Hong Kong Police Arrests Suspects Involved in MyCoin Bitcoin Scam

The Hong Kong Police Commercial Crime Bureau (CCB) arrested five suspects that might have been involved in last month’s Bitcoin investment fund scam worth $8 million.
According to South China Morning Post (SCMP), the arrested individuals include three women, aged somewhere between 48 and 55, and two brothers, both in their late 30s. While the formers were accused to have had promoted the Ponzi company MyCoin, the latter are being scrutinized for collecting money from some of the victims.
However, none of the arrested individuals have been charged yet, but are likely to go through a strained interrogation. Based on the expected findings from them, CCB is planning to go after the big sharks – the MyCoin’s former and current director, as well as its stakeholders.

This post was published at NewsBTC on Mar 6, 2015.