
Dutch Mastermind of Crypto Ponzi Scheme Sentenced in Singapore.
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.