Power Mining Pool collapses after securities fraud cease & desist
On March 6th the Power Mining Pool Ponzi scheme was issued a securities fraud cease and desist by North Carolina.
On March 7th the Power Mining Pool website went down.
Here’s the explanation given to Power Mining Pool investors at the time;
We are updating our server to a much faster and powerful server and is taking longer than we expected, so please be patient with us. Thanks.
Nine days later and the Power Mining Pool website is still down.
A visit to the Power Mining Pool website today shows the domain has been disconnected from the company’s hosting.
The Power Mining Pool domain is currently “parked” with the registrar provider, NameSilo.
With the Power Mining Pool website going down the day after the cease and desist was made public, naturally investors began sounding the alarm.
Here’s what Power Mining Pool fed their investors while the admins quietly disappeared with their money;
March 8th – Please, we are not running away. Things are just getting out of control here and we are working on them.
Hopefully, by next week, we will be back and update you all on what was going on.
We are really sorry for the inconvenience. Thanks.
March 8th #2 – We will be updating you guys soon. Thanks for your patience and be positive about us.
We really appreciate it and we will be back soon with updates on what was going on.
March 8th #3 – We are coming back and No, you haven’t lost your money.
Hopefully next week the site will be back online.
That was the last known communication by Power Mining Pool to the company’s investors.
No explanation as to why things got “out of control” or how was ever provided. Messages left by desperate investors wondering where their money went, most of whom are believed to be in the US, have gone unanswered.
Given the timing of the Power Mining Pool website going down, by now even to the most ardent of Ponzi supporters it should be obvious as to why.
#RIP
We lost our investments.
Aron Parker and the other admins have moved everyone into New Tycoon Plus.
Rumor has it that the same people running tycoon plus are the same people behind power mining pool. Making commissions again before the collapse repeat happens.
How about not joining any of these bullcrap schemes? Just forget them. Don’t look for them. Don’t pass on the scam to anyone else.
If anyone sends it to you reply back and tell them it’s a ponzi scam and leave it at that. Don’t waste time debating it with idiots. Good idea?
It was North Carolina (not Texas) that issued the Power Mining Pool C+D.
sosnc.gov/vs2010/Soskb.Web.Content/media/1599/2018-03-02-power-mining-pool-cease-and-desist.pdf
Thanks for catching that.
Keeping up with which state has issued who with a C&D is doing my head in. SEC please!
I lost my investment on powerminingpool Ponzi scheme.
I think Aron parker and admin should be arrested by the FBI. He is also promoting another scam “NEW TYCOON PLUS”.
Burn them all.
It unfortunately these people will keep on reaping people hard earned money all over the world.
Hi Guys,
Well from my point of view is that I will not rest until funds are returned and my first email has gone off to this new company – New Tycoon Plus.
These people will not get away with just taking funds from people.
Man on a mission,
Mike