Tag: Wang Xinhong

Dutch Mastermind of Crypto Ponzi Scheme Sentenced in Singapore.

Court Cases tamir - August 27, 2024

Yang Bin admitted to incorporating and running a company that purportedly owned 300,000 machines that could mine cryptocurrency and generate enough revenue to give investors daily returns of 0.5%. The leader behind a multi-million-dollar crypto Ponzi scheme has been sentenced to six years in prison and fined S$16,000 in Singapore. Forbes listed Yang as the second-richest man in China in 2001.

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