GemCoins Scam Reminds Investors All That Glitters Is Not Bitcoin


The latest unscrupulous villain to plead guilty to cryptocurrency fraud is a man from Southern California. Steve Chen lured investors out of $150mn through a fake cryptocurrency called GemCoins, supposedly backed by precious gems and amber from his companies’ mines. GemCoins Backed by Thin Air Serial entrepreneur and fraudster Steven Chen owned seven companies in total in Arcadia, California. These included U.S. Fine Investment Arts Inc. which issued a digital currency called GemCoins. The coinsRead More read more

Christina Comben