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3232Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind
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Tue, 27 Aug 2024 07:30:29 +0000https://www.digit.info/singapore-court-imposes-6-year-prison-sentence-on-crypto-ponzi-scheme-mastermind/Read more]]>Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such […]
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such […]
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