Crypto 888 Club Review: OctaCoin cryptocurrency Ponzi
There is no information on the Crypto 888 Club website indicating who owns or runs the business.
The Crypto 888 Club website domain (“crypto888.club”) was registered on the 22nd of March 2015, with an “Aleksander Romanov” credited as the owner. An address in Malta is also provided.
Further research reveals Crypto 888 Club affiliates referring to Romanov (right) as the owner of the company itself. Why this information is not presented on the Crypto 888 Club website is a mystery.
Crypto 888 Club marketing presentations credit Romanov with owning “over 1000 betting shops and three casinos mainly in Eastern Europe”.
No further specifics are provided.
I wasn’t able to track down an MLM history for Romanov, so presumably Crypto 888 Club is his first MLM venture as an executive.
Read on for a full review of the Crypto 888 Club MLM business opportunity.
The Crypto 888 Club Product Line
Crypto 888 Club has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Once signed up, affiliates can invest sums of up to €10,000 EUR and participate in the Crypto 888 Club income opportunity.
The Crypto 888 Club Compensation Plan
The Crypto 888 Club sees affiliates invest up to €10,000, collect a weekly ROI and get paid to recruit others who do the same.
Crypto 888 Club offers six investment packages as follows:
- Starter – €150
- Trainee – €550
- Basic – €1050
- Premium – €3050
- Pro – €5050
- VIP – €10,000
ROIs
When a Crypto 888 Club affiliate signs up and invests, their real world funds are converted into “digital chips”.
These digital chips hold no value outside of the Crypto 888 Club MLM opportunity.
Each week, Crypto 888 Club “pay” out weekly ROI based on the amount of digital chips an affiliate has.
How much of a ROI is paid out each week is determined by how much an affiliate initially invested:
- Starter – 20%
- Trainee – 30%
- Basic – 40%
- Premium – 50%
- Pro and VIP – 60%
At the end of the 26 week maturity period, Crypto 888 Club convert an affiliate’s digital chips into OctaCoins.
The value of OctaCoins is unknown.
Referral Commissions
Referral commissions are paid out on investments made by recruited affiliates, paid out down three levels of recruitment.
Note that additional qualification criteria applies as follows:
- level 1 – 5%
- level 2 – 3% (generate at least 6000 PV in sales volume)
- level 3 – 2% (generate at least 10,000 PV in sales volume)
PV stands for “Personal Volume” and is sales volume generated via personal investment and that of personally recruited affiliates.
How many points are generated depends on the amount of funds invested:
- Starter – 60 points
- Trainee – 350 points
- Basic – 800 points
- Premium – 2500 points
- Pro – 5000 points
- VIP – 6000 points
Binary Commissions
Residual commissions in Crypto 888 Club are paid out using a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
Positions in the binary represented recruited affiliates who have invested in at least one package.
Volume is generated by these positions through affiliate investment. Points are generated as per the referral commissions outlined above.
At the end of each week, Crypto 888 Club tally up the points generated on either side of the binary for that week.
Commissions are paid out based on the volume generated on the weaker side, paying out 10% of the total.
Note that binary commissions are capped based on how much a Crypto 888 Club affiliate has personally invested:
- Starter – €1000 a week
- Trainee – €3000 a week
- Basic – €5000 a week
- Premium – €15,000 a week
- Pro – €30,000 a week
- VIP – €50,000 a week
Note that in order to qualify for binary commissions, a Crypto 888 Club affiliate must recruit at least two affiliates who have invested in at least one package each.
Binary Matching Bonus
A matching bonus is available on binary commissions earnt by recruited affiliates, paid out down three levels of recruitment.
As with the referral commissions, the following additional qualification criteria applies:
- level 1 – 5% (generate 2000 PV)
- level 2 – 10% (generate 10,000 PV)
- level 3 – 15% (generate 20,000 PV)
Mandatory Reinvestment
Note that an Crypto 888 Club affiliate is only paid 60% of any commissions earned.
40% of the funds paid out are withheld by the company and must be put towards investment in additional packages.
Joining Crypto 888 Club
Affiliate membership with Crypto 888 Club is free, however affiliates must invest in at least one package in order to participate in the income opportunity:
- Starter – €150
- Trainee – €550
- Basic – €1050
- Premium – €3050
- Pro – €5050
- VIP – €10,000
The primary difference between these amounts is income potential through the Crypto 888 Club compensation plan.
Note that VIP affiliates are additionally awarded 1000 OctaCoins and shares in an online casino.
Specific details regarding the casino were not available at the time of publication.
Conclusion
Under the guise of paying out a purported 80% of profits generated via sports betting, Crypto 888 Club operate a recruitment-driven pyramid scheme tacked onto a dangerous cryptocurrency model.
The pyramid scheme of the business is pretty straight forward, with affiliates paid a commission to when recruited affiliates invest.
How much is paid out directly correlates to how much is invested by the newly recruited affiliates, as well as how much the affiliate themselves invested when they signed up.
In this sense Crypto 888 Club has a “pay to play” element to its compensation plan, with the more invested resulting in higher commission payouts.
On the backend of Crypto 888 Club you have this whole OctaCoin thing.
Real money is invested by affiliates, converted into Ponzi points (digital chips), which are then subsequently converted into a cryptocurrency nobody really knows anything about.
Quite obviously OctaCoin is being run by the same people behind Crytpo 888 Club (the 8s sort of give it away), with a whole bunch of coins preallocated to Aleksander Romanov and his buddies.
The value of OctaCoin is going to be artificially determined by the amount of funds coming from affiliates, calculated after binary, referral and matching commissions are paid out.
What with 24 weeks of monopoly money compounding investment, don’t expect OctaCoin to be worth much anytime soon.
Especially considering the coin is absolutely worthless to anyone outside of the Crypto 888 Club opportunity. Any merchants who do accept the coin are going to be Crypto 888 Club affiliates themselves, looking only to further increase their share of OctaCoins.
The beauty of the cryptocurrency Ponzi model is that Romanov can encourage affiliates to keep their funds trapped in the system, by promising that an exponential growth phase for OctaCoin is just around the corner.
Real money flows in, some is paid out via the binary, matching and referral commissions, and the rest dumped into a bank account.
Everyone is encouraged to retain their OctaCoins, in the fear that they might wake up tomorrow and see the value has skyrocketed.
That of course never happens, with Romanov and top investors quietly withdrawing deposited funds.
Then, when people start to wake up and cash in their coins, everyone finds out there’s no funds left and the scheme collapses.
Update 3rd September 2016 – In March, 2016 Crypto 888 Club collapsed and rebooted as Octa Partners.
Octa Partners has also collapsed, with the company now gearing up to reboot itself as Nano Club.
Fun bit of trivia:
Someone already tried to launch a cryptocurrency called OctaCoin last year.
It was based on 8-bit gaming nostalgia and flopped.
bitcointalk.org/index.php?topic=504493.0
Wonder why the guy who owns 1000 casinos is siting in kitchen and wearing officiant clothes 🙂
the russian spelling of his name would be Александр Романов. And there is no such russian person big in casino business, I would know.
The name sounds as is if some foreigner had to come up with some russian name and would use the royal one.
there is a company in Malta named SENET HOLDING LIMITED (which mentioned with Romanov’s name in whois), under company number C49698 and with registered address:
This entity does not have either gaming or any financial license.
It also possible that scammers just picked a random entity from the registry which does not have internet presence to save few hundreds on actually buying a company reg.
This thing may be Chinese. I’m finding a couple Chinese websites pushing it.
So far I have Kelabi(dot)com and makebichina(dot)com and peacecoin(dot)cc. They are ALL in Chinese.
Found even more, makebicn(dot)com and anzisky(dot)cn, they’re all clones of each other.
I think the main site has a “clone my site” kit for people to download. This thing had to be Chinese.
8 is a lucky Chinese number is it not?
Maybe someone in Hong Kong found some Russian random to front this. Probably promised him a lot of
peanutsOctaCoins to take the heat.Not finding who is this mysterious guy. Photo does not show up in Google, TinEye, Baidu, or Yandex , other than copies of the site. And I’ve tried both normal and mirrored.
(BTW, did you know that Baidu has a face search engine?)
Baidu scares me. Anytime I stumble into it I can’t shake the “this is just a cheap Google knockoff” feeling.
The guy is too dark skinned for being a russian and gray hair is also rare within russians.
But who knows. My bet is someone just took pic of a waiter at a restaurant.
