This Alleged Bitcoin Scam Looked a Lot Like a Pyramid Scheme

This Alleged Bitcoin Scam Looked a Lot Like a Pyramid Scheme

The world of cryptocurrency has no shortage of imaginary investment products. Fake coins. Fake blockchain services. Fake cryptocurrency exchanges. Now five men behind a company called BitClub Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment.