The founders, promoters and a lawyer for Airbit Club have all pleaded guilty to fraud for their roles in a scheme prosecutors say duped victims around the world out of $100 million. cheyenneligon reports
Six executives of the global cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to their roles in the global fraud and money laundering scheme that prosecutors say defrauded victims out of a collective $100 million.
Airbit Club was a global scam in which promoters hosted “lavish expos” and community presentations throughout the U.S., Asia, Latin America and Eastern Europe, and convinced victims to invest in “memberships” that purported to yield returns generated through bitcoin mining and trading. Victims could view their “balances” on an online portal but the numbers were fake and they could not withdraw funds.
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