US FTC Compensates $470 000 victims of two cryptocurrency pyramids

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FTC США компенсирует $470 000 жертвам двух криптовалютных пирамид

Federal Trade Commission (FTC) USA will indemnify 8 000 Human, who lost money as a result of investments in two fraudulent cryptocurrency schemes – Bitcoin Funding Team и My7network.

According to the statement
FTC, the organizers of the two fraudulent schemes “falsely promised, what Participants can earn large amounts of money, Bringing cryptocurrency, eg, BTC or LTC ». FTC writes:

"Bitcoin Funding Team and My7Network were cryptocurrency pyramids. Most of the participants in the schemes could not return the initial investments ".

Starting with 5 November FTC sends the victims of the schemes 7 964 Translations via PayPal for a total of more than $ 470,000. “The average compensation amount is approximately $59. For users, received money through PayPal, will 30 days to accept payment ", – explained in FTC.

The US Federal Trade Commission submitted
Two lawsuits against fraudulent cryptocurrency schemes Bitcoin Funding Team and My7Network in 2018 year. Organizers of two schemes Thomas Dluka (Thomas Dluca), Louis Gatto (Louis Gatto) And Eric Pinkston (Eric Pinkston) were arrested in 2018 year. They claimed, that the employees of their companies "will help turn the payment in the amount of a little more $100 In a monthly income in the amount $80 000».

Fourth defendant Scott Chendler (Scott Chandler) promoted another cryptocurrency pyramid Jetcoin, where investors were promised to doubling investments for 50 days. FTC claims, that "the scheme could not satisfy these requirements and stopped working within two months after launch.". In August last year, the organizers of the schemes settled
Claims with FTC. As part of the proposed settlement, Dluka paid $453 932, A Chandler – $31 000.

“Pinkston also agreed with the court decision on compensation $461 035, which will be suspended after payment $29 491 because of his inability to pay the full amount. If it turns out later, that he hid his assets, He will be obliged to pay the full amount ", – noted the regulator.