[nighthawk648]

> Goettsche, Weeks, and others conspired to solicit investments in BitClub Network by providing false and misleading figures that BitClub investors were told were “bitcoin mining earnings,” purportedly generated by BitClub Network’s bitcoin mining pool. Goettsche discussed with his conspirators that their target audience would be “dumb” investors, referred to them as “sheep,” and said he was “building this whole model on the backs of idiots.” Goettsche directed others to manipulate the figures displayed as “mining earnings” during the course of the conspiracy.

Come on, how dumb do you have to be to leave a paper trail in emails of your blatant attempt to defraud investors.

I mean it’s a pretty impressive scheme that in light of all the Ponzi schemes and MLM these guys were able to convince others to invest, especially in a technology that is totally anonymous with no real way to see what is actually going on behind the scenes.

I read it thinking the created a real crypto and dumped all the currency into one account and transferred it out. I am surprised the scheme was way less sophisticated in terms of implementation.