Austrian Bitcoin Scam

An alleged scam involving investments in bitcoin in Austria has reportedly affected over ten thousand investors in the country and around Europe. Details are emerging about an Austrian investment scheme, dubbed “Optioment”, where its operators have reportedly stolen some 12,000 bitcoins (approx. $116 million in current prices) from over 10,000 victims invested in the scheme. The scheme ran a website, now offline, claiming to be a ‘premier global Bitcoin investment product’ stemming from a ‘private Costa Rica-based bitcoin fund’. The scheme also claimed to have its ‘investment’ platform backed by assets over 35,000 BTC. A Die Presse report reveals investors were lured by the promise of soaring returns of 1.5%-4% per week on their deposited bitcoins. Investors were also rewarded for bringing new users into the fold. “OPTIOMENT pays you Bitcoins when you share it with your friends and business colleagues,” an excerpt from the now-defunct website, available on the Internet Archive. ‘Our unlevel compensation plan’s first level pays you 7%, second level 4%, third level 3% and way more. And it pays you everytime a member in your downline makes a deposit, not only for the first time but for every time. Active and Passive!’


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