According to Lithuanian news source Miner One is under investigation by the Financial Crime Investigation Service of Lithuania. There's only one person suspected, Pranas Slušnys, the project manager of Miner One.
"The Financial Crime Investigation Service (FNTT) conducts a pre-trial investigation into the ICO project" Miner One ", according to the characteristics of an offense established in the Criminal Code of the Republic of Lithuania for High Value Fraud,"
A former legal counsel of Miner One, Jonas Udris, posted a message today via Telegram to the Miner One community:
Dear Miner One community,
As a legal counsel of the Miner One project, I hereby regret to inform you that last week I was questioned by the Financial Crime Investigation Service of Lithuania (FCIS) in the status of special witness regarding my work in the Miner One ICO, where I have learned that CEO and a sole owner of a Miner One FZE (a United Arab Emirates company), Mr. Pranas Slusnys is under investigation of fraud.
I was involved in the Miner One project as a co-founder and legal advisor from the very beginning in November 2017 until June 2018. My responsibilities included drafting the White Paper, Terms and Conditions, Token Sale Agreements, Miner One Prospectus and a number of other legal documents, as well as counseling the management, the team and the community members regarding legal matters of the project.
After the end of the ICO, Mr. Pranas Slusnys continued to operate the company as sole owner and director and my services were no longer required since then.
I am fully cooperating with the investigation and I have provided all the information which was in my possession. I hope that the investigation will be as quick as possible and all the answers will be made public.
To my knowledge, all Miner One staff members were let go in early January 2019 in the name of saving costs.
In the meantime, I will keep you informed on the progress once I will have any updates.
"Pranas Slusnys arrested!"
According to www.icoinvestigation.com Pranas Slušnys was arrested on 7th March due the fraud investigation.
ICO Investigation website is ran by a person named Matthew, also a victim of Miner One himself. The website has been dedicated in unraveling Miner One scam. There's also information about Miner One related scams; Golder Games (aka Warfield) and TOKIA.
I personally bumped into Matthew in June 2018 on Miner One's official Telegram channel. At the time Matthew was a firm believer and supporter of this project and I was actually having a debate with him when I was suddenly banned from the Telegram group by Miner One's admin.
Eventually also Matthew was banned from the channel after daring to make too many questions there. Since then he has been gathering evidence about the scam and posting it to the website.
The mining farm was a hoax
On December 10, 2018, Miner One was boasting about having 4620 Bitmain Antminer S9's ready for mining.
However, the members had already began to suspect whether the mining equipment actually existed. The strange problems Miner One had providing visual evidence about the farm only raised more questions. The photos they finally managed to publish were soon suspected as being photoshopped.
Eventually a group of people operated together and managed to find the location that was used to stage the mining farm.
"The evidence gathered to date was strong however finding the location would confirm suspicions and guarantee the interest of local law enforcement. On the 30th of January still images from the Facebook live videos was analysed by a small group of investors and the same day a possible location was checked and the containers found, the results where kept quiet from the group whilst another smaller group was formed to discuss the ramifications of the discovery which are detailed in Containergate Exposed – the Miner One Lie."
On the location only two rotting shipping containers were found. I recommend the link above to see also photos from the scene.
After collecting enough evidence the group contacted Lithuanian authorities:
"The Financial Crime Investigation Service of Lithuania (FNTT) was contacted and in early February an investigation was underway with information being supplied as more data was analysed to bolster the evidence supplied to date which mainly concentrated on the containers."
Golder Games (aka Warfield) dumped
The scammers behind Golder Games seem to have abandoned the project almost simultaneously with Miner One.
Nothing has happened since my last post about the scam.