RATE Group | Hawaiian Woman Invests 401K Into Crypto Mining Ponzi Scheme, Hit With Restraining Order
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Hawaiian Woman Invests 401K Into Crypto Mining Ponzi Scheme, Hit With Restraining Order

Hawaiian Woman Invests 401K Into Crypto Mining Ponzi Scheme, Hit With Restraining Order

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A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme.

And while the woman is clearly the victim, she’s been hit with a temporary restraining order for voicing her concerns and attempting to retrieve the money that was stolen from her by scammers.

Investor Loses 401K Savings to Bitcoin Mining Ponzi Scheme

An investor based in Waipahu, Hawaii who cashed out half of the money in her 401k retirement fund to invest in two different Bitcoin mining operations, is now out more than $60,000 as a result of an investment scam.

Related Reading | Why This Developer of the Controversial HEX Cryptocurrency – Accused of Scam – Left

The woman claims that she made over a $60,000 investment into BitClub Network and USI Tech – two firms with ties to Bitcoin mining. These businesses claim that they used specialized computers designed to mine for the crypto asset, but instead were simply taking the from new…

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