Former pro cyclist steals 24 million in major crypto scam
Stijn Vanstraelen: From Pro Cyclist to Crypto Fraud Suspect
Stijn Vanstraelen, once celebrated as a pro cyclist from Belgium, is now under intense scrutiny for his alleged involvement in a major cryptocurrency fraud scheme. Vanstraelen, who found fame on the cycling tracks, has now become infamous for his association with various questionable cryptocurrency ventures, including Ormeus Coin, NanoCoin, and Crypto888.
Vanstraelen's transition from the world of professional sports to cryptocurrency was initially seen as a natural shift, leveraging his public image to gain trust and investments. However, as investigations have unfolded, it appears his involvement with these digital currencies may have been less about pioneering financial technology and more about orchestrating a sophisticated fraud.
The Crypto Ventures: Ormeus Coin, NanoCoin, Crypto888
Ormeus Coin, NanoCoin, and Crypto888 are among the cryptocurrencies linked to Vanstraelen. These coins promised substantial returns to investors, luring many into what seemed to be lucrative opportunities. Ormeus Coin, for instance, was marketed as a digital currency backed by mining operations generating over $250,000 per month. However, reports indicate that the actual mining operations and returns were grossly exaggerated.
NanoCoin and Crypto888 followed similar patterns, promoting high yields and leveraging aggressive marketing tactics. These ventures attracted significant investment, particularly from individuals less familiar with the intricacies of cryptocurrency. Vanstraelen's role was reportedly central in these operations, using his influence to gain the trust of potential investors.
The Allegations of Fraud
Authorities have accused Vanstraelen of orchestrating a scheme that defrauded investors out of millions of euros. The promised returns never materialized, and many investors found themselves with worthless digital tokens. Investigators believe that Vanstraelen and his associates manipulated the perceived value of these cryptocurrencies to attract more investors while pocketing the invested funds.
The scope of the alleged fraud is vast, with victims spread across Europe, including a significant number in Spain, particularly along the Costa Blanca. This region has a large expatriate community, many of whom were reportedly targeted due to their relative affluence and limited understanding of cryptocurrency.
The Luxurious Lifestyle on Costa Blanca
As the investigation continues, Vanstraelen's luxurious lifestyle in the Spanish Costa Blanca has come under the spotlight. Known for its stunning beaches and upscale living, the Costa Blanca has been a haven for the affluent, including Vanstraelen. He is reported to have resided in a lavish villa, enjoying the trappings of wealth that starkly contrast with the losses faced by his alleged victims.
Vanstraelen's lifestyle included high-end cars, expensive dining, and exclusive events, painting a picture of a man far removed from his days of grueling cycling competitions. This opulent living, funded by the suspected fraudulent schemes, has only intensified the outrage among those who fell prey to the scam.
The Ongoing Investigation
Authorities in multiple countries are collaborating to unravel the extent of Vanstraelen's activities and recover the defrauded funds. The complexity of the case, involving digital currencies and cross-border transactions, poses significant challenges. However, law enforcement agencies are committed to bringing those responsible to justice and providing some restitution to the victims.
As the investigation proceeds, the once-respected cyclist's reputation continues to crumble. The tale of Stijn Vanstraelen serves as a cautionary story about the dark side of cryptocurrency investment and the vulnerabilities that even experienced individuals can exploit. For the victims along the Costa Blanca and beyond, the hope remains that justice will eventually prevail and that such a betrayal of trust will not go unpunished.
Sincerely,
Pele23
So many scams.
Posted using LasseCash
@lasseehlers, you've been promoting some of the biggest scams in crypto. You even tried to scam the Hive DHF proposal system twice.
If you think there are too many scams then be the change you want to see.
I never promoted any scams and I never tried to scam anyone my whole life, you must be very stupid, which the world already knows from your countless of stupid attacks with no ground in reality.
Titan X and XEN might be some of the biggest winners in this bull run and I got BILLIONS of both, MANY BILLIONS. How much you got? ZERO, I repeat ZERO.
In case you dont know what that means, let me tell you, that IF XEN and TITAN X does to a dollar, as an example, I am a MULTI BILLIONAIRE in dollars and at the same time you remain a broke pleb in your mothers basement.
Good luck with that.
You've been promote Richard Heart (a.k.a. "Spam King") and XEN.
You tried scamming the Hive blockchain twice with DHF proposals. Being a failed scammer is still being a scammer.
The total circulating supply of Titan X is 49.40 TRILLION and XEN is currently over 116 TRILLION. Again, you don't need to keep proving that you have no idea what supply and demand economics is. We already know you are an idiot when it comes to economics, crypto and fiat.
I'd try to teach you some economics but clearly whoever tried first wasted a huge amount of time and they were most likely a better teacher than I would be.
I understand how your fantasy works. It's like when Richard Heart pumped his shitcoin and rugged you idiots. You still think you have a 10,000x gain but you have shit down -99%.
If you are going to lecture me "crypto expert" maybe tell me how either shitcoin gets to a dollar
So yes I still recommend HEX, PULSE, PULSEX, INC token, XEN and Titan X as possibly some of the best investments in history.
Yes Hex did 10000X in 2 years and if you timed that you would have had mad gains, whats the problem? Cant handle the volatility? Are you a chicken? The volatility in price is the price you pay for being in the highest appreciating asset in human history, every cryptocurrency expert know this.
