CRYPTO WARNING: FBI arrests three men accused of running a $722 million cryptocurrency fraud scheme that allegedly defrauded thousands of “investors”

Wednesday, December 11, 2019
By Paul Martin

by: Mike Adams
Tuesday, December 10, 2019

For several years, I’ve repeatedly warned people to steer clear of crypto schemes. The crypto space seems to attract some of the most unscrupulous promoters, and people who are looking for quick gains often get suckered into costly arrangements that may not be legit.

Now, an FBI investigation has led to the DOJ arrest and indictment of three Americans who stand accused of running a $722 million crypto scheme. According to a DOJ press release announcing the investigation, the three men “are charged by indictment with conspiracy to offer and sell unregistered securities.”

Their website, found at, promised an “innovative and lucrative way to earn Bitcoin.”

There are reportedly two other individuals, yet to be named, who are also facing criminal charges from the DOJ related to this alleged “scheme.” They just haven’t been found yet, it seems.

All individuals must be presumed innocent until proven guilty, of course, and the FBI has clearly been shown to be a criminal organization itself in the last few years, so it’s difficult to know the real story here until more facts emerge. From the DOJ press release:

“The indictment describes the defendants’ use of the complex world of cryptocurrency to take advantage of unsuspecting investors,” U.S. Attorney Carpenito said. “What they allegedly did amounts to little more than a modern, high-tech Ponzi scheme that defrauded victims of hundreds of millions of dollars. Working with our law enforcement partners here and across the country, we will ensure that these scammers are held to account for their crimes.”

There’s a far more dangerous Ponzi scheme operating in America, and it’s run by the Federal Reserve

What about the far larger Ponzi scheme known as the Federal Reserve, by the way? The Fed counterfeits money all the time, generating illicit assets for its wealthy friends while simultaneously eroding the value of the dollars earned by hardworking Americans. If there was a Ponzi scheme to take down anywhere, it would be the Fed, right? Not in America. The intelligence community focuses on those who threaten the money monopoly of the Fed.

That’s not to say these three men didn’t do something wrong and mislead investors, allegedly, but if you want to talk about misleading financial schemes, how about we have a serious discussion about the insolvency of social security? Or the endless debt schemes of the U.S. Treasury working in cahoots with the Fed? How about the fact that Joe Biden and other prominent politicians are skimming kickbacks off billions of dollars in foreign aid via Ukraine / Burisma?

Yes, there are financial crooks in America, and most of them work in Washington D.C.

From the DOJ press release:

“Those arrested today are accused of deploying elaborate tactics to lure thousands of victims with promises of large returns on their investments in a bitcoin mining pool, an advanced method of profiting on cryptocurrency,” Paul Delacourt, the Assistant Director in Charge of the FBI’s Los Angeles Field Office said. “The defendants allegedly made hundreds of millions of dollars by continuing to recruit new investors over several years while spending victims’ money lavishly.”

Doesn’t that sound like the way Joe Biden runs things? Or John Kerry? Or John McCain? Or Hillary Clinton and the Clinton Foundation? Apparently there are people in America who are above the law, and they’re the political elite who have somehow achieved the status of being “untouchable” by law enforcement and the DOJ.

We now live in a nation where the biggest, most vile criminals of all are the very people running the system.

None of these guys put a gun to your head and picked your pocket, but the Fed does that every day

The Rest…HERE

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