Investors Petition for the extradition of Sky Mining CEO accused of Crypto Mining Scam



Nearly a thousand people have signed a petition for the extradition of Leh Minh Tam, the chief executive of Sky Mining, a cryptocurrency mining company based in Ho Chi Minh City. Signatories call for the deportation of Tam from the United States following allegations that he fled after having defrauded investors of $ 36 million


Investors intensify efforts to solve their problems

According to a report VnExpress the appeal was published on Change.org at the start of this week. More than 920 signatures were collected for the online petition in three days.

This is not the first attempt Sky Mining investors have made to recover their money. When the news of the potential scam broke out last month, individual cases were filed against Sky Mining and Leh Minh Tam.

A group of 20 investors also registered the issue as a case of fraud with the Vietnamese police.

This latest petition was presented to 7 authorities including German Chancellor Angela Merkel, Donald Trump and the United Nations.

Identifies both Le Minh Tam and Le Minh Hieu, vice president of Sky Mining as "Vietnamese cheats" and accuses them of escaping with money raised by about 5,000 people.

His petitioners demand that the duo be expelled from Germany and the United States and returned to Vietnam to "solve the problem".

the petition also claims that the victims of the alleged fraud were not only from Vietnam, but also from countries like Japan and Africa. The petition states that some of the victims have sold other assets to invest in Sky Mining.

C & # 39 is also the word of an investor who committed suicide in the wake of the scam.

 This is not the first attempt Sky Mining investors have made to recover their money. When the news of the potential scam broke out last month, individual cases were filed against Sky Mining and Leh Minh Tam.

A cryptocurrency mining company with unrealistic promises

Sky Mining attracted thousands of investors between March and July 2018 to investors the opportunity to buy in its cryptocurrency mines.

Sky Mining claimed that it was operating drilling rigs from 26 locations in Vietnam. Investors have invested millions of dollars in the company, buying a series of mining contracts ranging from $ 100 to $ 5,000

In a case similar to other mining scams, these were sold with promises of huge profits that guaranteed returns on the main investments within a short space of time. Investors were also offered commissions for referrals that led other investors to join the company.

However, the guarantees given to investors did not take into account the growing difficulty of the mining sector, which affects the ability to generate consistently high returns through the extraction of cryptocurrencies. 19659004] Leh Minh Tam eventually escaped from the country and apologized, through Facebook, with investors for his actions. He declared that he would remain hidden to protect his life.

 Leh Minh Tam eventually escaped from the country and apologized, through Facebook, with investors for his actions. He declared that he would remain hidden to protect his life.

The details of the Sky Mining case paint a very convincing picture of an injustice that requires global attention, but a resolution may prove difficult.

According to reports, Vietnam does not have an extradition treaty with the United States and despite their popularity in the country, cryptocurrencies are not recognized in the Asian country.

Do you think the United States should extend some kind of support to those affected by the Sky Mining incident? Let us know what you think in the comments below.


Image courtesy of Shutterstock


Source link