More than 100’000 victims have invested in what was presented as a revolution in energy management on the blockchain. The company was an alleged Dubai based cryptocurrency direct sales company. It turned out that the venture was simply a cash-cow for the scammer via a sophisticated Ponzi scheme. The total amount of loss for all victims is estimated to be more than 500 million USD. The perpetrators of the scam have been seen purchasing Lamborghinis in California and in Australia with the money from the victims.