PLCUX launched as Alex Reinhardt’s PLCU Ponzi collapses
Alex Reinhardt’s PLC Ultima Ponzi is collapsing, prompting him to launch PLCUX.
PLCUX marks the third Ponzi reboot from Reinhardt.
Reinhardt’s PLCUX investment scheme revolves around downloading an “Ultima Farm” app.
-Create a Farm Wallet and send coins to it;
-Enter into a smart contract;
-Coins will be minted to your farm every month in equal amounts!
The PLCUX website domain (“plcux.com”), was privately registered on June 20th, 2022.
Ownership and executive information isn’t provided on PLCUX’s website. In fact Alex Reinhardt goes so far as to pretend he’d not running the Ponzi scheme.
PLCUX is a registered trademark of PLATINEX Limited Liability Company. Its use does not imply any affiliation with or endorsement by it.
Platinex is a Georgia shell company Reinhardt runs his various crypto Ponzi schemes through.
On its website, PLCUX describes itself as
a continuous profit solution for you, based on smart contract technology, which ensures uniform and stable minting every month!
Investment into the PLCUX app sees funds tied up for 12 months.
This time around Reinhardt isn’t allowing investors to see the fraud out in the open. PLCUX is a token attached to a smart-contract
Details aren’t provided on PLCUX’s website. If you could see what’s invested in the PLCUX smart-contract though, it’d closely follow the PLCU chart above.
Gullible investors sign up and invest, and then Reinhardt and friends steal their money.
There’s no indication there’s an MLM component to PLCUX on its website. If there is one, it’s not being openly promoted.
One last thing I want to note is PLCU Pro tokens, which I spotted in the PLCUX whitepaper.
Today, the PLC Ultima ecosystem includes the PLCU and PLCUX coins (and) PLCU PRO tokens.
I hadn’t heard of PLCU Pro tokens so I went and looked it up. Turns out PLCU Pro is a BEP-20 shit token Reinhardt launched in April 2022.
Whatever PLCU Pro tokens were used for, the scheme has already collapsed.
Reinhardt began MLM crypto Ponzi scamming as an investor in SwissCoin.
When that collapsed he got into running Ponzi scams himself, first with PlatinCoin in 2017.
PlatinCoin collapsed in late 2019. Reinhardt eventually rebooted as PlatinWorld in mid 2021.
PlatinWorld saw platincoin abandoned in favor of PlatinCoin Ultima (PLCU).
PLCU has an artificial public trading value. Propped up by a wash trading bot, PLCU reached a hilarious high of $113,579 on April 5th 2022.
PLCU started collapsing shortly after (Reinhardt and early investors began cashing out), seeing PLCU dump to its current still inflated value of $2266.
Reinhardt, believed to be a German national, fled to Dubai in 2021. He is joined by fellow German national and top SwissCoin, PlatinCoin and PlatinWorld net-winner, Elias Pape.
Dubai is the MLM crime capital of the world. Through a lack of extradition treaties and failure to regulate securities fraud, Dubai provides a safe-haven for scammers from around the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
Update 30th November 2022 – Platin World has disabled PLCU withdrawals.