The directors behind the global crypto Ponzi scheme Airbit Club have pleaded guilty to money laundering and deceiving investors, causing hundreds of millions of dollars in losses.
In turn, the co-founders of Airbit Club, Pablo Renato Rodriguez, Gutemberg Dos Santos, Cecilia Millan, Karina Chairez and Jackie Aguilar have admitted to a series of their crimes from October 2021 to present, including:
- Conspiracy to commit wire transfer fraud;
- Conspiracy to launder money;
- Bank fraud scheme.
Airbit Club was established abroad, emerging with seminars introducing investment opportunities in the “Airbit” currency in the world such as the US, China, Brazil… To invest in the project, users just need to Set up an account on the internal system of a foreign website, directly transfer money without transaction invoices and cannot withdraw money.
At that time, with the trick of paying direct and indirect commissions to each person in the next networks, then counting both principal and interest and the commissions received from the downline, participants could earn the maximum from 500 USD/day to 10,000 USD/day. Therefore, many people have tried to expand the system, even to remote areas to invite friends and relatives to join.
Instead of fulfilling the “promise of profit” outlined for investors, the defendants stole about 100 million USD and splurged the money on “car building” as well as other personal purposes. To date, although no formal sentences have been handed down, individuals can face up to 70 years in prison.
Many forms of multi-level transformation, sophisticated disguise are increasingly blooming everywhere to “trap” but still attract thousands of participants. Setting up a website to contribute money and calling for participants to enjoy commissions, exhorting financial contributions at high interest rates… are motifs often used by criminals. Recently, the SEC ordered to freeze the assets of the investment fund “disguised” as a multi-level conspiracy to transform BKCoin.
Synthetic Kyptos
