MasBitcoin CEO’s bodyguards gunned down in Mexico
Disturbing footage has emerged of MasBitcoin CEO Jorge Sanchez in what appears to be a bulletproof vest.
Visibly shaken and covered in blood, Sanchez reveals two of his bodyguards are dead and vows revenge.
MasBitcoin emerged in mid 2017 and operated as your typical MLM cryptocurrency scam.
MasBitcoin affiliates invested bitcoin on the promise of a 5% daily ROI for 40 days (200%).
Pyramid referral commissions were also paid directly and residually through binary and matrix teams.
New investor funds appear to have slowed down in early 2018, prompting MasBitcoin to collapse.
Sometime in February, possibly early March, MasBitcoin informed investors it was shutting down.
Dear users
We are writing to you to inform you of the closure of our company, this process which starts from 21 of March, 2018, so the accumulation of the passive yield is stopped as of this day.
Citing “embezzlement” as the reason for MasBitcoin’s collapse, the company promised to return invested funds to those who took a loss.
Not surprisingly that doesn’t seem to have taken place, with the collapse and losses not going down well with MasBitcoin’s primarily Mexican investor-base.
According to a video that surfaced about a week ago, on May 6th MasBitcoin CEO, Jorge Sanchez, was travelling through Cerritos San Luis Potosi.
At around midnight, his convoy was intercepted by gunman. In a shootout two of Sanchez’s personal bodyguards were killed.
Esto es lo que ocurren cuando Estafas, que te matan. Aquí Jorge Sanchez el CEO de MasBitcoin. No se debe jugar con el dinero de la gente.
Posted by EvitarFraudes on Tuesday, 8 May 2018
I don’t have a full transcript of the video but a source tells me Sanchez has vowed revenge – which suggests he might know who was behind the ambush.
Local news reports place Sanchez’s bodyguards in a separate vehicle. One of the men is believed to have worked for a private security company.
Sanchez fled the scene in his BMW but was stopped nearby after police noticed his car was riddled with bullet holes.
Sanchez’s car has been seized as evidence in what authorities are investigating as a double homicide.
How much Sanchez stole from MasBitcoin investors is unclear.
Mexicans have the right idea on how to resolve the issues of being stolen from.
Shame we don’t have the same kind of action in the west because if there was we would likely see a lot less scams.
It’s like the west promotes corruption over honesty these days and the punishment very rarely fits the crime which is why the internet is rife with online scams.
Even the financial market is seething with corruption because the fine on banks is 10 cents in every dollar stolen making it a very profitable exercise.
Change the rules of the game and you will have far fewer people wanting to play it.
@Jay Carey: The right idea is to murder a couple of bodyguards who could easily have had no idea that their employer was a scammer?
Thats not the right story. One of the bodyguards was my Friend.
The Passenger, His Name Was Patrick Marquez. He was a Dreamer Who was Deported To Mexico and got a job as a Bodyguard. It Happened In Cerritos San Luis Potosi Mexico. Not Mexico City.
Jorge Sanchez Ordered Them To Burn A couple Vehicles in retaliation from a dispute over a women.
Later that Night The Cartel Showed Up in Town angry that Jorge Sanchez And His Bodyguards were stirring up the town and disrupting business.
A car Chase Ensued Involving Jorge Sanchez Red BMW and Patrick “OSO” Marquez and another Bodyguard In a White Honda Odyssey and With GunMen Chasing Both Vehicles in another Unidentified Vehicle.
Jorge Sanchez wounded in one Arm Was Able To Pull Into His Fathers House as The Gunmen Continued To Chase The Two bodyguards in the Honda Odyssey Coming to a stop a couple miles down the road and Executing the two with over 60 rounds from AK 47.
They Left a Narco message Saying “The Plaza Already Has An Owner” Signed, CDN Which Means Cartel Del Noreste Or Northeast Cartel.
Jorge Sanchez Is Known For Taking peoples money through the bitcoin ponzi scheme.
Most People who know him or of him have nothing positive to say. My Friend Died Protecting a Piece of shit.
^^ Thanks for the additional information.
I was going by the news reports and looked up “Venustiano Carranza”, which appears to be in Mexico City?
yeah right one of the Freinds Bodyguards is actually commenting on Behindmlm. Not buying that story for a second…
@ Jason McRiffle I was Raised Half my life in the town it happened at. Vensutiano Carranza is a street in Cerritos San Luis Potosi where the incident occurred.
I happened to stumble on this site looking for more information on this MasBitcoin CEO Jorge Sanchez.
I keep having to correct several News sites on the actual Information. There was one that said a retired general was the target and the bodyguards were ex military which was also wrong.
Just trying to clear things up a bit. you can research all of this information I have no reason to lie.
@Jason: Stranger things have happened. There’s no attempt to deny Sanchez’ criminality and no obvious reason to make the story up.
I find the idea of Sanchez pissing off a drugs cartel more plausible than your theory of his being shot at by disappointed Masbitcoin wannabe-scammers. Losers in Ponzi schemes tend to make a lot of noise but they don’t actually go as far as hiring some assassins with AK-47s to gun the winners down. They write off their losses and get on with their lives.
When that South African scam collapsed a month or so ago, I remember the BehindMLM thread being particularly rancorous with lots of rubbish about how they were going to hire assassins and Hells Angels and blah blah. Of course none of them ever did it. When you lose a few thousand quid in a scam you don’t follow it up by throwing your whole life away as well by getting yourself a life sentence.
By contrast, drive-bys with AK-47s are second nature to Mexican drugs cartels. So when a Mexican criminal is shot, it is far more likely to be a drugs cartel than a disappointed loser in their Ponzi scheme.
(That said, “member of a Mexican drugs cartel” and “loser in Ponzi scheme” are not mutually exclusive categories.)
Hey you work to protect scum you deserve everything you get. Funny how the worst people use that excuse to justify their actions. “Just doing my job”.
It’s the reason the world is so screwed up because evil is protected by ignorance so there will never really be justice until the good wakes up and sees the things they are protecting in their true light.
Believe me when i say normally i would not support such resolutions but the alternative is convincing someone a ponzi is a ponzi even if it is paying them and if you’ve ever done that you’ll know how hard it is.
People just don’t listen until they are affected by it.
@J_Lucius Thanks for the clarification, I’ve corrected the location.
Terrific. And I suppose if Sanchez had been attacked in a bar and a random waitress had been hit instead, she would have deserved everything she got for serving food to scum.
Or if he’d been taking a taxi and they’d hit the taxi driver, he’d’ve deserved everything he got for giving a lift to scum.
Or are there only specific jobs where you deserve to be shot for providing a service to someone who, unknown to you, was a Ponzi scammer? Could we have the full list?
A link between financial scams and organised crime, surely not….?
To be on the safe side, shoot everyone.
Similar think happened with the owner of the Mexican version of Herbalife (Omnilife) – I think he cleared things up thru violence.