Too old to be a waiter. Background of that other guy suggests some sort of a hifi/DJ setup. I’d say singer.
My first reaction was Frank Sinatra Jr, but then I realized “wrong hair”. 😉
As another hint, try to rotate the pic so its aligned straight, maybe it was put under angle on purpose.
Before you do searches and i aslo think it has artificial light added, maybe darkening it a bit can produce a result. But I give up, could be just iphone pic.
I tried all that. Align, remove border, lighten vs. darken, etc. It’s just not coming on Yandex, Baidu+Sougo, TinEye, and Google.
137 SPinola Rd. St Julians Malta is a company reg house called Panlegis
panlegis.com/index-5.html
I would not expect it to be anything other than this, did not even bother to look.
Aleksander Romanov = Male form of “Alexandria Romanov” !
Last Czarina, wife of Czar Nicholas who was the last Czar of Russia.
I’ve seen people use “Alexander” and “Nichole” Romanov as a “Russian” sounding name, they forget their first heard it in history class in high school……
Very common “fake” Russian sounding name.
Xorly
This is a copy of one-coin or bigcoin. they have the same future as Ufun our of thailand.
Nigel Allan is the guy behind this gig – the old Ceo of OneCoin.
left in the Dark by OneCoin – nice for the secret services agency’s of all country’s to get these money laundering guys on the run.
Nigel is spotted in Bangkok as well – the militaire regime in Thailand will let them get money and momentum before they arrest them and keep the funds!
the OneCoin guys start to move in Asia, they know their time is limited… long live the Ponzi Birds who pretend to be mlm.
ps: Aleksander Romanov = 100% fake
Ed, your info is wrong… Nigel Allan is just a distributor. He is not behind this deal as he is not related or part of the management in any way….
Also let me point out another wrong interpretation from the article itself, which says octacoin will don”t have any real market value, only inside the network.. This is false.
Octacoin will be a public coin from the very first minute. Public blockchain, anyone can verfy it and anyone can mine it, even if it is not in the network.
The octacoins is stored in ewallets in your computer, cellphone, tablet, whatever …
So the Coins is not controlled by the company and the value of the coin , -whatever it will be – is real market value. The company not making false claims regarding the future value like onecoin and utoken.
@Big Fish
Seeing as you know so much about Crypto 888 Club’s management, and what is being presented is looking pretty false thus far, perhaps you can fill us in?
Yet nobody except Crypto 888 Club affiliates will be using it. And only then because they’ve been promised Ponzi riches.
The rest of the world won’t care.
“This is false” wasn’t supported by any arguments leading up to that conclusion?
We use quite normal methods when we estimate the value of something, e.g. I use the definition “in a normal market”. It won’t include any illegal markets.
For an investment, the intrinsic value of the investment may be relevant. Liquidity may be relevant. Volatility may be relevant.
OCTACOIN AS AN INVESTMENT?
Intrinsic value = extremely low.
Liquidity = extremely low.
Volatility = extremely high (can suddenly collapse completely).
VALUE AS A CURRENCY?
A currency will need to be commonly accepted in transactions to get any value, “in circulation” as a “medium of exchange” and as a temporary “store of value”.
OTHER TYPES OF VALUE?
* Product value? Not really.
* Value as “collectibles”? Not really.
* Emotional value? Not really.
* Social value? Not really.
I don’t see anything wrong in that statement. You failed to explain why you believe it’s false.
“Being public” doesn’t explain any market value.
“Mining” won’t add any value to a currency. It may add some additional costs, but additional costs are not the same as value.
“Public blockchain” doesn’t explain anything.
“Functionality” may be a relevant factor, but “it can be stored on a computer” won’t add much value in itself (e.g. all those temporary files I have stored on my computer will probably be completely unsellable in a normal market).
Crypto 888 Club promises a ROI over 26 weeks to investors, from 20% to 60% “virtual ROI” (the number of OctaCoins will grow without any fresh money being brought in from the outside).
And your proof of that is what, exactly? Your faith?
There have been a LOT of big-name distributors getting sweet backroom deals and “pretend” to be just one of the minions. (Powell’s jump from Herbalife to Vemma)
There also have been big blow-ups when such backroom deals came to light. (Nestler’s BDA with Jeunesse worth 90K)
Heck, there are even management pretending to be top distributor until they got outed (Tarun Trikha and his masquerade as “1st Diamond Distributor” until he finally came out as “CEO” of TVI Express pyramid scheme)
Or maybe have relatives be top distributors. (Tartol clan of a dozen high-rankers in Herbalife, Bob Proctor and his wife/daughter in Vemma)
Unless you care to provide proof of your allegations/assertions, you have proven nothing other than denial.
The name itself is correctly formed. Alexander is greek male name , same as Alexandra is female version (translates to “nation defender”). There were 3 russian czars named Alexander Romanov.
If the spelling confused you, that is because russian use cyrillic alphabet and when they trying to write names in latin one they might spell it some other style than westerners used to.
Alexander in Cyrillic written as Александр
note that there is no last ‘e’ and there is no a single letter sound for latin ‘x’ , the way the scammers come up with the spelling, might be just an online translator from the russian text or used spelling from existing text.
“Aleksander” spelling was not used in Russia.
USAGE: Polish, Slovene, Albanian, Estonian, Norwegian, Danish
behindthename.com/name/aleksander
BancdeOptions heavily targeted Norwegian investors. Might be a co-incidence, might not.
Aleksandr (without the e) is Russian and Armenian.
NOLINK://www.behindthename.com/name/aleksandr
Alexandr Romanov 888poker:
NOLINK://www.facebook.com/aleksandr.romanov.798
The name may still be fake, but now we at least have some additional information to check.
Crypto 888 was marketed by a “Coach Van” on Youtube, so we may have some former Zeek members here.
Rocco Fish of Bidify fame is also heavily pimping Crypto 888 Club on Facebook.
You just mentioned nations (and some slavic) who uses latin alphabet vs. cyrilic 🙂
Of course it was never used in Russia, it is not even their alphabet, Александр is russian spelling
And there is no point, the casino magnat by the name Alexander Romanov never existed.
You can have a better luck with Sergey Mayzus (owner of instaforex, liteforex,OkPay and various other online money laundering networks and forex kitchens).
During 90ies he ran a ring of casinos in Kaliningrad, Russia , just before gambling was banned across entire Russia.
Just found interesting news… “MaKeBi” the chinese name of the coin was involved in a scam back in 2014, in the Qindao region of China… but it claimed to be backed by a company in MALAYSIA, that starts WIth U (but it’s NOT UFun?!)
I forgot Makebi was used here. I seriously thought this was UToken, but the background company doesn’t quite fit UFun… unless this is a reload.
behindmlm.com/companies/ufun-club/over-80-ufun-investors-file-claims-for-at-least-679000/#comment-336220
Now you can found the Management Team in the Backoffice…
Some really “interesting” also with negative backgrounds!
Seeing as the general public don’t have backoffice access, how about sharing some names?
Or some screenshots!
Yeah, i heard of this, a dutch “marketingspecialist as he calls himself” Frank van Zon is scamming people all over the world again.
The same person who participated in numerous MLM scams including Bonofa, Global one etc etc …
He sells his story tru mails from TMT Marketing Team and the address below is:
Koppelingsweg 5
Andelst GLD 6673DT
NETHERLANDS
presentation : crypto888club.com/crypto888-club-basic-presentation/
Frank Van Zon:
This guy has a flopped energy deal (Marshal Energy Global), thousands of families lost their savings!
his guru website – with the Bonofa Scam:
rebelmouse.com/internetmarketingtips/
he has trouble with the dutch authorities. where this guy walks – there is no grass
crypto888club.com: there is no gambling license – there is no bitcoin clone software – this will end like ufun.
it is a hit and run for money program.
This is a joke. Today someone presented to me the “opportunity”.
If this is a opportunity this is realy a joke. One another ballone that will suck peoples money and one year and everything is over.
Milionaires miliaders and the backoffice and the website is a real crap. Company not properly listed, owner structure is nowhere.
Millions in coins is a scam. Be aware. I give them 1 year and they will crush!
Bet on that. People try to find serious companies that are legal!!!
So they are having a second go? My question is can they really be that good at wagering that they could generate enough winnings to pay a decent return to investors, punters, gamblers?
um if not it will need to rely on new money coming in from packages, yes?
Could this be the reason why Nigel got tossed from OneCoin when they found out he the President of OneCoin was also doing 888 ?
