Crypto Scam! Koolanoo Social Media Founder And His Gang Arrested By Police

Crypto Ponzi Scheme (MuscleGeek)

JAKARTA – Crypto ponzi schemes are increasingly widespread in the midst of hectic cryptocurrency investments. Recently, the founder of social media Koolanoo Guy Grinberg along with 25 other people were arrested by the police for crypto fraud. The arrests were made by a joint Israeli police and Federal Bureau of Investigation (FBI).

According to a report by The Times of Israel, Guy Grinberg, the founder of China-based Koolanoo, was brought before a Tel Aviv Magistrate's court for a detention hearing last week.

Grinberg and his gang have been accused of fraud and money laundering related to digital forex and crypto trading. The authorities revealed that the fraudulent scheme carried out by Grinberg cs targeted foreign nationals. From this action, they managed to get away with millions of dollars belonging to the victim.

However, most of the perpetrators arrested revealed that they did not feel involved in any fraudulent activities. The perpetrators only know that they work in a company that promises high salaries.

According to Guy Grinberg's profile on LinkedIn, he is a Business Development Project Manager at an unnamed forex company. In that profile he started working in a forex company since 2015 until now.

The Times of Israel mentioned that Grinberg used the platform to find potential investors in cryptocurrencies and CFDs (Contract for difference). Authorities revealed that the arrests were part of a coordinated simultaneous operation by several law enforcement agencies around the world to arrest individuals involved in financial crimes.

The FBI confirmed to The Times of Israel that it was working with a number of police from various countries including the Ukrainian National Police to conduct investigations.