Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.
Source: https://www.coindesk.com/singapore-man-fined-100k-promoting-crypto-ponzi-scam-onecoin-news
Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin
July 3, 2020
CoinDesk
