Ronald Aai reveals Cloud Token “no withdrawals” exit-scam
Cloud Token is gearing up to pull a bait and switch on its investors.
The “we use trading revenue to pay investors” facade is being replaced by a mandatory SIM card service – although official details have yet to be released.
Instead we have Ronald Aai appearing in a private webinar with top Cloud Token recruiters.
The Cloud SIM service, as it’s called, isn’t really worth getting into. Nobody other than leaders desperate to appease their downlines are interested in it.
And why would they be? It’s not why they invested in Cloud Token.
Pretty early on in the webinar Ronald Aai (right) confirms that whenever this “Cloud 2.0” change happens, company-funded withdrawals are discontinued.
When we actually move on to this … you can’t do conversions within the wallet itself.
Instead withdrawals will be processed through “Ribbons”, which Aai claims is a third-party company.
Ribbons doesn’t exist yet and despite Aai’s claim, appears to be a shell company set up by Cloud Token (I couldn’t find any mention of the company outside of “coming soon” Cloud Token marketing).
The difference between Cloud Token paying out withdrawal requests and Ribbons, is this:
So basically what happens is … when you actually click on “convert”, it sends you out to the OTC (Ribbons), whereby you will be putting up an order for sale.
And the other members when they click on the pop up button for their Cloud SIMs, they will go to OTC to check where they can buy from.
Instead of Cloud Token using previously invested funds to pay returns, Cloud 2.0 will see only new investors funding withdrawal requests.
This is crucial, as it’s pretty obvious Cloud Token has run its course as far as new investment goes.
Another crucial difference is whereas Cloud Token has up till now manipulated the internal CTO value as they see fit, going forward CTO’s value will be set by affiliates trading on Ribbons.
You know what this means…
A ton of sell orders, no buyers, $0 value and that’s all she wrote. This is the public exchange exit-scam model.
And although Cloud Token is creating it’s own exchange that isn’t quite public, it’s close enough.
Aai does mention something about Cloud Token paying out some “below value” buy orders, but this doesn’t make any sense.
Surely whatever the lowest sell order value is on Ribbons is the current actual CTO value (i.e. the inevitable race to $0).
At the end of the day Cloud Token investors were sold on the notion they could invest in CTO, Cloud Token would increase the value of CTO, give investors more CTO for investing and eventually they could withdraw.
As evidenced by over a month of withdrawal problems, that’s gone out the window.
And now you have “Cloud SIM” data tokens pseudo-compliance that nobody cares about.
If you’re wondering why Cloud Token investors aren’t rioting yet. It’s because Ronald Aai continues to be cryptic about these key points.
Today is the first time he’s addressed withdrawal problems, and it was done in a private non-corporate webinar.
God forbid Cloud Token just come clean;
“Hey, thanks for the money but we don’t want to pay withdrawal requests anymore. You’re all screwed.”
And this is why I check with Behind MLM first when I see an announcement for “The Next Big Thing!”
Thanks, Oz.
You rock!
It shouldn’t take a BehindMLM review to realize that this was a clear as day ponzi scheme from the get-go.
This gem was amidst the latest poppycock from Ronald Aai:
(facebook.com/cloudtoken1/posts/689504771580691)
And apparently, the nature of their ponzi token “CTO”s have changed from ERC20 based crypto to something else:
If that’s not enough, there also yet another form that CTO ponzi points can take — a company share:
Securities fraud ahoy! Cloud Token remains unregistered to offer securities in any jurisdiction.
And MLM comp plan = MLM company. Doesn’t matter what you attach to it… or take away (withdrawals lolololol).
Cloud Chat = “Hay guys, discuss everything on our app. That way when we exit-scam we can delete all the evidence lololol.”
But the key selling point of the upcoming Jarvis 2.0 is that “It will enable all partners/members to be able to do this business in a legal manner”. The current era of illegality will soon end! 😉
Cloud Chat is no doubt a much needed channel to dicuss Aai’s solid genius strategy to trade CTOs via CEZA P2P OTC SIM data Ribbons, and Jarvis 2.0 high frequency triangular arbitrage AI crypto trading bot using VAROOM algorithm and AURAE 4th generation blockchain DLT dApp triple paraller consensus Atomic Swap quantum multiverse HODL wormhole astral node and so on…
This is absolutely from an empty brain and a loser fighting the success of Cloud. But you know what? You will be definitely be ashamed of yourself.
Cloud is structuring itself in a way to comply with the regulations of all countries because not all countries allow anything to do with crypto.
Now CLOUD is a mobile data provider to its subscribers and what they do with your subscription is what they know how to do best (Jarvis and Varoom).
Ribbons is not the kind of exchange where the price is dragged down.
No, you got it all wrong because you are a hater trying to prove a point that’s not there. You are just a paid channel to write rubbish about Cloud.
You never made mention of booking hotels with the CTO and Grab, Mastercard, Apple, etc. Cloud is more than you.
This is not the kind of company you can write rubbish about. Great partnership!
I’m doing this for the benefit of those that will come to your page. If anyone needs to know what Cloud is, this is not where to read!
There is nothing illegal about running a passive investment opportunity and paying returns from the proceeds of a trading bot.
Provided of course you’ve registered your passive investment opportunity as a security and filed third-party accounting, among other disclosures, with regulators in every country you solicit investment in.
Rather than operate legally, Ronald Aai is adding all sorts of bullshit to Cloud Token.
Why? Because Jarvis is bullshit and all Cloud Token was doing was recycling invested funds to pay returns.
You can’t undo almost a year of securities fraud. That’s not how regulation works.
Cloud Token is the same fraudulent investment scheme it’s always been. It’s loaded with desperate investors who can’t cash out.
Unfortunately we’ve got another scam full of gullible morons, who sadly won’t accept they’ve been scammed until it’s far too late.
Who the fuck is going to by CTO at any price? There is no demand for CTO outside of Cloud Token. Nor will there ever be.
And what demand there inside Cloud Token, only exists because of returns previously paid out via the Ponzi scheme.
That’s been exit-scammed so there is literally zero demand for CTO, legitimate or otherwise.
Putting aside Cloud Token has no partner relationship with Mastercard or Apple as implied (dunno what Grab is, don’t care), you can’t legitimize a Ponzi scheme via association.
@James
In one his first public appearances in Cloud Token, Ronald Aai said that the price of the CTO is determined by the profits generated by the bot (“reserve pool”) in relation to the CTOs in circulation.
There was supposed to be total transparency regarding this price mechanism, and Ronald said that the reserve pool is visible for everybody to see (youtu.be/PXx6Zb9bdh8?t=2053).
So can you tell us how much profits have been made and what is the number of CTOs in circulation? This should give us how the current CTO price is formed.
This had scam written all over it and now changing payment – a big shot across the bow that this catastrophe is quickly sinking.
There is a new webinar featuring Ronald Aai (whose real name is Aai Sheau Yeah –> see paweldrewniak.com/wp-content/uploads/2019/10/EXXA-dane-sp%C3%B3%C5%82ki-i-inne.pdf where you can also find the real names of related scammers Matthew Suen, Francis Aw, Anthony Lau) where he tries to untangle the convoluted mess that the troubled scam currently is.
The high level promoters who are hosting the webinar clearly struggle to understand and make sense of his ramblings.
And on the webinar “Crypto Godzilla” Aai kind of admits/slips that Jarvis Zenbot scam prop isn’t working. Aai says they have outsourced most of their trading activities to three third party partners, and further explains:
(youtu.be/vrxvGOP4sxI?t=3826)
Therefore giving an impression that they were doing manual trading since the beginning, but now they have money to more manual traders.
Then — almost like realizing that something is missing — he adds that of course there is also Jarvis as the fourth trader.
At minimum, the implicit conlusion is that Jarvis isn’t working, so they need these purported three other partners to patch up things. But even Jarvis and three professional trading partners can’t generate enough profits, so they need CloudSIM (with an absurd goal of getting 100 million users) and the other unwanted fluff to create more profit somehow — if I understood correctly.
What little they might be manual trading and/or bot trading isn’t enough to sustain a Ponzi scheme. It never is.
The majority of ROI revenue is and always has been paid out of investor funds.
Of course. Cloud Token promises 6-12% weekly returns which means 1000s of percent ROI per year. The level of legitimacy and realism is similiar to a travel agency selling weekend spa holidays in Jupiter. For comparison, I think most legitimate investments probaby barely reach two digit ROI per year (on arverage).
And there are also many other clear red flags, such as lack of transparency. There is no proof that they are making anything with their trading activities — let alone absurd ponzi ROIs.
