Fintoch Ponzi rebooting as Standard Cross Finance
The collapsed Fintoch Ponzi scheme is looking to reboot as Standard Cross Finance.
Fintoch announced its reboot on August 13th, through a video featuring Joel Fry.
Fry, a US national who’s lived in south-east Asia for some time, plays Fintoch executive “William Thompson”.
Fintoch’s Standard Cross Finance reboot ruse is development of “a leading edge financial chain”. In other words, “Hay guys, we invented a blockchain. Can haz more money?”
As barfed out by Fry;
We are undergoing a merger, a rebranding, a comprehensive upgrading to our brand.
The blockchain will be officially named Standard Cross Finance, abbreviated as SCF.
A Standard Cross Finance website has been set up over at “scfchain.io”, privately registered on August 14th, 2023.
SCF’s website is a clone of Fintoch’s website, relocated to “ftcchain.org” after its collapse in June.
An August 15th SCF press-release reveals Fintoch’s reboot will be run through two new Ponzi shitcoins; FinSBT and FUSD. There’s also a bunch of crypto platform nonsense nobody is likely to care about.
Joel Fry is believed to be working with Russian scammers, possibly with Chinese ties to Malaysia and Singapore.
With Fintoch investor losses unaccounted for and those behind the Ponzi scheme still at large, I’m not really sure why they’re bothering with a reboot.
It’s unlikely any significant new investment will be made. And those that do sign up for SCF will only be there to withdraw their losses.
The likely angle is theater to keep the carrot-dangle approach going. Gullible investors being led to believe “there’s still a chance” means less complaints filed with regulators.
Update 3rd October 2023 – Standard Cross Finance has collapsed.
Hallo,
So we see Willian Thompson ( Joel Fry) showing FINTOCH ( SCF ) offices in Silicon Valley. Their offices is close to Amazon, Google, Apple, ETC. So it is all fake?
Thanks.
You see Fry standing outside a building. A building that has nothing to do with Fintoch or SCF.
The inside shots are rented office. Standard Boris CEO marketing.
Hopefully an arrest is made soon. You’d think they would work a little harder than they do.
I wonder if should even feel bad for people being tricked into thinking anyone can offer them 1%+ a day on their investment.
Pls let me know SCF formerly FINTOCH is genuine company?
They are paying staking rewards @1.4% per day, through their FINPAY system major banks in the world using for money transactions, this is true or scam?
SCF is a genuine Ponzi scheme.
No major banks have anything to do with SCF. It’s all bullshit.
Banks are no use with SCF but they are using their decentralised block chain for money transfer with lowest cost of .2%.
No, they’re not.
No offense but are you dense? Fintoch is a collapsed Boris CEO Ponzi based on bullshit. SCF is a reboot Ponzi run by the same scammers.
This isn’t even believable bullshit. Banks aren’t queing up to use blockchains tied to MLM crypto Ponzi schemes.
mY gOD HELP ME. Is this your first ponzi ? Not sure, but if its not, then you must be a cretin.
Nothing on this site has been reported on, has turned out to be a legit platform.
Go around and have a look at the other reviews and follow-ups. You should see a very clear pattern forming, its not hard to miss.
Have you done your research with the actual legitimacy of Standard Cross Financial? (Ozedit: snip see below)
Yep. Read the article.
I think you should actually look into the blockchain itself (Ozedit: derails removed)
I don’t give a fuck about tHe BlOcKcHaIn, thanks.
More to the point, it has nothing to do with Standard Cross Finance being a reboot of the collapsed Fintoch Ponzi scheme.
Fred he has been through this before. Don’t have to eat a turd sandwich to know that it is a turd sandwich.
Anyone offering you a guarantee return on your capital is running a ponzi. If people don’t put their money into it, you aren’t going to see your one percent, and they end up suspending withdraws.
Quite frankly, with proof he has shown, and the proof that is freely available by google, I wouldn’t even want to be associated with a well known scammer.
Okay, well I apparently like turd sandwiches. Especially decentralized turd sandwiches that you can confirm on the blockchain.
I’ve already received my initial and now I’m making free $$. Its by far the best turds around. I’ll get back to ya in a year sir.
Most likely with a “told ya so”. Have a great day and happely “turd” hunting.
*looks at Ponzi scheme that just collapsed*
“Heyo, I’ll give these guys more money. Because this time…”
MLM crypto investors = literal shit for brains.
Hmmm…okay. I’ll get my free money and you do you 🙂 Promise I’ll try to remember to come back to this site and mention how “turd-like” SCF really is in a year. Then again, this thread with be obsolete by that time 🙂
Best of luck with your investments. Hopefully thier not ponzi schemes like SCF! But seriously, I do hope the best
Too bad you find the truth harder to swallow.
This ponzi scam will most likely have already collapsed by then.
Your clue: Fintoch suffered the same fate.
Regardless of whether you’re stealing money through it or not, SCF is a Ponzi scheme in which the majority of investors will lose money.
Okay Frank picture this, you have a million people who compound their money to no limit making a million dollars, that would be a trillion dollars.
You are involved in a ponzi. There are no banks or institutions working with SCF or Fintoch or whatever you wanna call it now.
It won’t last a year. It’ll crash or they’ll suspend your withdrawals again and give you a voucher to buy a node for their next scam token. You know it and I know it.
Several banks are involved. Along with (Ozedit: snip, see below)
Are your parents closely related or does your village not have anyone qualified enough to teach mathematics at an elementary level?
