Fake Satoshi Nakamoto Arrested Over Bitcoin Fraud

A German entrepreneur who claimed that he is Satoshi Nakamoto and he is the real founder of Bitcoin. German police arrested this guy over $2.14 million of Bitcoin fraud.

A 48 year old person from Germany claimed that he is the real Satoshi Nakamoto. His name is Jorg Molt and known as a German entrepreneur. He started “Satoshi School,” to mislead people.

This guy always tried to convince people to believe in his Investment project for better results. He tried to show many people that he has lots of Bitcoin and mining hardware and also have better Investment plans that can make people a very rich. And also he got lots of success in his fraud activities because of huge followings on social media.

According to reports, his plan was to get Investment people and then use a 60% fund to buy mining hardware to get passive income on a daily basis. And the rest of Bitcoin he stored in his wallet for the worst situation in his plan.

This case came into investigation when he closed his doors of Bitcoin Fraud activity plans in 2020. Many people reported this scammer, then German police decided to investigate and  take action against him.

In the whole investigation, it is found that he collected a total of 1.8 million euros for his Investment platform named  ” Bitcoin Pension”. 

This scammer was ready to move in South America through a flight but before a few minutes he got catched by  Bavarian police at Frankfurt Airport.

Also it is found that there is one woman involved to support & help this scammer. The Woman is also a German citizen and her age is a year old. German police started theru investigation against that lady also.

This is not the first time someone did fraud by using the name ” Satoshi Nakamoto”. There are many cases where fraudsters catched by police and investigation authorities for their fraud & proclaim the statement to be Satoshi Nakamoto.

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