Self-proclaimed Bitcoin inventor Jörg Molt arrested for alleged crypto pension fraud – Bitcoin News

In 2019, a man with Fabio-like hair entered the cryptocurrency scene with questionable claims after telling a number of people that he was a co-founder of Bitcoin. The self-proclaimed Bitcoin inventor named Jörg Molt not only offered a “Satoshi school”, but is said to have run a number of scams on the side. The picture publication reports that the 48-year-old was arrested by the Bavarian police at Frankfurt Airport on charges of fraud.

Self-proclaimed Bitcoin inventor Jörg Molt arrested in Frankfurt

Jörg Molt once claimed he helped invent Bitcoin and also said he was a good friend of Andreas Antonopoulos after a wild appearance at the WCC Vegas Blockchain Week 2019 conference. Molt allegedly walked around the conference in Las Vegas and claimed to be the co-inventor of Bitcoin. After the story went viral, Antonopoulos discredited his claims, insisting that he didn’t know Molt at all.

“Apparently a German named ‘Jörg Molt’ showed me a selfie and told people that we are friends – that’s a LIE,” Antonopoulos tweeted back then. “I don’t know him at all – I’ve heard from others that he claims to be the founder of Bitcoin and has thousands of BTC – ONE LIE.”

Self-proclaimed Bitcoin inventor Jörg Molt arrested for alleged crypto pension fraud
Jörg Molt is known in Germany as DJ Sun Love.

The regional newspaper Bild reports that Molt was recently arrested when he was about to board a plane at Frankfurt Airport. Police officers believe Molt is behind some scams that also involved a 54-year-old woman who was allegedly his companion. The Bavarian police also searched Molt’s apartment and found evidence related to the investigation.

The German ‘DJ Sun Love’ founded a Bitcoin pension fund that closed its shop in 2020

Molt is charged with defrauding 50 people for $ 2.14 million using a program called the Bitcoin Pension. Molt, who is also a well-known DJ in Germany, reportedly told investors that the funds he received would go to BTC miners in Sweden. 40% of the funds were reportedly kept in a secure account, but in 2020 Bitcoin Pension ceased operations and investors called it a scam.

Investigators claim the self-styled Satoshi did not invest the money in mining and is being charged with promising large returns. In 2019, during the WCC Vegas Blockchain Week event, Molt told people that he owned more than 250,000 bitcoin. However, despite Molt’s claims, his ex-wife shot a Youtube video claiming that Molt didn’t even own a computer when the Bitcoin network launched in 2008.

What do you think of Jörg Molt’s arrest in Germany? Let us know what you think on this matter in the comments below.

Tags in this story

2019, Andreas Antonopoulos, Bitcoin, Bitcoin Pension, BTC, DJ in Germany, DJ Sun Love, Frankfurt Airport, Fraud, Jörg Molt, Molt’s ex-wife, Satoshi Nakamoto, self-proclaimed Bitcoin inventor, self-proclaimed Satoshi, Sweden, WCC Vegas Blockchain Week

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