It has to fail.
When this Ponzi scam collapses and you lose money, will you come back and apologise and eat some humble pie?
Sure thing! 🙂 See ya in a year.
Cheers.
This will not take a year to collapse. You will be lucky if this even launches.
Glad we could make you laugh. Just like a comment made you laugh, your comments gave me a belly laugh. You truly are naive about Ponzi’s and how they work.
You are known by the company you keep and you are in a company of liars and crooks. Great bunch of people you are involved with. Keep enjoying all that stolen money you have received.
But I seriously doubt you will be back when this collapses despite your claim you will.
@Fred
If you want to make financial representations about SCF please provide legally required audited financial reports filed with regulators.
Anything else = meaningless marketing + spambin.
Hello! thanks for your precious advice.
I knew it was definitely a scam. I just invested a few dollars (200 USD) and am supposed to have my investment back by January 2024. Do you think the platform can last at least 1 year?
You’re an idiot. Sorry for your loss.
Are you serious? You know its a scam but still go ahead and invest?
yes i know, well generally i consider it like a sort of lottery.
if the platform last atleast 6 months i will be able to gain some few coins.
Good luck I advise getting it out asap. Sooner the better. As all you’re doing is stealing money.
Also your question is no, ponzis always collapse usually before a year.
People didn’t get involved with Fintoch until January 2023 and it rugged $31 million in May and in return gave people cash vouchers for a node that no one asked for or was interested in. Not even a warning because scammers don’t warn.
Since the rebrand started in August I give it until January if that. Maybe March but that’s pushing it.
*steal some coins. Just like what you’ve invested has already been stolen.
Correct term is stealing.
Hey, thanks for the respectful response. Just a better understanding what happened with the 31 M. It was being reallocated from the BSC to the FTC blockchain.
If anyone knows how the crypto-space works, you would know that unless you have your own public blockchain, you’re going to be under another such as BSC, TRC, ETH ect.
They were not going to keep that money under another public blockchain. I can completely see how a majority of the population who don’t understand how the creation of a public blockchain works hence why they would automatically believe it to be a rug pull.
It was far from any such thing. Here’s some basic info on SCF…
(Ozedit: spam removed)
All of that is just a marketing ploy. 1% a day is not sustainable. Millions of people can’t just print money to no end. How hard is that to understand?
The people promoting it know that too as they wouldn’t say get your original investment back out asap.
Reality check.
There aren’t hundreds of thousands of financial institutions.
None of the real ones is doing what you claim.
Loser.
Bank of Hope is supposedly one of the banks. Guarantee if you call them up they have nothing to do with SCF. Better yet send them an email.
And by the way Bank of Hope is headquartered in America serving mostly Asian market. Their bot probably scraped a bunch of Asian banks and this was one of them
Well the so-called thousands of financial institutions flocking to FUSD isn’t showing up on the daily volume. In the last 24 hours there has been zero volume. Just so Fred understands it, that is: ZERO, ZILCH, ZIP, NIL, NONE, NADA volume.
Total liquidity was a whopping $66.67. Really setting the world on fire and people rushing to buy FUSD.
The shilling for a simple collapsed Boris CEO Ponzi reboot is… desperate.
Blockchain this, blockchain that… bitch the scam is fronted by a charlatan actor.
Fred has been spam-binned, see #25. Same applies to any other SCF Ponzi shills.
Might be wrong but I heard users in telegram are already having trouble withdrawing profits.
OMG , so soon?
Now it’s looking like they may have pulled the rug. Transactions are failing as people are trying to withdraw. It’s being reported by numerous users in their telegram group.
I tried to warn people. I don’t know how anyone thinks anyone can offer them a fixed return.
Something that’s funny I been blocked from their telegram group the other night but I just delete make a new one.
I asked a simple question, proof that banks and such are using finpay. I asked the obvious question where are the press release statements from these banks using such technology.
I even said I emailed some of the banks and will post what they say here. For that question I was blocked. Don’t think scammers like being called out.
I’m aware of SCF’s China announcement.
While SCF might be run by Chinese scammers hiding outside of China (I still think this one is Russians but it could also be a tag-team), the Ponzi scheme itself isn’t marketed in China. So this is of course baloney.
As of August 2023, SimilarWeb tracks Russia, Venezuela, Poland, Australia and the UK as top sources of traffic to SCF’s website.
Two possibilities:
1. Chinese authorities have opened an investigation (or regulators somewhere in Asia); and/or
2. This is the beginning of the inevitable exit-scam.
Funnily enough, all SCF withdrawals currently appear to be disabled. Monitoring…
edit: ah fuck it. I was gonna wait till tomorrow but might as well get this one out of the way.
I don’t think withdraws will be resuming. Don’t think I’ve ever seen one ponzi resume withdraws once stopped. If they do, I hope people pull out while they can.
Their next excuse if withdraws resume will be some kind of tax audit. I wonder what Fred is feeling now?
Agree. Was going to wait a few days before calling it but company-wide withdrawals have been disabled (that and today has already been pretty busy).
Obvious collapse is obvious. New article up soon.
Fred said he’d come back in a year to gloat. Fred got fucked, doubt he’ll come back (he has comment email notifications on so he’ll see this).
I would like to know about the SCF in Ave.ai. It’s trading at USD66 currently. How to fake that? Let me know. Tq.
Wash trading is the typical method. Easy to do with Ponzi coins because there’s no organic trading volume.