Last week, Polish police seized $11.6 million from the company DasCoin, which had been monitored by Polish authorities since September 2017. The company violated the country's criminal code by deceiving people with fraudulent investment schemes in a fake token.
According to Eva Bialik, a spokeswoman for the National Prosecuting Authority, investigators are currently preparing charges against a company that used a classic Ponzi scheme. Polish security forces are still trying to fully uncover the scale of the DasCoin operation, as well as decide the future fate of the seized funds and the fate of DasCoin executives.
In May, Colombian securities officials under the direction of the North American Securities Administrators Association sent DasCoin a cease-and-desist notice.
As of Monday, DasCoin is still listed on CoinMarketCap, the price of the cryptocurrency is $0.039, but the company's capitalization is zero. The currency is also traded on several exchanges, including CoinFalcon, BTC-Alpha, CoinBene and IDAX.
Ironically, on its website, DasCoin positioned itself as a “trusted currency.”
In September, another pyramid scheme called GAW miners was uncovered in the United States. The company's CEO, Josh Garza, was sentenced to 21 months in prison after admitting that his company was selling more mining power than it had at its disposal. Garza must also pay the US Securities and Exchange Commission $9 million in penalties.
According to ibtimes.com
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