Japanese authorities have arrested eight people, who they declare are behind the Sener Dealer Ponzi scheme.
Sener Dealer launched in 2017 on the heels of Eagle Gates Group’s demise.
The latter Ponzi collapsed in February 2017, with Sener Dealer rising a number of months later in Might.
In our revealed Sener Dealer overview, we noticed it was basically an Eagle Gates Group reboot clone.
In an try to masks its Japanese origins, Sener Dealer went so far as to create a bogus Amazon e book itemizing for its fictional CEO, “Spenser Brown”.
The corporate represented it was based in 2007 and primarily based out of the US, regardless of neither declare being verifiable and 80% of Sener Dealer web site visitors originating out of Japan.
Like its predecessor, Sener Dealer was short-lived and collapsed on or round June 2017. It wasn’t till yesterday nevertheless that authorities lastly arrested these accountable.
On November 14th Tokyo police arrested eight people, who they consider have been behind Sener Dealer.
Authorities consider these arrested bilked $73 million out of round 6000 Sener Dealer buyers. The official chargesheet in opposition to the accused nevertheless is just for 29 million yen stolen from 9 buyers ($255,000).
Of the $73 million netted, police consider the overwhelming majority was utilized by Sener Dealer’s scammers for “personal functions” (learn: lambos and mewn rockets).
Since their arrest, six of the accused have admitted to the allegations leveled in opposition to them. Two are nonetheless holding out.
Actually, you’ve bought handy it to the MLM cryptocurrency area of interest…
One MLM crypto Ponzi launches with a bogus CEO out of Thailand, takes in $52.2 million after which collapses.
Just a few months later actually the identical rip-off pops up once more with the identical web site theme and a brand new bogus CEO, and gullible schmucks lose one other $73 million to it.
Idiots… idiots in every single place.