Source
r/CryptoCurrency•
AXTurbo

"Bitcoin Pension": BTC "co-founder" Joerg Molt with a probability bordering on certainty arrested in Germany

FOCUSED-DISCUSSION

summary:

On July 1st, the German federal police were able to prevent the escape of a "suspected asset fraudster and his alleged accomplice" at Frankfurt Airport, Germany. The responsible public prosecutor's office confirmed to the editors that the arrests and the investigations are in connection with the so called 'Bitcoin Pension'. This makes it indirectly clear that the suspect must be Joerg Molt, with a probability bordering on certainty.

Molt described himself as Bitcoin "co-founder" who allegedly owns around 250,000 BTC, and appeared for several years as a Bitcoin influencer, author and speaker - while the business model of his 'Bitcoin Pension' (a weird kind of savings plan - "invest min. 0.1 BTC and get 2 - 5 BTC back after a certain time") was extremely questionable from the outset. He is accused of stealing a total of 62 Bitcoin from over 50 victims.

German org. source: https://bitcoin-kurier.de/bitcoin-pension-polizei-nimmt-betreiber-am-flughafen-fest/

Google Translator: https://translate.google.com/translate?hl=en&sl=de&tl=en&u=https%3A%2F%2Fbitcoin-kurier.de%2Fbitcoin-pension-polizei-nimmt-betreiber-am-flughafen-fest%2F

Posted Jul 7, 2021, 7:04 PM UTC

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Snowcrickets •

Rip

2
ChunkyMonkey1998•

Damn that's a lot of Satoshis if true

2
RancherosIndustriesTin•

The guy has 8 to 12 BILLION dollars and does not know how to avoid getting caught be the police?

2
AXTurboOP•

that "250k BTC" was just his unproven self-assertion ;)

1
seekret Nostraseekretus •

You don't have to have any special skillset to steal money other than having no conscious.

1
[deleted]•

Imagine allegedly having tens of billions of dollars and not being content with it, and imagine trusting someone with tens of billions of dollars to do the right thing with your money

2
[deleted]•

No joke. I have doubts that billionaires can even be good people at all let alone trust those greedy ducks with my money.

Edit, it’s never ducks auto correct

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Weresalmon420Platinum | 6 months old | QC: CC 93 | r/Economics 13•

My theory: Obviously guys a scammer, I’m sure the co founder thing and the 250k bitcoins is BS, that’s the easy part. I’m willing to bet I know what his plan was with the scam: Get these people’s Bitcoin, sell a large portion off, like half and hold the rest. If Bitcoin price crashes, buy back in the cheap and make good on the disappointing “pension” angle, if Bitcoin moons, take off with the dough. It’s like a hedge. If the price goes super low, he can pay the promised BTC back, if the price goes super high, he’s a rich fugitive. Got caught because he’s not as smart as he thinks he is.

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