20 Wednesday January 2021
  • About
  • Advertise
  • Submit Press Release
  • Contact Us
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Newsletter
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
20 Wednesday January 2021
Newsletter
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
Bitcoin 24h
$35,494.32
-2.59%
Bitcoin 24h

$35,494.32
-918.99
-2.59%
Ethereum 24h
$1,370.72
+4.15%
Ethereum 24h

$1,370.72
+56.95
+4.15%
XRP 24h
$0.29
+0.03%
XRP 24h

$0.29
+0.00
+0.03%
Bitcoin Cash 24h
$503.50
-2.77%
Bitcoin Cash 24h

$503.50
-13.93
-2.77%
Chainlink 24h
$20.68
-5.00%
Chainlink 24h

$20.68
-1.03
-5.00%
Stellar 24h
$0.29
-2.57%
Stellar 24h

$0.29
-0.01
-2.57%
Cardano 24h
$0.36
-1.77%
Cardano 24h

$0.36
-0.01
-1.77%
Bitcoin SV 24h
$200.78
-3.17%
Bitcoin SV 24h

$200.78
-6.37
-3.17%
Litecoin 24h
$151.40
-4.00%
Litecoin 24h

$151.40
-6.05
-4.00%
Tezos 24h
$2.86
-3.90%
Tezos 24h

$2.86
-0.11
-3.90%
EOS 24h
$2.77
-1.56%
EOS 24h

$2.77
-0.04
-1.56%
Monero 24h
$154.65
+0.85%
Monero 24h

$154.65
+1.32
+0.85%
Neo 24h
$25.81
-4.50%
Neo 24h

$25.81
-1.16
-4.50%
TRON 24h
$0.03
-1.87%
TRON 24h

$0.03
-0.00
-1.87%
IOTA 24h
$0.47
+1.12%
IOTA 24h

$0.47
+0.01
+1.12%
Dash 24h
$123.63
-4.56%
Dash 24h

$123.63
-5.64
-4.56%
Ethereum Classic 24h
$7.88
-0.07%
Ethereum Classic 24h

$7.88
-0.01
-0.07%
Zcash 24h
$100.99
-2.97%
Zcash 24h

$100.99
-3.00
-2.97%
NEM 24h
$0.24
-0.14%
NEM 24h

$0.24
-0.00
-0.14%
Dogecoin 24h
$0.01
-1.96%
Dogecoin 24h

$0.01
-0.00
-1.96%
Binance USD 24h
$1.00
+0.00%
Binance USD 24h

$1.00
+0.00
+0.00%
Crypto.com Coin 24h
$0.08
+0.76%
Crypto.com Coin 24h

$0.08
+0.00
+0.76%
Cosmos 24h
$9.05
-4.16%
Cosmos 24h

$9.05
-0.38
-4.16%
Huobi Token 24h
$5.65
-8.41%
Huobi Token 24h

$5.65
-0.47
-8.41%
Maker 24h
$1,393.29
-1.18%
Maker 24h

$1,393.29
-16.40
-1.18%
Ontology 24h
$0.65
-6.96%
Ontology 24h

$0.65
-0.04
-6.96%
Tether 24h
$1.00
-0.22%
Tether 24h

$1.00
-0.00
-0.22%
UNUS SED LEO 24h
$1.33
-0.61%
UNUS SED LEO 24h

$1.33
-0.01
-0.61%
USD Coin 24h
$1.00
-0.11%
USD Coin 24h

$1.00
-0.00
-0.11%
VeChain 24h
$0.03
+9.37%
VeChain 24h

$0.03
+0.00
+9.37%
ADVERTISEMENT

PlusToken Scammers Got Charged With 11-Year Jail Sentence

Stefan by Stefan
02/12/2020
in About
2 min read
0
plustoken scammers
153
SHARES
1.9k
VIEWS
Share on FacebookTwitterWhatsappGmail
ADVERTISEMENT
ADVERTISEMENT

PlusToken scammers got charged with an 11-year jail sentence by the Chinese authorities after they managed to defraud investors out of billions of dollars in crypto so let’s read more in today’s crypto news.

