CEO of Crypto Mining Company in Vietnam disappears $ 35 million in investor financing

2018-7-31 11:48

This time we have a news coming from Vietnam as the CEO of a crypto-mining firm Sky Mining is said to have alleged fled away taking $35 million of investor and company funds, reports local media publication VNExpress.
The publication notes that Le Minh Tam, head of Sky Mining, has been missing from his office since the 26th of July, last week.
Sky Mining is said to have received funds from nearly 5000 individuals after the firm claimed to rent crypto miners to investors for anywhere between $100-$5000.
Each investor was promised a 300 percent return form their miners and were allowed to keep the machines for a period of 15-18 months.
Currently, models such as Sky Mining is completely out of the legal field, so when the trouble will be difficult to legally.”

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