Wednesday, 8 January 2020

Directors of bogus Ugandan cryptocurrency startup charged after 4,000 investor complaints


After appearing in court this week, the full impact of a Uganda-based cryptocurrency scam is starting to reveal itself. Following its collapse last year, Ugandan police have logged 4,000 complaints against cryptocurrency startup Dunamiscoins Resources Ltd. Two directors of the company, Samson Lwanga and Mary Nabunya, appeared in court on Monday this week. They were charged with 65 counts of obtaining money under false pretense and conspiracy to commit a felony, The Observer reports. Prosecutors allege the pair operated their illicit cryptocurrency-based scam between February 14, 2018 and December 3, 2019. According to the report, Lwanga and Nabunya managed to…

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