Greek Soldiers Among Alleged Leaders of $8M Crypto Pyramid Scheme
In briefNine suspects, including two servicemen accused of leadership roles, were due before an investigating magistrate in northern Greece on Monday.Police put the alleged proceeds at about $8 million from around 10,000 investors.Entry started at €800, with so-called VIP investors asked for €5,000 on a promise their money would double. Two Greek servicemen are among nine suspects accused of running a cryptocurrency pyramid scheme that took in about $8 million from roughly 10,000 investors, the Athens daily To Vima reported. The nine were due to give statements to an investigating magistrate on Monday. Police have arrested 17 people over the alleged organization, which prosecutors say operated as a pyramid scheme and pushed investors into cryptocurrencies through a platform it controlled. None of the allegations has been tested in court, and the figures come from police sources rather than a charging document. Myriad: How high will Bitcoin go? Click to make your prediction. The recruiting vehicle, on the papers account, was a local civic group. A 44-year-old who led the Association of Artificial Intelligence Friends in Katerini was remanded in custody after the magistrate and prosecutor were unconvinced by his account. Six others from the first group of seven arrested were released under restrictive conditions









