Gelfman Blueprint, Kriptacoin fraud schemes revealed

Gelfman Blueprint, the United States-based corporation, has allegedly deceived its investors. As the statement on the official CFTC (Commodity Futures Trading Commission) declares, the head trader and chief executive of the company used Bitcoin as a main currency for a Ponzi scheme. The company high management has illicitly acquired a sum over $600,000 from more than 50 traders by using a special Jigsaw computer program as a baiting instrument. The company claimed it invented an innovative algorithm for successful trading, but in fact, the “payouts of supposed profits to GBI Customers in actuality consisted of other customers’ misappropriated funds”, CFTC explains.

In addition, the director of this company, Nicholas Gelfman, was planning to launch a hack attack to steal funds from traders and plotted to hide tracks from the law enforcement after the steal.

Similar news coming from Brazil. In this country, the Kriptacoin digital currency was exposed as a fake one, and many people were arrested in connection with this Ponzi scheme, with some persons still searched by the local police.

This scheme operated with more than $79 million of funds from 40,000 investors, the fake cryptocurrency creators owned 8 very expensive cars and even a helicopter – impressive if one remembers that the scheme was organized just last year. As in every pyramid, the investors were promised more money if they recruit more new participants, but those money were in fact the funds stolen from other users.

Three of the suspects were previously involved in forgery and illegal weapons trade. One of the victims who invested over $60,000 in total, tells that the Ponzi scheme managers tried to threaten him/her after he/she tried to return funds back.