Mind Capital securities fraud warning issued in Spain

14 Comments on “Mind Capital securities fraud warning issued in Spain”

#1

Lynndel "Lynn" Edgington

Jan 15th, 2020 at 8:22 am  Lynndel "Lynn" Edgington(Q)

This can’t be. Simon Stepsys had gone to Madrid and met with the founder and he assured everyone this is the real deal and they needed to join immediately so you could become filthy rich like him.

Also interesting since they “officially launched” on Jan 11 and the warning was issued Jan 13. So much for having all their registrations on the website proving they were the real deal as Simon promised they would.

I know, it is a shock to learn that Simon Stepsys would lie about something like this. cough, cough.



#2

Amir

Jan 15th, 2020 at 4:35 pm  Amir(Q)

HI

In the link that you provide nothing appear i did a search in the website as well: cnmv.es/

(Ozedit: spam removed)



#3

Oz

Jan 15th, 2020 at 5:26 pm  Oz(Q)

@Amir

Thanks for letting me know. It appears CNMV’s website uses some script fuckery with a cookie.

I’ve added a link to the 2020 notices, Mind Capital is currently the only company on the list.

I’ll leave it like that because by the time that link breaks (probably next year), Mind Capital will be long gone with everyone’s money.



#4

Lynndel "Lynn" Edgington

Jan 16th, 2020 at 3:51 am  Lynndel "Lynn" Edgington(Q)

I guess Simon didn’t like my post on his FB page. He was telling everyone how he was going to make millions in Mind Capital and anyone joining him could do the same or at least in the mid-6 figure range.

I replied that that was going to be awfully hard to do considering the National Securities Market Commission said Mind Capital is committing securities fraud in Spain; and with them being headquartered in Madrid. He banned me.

I don’t know how long my post was available to read before he deleted it and banned me, but hopefully it shook things up on his FB page and made people stop and ask questions.

Would have loved to be able to see how he spun my post and the NSMC action. Guess Simon isn’t interested in the truth. LOLOL!



#5

Scambuster

Jan 16th, 2020 at 11:53 pm  Scambuster(Q)

Simon Stepsys has never cared about other people losing their money. He’s a scammer x10.



#6

CryptoNewb

Jan 17th, 2020 at 4:32 am  CryptoNewb(Q)

Spain

Spain’s Comisión Nacional de Valores (National Securities Commission) and the Banco de España (Bank of Spain) issued a joint statement regarding the use of bitcoin (Ozedit: snip, see below)



#7

Oz

Jan 17th, 2020 at 7:08 am  Oz(Q)

^^ I know this is some crypto dumbfuck copy and pasting from somewhere, but I’ll address it because it’s probably being circulated by Mind Capital scammers.

Bitcoin is not the issue here. Securities fraud is securities fraud, whether you’re investing in fiat, cryptocurrency or Simon Stepsys’ horrendous oversized shirts.

MLM + passive investment opportunity = security. No exceptions.



#8

Future

Jan 17th, 2020 at 1:32 pm  Future(Q)

Any news on this?



#9

Oz

Jan 17th, 2020 at 1:35 pm  Oz(Q)

Yep. The latest is Mind Capital is still committing securities fraud and is still illegal in Spain.



#10

Semjon

Jan 17th, 2020 at 7:27 pm  Semjon(Q)

Mind.capital has updated its website to include names and faces of some corporate people.

Rubén Arcas, who has been previously involved in MLM scams like PoolMiners(https://behindmlm.com/mlm-reviews/pool-miners-review-reboot-of-gcr-mining-pool-concept/) and Infinitum Flame(https://behindmlm.com/mlm-reviews/mize-network-review-adrian-jacuzzi-graduates-from-infinitum-flame/), is named as a Network Development Manager of MindCapital

[Looks like MindCapital has also gathered other seasoned MLM scammers from these same failed Ponzis, as you can see Adrian Jacuzzi at 0:26 timemark of this MindCapital event video:
youtube.com/watch?v=uy9NyCKjPQI]

And there is Manuel Arniz as the “Expansion Manager”. His Youtube channel suggests that he has been invlolved in various MLM scams like Dascoin and Inexx (https://behindmlm.com/mlm-reviews/inexx-networking-review-300-roi-crypto-mining-trading-ponzi/):

youtube.com/channel/UCMLCee7K2bJNZKod0PpdhWA

The channel also indicates that Manuel has been dabbling with “urinotherapy”, a bizarre pseudoscientific “therapy” in which you drink your own urine for supposed health benefits.

