isn’t surprising to run into new cryptocurrency-based scams promising aggressive returns stimulate got shape around the world. Featured icon from Shutterstock.
Terimakasih anda telah membaca artikel tentang ‘We Grow Bitcoins’ Ponzi Takes Shape Are SCAMS. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://bitcoinreum.blogspot.com/2011/08/we-grow-bitcoins-ponzi-takes-shape-are.html. Terimakasih atas perhatiannya.