May 22, 2019
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Bitcoin [BTC]: Dutch man dupes investors of $26 million after promising returns on Bitcoin mining rigs

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Bitcoin mining is a lucrative activity. However, of late, it has also become the source for many associated criminal activities. An individual from Apeldoorn in the Netherlands was caught for money laundering after duping over 10 people who invested in his Bitcoin mining rig. He is accused of duping them to the tune of $26 million.

The accused, a man of 33, claimed to be the Director of two companies which sold Bitcoin mining rigs. The accused promised returns to the tune of 0.3 Bitcoins per month for each investment made. However, the investors failed to receive any promised Bitcoins on the Bitcoin mining computers they invested in. It is estimated that the accused earned close to 2 million euros from the mining, and the subsequent investor scam.

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