CoinMD on the verge of collapse, Tom McMurrain asking for $100,000

Mar.07, 2019 in companies

In a “State of the Union” video published a few days ago, Tom McMurrain has revealed CoinMD is facing a “financial hurdle”.

CoinMD has grown quickly – in fact too quickly and we have run out of operating capital. This is a good and bad problem.

Pending injection of new investment, McMurrain has threatened to “close the doors” by the end of the month.

According to McMurrain (right), CoinMD is going through a “short-term cash crunch”.

[00:49] The solution is a lot of people who have a vested interest pitching in (and) offering to help a little bit to fix it.

In attempt to raise funds, McMurrain launched a crowdfunding campaign on Crowdfunder.

[1:12] The Crowdfunder campaign is live and I’m committed to achieving the $100,000 goal.

If we do not reach this goal we may have no choice but to close down CoinMD by the end of the month.

We need a minimum of say a thousand members, who are willing to invest $100 or more to keep the CoinMD vision and mission alive.

Those that do invest have been promised equity, CoinMD tokens and commissions “to sell to a future member, so you can recoup your investment”.

In other words McMurrain is looking for new CoinMD bagholders, or existing bagholders to take on more bags.

Then, in true Ponzi fashion, the only way to recover losses is to offload said bags onto new bagholders.

As per a response received from Crowdfunder support, as of a few hours ago Crowdfunder has removed McMurrain’s CoinMD campaign.

The CoinMD campaign was removed from our platform.

Regards,
Support

CoinMD launched in mid 2017. The company’s business model is essentially “blockchain something something I wrote an ebook on Amazon once something something healthcare”.

At the core of the business are CoinMD and CoinRewards tokens, which McMurrain generates on demand at little to no cost.

Through the CoinMD compensation plan, CoinMD and CoinRewards tokens are dumped on investors.

Neither token is publicly tradeable and thus they hold no value outside of CoinMD itself.

The MLM side of the business is your typical MLM cryptocurrency hype model with pyramid recruitment.

Since inception neither CoinMD or McMurrain have registered with the SEC, meaning the company operates illegally in the US.

Leaning into his former OneCoin downline, McMurrain managed to carve out a gullible group of investors from Nigeria.

At the time of publication Alexa estimates that roughly 73% of traffic to the CoinMD website originates out of Nigeria.

Neither McMurrain or CoinMD are registered with the Nigerian SEC either.

Meanwhile whether anyone in Nigeria has healthcare through CoinMD is unknown.

The company does not provide any audited disclosures to the SEC or its investors.

This includes how much has been invested in CoinMD since 2017, what invested funds have been spent on and how much is left.

Outside of CoinMD, McMurrain also operates what he calls the “Titan Trading Club”.

Hello CoinMD Family,

Earn $1500 commission and prequalify for a $25,000 unsecured loan to build your cryptocurrency portfolio.

Titan Trading Club is LIVE and if you have a Silver Membership or above the $4995.00 Annual Membership Fee is waived.

You definitely want to check this out – CLICK HERE (tracking link broken)

Titan is an “in-house” Team Alliance Partnership so your CoinMD Team is protected and you can now start generating $1500 daily BTC commissions starting today.

Build a cryptocurrency portfolio and get Titan Trend Alerts to increase your cryptocurrency portfolio!

Register and watch the automated webinar system do the explaining, enrolling and training for you!

Here’s an idea; perhaps McMurrain can “prequalify” himself for a $100,000 unsecured loan.

I mean if it’s good enough to push onto CoinMD investors, why not “be a product of the product” and save CoinMD in the process?

Sure beats begging Nigerians for more money…

Update 7th March 2019 – In a followup email set out to CoinMD affiliate investors, Tom McMurrain is now claiming all is well.

Update 20th July 2019 – Tom McMurrain has taken the “State of the Union” video referenced in this article offline.

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8 Comments on “CoinMD on the verge of collapse, Tom McMurrain asking for $100,000”

GlimDropper

Mar 7th, 2019 at 10:32 am (Q)

The crowd funding link is already down. I’d award extra exit scam style points if it was Tom who reported himself.

As far as the Alexa rating, that just tells you when Tom stopped buying bot traffic, he’s been in the organic traffic sewer for more than a year.