He does say he has been doing 888 for 4 months so that means he was doing both Onecoin and 888 at the same time Opps.
Its interesting that with a tiny bit of research their seems to be a historical melting pot linking a bunch of front men, places and businesses to several start up companies, OneCoin, Crypto888, LeoCoin, Conligus, Bigcoin, Unaico, Sitetalk theres more but you get my drift.
@Cs
I don’t believe the owners of the original OctaCoin are behind Crypto888. They’re just using the same name.
It ties in with their company name, which I believe is aimed at attracting Chinese investment (“8” is a lucky number in Chinese culture).
This makes me laugh. But seriously…
the holding company of crypto 888 is senet holding. it seems they are taking their ponzi to uganda:
here are their mug shots:
crypto888club.com/wp-content/uploads/2015/05/pic1.png
here is the article about the uganda trip published in the members club of crypto 888:
crypto888club.com/senet-holding-news-update/?fb_action_ids=763569100423649&fb_action_types=og.likes
frank von zon is the ‘master distributor’ of crypto 888, heres how he signed off on a post:
alexander romanov is a russian from st petersburg, and froystein bakke is a norwegain.
crypto888club.com/alexander-romanov-crypto888-founder/?fb_action_ids=760867440693815&fb_action_types=og.likes
Good job guys, wouldnt invest a Penny with such a ceo.
I am a Chinese student, in a friend’s introduction, I know the 888 clubs, and voted 1100 yuan.
now found that it is just a scam, but good investment is not much, so the loss is not large. (don’t care about my English) but I would like to make it clear that China’s investors are really victims.
They are guided by a few bad guys to guide investment in China, the spread of internet pyramid schemes, too many people cheated, alas, helpless.
Message from Nigel Allan, the Master Distributor of Crypto888 on Facebook 9th august, 2015:
Looks like Nigel Allan is on the offensive against OneCoin. This is the History of Nigel Allan the Master Distributor of Crypto888.
He was the president of Onecoin, another company in his history where he did not know it was a scam until he made his money and decided to move on.
Nigel Allan must be so unlucky that he gets involved in so many scams. How long will it be before Nigel Allan leaves Crypto888 and calls it a scam.
Again Nigel Allan will be hero by letting the world know that he was involved in another scam. Good Luck guys if you really want to join Crypto888 scam.
To sum up this is a typical network pyramid schemes and POND’S scam? How can I expose the fraud?
my sister already investment on this. I was supposed to be one of her invites. I was just about to invest 1050 euro for my daughter and 5050 euro for me.
I have been scammed twice but because its my sister that made the invite I thought its safe. I was in the middle of work and I thought to check what crypto888 was all about.
Thanks everyone. I will not invest a penny on this.
This company are top up with old scammers from severals old companys with a dark history, let start with Unaico-Sitetalk-Enigro`s brilliant scammer Jarle Thorsen……. he is there and if someone heard he is “JUST” a networker…..lol.
2nd is Frode Jorgensen was the face of Bidify and from Plexpay network were he end up 3 years in jail.
3rd you have another Norwegian guy, he just came out from jail…. this is just few lines and people need to understand that this people will fuck all of you big time f you spend money into crypto888.. AGAIN.
Then you probably have Rune Evensen (Hong Kong / Norway), Dan Andersson (Sweden) and multiple other names — dating back to PIPS, WGI World Games Inc., T5PC The Five Percent Community, etc., etc., etc.
There used to be a president of this company named Nigel Allan, but was terminated for some reason…
Not sure exactly what he did, but here is the legal letter:
And then shortly after the founder Dr. Ruja posted this:
So called Dr. Ruja.
I like to add few Valuable Information for all the Victims of Ponzi Scam, which you of course are one the orchestrate along side with your sugar Daddy Sebastian Greenwood 😉
Nigel Allen left your company at his own will, the internal dispute over more %.
You stole the Blueprint for BigCoin from John NG, the only founder of “BigCoin” your “EX” Partner that is of course after you and Sebastian Greenwood scammed him out of his initial investment and his new project.
Nigel received a very good offer from Jarle Thorsen (current 30% shareholder of Sitetalk and Founder of OctaCoin-888) and yes my dear Ruja this is the only reason Nigel left your company.
OctaCoin-888 is an exact copy of GetEasy MLM. (Out of Business for about a year) so if we all look very deep you can see all of connecting dots.
John NG
Jarle Thorsen
Sebastian GreenWood
Ruja (fake Dr. & Lawyer)
Terje Hvidsten Casino License holder A.K.A “Aleksander Romanov”
These guys are good, but not good enough :))))
P.S NIGEL ALLAN – Network Leader Asia. Notorious British Conman (OneCoin scam, Brilliant Carbon scam), who currently lives in Thailand same place as Sebastian Greewood and possibly wanted or investigated by financial police from several countries.
Terje Hvidsten was new. LinkedIn listed 5 different ones. I will guess that this Terje Hvidsten is the one living in Telemark, Norway — a Nuskin Executive Distributor / health consultant / website designer since 2003.
Terje Hvidsten has been in jail 9 times in Norway and Germany, he lives in Ski, Norway.
Last year he got 5 years in prison for children abuse and Freud/business scam. He will start his new sentence later this year.
He together with Dag Verner Eriksen (also been in jail several times in same scam case/freud as Jarle Thorsen), use a criminal lawer ; Petter Forsberg to money laundering/transfer the money around the world.
dn.no/incoming/article111783.ece/ALTERNATES/fullwidth/STB%20Terje%20Hvidsten.jpg
hegnar.no/multimedia/archive/00058/Myhre-dommen_58497a.rtf
The Lawyer” Petter Forsberg is working as a cohabitation consultant
parterapeut.no
He have been involved in severale freuds together with; Hvidsten, Thorsen and his best friend Dag Verner Eriksen.
I was recently invited by a friend to join CRYPTO888 and not doing any research on my own and trusted her judgement I came in with a small investment, but I’m now having second thoughts after a friend told me I was doing business with criminals .OUCH!!
So, before I continue i’ll be doing my own research. Here is the management team;
As I continue my research if you have any documented proof, I’d appreciate it. Thanks
@Debbie The business model is what you should be looking at. Using newly invested funds to pay off existing investors is a Ponzi scheme.
Mickey Mouse could be running the show and it still wouldn’t make a difference.
And Bernie Madoff was once head of NASDAQ. So what?
I was also invited by a friend, a golden ticket.. he said. So i tried it…and i still am.
I did have some doubts about this MLM, trying others before ,this one is completely different.
They promise you a % of the profit they make of gambling EVERY WEEK! Monday = payday.
I say gambling because they have a team of 3 x 8 people who continuously BET, so they claim.
I think there is no team betting day in day out getting those profits. The only “profits” they pay out are from new members buying new packages.
Now about those octacoins, octacoins are only listed in members websites, no offcial cryptocoin or coin website.
They’ve got a website crycen.com where you can buy or sell octacoins (for bitcoins). My guess, this is also runned by a member.
After the 26 weeks i’m getting out, seen by who this is runned!
So long story short.
Back in the day I was actually looking at getting involved with the one coin nonsense.
In the process of trying to recruit me I was contacted by Nigel Allen. He consequently added me as a friend on Facebook and I have maintained some contact with him over time due to my curiosity of what he’s doing.
I spoke with him about 2 weeks ago. He volunteered that he is involved with crypto888, and doing exceptionally well with it. Claiming 200000 euros per month. 6 million euros in the last 11 months.
As far as Y he gets out of the schemes that he gets involved in he always paints himself as being the victim. “They tried to steal money from me.”
One can only hope that all of the scammers end up losing everything one day, or that some pissed off rube finds their mark with a rifle.
Has anyone made any money with crypto888?And how much is octacoin worth if anything???
The team behind crypto888 sounds like a disaster!!! OMG if that is true these ppl should be shot!!!
The best mlm-company I have ever seen. I make about €2000/week (payed out on bank account) on a passive way.
The octacoin is on the free market (www.crycen.com) The value is about €11/coin today!!
Being a Pro-member for 1.5 year now. Untill 1 month ago, good profits of average 10% a week and proper regular payouts.
But now already 1 month waiting for payouts, all withdraw requests, in total several thousands euros stay “pending”.
They blaim their prepaidcard partner PFS (London) for having technical issues, but they (PFS) replied to me at my e-mails, that they are not aware of any technical issues of any kind.
Support is not responding on my request to explain why they are not any longer payout the due withdrawal.
