News for hackers. Stuff that matters.

A comment on BitConnect Closes Exchange as States Warn of Unregulated Sales. Parent comment

Re:BitConnect Closes Exchange as States Warn of Unregulated ... by Nursie on Wednesday January 17, 2018 @06:37AM (#16167106)
In the UK it's likely that you should talk to Action Fraud, a Police-run service - https://www.actionfraud.police.uk/fraud_protection/ponzi_sch...

And/Or contact the Financial Conduct Authourity.

Pyramid and Ponzi schemes are illegal here too AFAICT.

[ Parent | on HN ]
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by celticninja on Wednesday January 17, 2018 @06:46AM (#16167154)
Yes this is correct, further the company was registered under 3 different names with companies House in the UK.
[ Parent | on HN ]
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by arethuza on Wednesday January 17, 2018 @06:57AM (#16167200)
Doesn't that just mean 3 different companies? It's not actually unusual for what you might think of as a single company actually to be a group of companies - e.g. a holding company and a set of subsidiaries.
[ Parent | on HN ]
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by celticninja on Wednesday January 17, 2018 @09:04AM (#16167924)
That's didn't seem to be the case, they looked like similarly named but distinctly different.
[ Parent | on HN ]