RATE Group | Cryptocurrency Scam Hits Macau Residents
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Cryptocurrency Scam Hits Macau Residents

03 Aug Cryptocurrency Scam Hits Macau Residents

Posted at 16:21h in Cryptocurrency News by

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Cryptocurrency Scam Hits Macau Residents
Image: Cryptocurrencies, GoodFreePhotos

The owner of a Hong Kong e-sports and cryptocurrency mining company has vanished after the company allegedly defrauded Macau investors out of HK$20 million (US$2.5 million), according to a report by the Macau News Agency.

More than 70 Macau residents were allegedly deceived into investing an estimated HK$20 million (US$2.5 million) into an investment scheme from Forger Esports, an e-sports and IT supplier that got into the cryptocurrency business in late-2017.

In a press conference held in Hong Kong, disgruntled investors in a business investment scheme offered by Forger Esports accused the company of illegal practices.

During a seminar back in January, Forger Esports representatives told people present that it had established a cryptocurrency mining enter in Hong Kong named Forger CCMS that was supporting its operations and that it planned to develop 40 to 60 mining services that would generate close to HK$200,000 (US$25,400) worth of…

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