Former NBA Player Allegedly Steal $825,000 From Bitcoin Ghanian Firm
Isaac Edward Austin, a former NBA player who retired back in 2004, has recently been accused of stealing $825,000 USD from a Bitcoin company in Ghana. According to reports from GhanaWeb, the ex-basketball professional has posed as a trustee for his own BTC company and sold Bitcoin to the other company.
The problems started, however, as he never actually delivered the BTC. The money was transferred to his account, but he never sent the BTC back to the buyers, the reports affirm.
Austin is said to be in charge of two crypto companies: Tudor Trust and IEA, both acting as crypto trusts. The company is also allegedly involved with an “auto-trading program”, which is generally a big red flag.
According to the reports, the man maintained contact with the company from Ghana and affirmed that he would pay back the investments with benefits, but has used several “weak excuses” afterward to avoid paying what he owed.
A victim was quoted by the Ghana-based media outlet affirming that Austin takes people’s BTC and they never get it back. When the day of the payment comes, he starts a story that is basically full of lies and vanishes. Some of the excuses included that he transferred the money to the wrong wallet, that he had a heart attack or that banks did not let him pay the money back.
Austin never talked to the company he allegedly scammed again and neither has the Ghana-based media outlet been able to reach him to talk more about this story.