BizzTrade adds crypto fraud with BizzCoin
About a week ago BizzTrade, a Ponzi continuation of the BizzTrek pyramid scheme, announced it was jumping on the crypto fraud bandwagon.
And so we have BizzCoin, another shitcoin that gullible Ponzi investors will eventually be exit-scammed through.
BizzCoin was quietly launched a few months ago. It’s an ERC-20 token that can be set up in about five minutes.
After being accumulated by BizzTrade’s owners and circulated among their inner circle, BizzCoin was listed on Bilaxy on or around April 2020.
Bilaxy is a shitcoin exchange with a few thousand users. It appears to be operated by anonymous Chinese speaking admins out of Asia.
After debuting publicly at 39 cents, today BizzCoin has a public value of 44 cents.
And I use the word “public” in the most broadest sense, because naturally outside of BizzTrade there is no interest.
Since being generated BizzTrade have been flogging BizzCoin to investors through packages.
- Starter – €50 EUR
- Pro Starter – €100 EUR
- Business – €500 EUR
- Pro Business – €1000 EUR
- Trader – €5000 EUR
- Pro Trader – €10,000 EUR
- VIP – €25,000 EUR
And seeing as BizzTrade generated BizzCoin out of thin air, they’ll generously give you a daily return on whatever you invest.
- Starter and Pro Starter investors receive up to 0.4% a day
- Business and Pro Business investors receive up to 0.6% a day
- Trader and Pro Trader investors receive up to 0.8% a day
In case it wasn’t clear, these returns are paid in BizzCoin. BizzTrade offered the same returns but in actual money.
And that brings us to why BizzCoin was created.
Cryptocurrency allows Ponzi scammers to “pay” returns using an in house shitcoin.
As creators of the shitcoin, they can assign themselves whatever ridiculous amount they want, before going public.
It is from this shitcoin balance returns are paid out, and being publicly traded they don’t have to honor withdrawal requests.
Can’t sell your shitcoin to actually cash out? Oh well, supply and demand.
The end-game here is hyping BizzCoin in the hope gullible schmucks jump on board. Here’s an example from BizzTrade’s official BizzCoin presentation:
That projected return is of course based on nothing. It’s literally plucked from thin air.
If BizzCoin pumps, the owners and early investors cash out. That dumps the public value, leaving those left with bags of BizzCoin they can’t cash out.
The MLM industry has seen this scenario play out time and time again. Yet there never seems to be a shortage of gullible investors willing to flush their money.
Taking a step back, BizzTrek surfaced about a year ago. By October it was on the rocks, prompting the launch of BizzTrade.
Six months later in an attempt to fend off pending withdrawal problems, BizzTrade has launched a shitcoin.
Be it a forex trading Ponzi scheme or shitcoin magic money Ponzi scheme, at no point in its history has BizzTrade registered its passive investment opportunity with a financial regulator.
And if the company’s recent “launch event” is anything to go by, BizzTrade’s principals have already relocated from the UK to Dubai.
You know how this ends.
Update 29th November 2021 – BizzTrade has deleted its “launch event” video from its YouTube channel.
This article originally contained a link to the video but following its deletion, the link has been removed.
Update 5th January 2022 – BizzTrade’s BizzCoin crypto Ponzi scheme has collapsed.
BizzTrade has rebooted as BizzTradePro. The Ponzi scheme is now run through BizzCoinPro, a reboot of BizzCoin.
You forgot to mention some significant information about the ecosystem which is fully functional and you can use Bizzcoin to pay for travels hotels flights products and other services. Which other crypto offers you this?
Bizzcoin commissions can be withdrawn to your bank account from your back office.
Bizzcoin is on Bilaxy, FATBtc, (more to come) CMC and Coingecko and it just launched for 2 months ago. The market price has a solid growth.
The Company is transparent with their trading accounts so yes there is real trading going on. Bizzcoin and BizzExchange are licensed out of Estonia.
The owners of Bizztrade are real, living people and always available for support. If any of you who is reading this article wants to do a proper research please ask questions. All the answers and evidence are there to prove this article wrong.
Behind MLM is losing it’s credibility I think. The site is releasing irrelevant lies on almost all the network marketing companies just to create traffic and attention.
I didn’t leave anything out that wasn’t relevant to the MLM side of the business.
No you can’t. Name one third-party merchant that accepts BizzCoin.
What happens on the backend is BizzTrade sends real money to merchants (invested funds) and deducts the equivalent BizzCoin funbucks balance from your backoffice.
Every MLM shitcoin scheme that tries to fake usability with services that nobody outside of the investment opportunity uses.
An internal exchange that will pay out as long as there’s a newly invested fund balance, or the owners do a runner.
Step 1 in the exchange exit-scam model is get listed on dodgy exchanges. Check.
Feel free to provide to BizzTrade’s FSA license. Or better yet, proof BizzTrade has registered its securities offering with financial regulators in jurisdiction that matters.
Outside of money laundering, basic incorporation of shell companies in Estonia are meaningless.
Fraud is fraud. Stop making excuses for scammers.
Which is possibly of interest to people living in Estonia, who might even be interested enough to try and find out just what it is they’re licensed for. Who knows, maybe they’re licensed to sell alchohol, or operate a taxi company, or fish in Estonian inland waters – any of those would make your statement completely truthful.
But please explain the significance of any kind of Estonian license to anyone who isn’t in Estonia.
Bizztrade is Launching Bizzcareer on May 25th 2020 and will also launch their own Bank oj September 5th 2020.
Ponzi scheme that’s gone through three reboots in just over a year promises to launch its own bank hey?
Gee whiz, how many times have I heard that before…
Not one of the bizz coin people know about blockchain or how it works promoting hot wallets as secure is a bad move (hackers dream). Cold storage is the most secure.
I know people in this cult! yeah that’s right cult none of them know how to trade. How is hitting a button trading ? You need to learn about support and resistance fibs, vol and more.
Ive been in the cryptocurrency space for 4 years learnt economics and how to trade successfully.
I can see a scam a Mile off It’s just like ONE coin…scam!! No such thing as a get rich quick scheme only the lotto!
I hate to admit it but it looks like this is potentially shaping up to become the next Onecoin type scam.
I listened into a zoom call today with so called financial expert (ex investment banking background apparently) called Fareha Qadri and she was telling people to cash their cryptocurrency out into shopping gift cards and NOT your bank account otherwise you have to pay tax! I mean wtf kind of advice is that from a financial expert??
Fareha if you ever read this…I hope you realise that you are encouraging people to partake in TAX EVASION which is illegal.
Very unprofessional and incoherent zoom call littered with ambiguity. I’m definitely reporting these fraudsters to HMRC.
This company is solid.we know the guys for 3 years.they are proper family people.
They trying to help every one. The person who is writing these negative commits he must be an enemy to them.
There is not one company I can trust without Bizztrade. They will here forever.
And with Eco system this coin will leave lots of coin behind.
I would say to that person who saying its scam. shut your mouth you will be skint and people will become millionaire soon.
This just in, family people can’t run Ponzi schemes.
See you when BizzTrade doesn’t defy the laws of mathematics and collapses. (Not) sorry for your loss.
Three years, three reboots. Not one millionaire (except perhaps the owners).
But who’s counting? Oh wait, you are.
Mohammad shafi…you can just about put together a sentence in English. I almost needed a English translator to read your message.
Show us proof of the millionaires. I’m not talking about the “virtual bizzcoin value” on your dashboard but actual bank screenshot with withdrawals from this company worth more than €1 million.
And then I’d love to see a tax return to verify the income. I bet you cant do it right?
Hi
We can see what company earns everyday.. Its wallet is listed on google play as well as App store which is not an easy task
It is very transparent company as well as the owners look genuine and even bizztrade is giving withdrawals
they are trying very hard for this to succeed nd so far they are on right track….fulfilling everything they have said
At the end of the day its upto the person who is investing to do a proper background check of the company and not just a blog written by a third-party person.
And this is audited by whom? Oh right, it’s just whatever the schmucks at BizzTrade put together and shove out.
The owners look genuine do they? Wowzers.
Face it, as long your
getting paidstealing money you don’t care where it’s sourced from.Agreed, provided they know what they should be looking for.
Otherwise you get dumbasses running around the internet claiming blatant scams aren’t scams because “the owners look genuine”.
This is 100% a ponzi scheme just like onecoin we had in the past.
Specially people like fareeha qadri telling people to change their mindset and invest in bizzcoin and become a millionaire…really? Just like that, WTF!
You guys have no idea … Check out Coinmarketcap !! .. i have over 32k in bizzcoin and that gives me 650 euros into the bank week in week out ..
you eejits always try to discredit a company without the knowledge ! .. they use our money to trade on the Exchange through a company and pay us very well for using our money ..
you people make me laugh .. keep dreaming guys .. working for the rest of your life ..
There is another guy from Birmingham UK who is very pro active in this scam. His name is Haider Mustafa and he works alongside Fareha Qadri and his main market is the ethnic asian community.
If you google his name alongside Bizztrade, you will see plenty of info on him
@Lee
Right. And where do you think that money is coming from?
Feel free to provide legally required audited financial reports proving this claim.
There’s a reason BizzTrade fled to Dubai and commit securities fraud the world over.
Lee….another dumbass bizzpimp who assumes everyone here are “haters” and work in a regular job. Since you shared your earnings….let me share mine.
Year Ending 31st March 2020, my business turned over a 7 figure revenue (that’s over a million btw) and i take home a monthly five figure income. All verifiable, legit, financially audited and taxes paid and with no investors/ponzi required.
was approached to join bizzcoin/bizztrade. After 5 minutes found out that its a scam just like one coin.
kept telling everyone about one coin scam and they believed the hype.
Good luck guys but this is not going anywhere.
Tonight’s brainwash zoom call revealed that they have taken $16 million in bizzcoin.
Not sure if these figures are accurate or if they are falsely reported in order to motivate the gullible followers. Hope they are paying their taxes.
1. I’m not sure what “taken” is supposed to mean here. They sold BizzCoin for that amount? They somehow made a profit that size by buying and selling BizzCoin?
Whatever it means, it seems to be numerically impossible.
This shows the state of the token: etherscan.io/token/0x7a8ca2f815a260660158a38c34ca321a3605ecfe
They’ve created 320 million tokens, and on the only exchange where it’s traded it’s supposed to be worth around $0.50. So the theoretical market capitalization is $160 million.
However, 99.5% of those tokens are held by just two addresses (92.1% and 7.4%), which must be the company owners themselves, leaving just $800,000 worth held by just 414 other addresses.
With only 414 people (assuming nobody uses more than one address) other than BizzTrade’s owners possibly having bought any tokens at all, with a total nominal value of only $800,000, how can those owners “have taken $16 million in bizzcoin”? (Those 99.5% of tokens they created and still hold of course never cost nor earned them a penny.)
2. Even if they had “taken” $16 million, in terms of financial markets that’s laughable. That’s not even spare change.
To say that first, I only invested 50 euros. But I am interested in building a downline there, so I am highly interested in finding out, if they are honest or not.
The arguments you bring are all logic.
Only two things:
1) you say , the owners look fancy. They do, but that’s not the point. The point is, the look ( and the way they appear as a whole, so look, talk, bodylanguage) honest. If they are or not, I don’t know. But in an objective article, this should have been mentioned.
However, that’s just how they appear.
2) the real thing I am missing in this article, is , why didn’t you just ask them all the questions/ all the critic points?
I mean, if they know, you are from behindmlm, they should take the time to give precise answers.
Or if they don’t, THAT would be a big negative point to mention.
But when I declare something as a scam, I should first talk to the persons an check, if the can deliver me clear proofs of my critic points or not.
By not having done that, you also don’t deliver real good facts.
I hope you will do it, because I would really be very thankful to find out if this is (or is not ) something to work with.
I had contact with one support person, I leave you his email here, so you have a place to talk to. ( sure, better would be if you get in contact with the CEO s).
Another option, my upline is in contact with dr arslan. And he is in contact with the CEO s. So this would also be a way to ask all the questions directly.
My impression is, they are very transparent, so you should give it a try.
If they are honest, you destroy people’s future.
If they denie talking or give unlogic or unprecise answers, you have really brought us important info.
The support email: (removed) (Farid Ladhani).
If you want contact to dr arslan, write me an email and I will contact my upline.
Greetings from Germany.
Jan Hensel
And two more things came me in mind (and once again, I just want clearness, not promoting this).
To your point, most of all coins are only in two addresses.
The normal way is, that you buy a package, and the money from that package will be traded for you.
So logic, that all this money is not into different accounts.
So it is possible, that the mentioned 16 mio are paid, even if outside of these two addresses there is only coins worth 800 000. As mentioned above.
Second is, they force you to change your password once in a month. This is a bit stressful, and really not typical fraud style. My opinion.
I hope I motivated you to dive deeper, if they are a scam, I would be really shocked.
I am really looking forward to what you will find out, If I can help you in any way to get in contact with them, i will help you my best.
I was so happy, i found something nice to work with.
Just invested 50 and only one referral with 100 so far, so no lost at all. But I was really looking forward to start with that, so i am very excited about what will come out.
So let me get this straight, you have all this contact info yet cannot refute BizzTrade running a crypto Ponzi scheme.
Our reviews are written from the perspective of the public. The onus is on an MLM company to provide due-diligence to the public.
Failing to do so will reflect harshly in our review.
As it stands the facts are BizzTrade started as a pyramid scheme. That flopped so they tried forex fraud. That flopped so now it’s crypto fraud. Oh and “the owners” have reportedly fled to Dubai.
Contacting scam support doesn’t change any of that.
BizzTrade is selling something they call “BizzCoin packages”. These consist of a bunch of BizzCoin tokens which earn the owner interest, in the form of more BizzCoin tokens.
What you’re saying is that the owners instead simply take the money for those “packages”, use that money in trading of some sort to generate profits, and that this isn’t reflected in any way in ownership of BizzCoin tokens.
I hope you realize you’ve just publicly accused the owners of BizzTrade of lying about what it is they’re selling.
I might also mention that in the system you describe, there is no reason for the existence of any tokens at all.
Has anyone actually withdrawn money from Bizzcoin? I know a few people who have invested, one of which has over €2000 in their online wallet.
This is how the Bizzcoin SCAM will work:
The owners will keep artificially increasing the price of the coin steadily to attract new investors and at a certain point when the new money starts to dry up….the price of the coin will come crashing down causing people to lose their money and the owners will blame everyone but themselves…. therefore walking away with zero accountability.
So what we are seeing at the moment is an upward momentum where the coin in increasing in price and people can see that the perceived “value” of their coin increasing on their “dashboard” which means nothing because they can’t withdraw the principle investment….apart from some small withdrawals from new investments from their downline.
One last thing to note….when the coin price comes crashing down…this is because of the Owners because they can manipulate the price.
Its sooo obvious but I’m shocked that so many people are blinded and can’t see past their dashboard or question the logic.
I’m sure the earlier investors who followed from BizzTrade made a packet.
Gotta start withdrawing quick if you want to make the big Ponzi bucks.
Ok not a ponzie, I’m making over 2k a month on my own money into bank without referring.
The coin is fully registered with the correct authority , the CEO lives in Birmingham and you can go visit him.
The ATM machines being rolled out this year, the gaming app out on the 10th the bank for under privileged people has been launched, the travel web site is operational .. so you fuktards need to do more research .
Whether you’re personally stealing money in a Ponzi scheme is neither here nor there.
BizzTrade is a Ponzi scheme because newly invested funds are used to pay investors such as yourself.
1. Who is this correct authority? (lol)
2. BizzTrade isn’t registered with the FCA in the UK, or with any other securities regulator elsewhere.
Doesn’t matter what you add to a Ponzi scheme, it’s still a Ponzi scheme.
Vulnerable people with Low IQ levels like Lee Ridiculous are exactly the type of people that Rehan and Rizwan Gohar prey on.
Clearly he hasn’t read the comments in detail and he believes everything he is being told because he is apparently making money.
Show us the proof lee. Post some screenshots of the money in your bank not your “dashboard” because that doesn’t mean shit.
And all these other products they are selling are white labelled products and services but im not sure if you actually understand what that means.
BizzCareer is instructed and moderated by experts. Had I not experienced it, I could have agreed with the comments here. But those who train at BizzCareer are people who have been into the trading business for pretty long and know a lot about Forex trading.
In BizzCareer, I have learnt skills to make a profit which are more like life skills.
Cool. BizzTrade is still a scam committing securities fraud through BizzCoin.
100% ponzi scheme. They make zoom calls to show that they are real people with real business.
They have nothing to do with business but stealing money of non-sense peoples who invest in bizzcoin.
hi i brouaght a 5k package and I’ve already received 80 percent back in nearly 2 months so can’t go wrong for me.
Ponzi schemes are a zero sum game. Everyone can’t steal more than is invested.
According to bizztrade.club, they are FCA regulated: register.fca.org.uk/ShPo_FirmDetailsPage?id=0010X00004Wf61WQAR
Does it not contradict your accusation that they are not regulated in UK? If so, would you now consider it a legit business?
That link goes to Bizztrek LTD, with a provided website that goes to something called Bizztrek Insurance.
As per the FCA registration, BizzTrek LTD is
I don’t see anything about BizzTrade’s illegal BizzCoin securities offering there.
BizzTrade and BizzCoin are not registered with the FCA.
This is an example of a standard trick used by conmen: make sure some little, irrelevant side-aspect of the operation is legally in order (or appears to be so at a brief glance), and then use that to give a veneer of legality to the whole operation.
That FCA registration is for Bizztrek Ltd., who are registered merely as an “Appointed representative – introducer”, which the FCA helpfully explains as:
So it’s not actually registered or licensed to provide any services of its own. The company it refers potential customers to is called the principal, which must also be registered with the FCA (or its equivalent in another EEA country). In Bizztrek’s case, the principal is Seopa Ltd.
That turns out to be a company which provides online price comparison software, primarily for insurance. It operates on its own through a site called quotezone.co.uk, but the same offering is available as a white-label product to other websites.
In addition to just seeing the prices from the different insurance companies, people can click through to actually buy that insurance. Thus, Seopa in turn operates as an introducer to insurance companies.
IOW: any British company which has a contract to include Seopa’s insurance price comparison product on its own website will have this same “appointed representative – introducer” registration.
If somebody buys insurance via such a referral, Seopa gets a commission as an introducer, a part of which it then passes on to the website where the referral chain started, that’s all.
It’s wholly irrelevant to any other activities of that company. It’s also irrelevant to any customer who buys insurance in this way: they have a contract with the insurance company directly, not involving the two entities who referred them.
@Passingby
Yeah just ignore the spammers. Every now and then some BizzTrade dipshit posts or tries to post a bunch of blockchain copypasta waffle.
I nuke the ones that get through soon as I see them.
definitely a ponzi scheme. My cousin has dove in head first and swears by it. He is recruiting popr fools everyday for bizzcoin.
The other day he got someone who invested 25k and a couple days later the same guy invested another 25k through him.
He invited me to one of their xoom calls/presentation as they call it. What a joke of a group of dreamers who want the quick rich route.
Mr Gohar was online and he can’t even speak English properly. Reminds me of the first pyramid schemes where they get people over excited through mind manipulation.
My cousin is unable to show me any screen shots of withdrawals to his bank account. As he apparently is making £700 profit a month. He is encouraged to reinvest this money in to bizzcoin thus creating more profit for himself lol.
They are told not to touch their money gor at least a year lol. I see Mr Gogar disappearing with their money before 12 months is up.
It’s difficult to speak to someone who has been totally brainwashed.
@Oz
I think you should post something related to their gaming aspect.
As they just launched a game “bizzco” and claim to give bizzcoins by just playing it. I mean who does that.
Bizzcoin costs BizzTrade little to nothing to generate on demand. They can give it away for free because outside of their scheme it’s worthless.
All they’re doing is using it as a marketing tool to funnel new investors into their Ponzi scheme.
@Oz, @PassingBy
Thank you both immensely for explanations. It is sad how terribly uninformed common folks are including me.
Why on earth are these scammers allowed to operate with impunity until they run out of steam on their own?
In Pakistan, where I see a lot of evangelists for this shit, people have little to no understanding of how things operate.
The only thing they see is it’s based out of UK hence it must be legit otherwise it would have been cracked down already.
Hi Raheem – I have a question not directly related to Bizztrade, but to the “xoom call” you attended.
Was the call really named “xoom”, or is this a typo and did you attend a call using the well known “zoom” video app (seeing how the letters z and x are next to eachother on a qwerty keyboard)?
I attended a couple of xoom calls from Elysium Network (see elsewhere on this site; they claim xoom is a voip software to which they have the intellectual property.
You can become a reseller of the software in their network (giving the network a semblance of compliance by adding products).
If you attended a xoom call, then I suspect they got the software from somewhere else (xoomtalk.com/ perhaps?) and don’t own the rights to what they’re (re)selling.
I’ve invested 5k with these guys and I’m earning 80-100 a week which I can withdraw so it can’t be a scam
Whether you personally steal money money through a Ponzi scheme is neither here nor there. All Ponzi schemes are scams.
They say bizzcoin is licensed in estonia, if you do searches you can not find anything.
my questions is who regulates bizzcoin? which country and government licensed bizzcoin? what certification it has?
BizzCoin as offered through BizzTrade is a security. Securities are regulated by securities regulators.
Any MLM company offering a security without having registered said security with regulators is operating illegally.
I am one of the people who invested over 15k euros.
I agree with many that the people in this company are genuine, real and supportive except Rizwan Gohat who is exceptionally rude.
That’s very special about him. The rest of the team are great people to be honest.
What concerns me most about Bizzcoin and bizztrade is their exploitative nature in profit share.
They never give you a reasonable share at any time. If they say they are going to give up to 0.8% daily, believe me or not there will be no time you will ever earn 0.4 %.
For example, I have invested over 15k euros and I cannot make £700 a month out of this investment.
This makes me regret joining the scheme. I feel betrayed and the worst is despite the owners being approachable , they don’t care about us at all. It’s just a fake smile when you meet them.
I also doubt that these people will never give us back our investments after 52 weeks. I know tens of other investors who would want their money back but I doubt if this will ever happen.
I strongly warn those interested in this scheme to stay an arm length of this business. I joined, I lost and I regret!
Considering Ponzi schemes are designed to steal your money, you seem to have a warped sense of judgment about those who run them.
I was just going to invest about 10k € in bizzcoin bcoz i was totally brainwashed by zoom calls presentation of bizzcoin team.
Today i just Google it to see what people say about bizzcoin and found this eyes opening article. Thanks admin for providing such information. I also thanks some people who commented here to expose the reality of this ponzi scheme.
I strongly warn those interested in this scheme to avoid to invest their money in this ponzi scheme. They steal your money and you can’t do anything.
This is quite an easy one to solve in the UK. You only have to ask one question.
Is your money protected by the FCA?
No. Ok bye.
Just try it to use the system off Bizzcoin, not just talking, and you will see why the best cryptocurrency on the world! ☝️
Apart from using it to steal people’s money, what exactly makes bizzcoin “the best cryptocurrency in the world”?
The cracks are now appearing. Ex-bizzcoin leader Fareha Qadri has become the whistle-blower for the scam.
Watch this for more info to see how she exposes the Bizzcoin founders:
facebook.com/watchparty/718253209031051/
Thanks for sharing that. Bit disappointing Qadri is promoting Rapido Run now though.
Doesn’t sound like she’s learned anything.
Fareha Quadri started cross recruiting due to which she was terminated from the company as it’s conflict of interest and I have seen her speech on Facebook.
There were absolutely no evidences provided other than constant abuses and whining because her funds were frozen.
Seeing as BizzTrade doesn’t sell anything, how is recruiting people into other fraudulent investment schemes a conflict of interest?
When will people learn
One coin
First coin
Eagle bit
Cloud token
Jaag coin
Now bizzcoin all similar models ponzis.
I can’t believe people keep falling for this.
Bizzcoin?
Fake or OK? For Now please help me many people’s is working and withdraw and earning so How they are doing how can we demand trading license and please tell me Estonia Have company or fake profiles?
Irrelevant question to ask in light of BizzCoin being attached to BizzTrade, a Ponzi scheme.
Trading (securities) license in Estonia is also irrelevant, because I’m going out on a limb here and suggesting you’re not in Estonia.
As for “working”, Ponzi schemes “work” as long as gullible schmucks sign up to lose money. When the music stops the majority of participants lose money.
Is it the same CEO who was involved in TCC and then they scam poor peoples money..
These guys getting poor people money. Scam token.
Yooo on the real, after reading all this I’m super curious what everyone’s perspective is of BIZZCOIN now.
Especially with the fact I’ve been reached out to on LINKDN about this coin, ontop of the fact they even have a Dallas, Texas location..
After talking with the dude on zoom, he communicated SEC only regulates them as an educational service but they’re also KYC intregrated..
I know shitcoins, I fuckin’ invested into cloudtoken (Literally same concept but they’ve actually intregrated everything Cloudtoken “Said” they would.
Also with the coin having steady growth pretty much since it’s launch.
ALL that being said, it gives me the vibe of CASHFX, which I’ve fully closed out 3 accounts after upgrading numerous times with basically no referrals.
Someone want to enlighten me on their perspective here please?
You sound like someone easily swayed by shiny new objects, with little to no concern about the business models of the scams you’re signing up for.
Ponzi scheme from day one.
Not that it matters but prove it.
The SEC regulates securities. Your “dude on Zoom” is talking scam waffle nonsense.
I’m an owner of a 5k package, 6 weeks left unitl I will (presumably) be able to have my investment back, but they try to posticipate it saying that due to covid they stopped the trading activities.
So for now they are not proceeding with the weeks countdown, is there anything i can do except for praying and stopping gambling thinking I’m the fucking Bill Gates?
Andrea same situation is with me. 5 weeks are remaing and they are not allowing to strat trading any more by showing messege that its due to covid.
When corona wae at peak it was going ok but now what happened. Bull Shit I dont belive it and i dont want shift on bizzcoin because if i will shift to bizzcoin they waill start weeks again from day one means one more year to wait to get back your money.
They dont reply to emails and not reply to support tickets. I am angry with myself that how i came down to these fraudsters.
They have just launched a crypto bank and bizz towers that can only be bought with bizz coin.
Honestly how people cannot see this as a ponzi is beyond me.
Hi, slightly different question than this discussion on some bizzcoin. I’m a complete dummy when it comes to criptocurrency and want to understand the basics of this world.
(Ozedit: derails removed)
Hi Sunny,
Appreciate you’re new to crypto but if you want to discuss them in general (or bitcoin specific) this isn’t the place.
There’s plenty of free resources out there to learn about bitcoin from.
I dont want to say any thing but please check the owner and team.
Also check history of these people. These are group of people. Who are with ACN. Then a medicine company. Then LIFE TREE WORLD, Then Tcoin, and now BIZZ COIN.
I will pray for the investor.
So checked on accounts for Bizztrek ltd and in June 2020 they submitted Dormant accounts.
Says it all.
Another big Bizzcoin promoter Armando has been scammed and his account blocked. Full details on his telegram channel here – (link removed)
Telegram link wasn’t specific. Please don’t post links to random channels.
I don’t care about the negative comments. I am making money and that is what matter to me.
Simple business rule. When you invest of course there are risk.
Tell me which business is safe from fraudsters, scammers and ponzu Shits.
You got to have a heart to take the evaluate before investing and then put your money.
And guess what I am making money and I am winning. And already got my ROI transferred to my digital wallet.
You are a scammer with bankrupt morals. Cool. This review wasn’t written for you, it was written for your potential victims.
Any business that isn’t a Ponzi scam like BizzTrade.
When I walk into McDonalds I don’t have to worry about scammers such as yourself stealing my money.
So MK, which are you: fraudster, scammer of ponzuShits, or are you all 3?
By the way, you are not making money you are stealing money, but then you know that and don’t care.
Hi @OZ
I really appreciate the time you have put on this write up. I have family & friends who have been participating and recruiting in this scheme.
As much as I try to tell them that this is a scam, (showing them your blogs, no FCA regulation, dodgy T&C etc.) they won’t listen due to how much the founders promise and showcase to the “investors”.
They did an event in Turkey as well as now talking about buying real estate with bizzcoin, online payments and used in games as currency. All this just keeps bringing more people and money in… for now.
I am not an expert in crypto trading but could you provide any advise / evidence that I could present to showcase that this is a scam and to pull out their money while they still can?
They can definitely not afford to lose their money, especially during these uncertain times.
Thanks!
If you’ve shown them the facts then it might be time to accept your family and friends are comfortable being scammers.
Be there when shit hits inevitably hits the fan. Or alternatively cut ties if they’re the ones that cause others financial loss. Your call.
Oz, Thanks a bunch man, you made it clear so nicely spending too much time and shared really informative stuff for the people before they become the prey.
Being very honest, i was about to invest within a day or two and i have already made referrals but i delayed paying money just to research & find some information regarding this shit and here i got what i needed actually.
in one article, somebody told that bizztrade/bizzcoin website domain name is not registered on a company/business name but on a private name.
The referrals i generated were all my close, trustworthy relations and they are too simple and nice people that i can never think of their loss.
Thankyou once again.
Huzzah ^ Sometimes the system works and genuinely duped people are helped vs scammer bickering with Oz.
Faith in humanity restored.
OMG. Why i didnt read all this before making investment.
I already made a handsome investment in bizzcoin. Please pray for me.
Breaking News: Bizzcoin to acquire Pakistan International Airlines in a Multi-million rolls of Kebab backed deal. Cash-for-Crash Insurance Fraud and Visa-on-Dinghi-arrival experts, the Gohar brothers will offer flights from Birmingham to Istanbul.
“This is a perfect marriage” said Gurpreet Dhaliwal, “the PIA pilots fly planes without a license, and we offer trading without any license” We are both experts in traffic management.
The Bizzcoin web-traffic and PIA’s passenger traffic are both Pakistan origin.
Maurice Brooks, Chief Infidel Officer added “we are pleased to collect funding from British public and help fund a property portfolio in Turkey, so our great leaders can safely retire in Turkistan, away from the infidel laws of Birminghabad and Bradfordistan.
I am confused plz advise…
Why bizzcoin price gets low while all the participaters investors in bizzcoin are bound for 52 weeks none of them completd this 52 weeks perioud so why the bizz coin price gets low…???
Do the owner control the price thierselves ??
Because BizzCoin is a Ponzi shitcoin promoted through BizzTrade, a Ponzi scheme.
By generating them on demand and doing what they want with BizzCoin through the internal exchange they wholly operate, yes.
Sorry for your loss.
Someone tell me about bizzcoin and says to me many advantages. i just tell him what’s the disadvantage of bizzcoin if i am no invest in there they just told me you have late you loss your benifit just walk away and invest.
please tell me bizzcoin is real or scam?
All Ponzi schemes are scams. “Someone” is looking to recruit you to steal your money.
Hi,
I have several friends who have invested in this. They say you just press a button each week and you earn money.
One of them started off with €100 9 months ago and is at €24000 now. He said he could choose to withdraw this today if he wants.
So, how is it a scam. He isn’t lying. If you can withdraw the money and the coin value is growing. What are you saying will happen?
How do you know its a ponzi scheme?
Thanks
And where do you think that money is coming from?
Once you answer the above question you’ll know why.
So, how about you come back and tell us when your “friend” has the $24,000 in his hand and it’s not just numbers on his screen?
You DO understand how ponzi and pyramid schemes work, don’t you ?
Hi Joe
I posted this reply on another thread,but it’s relevant here too:
How’s it a scam? In all gifting/ponzi/pyramid schemes some people get money, till nobody gets money.
You will never have 1 + 1 = 9,where is the disconnect?
Stop looking at 1 person in the scheme and say that they took $100 and made $500/$900/$1000/$10000. How did the pool get that money to give away? It’s not doing anything to generate value,its products are the people referring others only.
At least with tradebot scams there’s some illusion of “something” generating money.
A gifting/ponzi/pyramid scheme is literally musical chairs, if you dont keep adding people you’ll run out of chairs and the last guys lose what they put in without getting their money back.
Gifting/ponzi/pyramid scams are popular in places where the level of education is lacking because my 10year old will tell you you cant make 3 apples out of 1 apple.
As existing members of this scam, how do we pursue this legally? Or attempt to get out?
Any guidance would be much appreciated.
Great job for the article. Sad that people don’t use the internet to find information.
They tried to recruit me 1.5years ago when Bizztrek was live, I was invited in a fancy office, trying to explain to me the power of E-commerce:)), and how I can make an insane amount of money.
After listening 40minnof bullshit I ask the same thing: how can you make 3£ from 1£.
The answer was hilarious: we have a wonder code that we use in Forex and we can make safe trades with high profit, we have extra smart programming team that can generate money.
Thank you for losing my time and I left the building. Was insane what story they tried to sell me. WOW. I didn’t expect people to invest.
Just stay away, make money by working, stop dreaming in doubling the money in 1 year.
Legal questions are for lawyers.
As for getting out, you invested in a Ponzi scheme. Your money is gone, there is no getting out.
You are chatting shit. End of. You know nothing behind the real company.
There is no “real company”. BizzTrade runs a Ponzi scheme through BizzCoin.
Sorry for your loss.
OZ, CAN YOU PLEASE TELL ME WHY YOU ARE RESPONDING TO EVERY QUESTION HERE REGARDING BIZZTRADE AND On OTHER HAND I SPOTTED You, PROMOTING PGI Global which is a world class proven ponzi/paramid scheme.
It looks like you are recruited by Pgi Global fraudsters. Please elaborate.
OZ I have archived all of videos and photos of all of them founders and leaders, I archived everything they publish, So I will send it to you when they collapse 😛
I also I have videos of Rehan Gohar when they promoting other scams as a leader not founder :P.
he promoting for TCC (Trade Coin Club), coinspace, ACN, Life tree.
@Ricardo
Lol. https://behindmlm.com/mlm-reviews/pgi-global-review-200-roi-ponzi-positions/
Sure: You’re full of shit. Have a nice day.
Plz can anyone of u oppopsers tell me that what kind of evidence u need through which it can be proven to you that the company is not a fraud!
Registration of BizzTrade’s securities offering with financial regulators in every country they solicit investment in, as well as legally required audited financial reports showing external revenue is being used to pay affiliate withdrawals.
This is evidence any legitimate passive investment company should be already providing the general public.
Interesting that this scam told people they had to leave their initial investment until March 2021 then they could withdraw if they wished.
Now we just hit March / April. Guess what the coin crashed over 100% amd is now at a yearly loss. So obviously the investors are lured into keeping their money in.
A total scam. The only ones making the money are those recruiting others to invest.
Have these people no integrity taking money from family and friends fic your own gain when they get nothing? Shameful and should be reported.
I purchased a package of 1000 Euros of bizz trade. The company converted it into bizz coins. The company CEO Mr. Rehan Gohar in a Zoom Video said that the investment will never be in loss.
I kept bizzcoin for 52 weeks and received no profit, unfortunately; now at this time I want to withdraw my money but I’m standing on a loss of 350 Euros and contacting continuously with my upline (Mr. MUZAMMIL Sheikh ) who never bothered to call back or contacted me.
Everytime I suppose to join crypto mlm I always consult Behindmlm if the company where I am joining in is legit or not, ponzi or real. I really admire you behindmlm you were never stand wrong eversince.
You help a lot of people that supposed to be scammed when they read your REVIEWS it is a 360° turn-around you really saved our hard-earned money so keep up the good works behindmlm… I salute you.
Thanks for the support!
Thanks for the analysis.
I think you should close this feed as BizzCoin is officially dead.
BizzTrade website is still up. Socials abandoned March 2021.
If you want to unsubscribe from the comment feed emails there should be a link in the email itself.
Article updated to acknowledge BizzTrade are deleting videos from their YouTube channel.
Today, I tried to log in, but it said “Sorry, you have blocked, please contact to admin !” – This could be the end of BizzTrade/BizzCoin now.
I emailed the contact address, but I got a response from gmail telling me their email address no longer exists.
A brief update of what’s happened recently: BizzCoin emailed everyone telling them they are moving to ‘Bizztradepro.com’ and all coins will be lost unless they are either claimed or asked to be invested into the new BizztradePro system.
I chose to claim mine, as I obviously want my money out from this con.
I did this before the deadline on 31st December, and they said they will give a response on 15th January.
Now my account is blocked and I imagine this is them running away with everyone’s money.
Thankfully for me, I realised this was a con from the start. It’s not my own money, it’s a gift from a family member who believes in BizzCoin.
But I know he has recruited many people who have invested thousands of pounds in BizzCoin. If this is the end, I feel bad for them.
Any chance for a copy of that email?
Here is a link to the email sent in December: i.imgur.com/716XGtD.jpeg
Thanks for that. Looks like they sold all their Ponzi tokens and that’s all she wrote.
My partner is involved in this company I realised earlier on that it’s a scam but my partner is brainwashed in believing in it.
She has invested a lot of time, money and energy into it. The company is rebranded as NexGen and has AmGen coin.
I am so frustrated how to convince her, I feel that it will put her and our future in trouble.