{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=South+Korean+crypto+Ponzi+scheme+claims+over+%243.6+billion&text=An+alleged+Ponzi+scheme+in+South+Korea+is+currently+under+investigation+by+the+police%2C+but+investors+are+still+holding+out+hopes+of+profit.&text=Investigations+of+an+alleged+Ponzi+scheme+in+South+Korea+are+currently+underway%2C+but+%27investors%27+%28or+victims%29+are+reported+to+be+hindering+the+progress.+Still+believing+that+the+project+is+legitimate%2C+those+involved+in+the+%243.6+billion+USD+scheme+are+holding+out+in+hopes+of+profiting+from+their+investment+and+unwilling+to+aid+the+investigation.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.investing.com%2Fnews%2Fcryptocurrency-news%2F130-victims-sue-v-global-exchange-of-fraud-worth-35-billion-2524357%22%3EAs+reported%3C%2Fa%3E%2C%C2%A0+Korean+law+firm+Daegon+representing+130%C2%A0+victims+filed+a+complaint+against+V+Global+and+the+team+heading+it+up.%0AAs+part+of+the+investigation%2C+the+Gyeonggi+Nambu+Police+Agency+is+looking+into+the+cryptocurrency+platform%2C+V+Global%2C+after+suspicions+that+the+company+is+a+Ponzi+scheme+that+has+reportedly+defrauded+nearly+70%2C000+people+from+nearly+%243.6+billion+UD+%284+trillion+won%29.+The+company+offered+premises+to+investors+that+it+would+be+able+to+help+them+see+triple+the+return+on+their+investment.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAs+a+defence+and+to+keep+investors+on+its+side%2C+the+company+put+up+a+notice+on+its+website%2C+claiming+that+the+suggestion+is+%22false%22+and+that+it+has+filed+a+complaint+with+the+regional+police+for+defamation+and+%22%3Cem%3Eobstruction+of+business%E2%80%9D%3C%2Fem%3E.+In+response%2C+some+of+the+victims+are+refusing+to+talk+with+the+police+and+are+opting+against+reporting+the+case.+As+reported+by+local+media+site%C2%A0%3Ca+href%3D%22https%3A%2F%2Fkoreajoongangdaily.joins.com%2F2021%2F06%2F08%2Fnational%2FsocialAffairs%2Fcryptocurrency-ponzi-scheme-4-trillion-won-69000-victims%2F20210608135800295.html%22+target%3D%22_blank%22+rel%3D%22noopener+nofollow+noreferrer%22%3EJoongAng+Daily%2C%3C%2Fa%3E+this+is+problematic+for+the+police+investigation+and+hinders+the+progress+of+the+case.%0A%3Ch2%3EThe+elderly+-+new+to+crypto+-+victims+of+the+scheme%3C%2Fh2%3E%0AAs+per+the+report%2C+a+man+told+his+mother+to+report+the+case%2C+but+%22%3Cem%3Eshe+thinks+she+can+get+the+money+back%2C+three+times+the+amount+she+has+invested%2C+just+like+the+group+has+promised+her.+So+she+is+refusing+to+report+them.+And+I+think+she%E2%80%99s+not+alone+among+the+victims+%E2%80%94+I+heard+many+of+them+were+elderly+people+who+are+new+to+the+concept+of+cryptocurrency.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AThe+company+plays+into+this%2C+telling+vulnerable+investors+implying+they+should+not+report+to+the+police+and+that+they+should+see+what+the+outcome+is.+As+another+concerned+family+member+wrote%3A+%22%3Cem%3EA+few+days+ago%2C+on+June+2%2C+they+sent+%5Bmy+mother%5D+a+text+message+alleging+that+no+one+in+the+company+is+being+investigated+by+the+police.+They+keep+telling+the+investors+to+wait+and+see%2C+to+prevent+them+from+reporting+them+to+the+police.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%3Cdiv+class%3D%22article-subscription-widget__form%22%3EPonzi+schemes+are+not+new+to+crypto+and+seeking+the+funds+of+vulnerable+investors+who+are+likely+to+believe+in+the+project+is+not+unfamiliar+in+the+space.+As+the+caution+remains%2C+before+sending+your+money+to+a+project%2C+make+sure+you+do+research+and+focus+on+whether+it+has+future+profitability+and+use-case.%3C%2Fdiv%3E","timeout":15}