So I guess that the shit now finally starts hitting the fan!
Interesting! @El Toro -What is the status for your payout?
I’m sorry to say, still no payout and no reaction at all from support.
@el toro So you did make good money with the program? Is it possible to show a screenshot of your pending balance? Thx
Pro member since 1.5 years? Really? The whole thng was started not even a year ago… i guess El toro is not even a member or he is not paying attention to details too much..
in fact the company already started to pay out the pending comissions a week ago. Many people already got it and since there was a long list, many will get it in the next few days.
I can bet this El Toro could not show you any screenshot..
@Hans de Bruyne, No offence Hans, but I don’t know you, what would be the surplus value of doing that?
@el toro I am member since three weeks. I know the whole program and platform is changing.
Is saw some payout reports and it all seems ok. I dont understand why on This site are so negative comments ( most of april 2015 ) .
Exactly what i was pointed out! Proof that you are a member at all, not just some stupid troublemaker.
Plus, if you are really a member, -and as you said, so far everything was working perfectly ,- now for the first sign of trouble, you as a member,( who already get out a bunch of money i guess, ) go and put a comment like this, into a site like this.
Instead of ask your sponsor or upline… This is really hard to belive. (that someone is either that so dumb, or that so evil).
@Topgun, besides a lot of BS you wrote, I seemed to have missed the things that you “pointed out”, or it must be the fact that you are probably one of those “MLM zombies” that feel personaly attacked as soon as one negative word is written about their company, although they are facts.
For that matter, I don’t need to proof anything to you at all, just sharing some facts about actual things that happen within Crypto888, now calling themselve Octaland.
But at one point you are right, I started in March 2015 and indeed this is not 1.5 year, my bad.
Just for your information, today I received this message, so I guess (hope) payments will be resumed:
To my opinion, bad vibes could have been avoided if support would have answered questions in time and not leaving me and many others of this network for over 1 month in uncertainty about what is going on exactly.
For sure I don’t need to explain to you that investing in this company is not about love, but strictly businesslike and although building trust in every MLM business takes a long time, it won’t take that long at all to loose it again.
@el toro I am member since three weeks. I know the whole program and platform is changing.
Is saw some payout reports and it all seems ok. I dont understand why on This site are so negative comments ( most of april 2015 )
Let me be clear Hans, you are right about the payouts, I also made good money from it during the past year.
I was just pointing out the way this company behaved from last month untill now in regards to pending payouts.
They reported already several weeks ago that all problems would be solved before the 8th of March, but only today, 16th of March, we received news that “normal” (I wonder what they mean by that…) payments will be processed over the next days.
If they continue to pay out, I agree that this is one of the best opportunities to make good solid money. Although you have to invest first a quite firm amount of money to make it worth (smaller positions below Pro will grow more slowly, it will give you value for your money.
I’m not that eager about latest changes overall though, but we will see what the future brings. Good luck with your membership.
My reply #75 was meant for you Hans.
@El Toro – Any money yet? You seems to be a smart guy, that understand that this is a time limited investment and that it will hit the fan!
No T.Ebi, sorry to say, still no money received, although a mail was send on the 16th of March, promissing that each member would receive their pending withdrawals within “the next days”. So let’s give them a few mor days…..
In regards to Crypto888, still no money received and no reaction at all from their support.
Again a massif scam has taken the money from thousands of people that trusted them!
@El Toro Thank you for the feedback & that you keep us updated!
What i don’t understand : They have 700.000 members and on whole the internet i can’t find one person who tells that he lost money (except El Toro) whit this program, only some persons who claim that is a scam.
The nature of these schemes places great emphasis on reinvestment. It also encourages leaving your money in the system as the operators peg arbitrary (but always increasing) value on the points invested in.
You won’t hear from those scammed until it is well and truly too late.
Now consider these additional points of information
1) They *say* they have 700000 members. Can any one other than the scheme *prove* they really have 700000 members? No, there’s no proof they have 700000 members.
2) As Oz explained, in a Ponzi scheme of a similar nature, NOBODY EXCEPT THE PERPETRATOR (and his confidants) realize it’s a scam until there’s no money left in the system, after most of it has been siphoned off to the “net winners”.
Madoff managed to pay out BILLIONS of dollars until only a couple million was left. And NOBODY knew it’s a scam until Madoff chose to tell his sons and his sons called in their lawyer and the FBI.
3) The victims who realize they have lost money often refuse to talk about it. Those who made a lot of noise are often offered “shut up money” by the perpetrators.
In Ad Surf Daily a member who audited the books at the request of the perp Andy Bowdoin told Bowdoin he’s running a Ponzi scheme. Bowdoin gave him his money “earned” and principal for his silence and the scheme continued for another 2 years.
Others just refuse to acknowledge any loss and/or are psychologically desperate to join another scheme to “make back” the money lost and refuse to admit they made a bad choice as that would shake their confidence.
It’s been studied by asset recovery groups (who go after ponzi schemes) that half of the victims, even when directly asked for permission to go after assets that can be recovered, just did nothing. Few of them are no doubt in secret negotiations with the perps hoping to recover money that way.
Add that all together, and the conclusion is you can’t judge whether a scheme is a scam or not by number of complaints because 1) most participants don’t know whether it’s a scam or not 2) even if they know they won’t tell you as they want to make sure they get their money back.
I don’t know wether they have 700K members or not Hans, for sure the network is large, that’s the reason that I also don’t understand their behaviour. They could have been in (good) business for many years to come with an even bigger network, given the present growth in China and other countries.
The final test will be next week, because with the new system they implemented, they have to pay out the monthly profits around april 3th. If, again, any payment stays out, it’s safe to say that it was indeed a big scam.
You won’t hear anything from the big mouthers within this network, they have filled their pockets and simply hop to the next scam. It’s one big happy family and they know eachother very well.
This guy Frank vd Wege was acting as CEO at Euphony in Belgium short before the curtain there finally closed. It looks like he now is hired again, this time for directing the final chapter of Crypto888….who knows.
Next week we will find out more!
@EL TORO. Did you receive your money?
No Hans, untill now nothing, nada!
@ EL TORO : Can you show a screenshot of your pending cash account?
Cash Account € *****
Pending Withdrawal : 2,995
@El Toro: Any money yet?
No John, that is to say, so far only a small amount (100 euro) was paid out of the total pending amount of near to 3000 euro.
Also we had our first monthly program result with the new system they changed into. Instead of the 5-10% weekly profits we had before, now they’ve come up with a monthly profit of 12.64%, payable in Octacoins.
However, value of those Octacoins have been reduced from over 20 euro to nearly 5 euro within several weeks!
To be continued…..
Current Rate 1 OCT / 4.19 EUR
@El Toro: So this is a big scam?
I fear so John, for sure they have serious liquid problems, given the fact that they are not willing/able to pay out the network for over 2 months now!
@El Toro: Thanx. Keep me update, please.
Will do so John.
@El Toro: Any money yet or any answers from the owners?
/John
No money yet John. Clearly they have serious money issues themselve.
This is their latest comment:
I guess that a large part of the network is still waiting (hoping) to be paid out…..
Thats so sad to hear. Im not gonna sell this to my friends.
Hope to get my money back some day.
/J
I have similar experience of no payout to the bank .. same excuses as above.
Doesn’t take 2 months to transfer monies into the account does it?? .. whole lot of bullshit.
And feel sorry for all the people still stupidly coming into the system especially from China. .Someone has to publish the Scam openly and shame the greedy culprits.
They don’t have a blady system in place and poor people are victims of this ponzi game.
@Bell, “Someone has to publish the Scam openly and shame the greedy culprits”.
Well, I guess that’s where we come in place.
Let’s inform the network (from bottom up) and potential victims by using social media for publishing this scam and to end it.
It seems that mainly the bigger accounts (Pro and up) are targeted by this scam policy. Smaller amounts of pending withdrawals are paid out here and there, as the larger pending amounts won’t be paid.
I even know some people with really big accounts, who invested a lot of money in this fraude,who cannot any longer login into their accounts….
Yes El Toro my big invester can’t even Login in now.. says blocked .. looks like it’s history and we do have to warn potential victims of this scam via Social media as you suggested..
It’s a lesson learnt and never ever go into a locked in system as they profit themselves. No wonder they hired Nigel Allan as the mastermind.
These scammers will have to face their karma very soon.
Well it didn’t take to long for this one! Same as every Pyramid; no new money in, then no money out = Ka Boom!!!
