The District Public Prosecutor’s Workplace in Warsaw has confirmed a felony investigation into the DasCoin Ponzi scheme.
The announcement was made following a tip from shopper advocacy group Buying and selling Jam, who alerted the Prosecutors to doable violations of Poland’s Legal Code.
The letter obtained by Buying and selling Jam from the Prosecutor’s Workplace reads (auto-translated);
The district prosecutor in Warsaw on September 21, 2018 has been investigating beneath the reference quantity PO III DS 176.2018 relating to bringing in from September 2016.
All through the nation, a variety of persons are deprived by the sale of products by way of gross sales by way of a web site (netleaders).
License for the acquisition of a variety of services and products supplied beneath the DasEcosystem system, together with the extraction of cryptocurrency referred to as DasCoin.
Particularly, Public Prosecutors are searching for to determine whether or not DasCoin operates in Poland in violation of Artwork. 286. § 1 (auto-translated);
(A celebration) who, with the intention to achieve monetary achieve, leads one other individual to an unfavorable regulation by their very own or another person’s property by way of deceptive or exploiting a mistake or lack of ability to correctly perceive the motion taken.
(This) is punishable by imprisonment of from 6 months to eight years.
Final 12 months in August, Buying and selling Jam’s enquiries resulted in a parliamentary enquiry acknowledging an investigation into DasCoin.
DasCoin was additionally named in a December 2017 finish of 12 months warning issued by Poland’s Workplace of Competitors and Client Safety.
DasCoin is primarily promoted by way of the MLM firm Internet Leaders (previously Coin Leaders).
DasCoin itself started as a OneCoin Ponzi factors clone round mid 2016. A number of months in the past DasCoin factors had been transformed right into a stand-alone altcoin.
At this time DasCoin is listed on a handful of exchanges at a price of two.9 cents, down from a pump of round 21 cents in late June.
Exterior of speculative funding and ROIs paid by way of Internet Leaders, DasCoin serves no sensible objective by itself.
N.B. The Public Prosecutor’s Workplace’s letter to Buying and selling Jam accommodates a typo with respect to Internet Leaders web site tackle (“natleaders”).