DasCoin securities fraud cease and desist issued in BC, Canada
DasCoin is the latest MLM cryptocurrency to receive a securities fraud cease and desist.
As part of Operation Cryptosweep, the British Columbia Securities Commission issued DasCoin with a cease and desist notice.
As at the time of publication the DasCoin cease and desist notice hasn’t been made public. Nor do we know exactly when it was issued.
Seeing as the notice is part of Operation Cryptosweep however, I believe DasCoin was served sometime over April or May.
On the MLM side of things DasCoin is promoted through Net Leaders (formerly Coin Leaders).
On the Net Leaders website, the company markets itself as “the home of DasBlockchain”.
As I write this, neither DasCoin or Net Leaders have publicly acknowledged the British Columbia cease and desist.
Instead they’re busy hyping DASC’s recent listing on CoinMarketCap, where it’s currently sitting at 17 cents.
After launching as Ponzi points through Net Leaders, DASC is now being publicly traded through the Coin Falcon and BTC Alpha exchanges.
Operation Cryptosweep is being coordinated by the North American Securities Administrators Association (NASAA).
With respect to British Columbia Securities Commission being a NASAA member and their involvement in enforcement, Doug Muir, Director of Enforcement stated;
Fraudsters are always looking for new ways to attract victims and many are taking advantage of the popularity of cryptocurrencies to perpetrate their schemes.
Seeing as Net Leaders was initially launched as a OneCoin clone at the height of its popularity, Muir isn’t far off the mark.
I had sent every provincial regulator this in December. I hope this is part of a larger sweep.
Mlms should be outright illegal. They should just make recruitment commissions illegal for all of it.
The main recruiters are taking a back seat already and pushing out new mugs to front this scam.
Dascoin Currency of Trust!
I have been inundated with calls to become part of this Dascoin opportunity.
Done a little bit of research, so far this is what i have found, The CEO and the co founder were Onecoin promoters, global ambassadors were banner Brokers top recruiters.
Leaders from Cyprus was heavily involved in Banner Brokers also, Cork leader was a One Coin promoter among many other scams.
Galway leader was recently a big promoter of Nano coin scam, was also featured on RTE Primetime programme for another scam.
Armagh leader has been involved in Etic Solution, Zeek rewards and a number of other dodgy money games.
Birmingham leader big promoter of banner Brokers, Traffic monsoon and so many others.
Welsh promoter, omg he has been in every bloody failed money game.
DasCoin “The Currency of Trust”. Would you trust this gang?
DasCoin advisory council member Thomas Grant giving updates on Barcelona event. What a joke.
facebook.com/thomasrgrant/videos/10213734345566891/?fref=mentions
Big scam. who the Irish scammers? what’s there names?
DasCoin elite, Paul McCarthy,cork. Tony Lynam,Galway. Hugh McAlinden,Armagh. Gerard Gearey,Cork. Donal McCrossan,PortStewart. Mick Mulcahy,Cork. Vivian O’Callaghan,Cork.
DasCoin Cease and desist swept under the carpet, the coin price has collapsed, now selling CRM systems to businesses.
New mantra at the meetings, forget cryptocurrency and blockchain, selling CRM’s is the way to make money.
Is this scam near the end, let’s hope so.
Former software developer from Dascoin calling out their scam:
twitter.com/dandabek/status/1023225025141374977
Even he receive death threats from them:
twitter.com/dandabek/status/1023251949779656704
I looked into this as a potential story. Dabek appears to only ever have been a DasCoin advisor.
As I understand it being an advisor for a cryptocurrency company is the weakest of association. They usually have 10 to 20 of them, most of which seem to be there just in case the altcoin takes off.
you are out of news.
we can make online purchases online with dascoins!
I dont know about other companies but Dascoin is clearly not a ponzy scheme, regardless what haters say.
Name one independent merchant that accepts DASC.
For what’s it’s worth Dalia did return to leave another “haters” comment. No mention of an independent merchant that accepts DasCoin and so the comment was spam-binned.
Conclusion: Dalia Alvarado is just another full of shit Ponzi scammer.
I’m a journalist with the Sunday Times in Dublin looking into Das Coin.
If anyone has got involved in this matter, could they email me in confidence at john (dot) mooney (at) sunday-times (dot) ie