Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[onlyprofits]

Rossen Iossifov, the owner of the Bulgarian cryptocurrency exchanger RG Coins, was sentenced to 10 years in prison for supporting money laundering.
The conviction was handed down by the Frankfort Kentucky federal jury, who found him guilty of conspiracy and committing organized crime with money laundering in September of last year. The verdict was produced in just two weeks.
The scam amounts to more than 7 million dollars to 900 US citizens.
Of the 20 involved in the money laundering conspiracy through RG Coins, 17 have been convicted.
What is your opinion regarding this news

 

[mcjerry001]

Rossen Iossifov, the owner of the Bulgarian cryptocurrency exchanger RG Coins, was sentenced to 10 years in prison for supporting money laundering.
The conviction was handed down by the Frankfort Kentucky federal jury, who found him guilty of conspiracy and committing organized crime with money laundering in September of last year. The verdict was produced in just two weeks.
The scam amounts to more than 7 million dollars to 900 US citizens.
Of the 20 involved in the money laundering conspiracy through RG Coins, 17 have been convicted.
What is your opinion regarding this news

I knew it. Back then story of a Canadian exchanger website, that the news was spread about the CEO of the company been dead and went the private key of the company wallet containing the whole coin. Then I said to be a lie. Thank God this one was caught

 

[onlyprofits]

I knew it. Back then story of a Canadian exchanger website, that the news was spread about the CEO of the company been dead and went the private key of the company wallet containing the whole coin. Then I said to be a lie. Thank God this one was caught

Hey amazing, I didn't know about that news. Could you figure out the private keys to access the funds? That must be quite uncomfortable, especially for partners

 

[mcjerry001]

Hey amazing, I didn't know about that news. Could you figure out the private keys to access the funds? That must be quite uncomfortable, especially for partners

The news spread then. A memberof the exchange lost his life savings in the website. It was later reveled that they transferred some huge coin to some other two exchanger website.

 

[JennyRogers]

Crypto scam should be handled like this. People are losing money for nothing and this should be stopped immediately. milions and millions of dollars are flowing in illegal activity is something we cant tolerate.

 

[Niftyicon]

He went ahead and rubbished his business because I am almost certain that most investors would likely pull out their funds because of his untrustworthy behaviour.

 

[Wisdom01]

I really don't know what people gain in defrauding people because they would always face the penalty at the end , i just hope they could recover some money from them

 

[Brain]

It really a good news to read now about the consequence of money laundering being meted out the offenders must go in for it big time. It becoming too much

 

[Wisdom01]

It really a good news to read now about the consequence of money laundering being meted out the offenders must go in for it big time. It becoming too much

Yeah i just hope they implement more strict laws against money laundering , since there has been high case of such issue almost especially in this pandemic

 

[BullyMaguire]

As they should be, they need to set examples so other exchange owners won't do the same.. how can you trust an exchange with your money when they're helping out scammers ?

 

[Brain]

Yeah i just hope they implement more strict laws against money laundering , since there has been high case of such issue almost especially in this pandemic

I know authorities have been enacting laws of this magnitude but the problem is always it's implementation. So I hope there's more execution now

 

[Dora_WalletInvestor]

I really don't know what people gain in defrauding people because they would always face the penalty at the end , i just hope they could recover some money from them

Unfortunately many of them are not caught... regulations are getting better and more people are caught than before, but still a lot of people get away with scamming others.

 

[Wisdom01]

Unfortunately many of them are not caught... regulations are getting better and more people are caught than before, but still a lot of people get away with scamming others.

Alright but strict regulation could atleast reduce the rate and might not fully deactivate the scam activities because the scam rate is on the rise

 

[Brain]

Unfortunately many of them are not caught... regulations are getting better and more people are caught than before, but still a lot of people get away with scamming others.

This is why some countries are banning the use of crypto like Nigeria. The government is indirectly seeking for a control which will bring regulation to the whole network

 

[Brain]

I support the judgement placed on that owner of the platform because they are the people who don't want the government to trust the crypto currency exchange Business because they see it as a fast way to launder money

Yeah they are ones giving Crypto world a bad name and making things about it very dubious, so it was good that such an element was arrested and mights be kept away for a long time

 

[a_jerobon]

That was a very good move taken by the court. Such scammers should really be punished for money laundering. I wish the court system could apply for most of the online scams so that they seaze taking people's money.

 

[Brain]

That was a very good move taken by the court. Such scammers should really be punished for money laundering. I wish the court system could apply for most of the online scams so that they seaze taking people's money.

Yeah this is what should befall all the scammers both online and offline. They don't need to be spared with the level of havoc they caused individuals and to the community at large. They need be charged

 

[a_jerobon]

Yeah this is what should befall all the scammers both online and offline. They don't need to be spared with the level of havoc they caused individuals and to the community at large. They need be charged

Yeah, that is right. They really cause so much havoc to the people who loose their money to them. These days they are so cunning and look so legit, many people fall for them. Then they run away with the money knowing that there are no consequences that will befall them.

 

[Dora_WalletInvestor]

This is why some countries are banning the use of crypto like Nigeria. The government is indirectly seeking for a control which will bring regulation to the whole network

Definitely, although banning cryptos as a whole is probably not the best approach here, it might prevent some people from accessing and thus falling for scams but illegally, the buying and selling of cryptos would continue.

 

[Brain]

Definitely, although banning cryptos as a whole is probably not the best approach here, it might prevent some people from accessing and thus falling for scams but illegally, the buying and selling of cryptos would continue.

But risk taking is everywhere so they need to let bitcoin and Crypto currency investors be. Some people are still making good money from investing in the crypto world