Monday, December 18, 2017

Today in Crypto: "Man Arrested After Making Over $1 Million Selling Chuck E. Cheese Tokens As 'Bitcoins'"

From Huzlers:
NEW YORK CITY – A New York man has been arrested after he reportedly made over a million dollars selling Chuck E. Cheese tokens as Bitcoins on the streets.

Marlon Jensen, 36, was arrested a Sunday morning when NYPD stormed his home. NYPD received calls from the fraud victims that someone had sold them “Bitcoins”, only to find out there actually was no tangible bitcoin currency available. NYPD found $1.1 Million of cash inside Marlons home. According to police, Marlon had scratched off most of the Chuck E. Cheese engravements on the coins, and would write “B” on each coin with permanent marker.

As many should know already, Bitcoin is a crypto currency and payment system that has recently received unprecedented popularity and value, with each bitcoin currently worth $18,950 USD. Although Bitcoin isn’t actually a tangible form of currency, that hasn’t stopped some people from successfully selling “bitcoins” to people using irrelevant gold coins, in this case Chuck E. Cheese Tokens.

“People are retarded haha”, said NYPD Officer Michael West, “My 8 year old son would know those weren’t bitcoins and lord knows he’s not the brightest”.

Marlon is currently being charged with fraud and can face up to 5 years in federal prison.....
So the cop not only slams the slow-of-wit community but throws his own kid under da bus?
For folks unfamiliar with Chuck E. Cheese here's a handy graphic via imgur:

Previously on the C.E. Cheese beat:

Deloitte Canada Turning Into Chuck E. Cheese
A more accurate, but still wildly figurative headline would be "Chuck E. Cheese passes the token torch to Deloitte."
Or something. You decide.
From Going Concern, your source for the accounting news you won't find elsewhere:...