If you are in anyone of their others like OCTA-anything, GET OUT NOW!
Will you join a different program in the future? What will you look out for so you’re not scammed again – other than a ‘locked in system’?
Hi!
Sad to hear everyone being scammed!
I have a family member heavily involved in this and he’s stubborn as a goat, that this is working.
He’s making money he says. But all he do is reinvesting opening new accounts.
He have only just got back same amount invested from the beginning. So that’s good!
As He wants me to invest in this but I rather not..
How about looking for a real business that seeks a real product and does not promise incredible double digit returns?
Is there still hope……?
Just received this message:
Might be good after all. Did u received your money yet?
John
What’s the name of the European stock listed company?
Let’s hope that John, so far no money.
I have no clue Char, I suppose they will reveil that later on.
Their website is down as well for maintenance??? Just when they can’t pay anyone, this is nothing new they all do same thing, same excuses, same lies = same results “0” Money.
There is no such thing as a Bloomberg-listed company? Bloomberg is a news source not an exchange?
NASDAQ is an exchange and Octa Capital Group is a scam.
Website is up aund running.
What’s the bet the Euro stock exchange is going to be Cyprus?
In any event, none of that explains why they stopped paying everyone.
What does is they ran out of newly invested funds. Obvious is obvious.
Wow…they say they went quiet.. and now listed on Nasdaq etc.
Can a 1 year old company with no proper banking system get listed??? Who’s intelligence are they trying to insult..
Char I am already in another programme that has no lock in.
Website is up aund running.
crypto888.nl
Really El Toro????
crypto888.club would be the member site. i am not sure what site you are trying to link to Scammed.
Copy/Paste:
The NoLink:crypto888.club website is not under maintenance.
Whatever the site Scammed linked is under maintenance but that is not the Crypto888.club site. As even seen in the review. The link he posted is a offsite link.
Apologies chrisstone, the url I referred to is below:
crypto888.nl
However at the end of the day, no one is getting paid, correct!
I don’t really know about the pay issue part. Just seen the link part wasn’t accurate.
What do mean by lock in?
And the new program, do you get to recruit others?
This is the correct websitelink, site is working: crypto888.club/index.php
Char.. You can remain to be passive to get yr monthly dividends or you can be active if you want to further enhance yr income.
Where are you from by the way?
Typical Ponzi scheme pitch… Sit back and let money roll in, or actively recruit and get paid for bringing in more money.
May want to look up Nanci Jo Fraser and “Profitable Sunrise” ponzi.
Typical Ponzi scheme pitch… Sit back and let money roll in, or actively recruit and get paid for bringing in more money.
Crypto888 has all the bells & whistle’s of a Ponzi and not getting paid with the excuse of making things better is how they ALL end!
My friends are stuck in Traffic Monsoon with the similar same story?
How could things ever get better, if not getting the reward of why you entered the deal any way? They all blame something or someone else? Such a great deal, how could it ever have any interruptions?
I’m from the US.
What’s the name of the other program you’re in? No links, just the name thanks.
Crypto888 aparently involved in some gas project in Taiwan! Any news on that?
And UToken claimed to own mines all over the world, and so did Gemcoin…
“Extraordinary claims require extraordinary evidence.” — Carl Sagan
Manne it another Scam that will never ever come to fruition. They are trying to sell their stock in a company that won’t amount to anything. Buyer beware!
This was their newsletter in february about this topic:
all scammers have gas. everything they say is just one big fart.
Don’t they need an army of bodyguards then on the next event in Bali??
Between al thousends of members who are not payed?
El Toro–
You need to be licensed to offer “stock” in such an offering, Octa Capital is not licensed firm nor more than likely is any Crypto888 member… Typical collect money deal with the consequences later
Blue Dragon Resources Oil & Gas LTD is a new energy company owned by the OCTA CAPITAL GROUP (OCG).
Blue Dragon was formed with the single purpose of securing Natural Gas concessions in Taiwan in return for international gas competence and technology. Now you can be part of this fantastic opportunity, which is exclusive to our company and members.
A One-Time Opportunity:
If you buy shares before 1st of March you are entitled to buy shares for €1,0 each, after this date the price will go up to €1,25, and after that the sky is the limit as less shares are available, so be smart and be part of this fantastic venture from the get go!
You can now buy shares in the MBO:
crypto888.club/members.php?page=oilgas
Every share has a unique ISIN Code, which is a global standard that identifies securities:
en.wikipedia.org/wiki/International_Securities_Identification_Number
Blue Dragon Ltd is the only private company to receive Gas Concessions in the Taiwanese waters, which gives OCG a unique position and opportunity to huge profits, which will benefit all shareholders and members personally – and the company’s growth as a whole.
So hurry up, seize the moment and take part in our next success!
Best regards,
Alex Viken
Marketing and Press Manager on behalf of The Global Management
Well, I guess that they don’t expect majority to spend again lots of money for coming to Bali, on top of all the money we already lost by their scamming.
Octa Capital needs to be licensed to offer stock as Mr. Viken claims, period! Besiodes if their coins are so great and profitable then why do they need to sell stock in some BS venture???
El toro, as you said before, you made good profits with This program, so you didnt loose nothing at all!
I can’t trust nobody on this forum!
I don’t quite understand your comment here Mahjong. What does the fact that I made good money has to do with you trusting nobody on this forum?
Indeed I got my investment back, more or less, but now, on the point that I should start making some serious profits on my initial investment, Crypto888 stopped paying withdrawals.
My only luck was that I invested right at the beginning of this, but for sure there will be a lot of members that invested also and see nothing coming back as long they are not paying out correctly.
El Toro , I dont feel sorry for. You are all big suckers.
You are the type of investors who buys time share appartments in Gran Canaries and hoping for big returns lol.
Hey Ferrari man, I don’t need you to be sorry for me, thank you. Enjoy your ride in your Fiat and keep on dreaming of a Ferrari, lol.
take a look at the latest newsletter… love the part when they set the price of shares at €5.13.. this is not going to end well.. anyone has more info what is going on there ?
ziomek, great post! An illegal solicitation to purchase stock, more like OCTABLUES than News? This too will end in tears…
Did anyone check if 1st emerald gas company exist??I don’t see any website …and how can the gas shares go up every week… now I heard €12+???!!
Investors been told to top up using cash and club accounts.. to benefit greedy leaders. From February my cash money has not even been transferred to my bank account… it’s end of April now.
No credibility and their accounts are all in Hong Kong. .
It only exists in the minds of crypto888 scammers. They are creating the value themselves of a proposed conceptual holding company called Blue Dragon Resources neither of each have any underlying value “0” other than the BS they print on the Power Point Presentations with humongous financial projections, imaginative forecasts and pretty pictures!
Buyer Beware of self proclaimed prophesies which have no substance whatsoever.
It appears by asking club members to use the cash in their accounts that obviously isn’t even there is their strategy of giving you something worthless so they can avoid possible litigation and investigation as to why member could not get their money?
If members buy something like this BS Stock it is a win, win for Crypto888?
All these so called leaders from Asian countries are filling up their pockets with bullshittng their down lines with big plan in the future…wt the so called BS crypto888..
People wake up and do your own research…
Crypto888 aka Octacoin is one big scam, period! Now mainly targeting on peoples money in China and other Asian countries.
Since february not paying any amount of pending withdrawals and consistently declining any new withdrawal requests without any further explanation.
Don’t invest in this buch of criminals, you will lose your money for sure. It will be just a matter of time now before this whole fraude will collaps and owners are prosecuted.
Yes am tired of monies being declined and not transferred without valid reasons.
Did you hear the latest..I got this text which is not even updated from Sennet holdings to our emails.. our Asian leaders sent thi, read below:
What do you make out of the above??
Haven’t received anything in the email from the company yet. ..did anyone hear Anything yet?
My monies too have not been in since February… looks like they’re complicating the whole system.
Well Su, this is the latest official newsletter we received today:
So now they are taking our money from cash accounts and use it for buying gas shares, without our consent.
I think this is an illegal and punishable act.
This is ridiculous ..everyone given a dateline to buy oil and gas by Monday @ a ridiculous price and then they disappear again for a week for maintainence…WTF@#
El,Yes This is all without our consent- definitely punishable….They haven’t paid us our monies-long overdue.
There’s no such thing as a “European Stock Exchange”.
Here’s a list of all the stock exchanges in Europe, none of which are known as “The European Stock Exchange”.
