Police Arrest 20 in Digital Currency Pyramid Scheme

By July 16, 2015Bitcoin Business

Spanish police have arrested 20 individuals in connection with a pyramid scheme that used a fake digital currency called the unete to attract unwitting investors.

The Spanish National Police Corp announced the arrests on 16th July , which took place in Madrid and other parts of the country.

Police estimate that the scheme resulted in as much as €50m in losses, ensnaring roughly 50,000 victims worldwide – with 6,000 in Spain alone.Spanish police seized over €5m […]

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