Investment Scams

6ix9ine's New Cryptocurrency 'Dummy Coin' and Meet & Greet Offer: A Potential Scam?

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6ix9ine Dummy Coin cryptocurrency scam

Posted By  Clayton Graves
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6ix9ine Promotes 'Dummy Coin' Cryptocurrency with Meet & Greet Offer

Introduction

6ix9ine, the controversial rapper, has ventured into the cryptocurrency world with his new venture, "Dummy Coin." He is enticing fans to purchase this coin by offering a meet and greet in Romania for the first 2,000 buyers. However, given his history with alleged scams, including NFT sales that left many fans dissatisfied, this new endeavor raises red flags and potential risks for investors.


6ix9ine is currently under investigation for crypto currency investment scam as he has a past that is colorful, involving scams.


Summary of facts
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  • Defendant: 6ix9ine
    • Details: Promoted "Dummy Coin" with a meet and greet offer in Romania.
  • Crime: Fraudulent cryptocurrency investment solicitation.
  • Amount Defrauded: Unspecified; previous incidents involved $40,000 from NFT sales.
  • Method: Promoted high returns and exclusive meet and greet to attract buyers.
  • Investigation: Ongoing, based on previous fraudulent activities and legal issues.
  • Legal Issues: Involved in multiple legal battles, including asset seizure by the IRS and a judgment in favor of Alexis Salaberrios.
  • Additional Penalties: None specified yet.
  • Prosecutor's Statement: Emphasized the breach of trust by a public figure.

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Breakdown of the Timeline for this alleged scam:
  • July 12, 2024: 6ix9ine announced the launch of "Dummy Coin" via social media, promising a meet and greet for the first 2,000 buyers.
  • 2021: Incident involving a dancer in Miami led to a $9.8 million judgment against him.
  • Three years ago: Launched NFTs, resulting in dissatisfaction and allegations of a scam.
  • Recent months: IRS seized luxury cars, scheduled for auction in July 2024.
Legal Implications:
The promotion of "Dummy Coin" by 6ix9ine could lead to severe legal repercussions if found fraudulent. The history of unsatisfied customers from previous ventures, combined with ongoing legal battles, positions him precariously in the eyes of the law. Authorities might investigate this new promotion, and if found guilty, 6ix9ine could face significant fines, further asset seizures, and potential imprisonment.
Summary:

6ix9ine has launched a new cryptocurrency called "Dummy Coin," offering a meet and greet in Romania to the first 2,000 buyers. This promotion follows a series of controversial financial ventures, including a dissatisfactory NFT sale and numerous legal battles. With a significant judgment and asset seizures already against him, this new endeavor raises concerns of another potential scam. Authorities and investors are wary, considering his history and the ongoing scrutiny of his financial activities.

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Entity Related Search Terms
6ix9ine Tekashi 6ix9ine, rapper, Dummy Coin, scam
Dummy Coin cryptocurrency, 6ix9ine coin, crypto scam
Johnny Nunez Getty Images, photographer
IRS asset seizure, auction, tax fraud
Rolling Stone publication, NFT scam, interview
Alexis Salaberrios judgment, compensation, court case
Wanda Diaz domestic assault, legal proceedings
Yailin la Más Viral victim, domestic violence, allegations
Reference Source: [1] https://hiphopdx.com/news/6ix9ine-meet-greet-fans-buy-dummy-coin-cryptocurrency

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b6QRUrVdP8Q3Vtcp7fcrx5s7WTemZVDsz9L5PTXkbMw
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Only send tokens to this address on Solana Mainnet Beta (ADA)
Address:
b6QRUrVdP8Q3Vtcp7fcrx5s7WTemZVDsz9L5PTXkbMw
Only send tokens to this address on BNB Smart Chain (DOT)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
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