NOLINK: en.wikipedia.org/wiki/List_of_European_stock_exchanges
Yup That was my next question..wheteher it was listed?? So everyone is beung taken for a ride with their BS hype in new changes… How can they so blatantly lie…
They have to be penalized soonest and Interpol shld scrutinize this crooks…!!
Wow, this piece of cr*p makes Mrs. Vicat’s Onecoin nonsense look almost credible.
The appropriation of funds and ‘Maintenance’ mode sure look like an exit strategy to me.
Re Interpol: Su, it doesn’t quite work that way.
First essential step is a complaint must be made by a victim to their local police. Cyber stuff is usually forwarded to a national squad to deal with and, if they find an international connection, they then contact Interpol for a co-ordinated approach.
Hi guys, i read all your comments. Somebody asked me too,to join by investing my money.
After searching on the internet i find a lot of things. For me it is very clear that this is a very big scam.
If you really want to bet and lose your money, go to a casino (not theirs of course) and play/losewin your money in one evening. Then you know the same night if you have lost it or not. It saves you a lot of stress…..
@El Toro
So now they are taking our money from cash accounts and use it for buying gas shares, without our consent. I think this is an illegal and punishable act.
It most certainly is, unless members have given them POA to their funds and it is not segregated? They are taking all the money in exchange for worthless paper.
Lets see what the outcome is after Monday?? Never seen any company with such confusing changes!!
I agree Su, I’m very curious to find out. Let’s hope for the best.
Let’s hope for the best and expect the worse!
Could you elaborate? What does ‘the best’ mean?
Well Char, for me, “the best” would mean, a turnout where everybody gets their money paid and Crypto/Octacoin Capital will turn out to be a legit company that will last for years to come.
Wishfull thinking? ……we will see next week when the website will get out of maintenance and the company will give us more details about all the new changes.
Everyone needs to have a little dream.
No matter how crazy it sounds.
Hi, any news yet?
John
@el Toro
Sell your account and get out.That’s how i Did it!
Or use vouchers and get your money back.
How and who did you sell your account to El.. are there takers?
The plan is all for their gain I see. I’d rather do my own bitcoin trading than to wait for yrs with ths fortune seeking company… all a crap.
No way anyone will come into their new system. Did they even show us their public listed cert?
Re: the NASDAQ connection:
On their FB page facebook.com/CryptoInvest.OneCoin.OctaCoin/posts/1551875005108305:0
they announce:
NXChain are indeed Nasdaq listed under nxcn nasdaq.com/symbol/nxcn and appear to being reversed into by LXC Coin ltd. based in London.
lxccoin.com/ (not librexcoin, also using lxc)
They in turn, have a very low Crypto profile, but a quick scan shows they make appear to make some sense.
The only things missing are:
-A confirmation from NXC or LXC of Octacoin link up
-A reason why a legit looking PoS operation needs 888.
But I’ve only happened on this by chance and haven’t had much chance to look deeply into it, those with more involvement should search the above names for more info.
Thanks for your input tmfp.
Well lots of them are confused about the changes..and seem all so confusing for the layman. Everyone’s looking for quick gains so don’t know if it’s viable but I am definitely out of ths soon.
Every sort of income scheme claims some sort of secret. Remember Madoff? NO ONE knew how he’s producing those consistent returns. Turns out he didn’t do ANY investing.
Yes he got caught in his own game-Madoff!!
Getting new investors to pay off the earlier ones seems to be the norm in ponzis.
So you stole money from someone else?
Do you plan on stealing money from others too?
Waiting for years will never happen. This is a criminal operation and not a ‘company’.
The norm? That’s what a ponzi is and why they are illegal.
What do you mean steal from others Char? Just asked how to exit and get some money out.
I notice they are luring people to keep buying and buying wt the promise of gas shares going up… all falsely hiked up to gain themselves but no talk of when we can sell and opt out. crazy deal.
NXChain is NOT a NASDAQ Listed Company, another lie!!! They are an OTC tier QB that is a Shell Company with little or no trading.
No merger has been completed yet either to date. You may want to do some Google DD on the people that run LXC Coin.
If you bought what you thought was a real diamond ring for 10k and then found out it was fake, what would you do?
If you turn around and try to sell that fake ring to someone else, you are essentially stealing money from that buyer and dealing in fake goods.
If you go back to the original seller and demand your money back, that’s different.
Get it?
Mr.r00t sold his fake account to someone else and scammed them in the process.
Char…do you know me? I think not, and for the record, i sold my account back to my “sponsor”. I haven’t sold anything.
You Judge way to fast man.
But i do know this,people at the top are Making lot’s and lot’s of money,i’m talking about 300.000€-400.000€ a Month cashing out vouchers.
It wont last.
Stay frosty!
NXChain is Nasdaq listed. Go to the official website of nasdaq.
(Ozedit: Offtopic derail attempts removed)
It’s not frost. It’s impatience for people that participate in these criminal ventures and take advantage of others.
I AM glad it was your sponsor instead of some innocent old lady, but I’m confused.
You said you didn’t sell to anyone, but then you ‘sold’ to your sponsor. Is your sponsor trying to get out, or is he a believer? Did he think he was helping you, or getting a good deal that would grow his fortune?
Oh Really, you have no idea what you are talking about! It is a Bulletin Board Stock and is now ay near qualified for NASDAQ, just more BS
OTC = Over The Counter The OTCQB is the middle tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group.
otcmarkets.com/stock/NXCN/quote
NXCN NXChain Inc.
OTC QB
otcmarkets.com/stock/NXCN/quote
It is NASDAQ listed
nasdaq.com/symbol/nxcn/stock-chart
I am a lawyer and an investor. And I know the game behind start-up businesses and even those that are well-established.
All I can advise is read books about finances, leadership, self development and marketing.
Grow your mindset. Associate yourself with like-minded people that are credible. Take risks. Know how to manage risks.
I am too busy getting rich, helping my family and contributing to society.
So goodbye! 🙂
^^ I hope you don’t trash your professional reputation too much. All Ponzi schemes collapse in the end.
By all accounts nobody (except the owner(s)) are withdrawing funds from Crypto 888 Club. Enjoy those numbers on the screen while it lasts.
I am also into traditional businesses. Stocks. Mutual funds. Investment. Charity is also part of my huge interest.
It is a huge blessing to have assorted associates and colleagues. From lawyers, bankers, in the media, corporate and doctors. Businessmen who are traditionalist with tangible products. Businessmen who do franchising. Internet marketers. Inventors. As well as investors who play safe. Investors who take risks.
I highly recommend everyone reads Robert Kiyosaki’s books about finances. There are so much of them.
As I always say, the key is financial literacy.
Here’s a tip for you:
Knowing how to play ponzi and pyramid schemes is not “financial literacy” it’s fraud, pure and simple.
Read books about finances.
Get yourself educated. Enroll in classes if possible. Attend also in self-development,marketing and leadership classes.
Talk to people IN PERSON. Talk to people who come from different industries – media, marketing, politics, business, law, investment, health, real estate, banks.
Have daily conversations with wealthy and successful people. Have conversations with the poor and unsuccessful. Learn from them. I would like to emphasize the words “talk to them in person”.
These experiences will help you lay a foundation in making decisions about investments in the future – investments in start-up businesses, well-established businesses, franchising, stocks, mutual funds, cryptocurrencies etc.
Hence, when you make a decision, it comes from you and no one else’s. That gives you more power. And hence you don’t have to rely your decisios from your parents, boss, colleagues, friends and even the internet.
Your number one weapon is financial literacy.
What does books about finances and finance education classes have to do with investing in ponzi schemes?
All I see is a load of offtopic waffle from someone desperately trying to justify their part in financial fraud.
I hope you’re better at law then you are at business.
I am VERY good in both.
Readers are leaders. Leaders in the courtroom. In the office. In business. In the family. In organizations.
Leaders are intelligent enough to know who and where to find CREDIBLE information.
Yep… well hopefully your waffle works better on your victims than it does on people educated on Ponzi schemes.
What the h*** are you on about ???
Seriously – a well read ponzi / pyramid player is as much a criminal as one who is illiterate.
Leaders are also intelligent enough to realize when they are mistaken instead of only finding stuff to confirm their own beliefs.
Financial fraud is not covered in books that you mentioned other than a general gloss-over.
What you got there is known as attribute transfer… you believe that knowing about new fintech somehow made you an expert spotting fincrime. It doesn’t.
