MyCryptoWorld under criminal investigation in Switzerland
Authorities in Switzerland have announced My Crypto World and several related persons of interest are under criminal investigation.
The My Crypto World investigation is being headed up by the Soluthurn Police Department.
The canton of Solothurn is a state equivalent in northwest Switzerland.
The Solothurn Police Department are investigating MyCryptoWorld, Infinity Economics and WeGoCrypto.
BehindMLM reviewed MyCrytptoWorld late 2016.
As per our review, MyCryptoWorld affiliates invested in worthless MyCryptoWorld tokens on the representation the tokens would increase in value.
In typical MLM Ponzi fashion, early investors were able to cash out subsequently invested funds until the scheme collapsed.
Infinity Economics and WeGoCrypto don’t appear to be MLM related – although the business models are similar to MyCryptoWorld.
Infinity Economics offers investment in their XIN tokens. We Go Crypto was an arbitrage trading crypto Ponzi scheme.
Infinity Economics’ website is still operational. Alexa traffic rankings for Infinity Economics’ website show an overall decline, with Turkey being the only country of interest.
We Go Crypto launched in mid 2017 and appears to have collapsed in late 2018.
Persons of interest in the Solothurn Police Department investigation include Norbert Schmid, Dennis Nowak, Stefan Kneller, Michael Schaupp, Eva Maria Spanlang and Cornelia Gasser.
The roles of these individuals within MyCryptoWorld, Infinity Economics and WeGoCrypto are not disclosed. One can safely assume though that they are either admins or promoters.
Charges related to money laundering are being considered by Solothurn Public Prosecutors.
Victims of MyCryptoWorld, Infinity Economics and WeGoCrypto are being asked to complete a questionnaire, so as to assist authorities with their investigation and criminal case.
Evidence being collected by the Solothurn Police Department include any related email correspondence, incriminating communications from the companies or individuals in question, tax statements and bank statements.
Victims have until June 19th to submit the questionnaire and any supporting documentation.
Details of the Solothurn criminal investigation are provided courtesy of The Financial Telegram.
N.B. I tried to independently verify the criminal investigation via the Solothurn Police Department website but came up blank.
I’m putting it down to a language-barrier.
The Financial Telegram report provides a copy of both a Solothurn Police Department press-release and the accompanying questionnaire – which is enough to convince me proceedings are real.