a couple of laughzillas on a blue diamond background

Venezuelans go after diamond-backed cryptocurrency Ponzi with $30M lawsuit

Jul16
by on July 16, 2019 at 9:28 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


A group of Venezuelans that moved to the US to “start a new life” are suing a $30 million cryptocurrency Ponzi scheme that allegedly backed its coins with real diamonds. On Friday last week, a group of Venezuelans submitted a lawsuit claiming they were fraudulently promised massive returns on investments into the supposed diamond-backed cryptocurrency, Argyle Coin, Law360 reports. The perpetrators, Jose Angel Aman, Harold Seigel, and his son Jonathan Seigel, were reportedly running two diamond companies – Natural Diamonds and Eagle Financial – and an associated cryptocurrency business that offered the diamond-backed digital assets. According to the report, the…

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a couple of laughzillas on a blue diamond background

Venezuelans go after diamond-backed cryptocurrency Ponzi with $30M lawsuit

Jul16
by on July 16, 2019 at 9:28 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


A group of Venezuelans that moved to the US to “start a new life” are suing a $30 million cryptocurrency Ponzi scheme that allegedly backed its coins with real diamonds. On Friday last week, a group of Venezuelans submitted a lawsuit claiming they were fraudulently promised massive returns on investments into the supposed diamond-backed cryptocurrency, Argyle Coin, Law360 reports. The perpetrators, Jose Angel Aman, Harold Seigel, and his son Jonathan Seigel, were reportedly running two diamond companies – Natural Diamonds and Eagle Financial – and an associated cryptocurrency business that offered the diamond-backed digital assets. According to the report, the…

This story continues at The Next Web

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