Another ponzi scheme just emanated hiding its identity as a national cryptocurrency. It called Turcoin, the self-acclaimed turkey national cryptocurrency.
One of the shareholders, by name Muhammed Satiroğlu told the media in a conversation that the company has no single cash in the bank.
The self-acclaimed turkey’s national cryptocurrency has its partners as Muhammed Satiroğlu and Sadun Kaye, it was launched in 2017 in Istanbul. Muhammed reported the criminal act after the company stopped paying out to investors in early June 2018.
While Satiroğlu claimed that he was only a mediator who owns just 49% of the company’s shares, he accused Kaye of running away with a total of 100 million Lira ($21 million). The company has promised to become Turkey’s cryptocurrency upon its launch, luring and deceiving investors with celebrities being given luxury cars, some of which have been verified to be borrowed.