Lynndel "Lynn" Edgington

Mar 7th, 2019 at 1:29 pm (Q)

I wonder what Tom’s Parole Officer thinks about his “choice” of occupation? I guess Tom doesn’t think the terms of his Parole apply to him and the Ponzi’s he has continued to pimp.

I guess he thought as long as he wasn’t running them he wasn’t violating his conditions of Parole.

Then he started CoinMD and now he can’t make that claim. I don’t think his Parole Officer would agree that he has not violated his terms/conditions of Parole. That is if he knew what Tom has been doing.

GlimDropper

Mar 7th, 2019 at 4:03 pm (Q)

Sorry, false alarm:

CoinMD – We Will Survive! – Exciting New Launch Details

Dear CoinMD Members,

Watch the 6 Ds of CoinMD Update – CLICK HERE

Good news to report – 16% of the crowdfund has been collected and we have several leaders who have committed to raising $10k each from their team efforts. We have a serious commitment from a larger investor as well.

Shut down WILL be averted and new development is already underway. In this email I have outlined the changes – and the sustainability plan moving forward.

I want to get this crowdfund done so we can get back to work and hitting 1mm members.

Do you have $25k or more…

SPECIAL OPPORTUNITY – Please read this email FULLY and understand that we have a solid revenue model beginning in April. – 250,000 members will get renewal and wallet unlock notices for $29.95 before the end of 2019.

For lenders with $25k or more I will give you a 9 month note with a 50% interest rate. For $100K we will pay back $150k in 9 months (by December 31st). No equity – no coins – just a senior note on the company. If you are interested – email me (removed).

If you have a team – at a minimum raise $1000 to help complete the crowdfund.

If you want to double the amount of coins that you have – talk to me – we will make a deal commensurate to the investment amount.

If you have a large team – commit to raising $10k in March to help with the crowdfund.

If you are unhappy – we have no time for negative – sky is falling energy – Please sit on the sideline and wait until we get it done.

Together we will make this happen – 250,000 members depend on it! Teamwork makes the dream work.

Ok – let’s get into it…

We have learned a lot from the last 18 months and these are some of the adjustments we are making to the CoinMD 2.0.

Memberships Purchase Requirement

50% U$D (Formerly CMDT) and 50% CMD (Changed from 70/30)

90% of CMD used will be burned (No Change)

10% of CMD used will go to charity (No Change)

Membership Details

Free – Can refer members and earn KYC bonuses and earn up to $100 a week in DIRECT commissions only for referring members. Must pay $29.95 to unlock wallet. Wallet restricted to spending on CoinMDchoice for Products and Services only.

Prime – $99 can earn up to $250 per week from Direct and Binary Bonuses. Monthly wallet coin withdraw restriction of 10%. Must pay $29.95 to unlock wallet to send coins to exchange or marketplace.

Prime+ – $199 CMDXFit/$30 in CMD per month. Can earn up to $350 per week from Direct and Binary Bonuses. Monthly wallet coin withdraw restriction of 15%. Must pay $29.95 to unlock wallet to send coins to exchange or marketplace. (50% CMD or U$D)/50% Bitcoin for CDMX)

Bronze – $550 Can earn up to $550 per week from Direct, Binary Bonuses and Level 1 matching bonus. Monthly wallet coin withdraw restriction of 20%. 2x Points on CMDXFit. Must pay $29.95 to unlock wallet to send coins to exchange or marketplace.

Silver – $1100 Can earn up to $1100 per week from Direct, Binary Bonuses and Level 2 matching bonus. Monthly wallet coin withdraw restriction of 25%. 3x Points on CMDXFit. Must pay $29.95 to unlock wallet to send coins to exchange or marketplace. HWallet info lease = $1100 in CMD

Gold – $3300 Can earn up to $3300 per week from Direct, Binary Bonuses and Level 3 matching bonus. Monthly wallet coin withdraw restriction of 30%. 4x Points on CMDXFit. Must pay $29.95 to unlock wallet to send coins to exchange or marketplace. HWallet info lease = $3300 in CMD

Platinum – $5500 Can earn up to $25000 per week from Direct, Binary Bonuses and Level 4 matching bonus. Monthly wallet coin withdraw restriction of 50%. 5x Points on CMDXFit. Must pay $29.95 to unlock wallet to send coins to exchange or marketplace. HWallet info lease = $5500 in CMD

