South China Morning Post

PP Blog Tag archives on references to "South China Morning Post."

Purportedly Based In Hong Kong And Offering Equity Positions, ‘MyCoin’ Bitcoin Exchange Reportedly Goes Missing; Hundreds Of Millions Of Dollars May Be At Stake

Purportedly Based In Hong Kong And Offering Equity Positions, 'MyCoin' Bitcoin Exchange Reportedly Goes Missing; Hundreds Of Millions Of Dollars May Be At Stake

“MyCoin’s” bitcoin exchange might have operated as a “pyramid-style Ponzi scheme packaged as bitcoin trading,” potential victims plan to tell Hong Kong authorities Wednesday, the South China Morning Post is reporting. The news comes as bitcoin-themed schemes or “programs” that claim to accept bitcoin appear on Ponzi boards such as MoneyMakerGroup, raising continuing questions about […]

SOUTH CHINA MORNING POST: American Among 5 Detained In Hong Kong Pyramid-Scheme Investigation; Unidentified Firm Said To Promote ‘Cloud-Based’ Internet Apps And To Have Gathered Nearly $100 Million

SOUTH CHINA MORNING POST: American Among 5 Detained In Hong Kong Pyramid-Scheme Investigation; Unidentified Firm Said To Promote 'Cloud-Based' Internet Apps And To Have Gathered Nearly $100 Million

FLASH: The South China Morning Post is reporting that an American and four others have been detained in a pyramid-scheme investigation involving HK$750 million (about U.S. $96.7 million). The publication did not identify the detainees. Nor did it identify the company, which is said to promote “cloud-based internet productivity and communications applications” and to be […]