A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution.
The United States District Court for the Southern District of California ordered the restitution for the “massive” scheme on Jan. 12 according to a800 victims of the scheme, hailing from 40 countries will be able to take a small slice of the $17 million restitution, a term that refers to returning property or monetary value of losses to the proper owner.
The DOJ statement noted that Bitconnect was a purported crypto lending platform that touted proprietary technology including the “Bitconnect Trading Bot” and “Volatility Software” that claimed would net investors guaranteed returns.Investors would trade in Bitcoin (
0x13457177b9785d9e1af76dfcb0ca5ef738042a52 USDT Bep20 PLEASE HELP
Great. Some relieve for the victems.
How do I claim my share?
Wow, I wonder what's going to happen next?
So more people get ripped off..what a surprise..
Only around 5 years passed, yeah
They scammers are now using ether-connect launched over 2years now and took all the investment and stay mute
So, TECHNICALLY, you DIDN’T lose all your money 👏
Means Carlos Matos is gonna get some money back :)