How 13,000 Chinese investors could save their money

A company offers 13,000 thousand dollars of revenue each day. All the clients need to do is invest almost half a million dollars and only then they will get what they were promised. A man from another country is also one of the promoters, telling how this company is arranging the deals all over the world.

See anything suspicious? Congratulations, you have just detected a Ponzi scheme 13,000 people in China did not manage to detect in time. The company connected with its own altcoin Da Tang Coin (DTC) has had a tour around China, visiting cities and attracting more investors. Chinese police have recently apprehended suspects allegedly involved in the management of this pseudo-business. According to the law enforcers, this scheme has attracted $13 mln which indicates how the general public is still vulnerable to economic frauds.

The obvious lesson from this story is to always double-check the promises of any investment company - cryptocurrency-related or not - and remain skeptical about the huge returns the founders promise, especially if it’s thousands of dollars a day. The decision of whether to invest or not is always made by the owner of the money.

Image courtesy of Coinsutra