It’s absolutely mind-boggling and infuriaiting that authorities don’t react to these kinds of obvious frauds and put an end to them immediately. They should react to the promoters and leaders of these schemes same way as they react to someone shamelessly pushing child pornography or pickpocketing in public.
It only takes something like a couple of minutes to see that these are scams.
Right, so originally, the only buyer of CTO (fictional tokens, not on a blockchain) was the company itself.
So everyone giving cloud their real money, in exchange for a chance to get it back in the form of fake tokens, like a consumer rewards program, which they can then sell back to the company.
And now they have said they will make an exchange. So they going to stop buying back their fake tokens??
hmmm… so now you give them real money, they give you back reward points in their SQL database that you interface with the app, and then tell you to go sell them to each other to get your money back…
HAHAHA, actually, it’s fking brilliant!! It’s a rather creative exit scam… Now they don’t need to overtly steal the money, since they have no obligation to you other than increment your reward points daily,
it’s price will go to zero if left to the market to decide its value, and at that point Cloud has performed EVERYTHING according to the terms the members agreed to, and owe you nothing, then close shop and blame the members for not buying enough cto tokens to keep the business alive
Fkin brilliant, should write all this in a self help PDF called “How to successfully run a Ponzi and get away with it” and sell it to idiots on social media for $399 a copy.
Looks like Ronald Aai (real name: Aai Sheau Yeah) is lying again.
Cloud Token has opened a OTC platform “Ribbons” on a domain ribbonsotc.com. In a recent QA webinar(youtube.com/watch?v=aT8OdxzxuHw), Ronald Aai says right at the start:
There is no mention in the Ribbons T&C about the corparate entity running the platform, so we don’t know who the “third party” is. No indications on domain whois data either.
But if you look at the source code of the site, you can see hidden (with a comment tag) a reference to a Twitter account of something called “cryptoswop”.
There is a identical looking OTC platform “cryptoswop.io” launched in 2018 — compare! The “cryptswop” T&C doesn’t mention anything about the company behind it, but the copyright info at the footer says “by Snap innovations” with a dead link. It’s this company: snapinnovations.com , because it matches the street address on “cryptoswop” Facebook page (othrewise the company name isn’t mentioned on it).
Therefore Aai is lying because Ribbons is not build by his people but Snap Innovations. And shame on that company for helping a criminal ponzi fraud!
[There is also a what appears to be a cryptoswop beta/pilot platform hanging around on internet: grabcoins.io ]
@ That Guy
Yes it is quite brilliant isn’t it?! Scammers are becoming more and more creative. With each scam that passes, the next ‘would-be scammer’ learns something new and improves upon the similar, previous scams.
This exit scam is quite impressive but still obvious for anyone who is not in denial (Cloud Token users) hoping that the company is legit and it’s merely in a transition phase to bypass global laws.
For those folks, I’m sorry to say, you can kiss your $$$ goodbye!!!
Good detective work 🙂
Not sure if it means anything yet but Ronald Aai just nuked his entire Facebook account sometime in the last 24 hours.
OZ
I can still see his page, what is left is a profile pic from 2018..But he has stop posting back in early November. Same thing on twitter, his last post was on November 4th..
Some of the higher ranking members suggested that he does not post or try to answer questions because this poor man was so busy and having no time for his million + members and questions…
Paul Rubinstein the policing officer of the group 😉 ( sarcasm ) posted this:
Yeah the account is still up but he’s nuked everything except the profile photo.
Even the bullshit resume details are gone.
The move to Cloud Chat was to stop creating publicly accessible incriminating evidence. Nuking the Facebook account appears to have been the next step.
Not like Cloud Token affiliates are going to complain. The company has everyone’s funds hostage (except the top recruiters who cashed out months ago).
OZ
Thanks for the reply.. Cloudchat is not working for over 4 days. Yes, the funds became hostage some complaining like 6 weeks waiting now.
So very sad, Yes, those recruiters at the top did actually cashed out a few weeks ago, but some still have funds stocked in there too.
its probably the exit coming. As the price of BTC declines so are the funds compared to 6 weeks ago when members were trying to withdraw! Take care!
Affected people should contact the central bank of Malaysia’s fraud department:
bnm.gov.my/microsites/fraudalert/04_help.htm
Send them an email.
