2018 news about bitclub advantage

A blast from the past! BitClub Advantage was a popular cryptocurrency investment scheme that was heavily promoted on social media and online forums in 2018. Here are some news articles and updates from that time:

January 2018: BitClub Advantage was launched, promising investors a guaranteed return of 10% daily on their investments. The scheme was marketed as a "high-yield investment program" (HYIP) that would allow investors to earn passive income by investing in a cryptocurrency mining operation.

February 2018: BitClub Advantage started to gain popularity, with many investors joining the scheme and promoting it on social media. The company claimed to have a team of experienced cryptocurrency traders and miners who would manage the investments.

March 2018: The first red flags started to appear. Some investors reported difficulties in withdrawing their funds, and others complained about the lack of transparency in the company's operations.

April 2018: The US Securities and Exchange Commission (SEC) issued a warning about BitClub Advantage, stating that it was likely a Ponzi scheme. The SEC warned investors that the scheme was not registered with the agency and that there was no guarantee of returns.

May 2018: The BitClub Advantage website was taken down, and the company's social media accounts were suspended. Many investors were left with significant losses, and some reported receiving threatening messages from the company's administrators.

June 2018: The FBI launched an investigation into BitClub Advantage, and several individuals were arrested and charged with fraud. The investigation revealed that the scheme had defrauded thousands of investors out of millions of dollars.

July 2018: The SEC filed a lawsuit against BitClub Advantage and its administrators, alleging that they had engaged in a massive Ponzi scheme. The lawsuit sought to recover losses for investors and impose penalties on the defendants.

August 2018: The BitClub Advantage scheme was officially shut down, and the company's assets were frozen. The investigation and legal proceedings continued, and many investors were left to pick up the pieces and try to recover their losses.

In summary, BitClub Advantage was a cryptocurrency investment scheme that promised investors a guaranteed return of 10% daily. However, it was later revealed to be a Ponzi scheme that defrauded thousands of investors out of millions of dollars. The scheme was shut down in 2018, and several individuals were arrested and charged with fraud.