BUX COIN (https://www.buxcoins.com/blockchaintechnology.html) in list of Scam, Dead, Hacked Coins and ICOs.

CurrencyBUX COIN
DescriptionBuxcoin Updates:The Ponzi scheme claimed to have run by Mohsin Jameel was in actuality not run by mohsin at all. As of March 2019 Mohsin Jameel has left the company. He was a paid employee who took the masterminds behind this whole scam on a wild run to a tune of 5 million euros The masterminds behind this scam are former one coin promoters: Ganesh saagar and His business associate who were also part of the inner circle in another scam company Eagle gates.The total business of buxcoin was around 85 Million euros and the vast majority of it came from India, Pakistan, Africa, South east Asia and from Indian diaspora living in US, Canada, UAE and Italy. Out of the 85 million euros Ganesh saagar and his partner pocketed about 50 million euros, Mohsin Jameel 5, -about 10 million was spent on expenses and the remaining was distributed among top promoters responsible namely: Prashanth, Asif Nasser, Parmindar SinghBux never had a blockchain from day 1 and was intended to follow in the footsteps of one coin. However, tensions between the said members namely the price manipulation and keeping the price stable above 2 euros on the internal system led to the collapse of the company.The conspirators are currently hiding in the UAE , spreading false stories inorder to confuse the public into not making police complaints and are in process of disposing their assets their and waiting for secondary passports so they could leave the investors and other promoters high and dry and escape to enjoy their ill gotten gains on an island where laws are lax to fraud.They shouldn’t be allowed to escape with peoples hard earned money. Most of the investors in this project come from very poor countries who were manipulated into investing In this project!
Entry dateDec 14, 2019, 12:00:00 AM