Think about that the next time you see his face. 😉

PS. There is a hilarious “we are not an investment” response from MindCapital to the NSMC warning:
facebook.com/media/set/?set=p.139180997562432&type=3



#11

Oz

Jan 17th, 2020 at 7:36 pm  Oz(Q)

Ah, now these seem like the actual operators of the company.

Jacuzzi was the owner of Mize Network and its reboots. Both him and Arcas have an MLM crypto Ponzi history with Infinitum Flame.

This makes much more sense then Spanish Santa Claus waking up one day and realizing he’s a crypto trading god.

Thanks for providing that update. I’ve had too much fraud for one day but I’ll get stuck into their “not securities fraud becuz crypto!” response tomorrow.



#12

Lynndel "Lynn" Edgington

Jan 18th, 2020 at 2:09 am  Lynndel "Lynn" Edgington(Q)

In the we are not a Ponzi or in violation of the Spanish Securities Laws, comes a defender of Mind Capital, who exemplifies the thought process of all the pimps of these type of Ponzi programs, rationale for being a member, and I quote:

After seeing the translation posted below and thinking about it today it is clear that Mind Capital is guilty of claim number two, a clear violation.

Let me explain, the earnings are paid out individually but they were originally earned collectively. Mind Capital might be guilty of claim number one as well. That one is less clear.

Do I care? Not a bit.

Government and licensing agencies are inept and lead to a false sense of security. Just look at the banks in the regulated banking sector, the central banks, and the national debts of governments around the world.

They are bankrupt. They are debasing currencies, and they are illiquid. The safety nets are insufficient to save them, they don’t have enough funds to make that claim but those safety nets create moral hazards allowing the banks to take on bad policies.

The public is again led into a false sense of security. I would rather be told there is risk than be falsely told there is none.

The regulating and licensing agencies have the intended consequence of protecting the public which they tell to the public, but the hidden unintended outcome is that they extort fees and taxes to raise money for their own pay checks and the second unintended consequence is they are used by licensed businesses to put up barriers of entry to other individuals and limit competition for individuals and companies in the whatever field they oversee.

My political view which may not be yours is I would rather do without them. I would instead be more likely to demand the market place prove its own worth, and safety on my own.

Now Mind Capital might be doing a fine job, and they might be profitable, and successful in what they are doing but we have to face the fact that this government regulating agency might still try to shut them down, and if this regulating agency shuts them down at any point I will blame the loss of earnings on the regulating agency.

It would be far better for Mind Capital to get out in front of this and prevent this from happening than to play word games that fail and don’t even hold up when you look at the plain language and facts.

Again those facts pertain to violations created by the agency which again are of a nature that aren’t really important to me, but can Mind Capital continue on against the power of an agency if it decides they can not operate unapproved? I doubt it.

The outcome is only more inevitable the longer they do not address this situation. Can they become approved? Can they become registered?

I’d like to know, even if I fundamentally disagree with those requirements. That is all.

so there you have it. I don’t care this is a Ponzi as long as I get mine. If it fails it is not because it was a Ponzi but the greedy regulators fault.

This is the mindset of every major Ponzi pimp. This person was just brave enough to admit it publicly instead of using the cop-out I was duped and didn’t know it was a Ponzi spiel they always trot out when it collapses or is shut down.



#13

Anon

Jan 18th, 2020 at 5:56 am  Anon(Q)

MLM – Don’t forget Adrians latest scam… Blue Hill Foundation/Mining. This company was recently renamed to Swiss-Asian Resources.

The FINMA have already issued a warning against Blue Hill Mining.

Scam:

bitcointalk.org/index.php?topic=5214192.0

bitcointalk.org/index.php?topic=5145356.900

bitcointalk.org/index.php?topic=5152373.0



#14

Oz

Jan 18th, 2020 at 6:33 am  Oz(Q)

@Lynn

That’s a great example of anti-governmentalism I went over yesterday with BitConnect, which in reality is just anti-regulation.

For no other reason of course than “I should be able to scam who I want without legal repercussions”.

These people are comically deluded, which makes it all the more delicious when their scams collapse. If we’re lucky we might get a meltdown out of it to boot.