Articles under ‘USI-Tech’:

USI-Tech securities cease trade order issued in Ontario

Whereas USI-Tech regulatory warnings by other Canadian provinces have been mostly passive (alerts, warnings etc.), Ontario has upped the stakes by issuing a temporary cease trade order against the company and two affiliates.

USI-Tech impose iron curtain of secrecy, invested funds held hostage

With the lies about their working with US regulators exposed, USI-Tech management have switched focus to announcing their next moves on a “need to know” basis”. That is to say unless you’re a gullible dumbass who still believes USI-Tech hasn’t collapsed, management don’t want you knowing what they’re up to.

Texas takes credit for USI-Tech US and Canada shutdown

The gulf between USI-Tech management’s narrative and what actually happened continues to widen, following a January 31st news-release issued by the Texas Securities Board.

“Do not invest in USI-Tech” warns Saskatchewan securities regulator

Despite assurances to the contrary, USI-Tech continues to run foul of securities regulation in Canada. The latest is a cease and desist issued by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA).

USI-Tech & Hart David Carson continue Texas cease & desist deception

While it’s common for the rhetoric coming out of the MLM underbelly to be at odds with reality, the lenghts USI-Tech and the law firm Hart David Carson are going to misrepresent US authorities stance on securities is mind-boggling. A few days ago USI-Tech co-founder Horst Jicha announced the company’s intention to defy regulators and [Continue reading…]

USI-Tech fails to respond to Texas cease & desist, vows to reopen US

In the wake of US regulators cracking down on USI-Tech, the company has scrambled to contain fallout from disgruntled investors. A big part of that has been silence on the part of USI-Tech management, who all but went into hiding after Texas issued a cease and desist last month. Following the suspension of US and [Continue reading…]

USI affiliate wallets disappear, withdrawals delayed up to 5 days

When USI-Tech canned its biggest investor market around two weeks ago, it should have been obvious they were running on borrowed time. Despite the keeping up of appearances and reassurances by USI-Tech investors outside of the US (coughcough “Global Leader”¬†Sharon James), it appears USI-Tech has been inundated with withdrawal requests. Trotting out the old “we’re [Continue reading…]

USI-Tech management ignore US/Canada, focus on rest of world

If it wasn’t already obvious that USI-Tech management had no intention of addressing regulatory compliance in the US and Canada, communication of renewed promotional efforts elsewhere in the world have all but confirmed it.

USI-Tech warning issued by Attorney General of Guam

Following mounting controversy surrounding Guam Senator Tommy Morrison’s involvement in the USI-Tech Ponzi scheme, the Attorney General of Guam has issued an investor warning.

Attorney claims USI-Tech investigation extends internationally

A few days ago the website “USI-Tech Legal Claims” popped up. The stated purpose of the site is to “address legal harms caused by USI-Tech in the U.S. & Canada”. This site and the related services were created on the eve of USI-Techs sudden, total, and harmful withdrawal from the U.S. and Canada–by attorneys, a [Continue reading…]