Right, for those that didn't read closely the only thing this appears to have to do with Bitcoin is that the scammer used the word "Bitcoin" in the names of one

Right, for those that didn't read closely the only thing this appears to have to do with Bitcoin is that the scammer used the word "Bitcoin" in the names of one of the fraudulent investments he was pitching to people. He wasn't actually using Bitcoin or any other crypto currency in his scheme. He was using traditional banks.