As a lawyer, I am proud to have defended victims of not just scams, but including victims of rape, assault and murder.
Remember, get yourself financially educated through books and classes. Invest more in your self-development and financial education than in business entities.
Once you have mastered that craft, then you can start engaging yourself in the world of business and investments. It will be a great journey.
If you want to be a lawyer, go to law school and learn from a good credible senior lawyer. It will also be a great journey.
Ciao everyone! The internet is a funny place.
And now he’s recruiting victims into them. Man, this guy has no shame.
If you click under InfoQuotes, it says very clearly, it’s traded in “Other OTC” market.
nasdaq.com/aspx/infoquotes.aspx?symbol=NXCN&selected=NXCN
Clearly, your knowledge of NASDAQ is quite lacking for all your boast of being financially literate.
I think we have a troll, Oz. This guy knows nothing except grandiose speeches.
Probably. Guess there’s not much else to do when you’ve invested in a Ponzi scheme that isn’t paying out.
Like your hit back Oz and the others at “The Real deal”.Don’t care what his profession is but Probably he’s a leader..
made his bucks and now can’t take the crap out of others.
Questioning the credibility of this company…wonder if some people even have a conscience. .sigh!!
If the end result of all the “reading” and “education” and “classes” you claim to have undertaken is your recommendation people join pyramid and ponzi schemes such as Crypto 888, you may have just set back the financial literacy rate of readers by twenty years.
I am suprised the majority of the custumer are from China, 8 its a magic number and they cant read english to google some of the name involved, and the history they have (google translate!!!)
Take a look at the chinese stockmarket bubble, they love risk/gambling perfect for such companies for some easy bucks. The show goes on.
Here’s some of the best ‘reading’ I’ve found about network marketing. It’s remarkably detailed and very thorough.
Everyone should take the time to read it!
financialindustryscam.com/mlm.htm
LMAO..ssssssssure you are.
You’re just another assclown that needs to pump u this scam so they can at least get their money out.
Crypto888 is a scam from the Notorious British Conman Nigel Allan.
@The real deal
You forgot to mention “IDIOT”.
Hi guys,
I’m also a member of the OctaPartners Club. I’m doing some kind of research now.
Did anyone receive his PFS or another prepaid card? No, I suppose.
Did anyone get money out of the company by withdrawal request to his bank account? Some of you I suppose, but neither I.
A weekly profit share of 1% guarenteed? If it’s locked for 26 weeks, everything is possible, even 1000% (just on your screen).
Accounts in crypto888 were blocked/suspended if you were a member of another MLM company….
ISIN numbers of the oil/gas shares? Did anyone receive this????
Octa Capital Group/ OctaPartners UK Ltd/ Senet Holding ltd / Octanium ltd ??? Wtf is this bs.
I hope I can get my money ASAP.
@8coin
You, we all have been taken, picked to the bone
Reality has set in!
@scammed
yes ofcourse, i came i saw and i knew it was too late.
Hi, have some friends that put in some money in this, curious to know what´s happening. I´m worried about them losing their money..
Try reading some of the recent comments above…
Well Oz, I did. But I´m not sure I do get all of it.
Does anyone get their money out of the system right now or not? I understand that they have made several changes but you still have our account intact.
I do my best to talk them out of it, but I have to little “inside” info cause I´m not a member myself.
My closest friend asked me two months ago if I had 6000 euro’s and when I didn’t have it, ask my children. Because she said I would be a millionaire in one year.
She urged me to step in, but she refused to tell me more. I saw her new fb friends appearing out of nothing. It triggered me what was/is going on.
She wouldn’t inform me on the phone, me and my husabd had to come to her place for a few hours of info. I was already envolved in network systems and a little bell in my brain told me this was also a piramid system, a new kind of sofisticated network sceme.
i did some sherlock holmes investigation and came out with the octa plan business. I confronted her and she admitted that she was working hard convincing people to step in. She is giving info sessions to recruit others.
She is 70 years old and she thinks she is working very hard for a lot of money to have a very good pension.
What I did discovered here makes me shivering. I want to protect her but she isn’t listening, she is convinced to get rich in a year’s time.
I do find it strange no official investigation is going on, this is fraude or not?
She is still trying to convince me to step in but I am not. I don’t trust it!
Am I right or not?
Can you buy milk and bread with this Octacoine. THey have a ipo looks fantastic only goes up.
@Snooky58
Not much you can do unfortunately. Your friend is chasing recruitment commissions in a Ponzi scheme.
You can explain this to her (go over the business model), but more than that she has to realize the scam on her own.
Ponzi and pyramid schemes are fraud, however regulation is typically reactionary.
These new breeds of pseudo cryptocurrency Ponzi schemes intentionally operate out of EU and Asia, because Ponzi regulation there is even slower.
@Small
Unless the IPO is in the company name you’re investing, it’s a shell company set up to evade authorities for as long as possible.
Putting aside the Ponzi points business model, no legitimate company has a good reason for doing this.
Hmm, I read this about 6 months ago or so.
I told everyone around me they shouldn’t do it because of the obvious reasons. there’s no such thing as gaining money while literally doing nothing. However certain people around me did it and one of them cashed out about 40.000 Euro recently, so now the people that didn’t invest at the time want to invest now.
I still tell them not to do it. But all i can really tell them is that i read on a forum that it most likely is a scam and won’t get their money they then refer to the one guy who got 40k. And now i’m here left without a reply.
How do i get some sense into these people? Like there’s evidence of them just lying about stocks, etc, etc.
Ask them where they think the “one guy” who got $40,000 got the money from. And make verifiable proof a requirement, don’t accept any “the guy down the street told me” answers.
We know the answer is gullible suckers like them invested and gave it to him, but see if they’re able to reach that conclusion on their own.
If not they’re probably lost causes.
People who have no problem investing, receiving stolen funds from people who join after them and don’t ask any questions flock to these scams.
Only so much you can do to warn those you know I’m afraid. Ultimately some of them just have to lose money.
Or worse, make a bit, get hooked, spend the next 10 years chasing the Ponzi dream and lose to the bigger hustlers.
Alright,
I guess they’ll either trust me or learn the hard way.
Thanks!
Can anyone tell me how we know that the gas company they are claiming to invest in is real? And how do we know that the gas shares are going to rise?
Why do they use so many different names? How do I find them on NASDAQ?
Thanks if anyone can answer my questions.
@ sky: the gas company exist, but Octa doesn’t have any shares of that. Because you don’t receive the shares certificate and the ISIN numbers, it’s a virtually share, just a digit on your screen 😉
about the many names, you mean : octapartners, octa capital group, octanium? You can not find them on the NASDAQ because they are not listed. By the way, it’s not because it is Nasdaq listed, it is a good company (remember Madoff)
NXCHAIN you find in the nasdaq list, but don’t expect too much of that. the CEO of the LXC coin is Henrick Ellefsen, please search his name on Google 😉
Like all of the people of crypto888.
Thanks for your reply Coiman!
1.) Does this mean members are actually not investing in gas shares?
2.) I have not heard of Octanium and you are right I cannot find anything starting with ‘oct’ on NASDAQ.
3.) What do you know about the online games they claim to invest in?
@Sky — you’re going about this the wrong way.
It is not our burden of proof to “disprove” Crypto888.
They made the claim, THEY are supposed to PROVE (to your satisfaction) that their claims are real by providing evidence.
If they did not provide evidence, and/or provided only very weak, circumstantial, and/or potentially fake evidence, and/or unverifiable evidence, or used another claim as evidence, then they are bogus.
Obviously YOU have to decide how much proof is enough for you to be satisfied, but given this is your money, it should be “quite a lot”.
If they are bogus about one thing, it is HIGHLY likely they are also bogus about all the OTHER things they claimed. This is known as the cockroach effect: if there’s one, there’s gotta be more.
Finally, I leave with with some words from Scientist Carl Sagan
“Extraordinary claims require extraordinary evidence.”
Don’t settle for less.
Hi K. Chang,
Thanks for your response. I ask questions for my own reasons. From the research I have done so far I do not trust this company and have never had any desire to become a member.
I only decided to look into this after being told about this company by a friend. Unfortunately my friend knows a fair number of people who are members and seem to believe the lies they are being fed. This is why I wanted to know what was real and what wasn’t.
I think there should be no inconsistencies in what this company tells us. I just wanted to know more about the claims they were making, hence the questions. But I suppose these questions have arisen to begin with because I could not find any verifiable sources to answer them myself.
