The District Public Prosecutor’s Office in Warsaw has confirmed a criminal investigation into the DasCoin Ponzi scheme.

The announcement was made following a tip from consumer advocacy group Trading Jam, who alerted the Prosecutors to possible violations of Poland’s Criminal Code.

The letter received by Trading Jam from the Prosecutor’s Office reads (auto-translated);

The district prosecutor in Warsaw on September 21, 2018 has been investigating under the reference number PO III DS 176.2018 regarding bringing in from September 2016.

Throughout the country, a number of people are disadvantaged by the sale of goods via sales through a website (netleaders).

License for the purchase of a number of products and services offered under the DasEcosystem system, including the extraction of cryptocurrency called DasCoin.

Specifically, Public Prosecutors are seeking to establish whether DasCoin operates in Poland in violation of Art. 286. § 1 (auto-translated);

(A party) who, in order to gain financial gain, leads another person to an unfavorable regulation by their own or someone else’s property by means of misleading or exploiting a mistake or inability to properly understand the action taken.

(This) is punishable by imprisonment of from 6 months to 8 years.

Last year in August, Trading Jam’s enquiries resulted in a parliamentary enquiry acknowledging an investigation into DasCoin.

DasCoin was also named in a December 2017 end of year warning issued by Poland’s Office of Competition and Consumer Protection.

DasCoin is primarily promoted through the MLM company Net Leaders (formerly Coin Leaders).

DasCoin itself began as a OneCoin Ponzi points clone around mid 2016. A few months ago DasCoin points were converted into a stand-alone altcoin.

Today DasCoin is listed on a handful of exchanges at a value of 2.9 cents, down from a pump of around 21 cents in late June.

Outside of speculative investment and ROIs paid through Net Leaders, DasCoin serves no practical purpose on its own.


N.B. The Public Prosecutor’s Office’s letter to Trading Jam contains a typo with respect to Net Leaders website address (“natleaders”).