Dutch man conned investors out of $26M with fake Bitcoin mining rigs

May21

by Sindy Cator on May 21, 2019 at 12:59 pm

Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork

A man from Apeldoorn, Netherlands has been arrested for fraud and money laundering after convincing over 100 people to invest a total of $26 million in fictitious Bitcoin mining rigs. The 33-year-old named as Berry van M. was director of two companies which claimed to sell Bitcoin mining machines. The perpetrator is said to have operated the machines from a mining firm, De Gelderlander reports. Through what sounds like cloud mining contracts, the Dutch miscreant had promised investors a return of around 0.3 Bitcoin ($2,300 at the time of writing) per month. However, the investors never received these returns, nor…