Bitcoin : Bitcoin ‘Pope’ sued for 2 cryptocurrency scams

US justice is investigating two new scams involving cryptocurrency. Two individuals are implicated, including Darwin Eric Balusek, alias the “Pope of Bitcoin”. They face up to 10 years in prison.

An 11% return with deposits of up to $ 1 million. Is the promise enticing? Sufficient in any case to arouse the interest of a certain number of investors in the world of cryptocurrencies.

Forex Birds and PEK Universe, however, are said to be based on fraudulent models. A US securities regulator, the Texas State Securities Board (TSSB), calls these two systems targeting investors scams, scams.

Attractive cryptocurrency investments

Authorities have issued an order to urgently end Forex Birds and PEK Universe. The operators of these fraudulent actions are said to be two men: Kumar Babu Bondesi and Darwin Eric Balusek.

The identity of one of them attracts particular attention. Darwin Eric Balusek indeed presents himself under the pseudonym of “Pope of Bitcoin”. But obviously, no need to hope for a sermon of truth from him.

Operating from abroad, the Pope and his alleged accomplice are accused of fraudulent offers of securities related to foreign exchange (forex) and crypto-currencies. Forex Birds promises rates of return of up to 11%.

The company also claims, in order to abuse investors, to hold authorizations from various financial control bodies. As for Pek Universe, it targets more specifically the field of crypto-assets. Its promise: juicy daily profits.

As CoinTelegraph notes, Bitcoin Pope or not, suspects face up to $ 10,000 in fines and / or two to 10 in jail. They have until September 31 to present their defense to the US regulator.

Despite this questioning, the websites of Forex Birds and Pek Universe remain to this day still accessible. Investors must therefore stay away from these investment offers.