In South Korea sentenced two organizers of a financial bitcoin pyramid, deceived investors a total of 20 billion won ($20 million).

Judge, Incheon district court fined the scams for $15 million and $8 million respectively. It was noted that in 2015, the defendants have created an illegal multi-level marketing scheme, through which attracted the money of investors, ensuring high return on investment in bitcoin.

“Organization scheme based on network marketing, the risk for the socio-economic order with the mass production of a large number of victims,” said the judge.

Significant penalties awarded to the accused were given on the basis of the scale, illegally brought them victims. The head of the company who ran the investment is in the international wanted list through Interpol.

We will remind that earlier in China have been arrested suspects in the organization of the cryptocurrency pyramid schemes, fraudulently collected $13 million from 13 thousand victims. In early April, in India was arrested the Creator of the bitcoin trading platform GainBitcoin Bharadwaja Amit (Amit Bhardwaj), who is accused of fraud 8 million investors totaling $300 million.