I find BelhindMLM distrubingly entertaining, in a morbid sort of way.
One major reasons i didnt join Cloud Token was,
1. BehindMLM revlealed Faith Sloan was involved, otherwise i probably would have been silly enough to believe the spruikers and joined because my smarter than me friends had joined and were making a ton of money.
I guess thats props to OZ.
BigC
Cloud Token:
Ceza inquiry afterthat:
It’s possible that the whole CEZA thing is pure bluff, but if they manage to pull it off, they most likely won’t use that less than a year old Australian shell company.
More likely they’ll partner with a company that already has that license or use an existing company (with no apparent links to Cloud Token) which has some chances to obtain the license.
What does a Ceza license have to do with Cloud Token being a collapsed Ponzi scheme?
I don’t doubt having a license to do something or other in the Cagayan Special Economic Zone is very important to a company operating there.
Perhaps it even has some relevance to such a company’s activities elsewhere in the Philippines. But why should the rest of the world care?
No company I have ever had dealings with had a license from a local authority in another country, and that’s never been a problem.
They are obviously trying to reboot the scam, or at least prolong it.
It’s truly amazing how you can keep these MLM scams rolling even though the original promise and story gets suddenly complete overhaul with the collapse. OneCoin did this many many times.
Nobody understands the convoluted mess that Ronald Aai is currently telling and it probably doesn’t make much sense anyway, but I think CEZA license is supposed to be one of those steps that will somehow enable Cloud 2.0 investors to cash out their “CTO”-ponzipoints again (via P2P OTC platform Ribbons?).
Meanwhile there is this other unwanted fluff such as CloudSIM, CloudTravel and Rogue which is supossed to give “usability” for CTOs as a consolation prize or surrogate activity that will help them to wait for the final fix to the withdrawal issues.
[If that doesn’t work, no doubt Ronald Aai will build Jarvis 3.0 Quantum Terminator Arbitrage Robocop that will print space cash from its arse.]
It’s absolutely clear that you are mad at the success of Cloud 2.0. You thought by now the company would have been closed down.
What a big disappointment! By your writeup, you don’t even have a single understanding about the company and you are writing rubbish!
You do not know how the Cloud travels works and other components. All you bent on is to write negative about Cloud but it is absolutely showing that you are a moron and running out of things to write against the company.
I will ask you how far in the next few months to come. Low life!
@James
Uh, what success? Cloud Token collapsed and stopped paying out over a month ago.
Who cares? Cloud Token investors invested for the sole reason they wanted to withdraw more than they invested (i.e. steal money from people who invested after them).
Nobody cares about Cloud Travels, Cloud SIM and all the “lulz we can’t pay you” excuses.
cloud token, cloud 2.0. So many things in the pipeline cloud sim 4.6, ribbons feature, hotels and grab taxis. So many things coming.
Jarvis 2.0 in January where we will make even better returns.
But the best feature, we will be able to buy box with fresh horse manure, (other options available of matured horse manure). We can purchase this directly in the app using our CTO’s!
It gets delivered to your door in a 6cm box, with a smell-less lining, So the smell doesn’t make you pass out when you open it.
Special gas masks also available from feb 2020 for 200 CTO.
As your money invested in cloud and your CTO’s are as valuable as manure, fresh air, and sprinkle dust.
Jen xoxo
It’s claimed that Cloud Token got kicked out from their Malyasia premises because their landlords didn’t like angry & disappointed investors causing unrest by demanding their money back:
(facebook.com/CloudTokenGlobal1/posts/569450743832264)
@Semjon
I was about to believe the “angry investors storming the office” bit until I read on and saw it was just another no withdrawals excuse.
Treating it as suspect for now.
I visited Q Sentral and spoke to building management 4 days ago, who told me Cloud 2.0 moved out around the 1st of December without telling anyone.
Building management was NOT aware of Cloud moving out!
They further said that there had been a group of Chinese looking for Cloud and they had gone to report Cloud to the local police.
I have also filed a report with the Malaysian police in the last few days and sent emails to various government authorities Singapore and Malaysia
Further my research has revealed that the company and person behind it is the following and whoever googles the owner and director can see who it is
Cloud Technology & Investments PTY LTD
Registered addresses
62-66 Paterson Street
Launceston
TAS 7250
Principal place of business
3 Claremont Street
East Launceston
TAS 7250
Director
David Michael Dobson
3 Claremont Street, East Lanceston, TAS 7250
Date of Birth: 21/06/1975
I have tried reporting this to Australian authorities, who are not really interested as I’m not a citizen of AUS.
