RATE Group | Former NBA player nets $825K from Ghanaian firm in alleged Bitcoin scam
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Former NBA player nets $825K from Ghanaian firm in alleged Bitcoin scam

21 Oct Former NBA player nets $825K from Ghanaian firm in alleged Bitcoin scam

Posted at 17:08h in Bitcoin News by

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A former American professional basketball player has allegedly swindled over $800,000 worth of Bitcoin BTC from a company based in Ghana.

Isaac Edward Austin, who retired in 2004, reportedly posed as a trustee for his own Bitcoin trading company and managed to get the Ghanaian firm to hand over $11,000 per BTC, GhanaWeb reports.

A total of $825,000 was transferred to Austin’s accounts, but he is yet to make any purchases of Bitcoin on behalf of his client.

The former basketball player claimed to be running two Bitcoin trading firms, IEA and Tudor Trust. His trusts purportedly participated in a “new cryptocurrency auto-trading program.”

Austin maintained contracts with the Ghanaian firm that said he would pay back investments with additional benefits at the close of trading. However, he never did and kept deferring the situation with weak excuses.

One victim was quoted by GhanaWeb as saying: “He [Austin] will take…

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