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Former NBA player nets $825K from Ghanaian firm in alleged Bitcoin scam

Former NBA player nets $825K from Ghanaian firm in alleged Bitcoin scam

A previous American expert b-ball player has supposedly cheated over $800,000 worth of Bitcoin $BTC?0.06% from an organization situated in Ghana. 

Isaac Edward Austin, who resigned in 2004, purportedly acted like a trustee for his own Bitcoin exchanging organization and figured out how to get the Ghanaian firm to hand over $11,000 per BTC, GhanaWeb reports. 

A sum of $825,000 was moved to Austin's records, however he is yet to make any acquisition of Bitcoin for his customer. 

The previous b-ball player professed to run two Bitcoin exchanging firms, IEA and Tudor Trust. His trusts purportedly took an interest in "another digital money auto-exchanging program." 

Austin kept up contracts with the Ghanaian firm that said he would pay back ventures with extra advantages at the end of exchanging. Be that as it may, he never did and continued conceding the circumstance with powerless reasons. 

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One unfortunate casualty was cited by GhanaWeb as saying: "He [Austin] will take your Bitcoin and you will never recover your speculation or your profits. Upon the arrival of installment, he will disclose to you story after story loaded up with lies of issues why the BTC couldn't be conveyed upon the arrival of installment." 

The unfortunate casualty says Austin gave an entire pontoon of reasons including; that he'd endured a coronary episode, moved coins to an inappropriate wallet, was in lines at banks, and that banks were holding the assets. 

In spite of various endeavors at reaching Austin, the Ghanaian firm has not had the option to recuperate their speculation. Austin has likewise neglected to react to various solicitations for input from GhanaWeb. 

This isn't the first run through an individual or business has been duped by guarantees of profits on counterfeit Bitcoin ventures. 

Prior this year, a man from Jersey put $1.5 million – their life reserve funds – into a Bitcoin speculation plan and lost everything, in light of the fact that there never was any Bitcoin.

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