Further it seems that a big group of chinese players have managed to get their funds out but the biggest guy who currently is a “C5” level taking out 600.000/day is still funding all events to push on.
His name is Lui Ming. Under him are Kancha Chora and Bob Ang, also pushing on with the scam.
Interesting what Tom writes above because Mr. Yeah is still clinging on to his eviction story.
Oz was probably right on the money when he instantly recognized it as an withdrawals excuse.
From Mr. Yeah’s latest Dec 12th update:
(facebook.com/cloudtokenwalletbot/posts/470987136938855)
More and more investors are starting to lose faith. One of the public Facebook groups announced that they are moving to “Camp Skeptics”:
(facebook.com/cloudtoken1/posts/724628414734993)
All I read in Mr Yeah’s latest update was even more withdrawal excuses.
Luigi Bruini’s and Justin Halladay’s “Power Team” officially joins the “Camp Skeptics” too:
youtube.com/watch?v=b0wxd5tpeBA
Like all top scammers in collapse situation, they claim to be victims like anyone else.
Luigi says Ronald has not not talked to him for 3-4 weeks, and he has not gotten money out from Jarvis for 4 months.
Allegations that tens of millions of “volume” have disappered from top leader’s account during last several days.
CTO ponzi points which has declared/invented value of over 50 cents, is sold at 1-5 cent rate on open markets.
Rumours aired that Ronald is behind Exxa and Torgue (See: youtu.be/oJYL35-mzJM). Which is fact because Ronald’s firm “SQ2 Fintech” was publically mentioned as one of Exxa’s owners.
Exxa also claims to use SQ2 developed “Aurae” technology just like CloudToken.
Exxa’s leader Francis Aw (real name: AW YONG CHEONG YAM) was Ronald’s buddy from their Bit Bita Systems project (facebook.com/bitbeta/posts/565644643873396) and co-owner in SQ2 (paweldrewniak.com/wp-content/uploads/2019/10/EXXA-dane-sp%C3%B3%C5%82ki-i-inne.pdf).
World Blockchain Forum. We’ve been saying all these recent Singaporean shit tokens are connected since day 1.
And geez Louise, Bruini is a fright without his makeup on.
They seem to be connceted to WBF, but I don’t think anyone knows for sure what the exact nature or the extent of the relationship is.
This would be a great subject for some investigative journalism, because they might the hub for the last year’s biggest crypto ponzis.
It’s my understanding that WBF became publically involved in PlusToken only in September 2018, when the scam had already started in spring that year.
Is WBF just a partner and facilitator for these schemes, or is it a real “ponzi mill”?
The WBF founder Sheng Zhao, aka Johnson Zhao aka Jason Zhao appeared in early marketing materials as a famous big player in Asian crypto world who owns company from Silicon Valley etc.
His background seemed fabricated when I tried to investigate . He was at the Cloud Token May 2019 launch event, but seems to have completely dissociated from CT.
WBF seems to arrange real crypto forums which have mostly legitimate crypto people on them, but they embed some of “their” ponzi projects amongst them. S-block seems to be the latest ponzi which has the most direct ties to WBF.
This is how Ronald described his relationship to WBF in one of the earliest webinars:
(youtube.com/watch?v=PXx6Zb9bdh8)
Given how WBF keeps popping up in conjunction with these Singapore token Ponzi clones, I’m of the belief they’re behind them.
The model is always the same; launch a scam token Ponzi with some fallguy to front it. WBF itself keeps a distance but if you dig hard enough there’s always a connection.
WBF is basically a Ponzi token factory as far as I’m concerned. They keep launching new ones as the old ones die off.
I have connected all this already but can’t attach a screenshot here..
can try this: ibb.co/7p4hM4X
Great job Tom!
Based on my research, I would also raise these points :
– Ronald has said that Bit Beta Systems (web.archive.org/web/20190701051251/https://bbeta.io/) is owned by “some guys from WBF” and is “technology arm for WBF” (youtu.be/PXx6Zb9bdh8?t=467)
– YFC Technologies Pte Ltd is Ronald’s Singapore based company which is also closely tied to Cloud Token.
Installation of (early?) Cloud Token app required to trust “YFC Technologies” as the unknown source in Android/iOS settings.
YFC has number of Jarvis linked subdomains: securitytrails.com/list/apex_domain/www.yfc.io
– Anthony Lau (real names: ANTHONY LAU HONG KAY / ANTHONY LIU HANQI) was the CEO of World Blockchain Forum (source: his LinkedIn and web.archive.org/web/20190507114744/http://en.wbf.io:80/portfolio/jeju/).
He was/is also the CEO of SQ2 Fintech (paweldrewniak.com/wp-content/uploads/2019/10/EXXA-dane-sp%C3%B3%C5%82ki-i-inne.pdf) and YFC Technologies (web.archive.org/web/20180804185832/https://www.yfc.io/).
– Matthew Suen (real name possibly: AU SAI CHUEN) . Cloud Token “project manager” or Business Director of Cloud 2.0″ or Product manager of Cloud Token.
He is also a co-director and co-shareholder in SQ2. Also involved in BitBeta as business director.
There has been a lot of talk lately about Plus Token being the culprit behind the recent bearish crypto market. For example:
thenextweb.com/hardfork/2019/12/17/bitcoin-cryptocurrency-price-dump-ponzi-scheme-plustoken/
I think this massive sell fear was already raised in August, when it was revealed that as well as good amount of BTCs, PlusToken managed to scam 10% of the whole Ethereum supply. (blockonomi.com/plustoken-scam-10millionl-ethereum-supply/)
I don’t see that the recent collapse of CloudToken has been taken into account in their anylses. The news has not reached the crypto world yet, although the collapse happened months ago.
So there are not only one but two massive collapsed crypto ponzis that might be contributing to the current bear market. Cloud Token is quite likely on the same scale as Plus Token was.
TBF the crypto market is so heavily manipulated by Chinese miners it’s hard to tell what effect anything has on it. dEcEnTrAlIzAtIoN…
This one is officially a wrap…
azcoinnews.com/ponzi-cloud-token-project-was-disrupted-by-chinese-police.html
That Weibo video looks promising.
Anyone know what “Ping An Taiyuan” means? I think Taiyuan is a place. If that’s an official police account that’s good enough for me.
edit: can’t find any independent news sources. Going to wait on this one. Would help if I knew what Cloud Token went by in Chinese (simplified).
Cloud Token denies the “arrests in China” news:
(facebook.com/cloudtoken1/posts/734031610461340)
I haven’t been able to find good sources to reliably link the arrests to CloudToken, so it might just be true.
I’m only aware of one Cloud Token (translated as Cloud Coin), in China or anywhere in the world.
That said everything comes back to that Weibo post, which I’m not confident relying on as a primary source.
In message #14 I traced Cloud Token Ribbons OTC platform to a company called Snap Innovations (SNAP Innovations Pte Ltd ).
I just discovered that Snap Innovations issued out this official notice on December 5th in which they try to distance themselves from it:
(snapinnovations.com/snap-innovations-notice/)
It’s great information because Firstcube isn’t mentioned anywhere on Ribbonsotc website, as far as I can see.
Ronald has said that Ribbons is run by third party company for legal reasons, but that seems to be a lie.
Firstcube Sdn Bhd appears to be a Malaysian corporate entitity associated with Ronald Aai and/or Cloud Token. On its website (firstcub3.net), the following address is given:
Unit 13A-13, Q Sentral, 2A, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, Kuala Lumpur, Malaysia
If that address sounds familiar, it’s because the second office of Cloud Token (first being in World Blockchain Forum premises in Singapore) used to be in Q Sentral until early December when they left/were kicked out.
In fact, Cloud Token affiliate website gives that exact address as the Cloud Token’s office location, see: worldtradingclub.com/wtc-cloudtoken/
Another connection to Aai/CT that I can see is that, that the domain Whois data of “yfc.io”, Ronald Aai’s and Anthony Lau’s Singaporean firm YFC Technologies Pte. Ltd., says:
Registrant Organization: FirstCube Sdn Bhd
But Snap Innovations is hardly innocent company either as it’s known to be associated with many other scams besides Cloud Token as well.
Most notably its director Bernard Ong is currently a lead figure in Exxa wallet/Torque crypto Ponzi scam.
