#GemCoin

News.Bitcoin / Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison

January 13, 2021 / newsbitcoin

The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million,…

Coindesk / GemCoin Founder Sentenced to 10 Years for $147M Crypto Scheme

January 12, 2021 / coindesk

Gemcoin founder Steve Chen was sentenced Monday to 10 years in federal prison for defrauding tens of thousands of investors in one of the largest early cryptocurrency investment schemes. Chen,…