Nevertheless, any more insight into this company is welcome.
I sent a question to CPC Corporation, Taiwan asking if they ( or any other Taiwanese company) have any interaction with a company named crypto888, Octa Capital Group or maybe Octa partners in a gas project.
It took some time to get an answer but finally got it and CPC claim they have no joint venture with any of these companies!
“The things they say on there web page are not true” as the reply stated!!
One more thing to add to the list of this ponzie!
NXCHAIN is a NOT a NASDAQ Traded Firm. They are an OTC (Over The Counter) Shell Company that does not even trade and LXC Coin was supposed to merge with them and that has yet to happen either.
I sent an e-mail to the CEO of NXChain a few weeks ago who confirmed that they have no association with OctaPartners/Crypto888.
@Scammed, had no idea that NXChain and LXC Coin were not together yet.
You see, the company will collapse and the leaders are going to leave with our money.
I intend to launch a lawsuit to the European Court in The Hague for all non-European and European victims. A group set up on Facebook for all the victims seems useful then we can start a fund. they will certainly be condemned to repay, but we must be quick.
The shares doesn’t exist, the withdrawals are continiously denied and cash is going to mandatory account. We must stop them.
A group on Facebook : Victims of OCP must be started but we have to be careful, even if you have money in this horrible company.
I support to the European Court to prosecute, count me one, I must take part in, I have too many victims! ~ can’t let go of them.
Can you clarify what you mean?
I have a lot of friends and relatives including myself are invested a lot, so I have enough screenshot evidence goes to court sued mark capital! ~
(Ozedit: attempt to take discussion offsite removed)
Yes we should start a Fb page and launch a lawsuit against them. .make police reports also against yr local leaders who have made millions from all the downlines and still hoodwinking them with empty promises.
They have also called off the Pattaya event in my emailed received today and capitalising on the gullible China market.. Please let’s stop them before more poor people are robbed off by them.
This is SERIOUS MATTER mates!!
you can find it on “OctaPartners Victims” on fb. Let’s work together.
Hi,
Not such fb group to be found on facebook. Is it still under construction?
The would be victims are sticking to their groupleaders. Not willing to open their eyes for the worldwide fraude. Not accepting or not willing to acknowlege the piramid structure behind this.
Reading the many facebook account members promising hugh profits. Many people ther savings are lost forever.
I am ridiculed when I try to warn them, opening their eyes. They foreseen wealth is blocking a lot of minds.
I think the fb group mentioned above is or deleted or not existing.
It is under construction, please watch one more time.
The website is not available…probably it’s been taken down.
Need a start up again I guess.. not a single cent coming in and looking for more investors into this well planned scam.. China main target..
A friend has invested 270k euros and has only gotten back 70k in the 1st 2mths of investment. .before it made a turnaround and stopped paying dividends. .game plan was get paid weekly with high returns than change the whole modus operasi. .blady professional thieves. ..
If he did he is a hell of sucker.
The fb group still doesn’t exist.
Any updates so far.. anyone?
OCP going to Thailand, Pattaya! willbe awesome, looking forward. Think I will be stinking rich.
No more updates. .so they made their pile and keeping quiet. International crooks.
Where is the Fb page on crypto scam.. can’t locate…
Any news here? I have a friend that have invested 20k euro, he said he has been getting payouts already, when will this scam collapse?
friend of mine just invested 6K euro without little objective research.
Its going round like crazy on the company floor, people convincing people to buy in. Scary.
Oh no. This has to be stopped…they are being taken for a ride.
Social media is the only way to blacklist them soonest. ..
The worst is that current members persuade their family and friends to join and because they trust them, they often don’t do their own research which allows the scams to continue.
Are they still not paying anything?
El Toro, did you get something from them or nada still?
Company will run by the 5 th of september under a different name : nano club
octapartners.it/
Uh what, old Ponzi points collapse so just launch a new one?
Bloody hell… who takes these guys seriously?
No, the BV will stay for everyone, money from old investors will stay 6 months locked, money from new investors now 1 year, it’s for the big deal they say. 3rd time in 1 year they changed their name and compensation plan…
Well everyone…..i just wanted to say hello and say: What did i say, and that all my warnings against this shit people came through…but did GREEDY people listen? NO……….
Stijn Vanstralen (belgium) the worst scammer ever
Bjorn Thomas (sweden) no more info about him needed… asshole.
Jarle Thorsen (Norwegian) from Plexpay, Unaico,T5PC Bidyfi etc etc
Terje Hvidsten Norwegian
Tim Vermeien Belgium
Helle Scmidt Sweden Pyramide Queen
Frode Jorgensen Norway Plexpay, Bidify and all other scams
Josep Tran Sweden Sweden
and so many more…can other help me with the list of the rest 🙂
twitter.com/SCAMTerminator/status/773910523389751296
This link should be updated with more people, and people should put this link and txt all over the global world as a public WARNING so we can make sure we do some damage controll here.
Don`t forget Nigel Allan on the list.
And Agnieszka Luczak & Pieter Van de Vyver also takes money in the name of this….
Someone invested in Nano Club, same club as Crypto?!
Yes Nano Club is a relaunch of Crypto 888 Club.
HOT NEWS:
Mr. Jarle Thorsen the founder of many scam operation, sitetalk/uniaco/OPN/crypto888,a very close friend and personal adviser of Mr.Sebastian Greenwood (OneCoin) has just launched a new Scam after leaving his last positions from Crypto8.
Thorsen and Notorious British Conman Nigel Allen and ofcourse Mr. Bjorn Tomas are there to make another hit and run, the new game called Poweronnetwork,
youtube.com/watch?v=QPUi6DSxrfw and the new Crypto coin is called XeCoin.
Please spread the word around and don’t allow these savages getaway with it this time.
whistleblower do not forgot the BIG scammer Stijn Vanstraelen from Belgium, he is humping together with all this scammers…… same his friend Tim.
twitter.com/SCAMTerminator
Make sure to put all this people all over internet so people dont need to lose more money to them, this people should all be in jail for life.
stijn vanstraelen is a known scamm artist and fraud he is under investigation by the authorities in country:
PROJECT YOLO, SOCIEDAD LIMITADA Dirección C/ ASDRUBAL 6 3º
Población CARTAGENA Provincia MURCIA
ANN RAMAEKERS Apoderado 2015-12-10 11 meses
STIJN VANSTRAELEN Administrador Único 2015-11-30 11 meses
this is the beginning of the end
Sorry for the late reply, still nada!
Luana; This is about Nanoclub or a project in Spain?
El Toro : What can we do ? They are still recruiting new members … what do they do with that money? Only pay out commissions?
Cor all seeking info, this is inderdaad the nanoclub scam..
Now hear Jarle in Ormeus. He works with Nigel Stijin Bjron Frank to do deal with nano into Ormeus. Nigel to in Ormeus and all of them bring there team of scammers.
Beware of them they are thieves and stay away from company they do.
My team of 50k members will not join Ormeus until all of them are gone. Do any people know what county these people are located? Do any one know how they are not in jail yet?
Jarle and Nigel Sebastian take over $100,000 EU from my team in Crypto888 and Nano. Many people are looking for them.
Stay away from the liars or they will steal from you and corrupt your company and team.
Urban turnsek TOP ORMEUS SCAMMER!
True Urban working with Jarle and Nigel. My sponsor in Ormeus went to hong kong meeting and saw nigel, jarle, frank and urban there.
there is no doubt they are involved and must be stopped. I hear today that rest of Europe tour stopped because people do not want jarle and his team involved in ormeus.
My sponsor lost 50000 eu in nano and we will stop at nothing to bring jarle and his team down. we will pursue ormeus if they allow jarle to be involved, he is a crook and needs to be stopped.
Anyone have any other info on Jarle and his scammers, please post here they have stollen too much money from people who trusted them.
Jarke Thorsen Was IN JAIL IN PAST AND THAN START UNAICO SITETALK SCAM.
AFTER THAT BYXPRESS SCAM WITH URBAN TURNSEK AND NOW BOTH DO ORMEUS.
Nigel are in Dagcoin! One really bog looser.
Hello.
Did this shit go down today?
I really hope so.
And the people in Sweden Joseph Tran Anna Hemmingsson and more of the Nano nano people is promoting Ormeus big time now.
And no one has shown the audit. Just a big scam like Nano.
But there is hope for humanity, there are legal real companys that do real mining with dynamic contracts stationed in Sweden.
If the company expands we will have bettar Hashrate the month after.