Earlier Snap Innovations was partner in Ronald Aai linked (and now defunct) “project” Infinitus Token, which has some elemnts of at least a classical ICO scam.
Ting Shang Ping of Snap Innovations was of was one of the leading figures in Infintus:
web.archive.org/web/20180919210451/https://infinitustoken.io/
Infinitus Token was also featured on September 2018 World Blockchain Forum, I think on the same infamous event when WBF announced its collaboration with PlusToken.
See: twitter.com/InfinitusToken/status/1041885293442461696
In the second picture, there is the whole SQ2 Fintech core posse (Ronald Aai, Anthony Lau and Francis Aw) with the INF leaders.
Infintus Token was supposed to be — like Cloud Token and Exxa — based on their “Aurae” technology.
In fact, the Infintus Token app looks somewhat similiar to CT app:
youtube.com/watch?v=62FMK7Sfn0Y
The “referral code” might indicate that there was a MLM element it the Infintus Token scam as well.
The MLM stuff is actually somewhat hidden in Cloud Token too — you can’t find any indications (e.g the compensation plan) of it on their official “cloudtokenwallet.com” website.
Another indication of links between Snap Innovations and CloudTOken is that there was a refence to a their technology “Snapbots” on page 29 of the beta/alpha version of Cloud Token White Paper (drive.google.com/file/d/1m-INsux9tZX6cZgdrGFFquRjaFR0_3x8/view) from January 2019.
On that page Zenbot was also mentioned, which Ronald Aai later presentd as Jarvis in the demonstration videos…
Its amazng how some leaders just move on to the next now is CASH FX how long before that one implodes ??
Anything Luigi touches is a scam…
There has been a new development in Ronald Aai’s attempt to reboot the collapsed scam.
New CloudToken app update has appeared, which forces members to either accept or decline the new T&C/Business Plan.
The plan/contract is of course a confusing mess presented in confusing way. Problems and open guestions abound, so one prominent promoter has issued this statement:
(facebook.com/groups/666022993580846/permalink/1285921808257625/)
This post is some kind of summary of the main changes:
facebook.com/cloudtoken1/posts/757328614798306
Some additional aspects are presented in Faith Sloan’s new video (youtube.com/watch?v=r1TBan9GGxA), such as members are allowed to change leaders, all member social media etc. posts on CT must go through Aai’s “media department” with disapproved posts resulting 30 day account suspension.
Account can also suspended for 90 days if scamming/cheating/cyberbullying is commited — which is hilarious demand in a scam.
Good news is that there is a prospect of getting some of your money back, but it remains to be seen (7-14 days) if it actually happens.
[I think the contract seems legally dubious as it names the Cloud Token App as a contract party. It’s my understanding that any viable contract must name a clearly specified legal subject (natural or legal person) as a contract party, and an App isn’t one.]
It would be very hard to conjure up any sympathy for anyone signing any type of CONTRACT with a scam scheme which stopped paying months ago and wants you to agree to delaying payments by another six months.
So what can we do now when everything is clear? We are all a victims of fraud and we cannot withdraw or money?
We are so many maybe somebody will listen to us. This is so big, and so many people lost their money.
Probably should have thought about that before investing in a Ponzi scheme. Sorry for your loss.
Cloud 2.0 is a total scam that is bleeding ordinary investors from around the world….. what has happened to all the promised returns on our investment?
Just today i noticed that the Balance in in USDT has shrunk by 35% and the Balance in my Projects Jarvis AI BTC value has been depleted by 50%.
IF THIS IS NOT A SCAM…. I REALLY DON’T KNOW WHAT IS !!!!
I WILL BE MAKING AN OFFICIAL COMPLAINT/REPORT TO THE CAD EVEN THOUGH I KNOW I WILL NOT GET BACK MONIES THAT I HAVE INVESTED.
THE FOUNDER RONALD AAI SHOULD BE PUT BEHIND BARS FOR CAUSING SO MUCH PAIN AND SUFFERING TO THOSE THAT HAVE LOST SO MUCH MONEY.
Yoooooo so then there is nothing we can do? No lawsuits? Nothing? He’s just going to get away with it?..
Yep. You invested in a Ponzi scheme and your money is long gone.
Sorry for your loss.
Ronald Aai robed me for all my money and cloud token 2.0 are a bunch Thiefs.