The main PlusToken scammers got hit in the face with an 11-year jail sentence in China by the Chinese authorities since they managed to defraud investors out of billions of dollars in different cryptocurrencies. According to the South China Morning Post, the main actors in the scam were sentenced to 11 years imprisonment by a Chinese court. The suspects were found guilty of duping investors out of $2.25 billion worth of crypto.

alleged ponzi ringleader, fbi, arrested,

Authorities already arrested 27 key members of the Ponzi scheme back in July and even apprehended 82 other individuals that were linked to the Plustoken scam. Later in November, Chinese law enforcement sized about $4 billion worth of crypto from the operators of the project and according to the documents, the confiscated crypto tokens included 94,775 Bitcoin, 833,03 ETH, 79,581 BCH, 1.4 million LTC, 27.6 million EOS, 6 billion DOGE, 213,724 USDT. The shutting down of the PlusToken scam project is in line with the latest agenda by the Chinese authorities to get rid of the fraudulent schemes. Also, the latest developments are a win for the authorities since this platform was the biggest Ponzi scheme in China.

ADVERTISEMENT

But what exactly happened? Plustoken was founded by Chen Bo back in 2018 with all hallmarks of a classic Ponzi scheme. The funds were allegedly generated by investors that only benefit early investors. Chen and other operators worked through social media and other offline tools to get members who then paid for membership fees up to $500 worth of BTC and other crypto assets. Between 2018 and 2019, the platform had more than 2.5 million members with the rewards based on the number of new recruits that joined on board. In the meantime, the total number of funds generated from the members hit over $2.2 billion worth of crypto.

biggest bank in china, btc, bonds, bitcoin

The court documents also alleged that Bo spent most of the funds on an extravagant lifestyle and purchased expensive properties for himself and his family members. In addition to the PlusToken founder and other members that will spend time in jail, the ringleaders were charged with fines. The scammers were fined between $18,000 and $912,922.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: featuredjail sentenceplustokenplustoken ponzi schemeplustoken scammersponzi schemeScammers
Share61Tweet38SendShare15
ADVERTISEMENT
Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

Related Posts

Former Overstock CEO, byrne, twitter, bitcoin,
About

Former Overstock CEO And BTC Supporter, Got Banned By Twitter

13/01/2021
new gaming company, bithumb, nexon, ncsoft
About

New Gaming Company Outbids Nexon For Control Over BitHumb

09/01/2021
Crypto Mining Datacenters, nordic, electricity, heat
About

Crypto Mining Datacenters To Create Better Food-Chain In The Nordics

23/12/2020
Exmo Crypto Exchange, hack, withdrawals
About

Exmo Crypto Exchange Suffers A Hack, Withdrawals Are Stopped

21/12/2020
hacked ledger data
About

Hacked Ledger Data Gets Dumped On RaidForums Site

21/12/2020
crypto firm paxos
About

Crypto Firm Paxos Applied For National Bank Charter: Report

10/12/2020

Discussion about this post

ADVERTISEMENT

  • Trending
  • Comments
  • Latest

VeChain Price Could Hit $9 In The Near Future: Analysis

09/02/2020
will tron reach

Will Tron Reach $1 In The Long Run: TRX Coin Price Prediction

29/04/2020
digital euro project

Digital Euro Project Favors IOTA Network More Than ETH Or XRP

21/06/2020

Will Cardano Reach $1,000 By 2025: Expert Review

11/05/2018

What Is Altcoin?

0
what is ethereum|What Is Etherum?

What Is Etherum?

0
What Is Cryptocurrency?

What Is Cryptocurrency?

0
thanksgiving weekend, bitcoin, btc, price

What Is Bitcoin?

0
Most Of LINK, chainlink, addresses

Most Of LINK Is Controlled By 125 Wallets According To Latest Data

19/01/2021
Bitstamp Introduces KYC, dutch, users, policy, eu

Bitstamp Introduces KYC Rules For Dutch Traders: Report

19/01/2021
Binance’s Coin Reaches, bnb, burn, token

Binance’s Coin Reaches New ATH A Day Before Token Burn

19/01/2021
XRP Could Slip Out, ripple, crypto , spot, polkadot

XRP Could Slip Out Of The Top Five Crypto For The First Time Since 2013

19/01/2021
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Google+ Instagram Youtube
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.

News By Topic

Quick Search

No Result
View All Result

DC Forecasts Services

  • About
  • Advertise
  • Submit Press Release
  • Press & Media
  • Events
  • Careers
  • Partners
  • Free Widgets
  • Contact Us

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices

No Result
View All Result
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • Newsletter
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • Widgets
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices