Cloud Token withdrawal delays (1 month+), leaders fighting
Uneasy alliances forged with the common goal of fleecing Cloud Token investors are coming to an end.
Cloud Token withdrawals have been suspended for a month or more in some instances. Company support is MIA, reports of selective withdrawal payments are emerging and affiliates are getting restless.
Cloud Token’s top “C4” recruiters are buckling under the strain. Some have now turned on the company and even each other.
I’ve been holding off reporting on Cloud Token’s withdrawal issues for a few weeks now.
A major factor for this decision is the social media narrative that Cloud Token withdrawals will magically work by the end of the month.
That deadline is fast approaching, and the behavior of Cloud Token’s top recruiters suggests it will come and go without event.
Before we get into that though I feel it pertinent to point out that this is your basic Ponzi trajectory. The second there’s withdrawal problems it means new investment can’t keep up, and that always precedes a collapse.
Due to Cloud Token’s investment vehicle being worthless tokens, we’re seeing this play out in slow-motion.
Although there’s likely been a boatload of bickering in the many private Cloud Token groups, I believe the first public shots were fired by Shohan Bowala on October 23rd.
Ronald I think it has come to that point where you need to protect the partners (Investors) in cloud token. People are losing hope.
So what ever it takes to make this business sustainble. As we know a handfull of people make 6 figures a day. And alot 5 figures. Well done to them for working hard and taking the business to the next level.
But them making this sort of money and withdrawing it, is it going to be sustainable in the long run?
Although it does nothing to prevent top recruiters from withdrawing the majority of invested funds, Bowala suggested Ronald Aai slash Cloud Token’s compensation plan.
For those not following Cloud Token, Ronald Aai is running the show from Malaysia.
Aai has a social media presence, which appears to be where the majority of official Cloud Token investor communication takes place.
As of October 23rd, Bowala claimed Cloud Token withdrawal issues has been going on for five weeks.
I dont [sic] know how anyone in the right mind can bring in people to a company that has Convertion [sic] issues for the past 5 weeks.
I have been paying people off from my own pocket who can’t convert CTOs for the Past few weeks.
Now it’s your responsibility to do what ever it takes to make this sustainble [sic] and get this on track. Your responsibility shouldn’t be to look after just the C4 members.
C4 Members are Cloud Token’s top recruiters, who for the most part don’t appear to be experiencing withdrawal problems.
Earlier this month Cloud Token blew a boatload of investor cash on a leader event in Malaysia.
Since then Aai has been documenting his travels across Asia to promote Cloud Token.
Comments on Aai’s posts are either from gullible investors posting memes, or angry investors demanding to know where their withdrawal requests went.
With Aai not having addressed the withdrawal situation publicly to date and victims breathing down their necks, top Cloud Token recruiters are having a rough time keeping it together.
Cue Luigi Bruni who, along with partner in crime Justin Halladay and their “Power Team” group, is currently trying to get the Sports Trading BTC and CashFX Group Ponzi schemes off the ground.
Earlier today Bruni held a webinar, calling Ronald Aai out by name.
[1:58] With all (due) respect for Ronald, I don’t care what he has to say on his Facebook.
Every once in a while he goes on his Facebook and gives us this big nice beautiful speech, where you see a lot of people are like “eeey, we love you”, we love you Ronald.
OK. You’re allowed to love him, that’s OK but what I want right now is I need answers.
Bruni, who identifies himself as “one of the top guys” in Cloud Token “making a killing”, goes on to complain about withdrawal problems.
He reveals he’s invited Aai to appear on his webinars, but states that although Aai accepts the invitations, he never has.
[3:47] So yesterday I was supposed to have a live with Ronald here. And he said he would be there…
…I’m glad that I didn’t announce it because if I would have announced it to you guys… I would have looked like a fool hey.
Well, I’m not going to look like a fool anymore.
Bruno claims one of his victims is worried about being evicted from his home due to Cloud Token withdrawal delays. Another is suicidal.
The rest of the webinar devolves into Bruni pushing “multiple streams of income”, which is MLM underbelly code for “jumping into the next scams as the current ones collapse”.
Towards the end of the thirty minute webinar Bruni warns that if anyone
has something to say bad about me, I’ll just kick you out of this community.
Why? Because it is as it is.
Bruni’s threats appear to have lead to fellow Cloud Token scammer Faith Sloan’s ejection from his group.
In a followup webinar Sloan, who’s in Bruni’s Cloud Token downline, went into more detail.
For some reason (Bruni) always thinks he owns the whole team, even though we are the ones who bring in the people that made him the money.
But it’s always about “me me me” with him.
…
So this is what I said. And I know what his issue is and y’know I feel for him on that one, because Ronald isn’t paying attention to him anymore and there’s a reason for that…
So I wrote this;
Luigi, you need to take down that post. You can’t be calling Ronald out in public.
Come on now. People are coming to me with negativity. You’re sending negative signals. That doesn’t look good.
Sloan goes on to paint a portrait of Bruni “daring” Ronald Aai to come onto one of his webinars, or else.
During Sloan’s webinar Bruni purportedly contacted her to warn against “going to war” with him.
Sloan retorts with the claim she “has things on Luigi”, but won’t reveal them unless Bruni backs down.
From there the conversation between the two deteriorated into bickering, interjected with Sloan’s angry ranting.
At the end of the conversation Sloan claims she asked to be kicked out of Bruni’s group.
At the time of publication Ronald Aai is yet to address Cloud Token leader infighting, or ongoing widespread withdrawal problems.
MLM Underbelly 2019 – Boomers bickering on social media 😆
Doncha just love it when ponzi players make threats such as “who hope there will be a smooth solution by the end of the month or there will be a storm” Like, what are they going to do ? They sent money to someone they have never met who is currently goodness knows where and they are threatening to “cause a storm” ? I think not
In a recent webinar (youtube.com/watch?v=0-csZdoG-N0) the deputy CTO Matthew Suen said the reason for the withdrawal issues is that “local nodes” (which the transactions are said to go first before going to “public blockchain” for verification) are stuck, as a result of people using small transactions to disrupt the system — like a DDoS attack / “Penny attack”.
That caused a server downtime. Missing transactions will be done manually from backup files in some haphazard fashion. And so on.
The are considering one transaction/conversion per week, but don’t want to scare new investors.
After giving these obscure explanations, Suen says that everything should be fixed by the end of the month (October).
So basically it seems like a some version of the “hacker attack” excuse that ponzis have used before collapsing.
There are reports that new investors have had better luck of withdrawing funds. They want to keep the momentum by prioritizing the newer members, hoping that will keep the recruiting going and money coming in?
An update from over a week ago talked about Ronald fighting with regulators to be fully compliant with securieties (facebook.com/groups/cloudtokenglobaltakeover/permalink/544867299596811/)
As Suen also said, they are trying to get a CEZA (The Philippines’ Cagayan Economic Zone Authority) licence to operate their crypto exchange…
In addition to the infighting between top scammers, the withdrawal issues and the impression of suddenly caring about compliance/legal issues indicate that the scam is about to collpase.
It is all fun and games till the money stops paying you!!
A great majority of people knew this scheme was going to collapse sooner or later.
The “newbies” are never prepared for it.
The many people I told that this was not going to end well only told me that “You don’t know what you are talking about. Because CLOUD TOKEN is coming out with this and that and even this”
Yet here we are with people not being paid for weeks.
6 figure earners “stealing” and no one thinks anything about it other than to say “WHY am I not getting paid”
Is the economy that bad that people lose self control to see these scams for what they are at the start?
I discovered that Ronald Aai has commented about the withdrawal/convesrion issues on October 10th, and the answer he gave was different/opposite to the explanation Matthew Suen gave in the webinar.
Aai said that the their nodes were fine but it was the ethereum network that is causing the congestion:
(ctotoken.com/interview-with-ronald-aai-state-of-affairs-10-10-2019/)
They can’t get their story straight.
And just like in OneCoin, the central bank appears as a regulatory hurdle:
I cannot imagine that Cloud Token will get a CEZA license.
CT is too far from their requirements:
-Cloud Token is registered in Australia with a valueless company registration like a Copyshop at the corner (instead of in Malaysia and with a license allowing them to run financial transactions). CEZA: ” ….and registered in its home jurisdiction….”
-CEZA is working together with the American SEC. SEC will never approve any CT licensing.
-CEZA want also to see :Articles of Incorporation and By-Laws, Certificate of Incorporation, Audited or Published Financial Statements (latest), Annual Income Tax Returns (latest), Annual Report (latest)….and much more…..
-By the way: a Ponzi will never pay the CEZA fees (360.000 $ for the principal licence)
More here under “FinTech and OVCE” at “Requirements” and “Procedures”: ceza.gov.ph
And another one of Simon Stepsys’ can’t miss Ponzi’s begins to bite the dust.
He is still searching for one of his Ponzi’s to last more than a year. He got lucky with BannersBroker and MAP, but since then all he has promoted have collapsed within a year or less.
If he is promoting a program, that’s your cue to run away as fast as you can from him and the program.
Thank you for reporting. This Ponzi needs to be stopped !!!
And it’s usually the soap opera antics which keeps the poor schmucks hanging on ’til the next episode of “As The Ponzi World Turns”.
Pretty soon, the silence will be deafening as no one on the inside or outside of the CT debacle respond to the last cries of hope and misery from the victims’ tattered fingers which hesitantly tap out the last few words of despair on their computers, tablets, and smart phones.
Misguided individuals yearning to hear that the sinking ship will once again rise despite the naysayers’ warnings and admonishing cries to “Abandon ship!”
Who’s wretched souls have all but given up any glimmer of light and recompense for the time and money invested in a so called endless, money-spitting, crypto currency adventure.
The last vestige which promised riches beyond generations to come.
Oh, woe unto thee! He who daily and nightly, in the recesses of their mind,
painted pictures of castles in the sky.
Castles, which though only in thought, would bring comfort to their restless and
desirable minds, yet with nay any evidence of it ever becoming true.
Such are the characteristics of a cruel and unfair life for those who believe when all signs glaringly scream “It all appears too good to be true!”
And so it was.
To those or the one who has been writing these articles, I want to say thank you for exposing this ponzi.
The funds are not only stuck in Jarvis but also in the wallet. For those who have completely sent their ETH into Jarvis now cannot withdraw from the wallet also due to the lack of ETH for gas fee. So, now cryptos are stuck in Jarvis and wallet.
Paul Rubinstein has no empathy for anyone, when questioned about problems, he blocks people and removes the comment button. He is no leader just a taker.
Thank you!
Hate to break it to you but there are no funds. All you’ve got are numbers in a backoffice/wallet/whatever you want to call it.
That’s how a Ponzi scheme works.
This was an easy to spot scam. How do people like Shohan Bowala promote this right after Plus Token crashes and steals money.
They do one after the other. Shohan is a thief!
UPDATE: I am hearing they are claiming they were hacked. If that’s true, look no further than Shohan Bowala.
Serial Conman and Marketer Shohan Bowalla seems to have crawled back under the rock he came out of, for now.
Bowalla notorious for marketing scams and stealing from the platforms he leads his group into, has had a very low key entry to 2020.
Bowalla is known for fleecing the CTB platform of millions of dollars by infiltrating the owners with his facade of being a developer, changing the code and diverting funds to his own wallet.
Bowalla fleeced CTB of millions of dollars to support his excessive gambling habit.
Shortly after his CTB theft, he was caught doing the same at Recycle Bot where once again he had befriended owners and stole more than 30 BTC before he was caught.
His trail of disaster for the last 12 months includes FX Trading and the now crippled Cloud token.
Bowalla cashes in first by leading his group to the scam and extracting large commisions before his team are left holding the bag empty handed.
He recently fled Western Australia as a result of his CTB theft to avoid authorities and it is now confirmed that he has teamed up with William Ichioka to launch a platform known as ” Ichioka Investments”
Bowalla has never had any success in marketing however has the gift of the gab when it comes to recruiting new victims.
The Block Talks will be following his new ventures in 2020 so stay tuned to our updates.
It wont be long before he is back out recruiting people for another failed venture as his money starts to dry up as a result of his losses at the Crown Casino where he holds a high rollers card to enter all the private gambling rooms out of the site of the general public.
He has hacked two companies he was in already. There is a lawsuit pending against him for this.
In the interests of transparency;
On November 22nd I received an email from a law firm, acting on behalf of William Ichioka.
The letter alleged statements made in The Truth’s comment above (#13) were defamatory, and demanded I take down the comment.
Seeing as the alleged defamatory statements were made a by a third party, which I’m not liable for under US law, I informed the law firm that they’d have to take it up with The Truth.
This was met with continued threats of holding BehindMLM legally liable for The Truth’s statements, through some recent High Court ruling in Australia.
This was my response, sent November 27th:
Seeing as I didn’t know Ichioka from a bar of soap, and he wasn’t covered in the article, or had been discussed in the comments beyond The Truth’s original comment, I figured this was the best approach to ensure I wasn’t assisting someone cover their tracks.
To date I have not received any further communication from Ichioka’s attorney. This leads me to believe I made the right call.
Make of Ichioka’s silence what you will.