Scam businesses using Bitcoin are many and the criminals using the asset are the ones who are responsable to use the Bitcoin for that purpose not the coin...the coin is there to be used for good and that bad behavior should be punished and clear the Bitcoin name.
Isaac Edward Austin Ex-NBA player career lasted between 1991 and 2002 and played for NBA Teams like Utah Jazz,Miami Heat,LA Clippers,Orlando Magic and Washington Wizards also played for Turkish and Chinese basketball Teams is allegedly involved in a Scam of near 1 Million Dollars.
Accordingly with the Ghanaian Company who is accusing him,the retired player convinced the representative for the Firm to transfer to his wallet 75 BTC ,at a time valued at US $11,000.00, to invest in his 2 companies IEA and Tudor Trust that would realize automatic investments in Bitcoin but that was not done and Austin took the amount for Him and didn't fulfilled his promises.
Austin lied to the company and no return in the investment was made and for weeks he gave excuses why the transaction was never concluded until the Firm discovered that the amount was cashed out.
Since then,they have tried to contact Austin but with no success until now and they have given Him 48 hours to Sol the case or they will take the case to the court to get they Investment back and this announce was made by a company communicate. This is not the first time scams like this happen,this year also a Man in Jersey,USA, Gave 1,500.000.00 to a supposed Crypto trader to apply in an investment and that money was never recovered and the money lost all his Savings to the Fraudster.
This case is notable because is from a former super star for NBA but many other cases happening in the crypto space where fraudsters and criminals use the name of Bitcoin to Lure people and make their lose their money... it's necessary to always be alert and make research before doing anykind of investment online or offline,to not fall into Scams that are all over the world.
