Fintoch exit-scam complete, website offline
Fintoch appears to have wrapped up its exit-scam by disabling its website.
At time of publication attempts to visit Fintoch’s website return an “ERR_NAME_NOT_RESOLVED” DNS error.
This doesn’t appear to be a temporary error as I noted Fintoch’s website has been manually removed from Google’s search results.
Typically a previously accessible website can linger for up to a week in search results.
Fintoch was a Boris CEO Ponzi scheme that collapsed on May 23rd.
In an attempt to create as much distance from themselves and their victims, Fintoch continued to string investors along with techno babble about FTC tokens.
Fronting Fintoch were US actors Mike Provenzano and Joel Fry, playing CEO “Bobby Joe Lambert” and Chairman of the Board “William Thompson” respectively.
Fintoch last social media upload was on June 5th. It featured what is believed to be an old March 2023 video featuring Provenzano and Fry.
Provenzano otherwise disappeared from representing Fintoch in March 2023. Fry took over as the face of Fintoch the same month but hasn’t been seen since the late May collapse.
At time of publication Fintoch’s social media profiles, although abandoned, are still accessible. We’re assuming they’ll disappear shortly.
Fintoch is believed to be run by scammers hiding in Singapore during the Ponzi scheme’s run.
As of May 2023, SimilarWeb tracked top sources of Fintoch website traffic as the US (29%), Malaysia (13%), Vietnam (8%) and India (7%).
Total Fintoch investor numbers and how much they’ve collectively lost remains unknown.
Update 18th August 2023 – Fintoch is trying to reboot as Standard Cross Finance.
If you are scammed in the Philippines let us know who was the scammer, we will expose report and sue them (SEC NBI PNP) PH Fintoch serial scammers:
Their (Facebook) Names:
Mentor Chris (Sandoval) & Sissy Garcia (Sandoval)
Arlyn Paderes & Albert Benliro
Nora Ngan-oy still Hiding in Dubai
These serial scammers also where involved in:
Mavie/Ultron
QZ
Monarch
GSPartners
LYDIAN.WORLD
Algotech
Football click button Ponzi
Xifra/Decentra
Omega pro
Validus
They have yet to stop their activities. They have set up another website called (Ozedit: removed)
Not seeing any evidence that’s a reboot of Fintoch. Looks like a recovery scam.
Hi Mr Oz, I Ve checked out at coinmarketcap Fintoch FTC coin currently price at $121.05..Does the company still exist?
No it means Fintoch exit-scammed through a shitcoin that’s being pumped through wash trading.
Also FTC isn’t tracked on CoinMarketCap.
Thank you for giving me this information.
They have not quite “officially” collapsed or at least not in their investors eyes. Seems like the company has “migrated” the “decentralized “ funds to some “mining” platform and the rewards are being supposedly paid through mining.
Investors seem happy with this move and oblivious to the fact that
1) if the platform was truly decentralized then no way could the company simply “move the funds for members benefits” and
2) the fact that the funds have been moved probably means they have already been pocketed by the company which is most likely buying time to make a safe and clean exit.
Very easy to initiate a long-term exit-scam in crypto Ponzis after a collapse.
The less educated the victims, the longer the exit-scam.
I know someone who is still promoting this, or rather the coin FTC. They used to post 1% daily no risk. Then they posted the day after the rug pull “only invest what you can afford to lose.
When I questioned the legitimacy of this given the Morgan Stanley press release they tried to gaslight me “that’s not what that says”, and shared a bunch of “Yahoo” articles from PR Distribution company News File Corp, seemingly unaware that someone paid to have that published.
I think they are too far gone to hear anything but I’m worried about the people they are dragging into this.
I don’t understand how they are still carrying on as of $31M didn’t disappear?
Numbers on a screen is a powerful drug.
After we report on a Ponzi collapsing (disabling withdrawals), it’s not uncommon to get investors coming on here claiming there’s no collapse because they’re still getting numbers on a screen.
I have heard from some of their sources that they have set up a new website and rebranded their blockchain as Standard Cross-chain Finance.
On it. This is on my list for today.