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Man in his 60s runs massive Ponzi scam while on probation for past fraud

Summary by Bitcoin Ethereum News
The post Man in his 60s runs massive Ponzi scam while on probation for past fraud appeared on BitcoinEthereumNews.com. Key Takeaways A South Korean man ran a $60 million Ponzi scheme targeting over 2,200 investors under the guise of AI and crypto businesses. The scam promised 300% returns and mainly affected victims aged 50-70, many of whom were unfamiliar with crypto technologies. South Korean police arrested a man in his 60s for orchestrating …
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Man in his 60s runs massive Ponzi scam while on probation for past fraud

The case highlights the urgent need for stricter regulations and oversight to prevent repeat offenders from exploiting vulnerable investors. The post Man in his 60s runs massive Ponzi scam while on probation for past fraud appeared first on Crypto Briefing.

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Crypto Briefing broke the news in on Friday, July 25, 2025.
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