Also in case you missed that about me (my whole history is stored forever in the Hive Blockchain), I have a masters degree in economics from one of the best Universities in the whole world, Copenhagen University. I am one that pride myself on free market information, so I also educated myself in free market economics since more than 20 years back, so yes I think I know more than you about free market economics.
Now let me explain why its possible for Xen and Titan X to go to one dollar. Titan X is an ecosystem whereas many new products is build on top on Titan X, all of them burn Titan X in various ways. Thats why the supply is expected to go down and the token to be scares in the future. Now I dont know if this will happen or not, but thats the idea.
Xen is different. Jack Levin is building X1 and in order to get those tokens one needs to burn XEN. That is why the supply is expected to go down a lot. Time will tell.
Yes those 7 products are the ones I recommend for free and invest in myself (LasseCash included). Now I believe they are the best options to making the most money in the whole cryptocurrency market, since you believe you are smarter than me, then tell me which products you recommend and why. Idiot!
@weedbook learned his lesson by following your investment advice. What's your excuse for not realizing you don't know what the Hell you are all about when it comes to shitcoins?
No, that would be bitcoin. You know, the crypto with the first mover advantage. If LasseCash getting into VSC just because it wants to brag about first mover advantage and no other reason then you have to accept your own logic that bitcoin is a better investment.
The only person who did that was Richard "Spam King" Heart and maybe a few of his influencer friends complicit in the rugpull.
Assuming that's true there are creation scientists with master's degree that don't accept evolution theory and incompetent lawyers that pass the bar. What's your point? Is it that you graduated in the bottom of your class?
If your "whole history" is on the Hive blockchain then I hope you went the thesis track to get your degree and posted your thesis on Hive. I can't seem to find it as an ebook on the Hivelist store. If you did write a thesis then can I get a copy? Considering how you never seem to hyphenate the word "anarcho-capitalist" and in your story about going to some library to get material about anarcho-capitalism and gave up when they had nothing rather than asking the reference desk if anything was available through the interlibrary program; I would love to see what a researched thesis on free market you wrote looks like. Your economic thesis would probably be more fun to read than Kent Hovind's dissertation.
Part two reply coming soon...
Well the technology of blockchain came with Bitcoin, but other than that Bitcoin is outdated technology, it pollute a lot (like a country like Sweden or Finland), is slow and expensive to move. Whereas DPOS almost have no pollution and with Hive and LasseCash there is no fee and 3 seconds transaction.
To me its stupid to watch all the Bitcoin maximalists.
I dont think LasseCash will be the first to migrate to Virtual Smart Chain, its a higher priority that the tokenomics gets the best we can do, to create the best freedom figther social media on the blockchain ever.
I dismissed most of what we learned in University, I wrote a thesis on peer to peer lending in 2010, I found Bitcoin in April 2013 and quickly dismissed the idea of peer to peer lending. The thesis can be found in the University library, you can go there if you want to read it. I wrote my story on the blockchain, I dont care about this thesis anymore.
The rest you write I have no comments to.
Oh, this ought to be good. Popcorn and soda standing by.
That's it? You have a master's degree and that's how you decided to invest? Really?
O.K. So let's take your reason and replace the word "Hive" for your shitcoins.
Hive is an ecosystem whereas many new products is build on top on Hive, all of them burn Hive in various ways. Thats why the supply is expected to go down and the token to be scares in the future.
That new statement about Hive is factually accurate. Guess what? Hive is a lot more scarce than your shitcoins and always will be more scarce than your shitcoins under any scenario.
Do you want me to replace the word "bitcoin" in your argument to see how that works? I am even willing to plug "LasseCash" into your justification.
Despite how incredibly inflationary your shitcoins are even with burning how the heck do you think I am going to end up being the poor one when I have more scarce Hive than you have "scarce" shitcoins?
Again, I hope you wrote a thesis for your economics master's degree. My birthday is on the 19th and I want a copy.
The U.S. dollar losing value is fiat similar to crypto token burning. People work for dollars and spending it today is better than saving dollars which "burn" value while more keep getting printed. Burning itself is not a great utility.
The difference between you and myself is that you claim to be a "crypto expert" and I don't make that claim. I know there is a huge knowledge gap between what I know and what an actual expert knows. Despite that gap I can tell you are not a crypto expert.
I also have a huge knowledge gap between what I know about car engines and what an auto mechanic knows. But if I take a car in to be repaired and the mechanic tells me that the piezoelectric gonculator needs to be replaced and it will cost me $1200 I don't need to be a car expert to know that I am being scammed. My basic knowledge is enough to inform me that the mechanic is talking shit.
So why do you keep talking about investing in piezoelectric gonculators?
I never heard of an DAPP that burn Hive. That happens in all the products build on Titan X. Also Hive's price has been sideways for 8 years, while I recommended HEX day one and it did 10000X in 2 years.
What are you talking about. Fiat is inflation like hell, no burning at all. Titan X will gets burned reducing supply aka deflation. Do I even have to explain this stuff!
Yes I am one of the people in the world that knows most about CryptoCurrency. No more comments.
Every Dapp that send first and second layer Hive tokens to @null burns. I know that's a weird concept to you since you believe "sacrificing" crypto to Richard Heart's private wallet for his shitcoins is the way to do it but you burned the wrong way.
Then you don't understand how Titan X printing faster than burning is bad. That's a you problem. You must have skipped that day of class when they covered that concept.
Then don't be so stupid.