According to the lawsuit filed by Firestone to the court of the Kolorado district, in December a man named John Smith, who was called the ASITC representative. Smith invited a man to teach him to trade cryptocurrencies, and as part of the “training” he was allocated $ 500. On the web site of a non-functioning training center, users were offered to trade through the fake exchange of Coinbridge in Cherry Crick, which, as stated, attracted $ 10 million from 600 investors. In his complaint, Fayrstone claims that Coinbridge turned out to be a “completely false exchange”.
“Professors” from the so -called cryptocurrency school sent signals with trading instructions at a certain time. Students made transactions through their accounts in Coinbridge. According to Firestone, its initial $ 500 increased rapidly to $ 55,000, so in January it deposited another $ 50,000 on the platform. A few weeks later the investor’s balance increased to $ 2 million.
However, the enthusiasm of the trader did not last long. Due to the losing transaction, his balance was reduced to $ 12,000. Then Firestone transferred $ 470,000 to the platform and took a loan from AISTC in the amount of $ 330,000 to continue the trade. The trader noted that his balance on Coinbridge rapidly grew to $ 24.5 million, but in March the man had difficulties with the execution of the transaction in USDT stablecoins.
Firestone was said that the failure was caused by a “system error”, and the trader’s balance “evaporated”. A few days later, the unlucky trader took another $ 1 million from ASITC, “growing” his balance to $ 6.6 million. However, when he could not pay off part of the loan, on May 1, ASITC closed his account.
The man accused ASITC, Coinbridge, Smith and founder Raymond Torres (Raymond Torres) of fraud, theft and extortion. The real Coinbridge Partners in Wyming denies any connection with the alleged fraud.
A few months ago, a resident of Spain Lorenco Garcia was unable to get a return of $ 750,000 from the Spanish bank Santander, which the investor transferred through this organization cryptocurrency scammers.
Source: Bits
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