Fraudulent Bitcoin Seller Going to Jail

[Yusra3]

The U.S. Branch of Justice (DOJ) reported last week that Michael Yusko has been condemned to one year and one day in jail "for swindling clients through unlicensed bitcoin business."

The 47-year-old inhabitant of New Orleans offered bitcoin and other cryptographic forms of money to clients in May 2018. "Yusko would guarantee clients any measure of bitcoin in return for U.S. dollars at five percent above market cost for a five percent charge," the DOJ Said, accentuating that he neglected to totally finish exchanges.

 

[Bookwormlux]

There are so many of such scammers out there and it only takes the place of God for one to be able to completely do away with them because they just are too smart and will definitely do things in a way that will make them appear very legit and unsuspecting.

Their major targets are usually people who have never make money online and are eager to earn some money because they saw others doing so. Such people usually think that online any opportunities are meant to be very high profit in schemes, but in the end they get to realise that it is not so.

It is now very important for us who have a very good knowledge about things like this to make sure that we try to educate people around us so they do not get to fall for this Petty scammers who are out there and always looking out for people that they will read them of their hard-earned money and leave them in a very frustrated and confused state.

We just have to take more caution out there and I am very sure that the law enforcement agencies are always on the lookout for people like this to take them to jail for life.

 

[eldavis]

The rate at which these scammers are increasing is really alarming. A friend of mine was also scammed some months back as well. He was in need of Bitcoin, so he decided to buy form someone he came across. To be on the safer side he asked the guy to send the Bitcoin first, after he must have seen it he would transfer the money. The guy agreed to this after some time he saw the Bitcoin so he made the payment only for him to find out the next day that it was a flash alert. The guy blocked his number.