Our view: Ponzi scheme illustrates risk of bitcoin ventures

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Our view: Ponzi scheme illustrates risk of bitcoin ventures

By Henry Dubroff and Editorial board / Friday, December 13th, 2019 / Comments Off on Our view: Ponzi scheme illustrates risk of bitcoin ventures

An alleged cryptocurrency Ponzi scheme that appears to have stolen $722 million from unsuspecting investors has resulted in the arrest of a Ventura County resident. The bust served up yet another warning that bitcoin and related ventures are much too risky for individual investors. Four defendants are now under arrest in the alleged scheme, which…

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