Enrollment process

Watch automated webinar and enroll for free. Captcha Required. Must watch full webinar to see offer to enroll.
Complete KYC to OPEN CMD Hardwallet and U$D wallet
Purchase CMD on decentralized exchange and U$D from referring member.
Pay $29.95 to UNLOCK wallet
Purchase Membership

Tech Enhancements:

#1 – We will be moving to the Ethereum platform and utilizing smart contracts to auto program distributions for Referral Bonuses, CMDXFit points, Provider Referral Sales, HWallet Info Leasing, and KYC completion.

KYC – Upon completion of the KYC the hard wallet will be created and $50 in CMD (at par 0.004) will be deposited to the enrollee and enroller – instantly

CMDXFIT POINTS – Each month based on activities completed and membership level your coins will be automatically added to your wallet on the 1st of the month from the previous months rewards.

REFERRAL COMMISSIONS – Every Monday we will calculate the commissions and 30% of your commissions will be paid to you in CMD and 70% will be paid to you in U$D formerly known as CMDT. Coins will be automatically added to hardwallet.

PROVIDER REFERRAL SALES – Members who refer the first 5,000 providers to CoinMDchoice will receive 10% CMD bonus on gross sales of the provider. 5001 Providers 5% 10,001 Providers 3%. These will be paid automatically be paid on the first of every month.

HWALLET INFO LEASING – CMD will be paid into 1 year time release wallet. The amount paid in will be based on the members currency membership level

#2 All existing coins on the current Litecoin platform will be calculated and minted on the new blockchain and deposited in your wallets at a conversion rate of 3 new to 1 (1 million cmd litecoin = 3 Million ERC 20). All open trades on the exchange will be canceled and coins will be returned to the hardwallet and minted in the new Ethereum wallet.

3. We will be listing the coin on a couple decentralized exchanges and CoinMarketcap if our application is approved.

4. We will be opening a GitHub repository for developers who want to earn coins developing Dapps for our token.

5. All membership and marketplace purchases will have to be conducted from the CoinMD hardwallet.

6. No wallet to wallet transfers will be permitted until $29.95 UNLOCK fee is paid.

7. CoinMDChoice purchase will require a minimum of 20% in CMD.

Company Sustainability Revenue Model

250,000 $29.95 Wallet Unlock Fees in 2019.
1,000 $199 End-of-Term Fees for Silver Members who want to maintain their downlines.
CMDXFit – $99.95 paid in Bitcoin to Company 100% paid to seller.
.5% Transaction fees on wallet and marketplace transactions.

Member Advisory Board

We are assembling a Member Advisory Board to meet twice a week to discuss member-corporate issues and additions to the CoinMD business model.

In Conclusion:

On the launch or CoinMD 2.0 we will not be using CMDX, CMDXminer or CoinMDWallet. We will be using CoinMDChoice marketplace.

CMD will be based on Ethereum, many of the coin distributions will be auto programmed through smart contracts and we will be listed on a decentralized exchange.

Before the CMD coins can be transferred out of the hard wallet to purchase items or moved to the decentralized exchange, the 29.95 annual UNLOCK fee must be paid by all members.

We have established withdraw restrictions based on membership level to reward those who have made the commitment to a higher membership package and to reduce the outflow to the sell side of the ledger.

We have added a new product Prime+ for $199

We have changed the membership purchase requirement to 50% CMD and 50% U$D to create more buying demand on the exchange.

If you need clarifications or have questions please direct them to (removed).

Excited for the future of CoinMD – The next 18 months will be stellar!

Live Healthy, Be Wealthy,

Tom McMurrain

My most abject and profuse apologies to Mr. MacMurrain for suspecting he might have sabotaged his own crowdfunding effort.

No matter how good an exit scam excuse it would have been (better in fact than the ranking champion “dengue fever” excuse by a program admin in the American mid west) I should have known that Tom is a bottom dollar dude.

Coin MD 1.0 or 2.0, meet the new boss, same as the old boss and that same old boss might well be kicking himself that in the last calendar year Panamanian teak and noni futures out performed crypto by a good percentage.