EvoRich investors being funneled into Bobcoin exit-scam
Within days of founder Andrey Khovratov’s arrest in Russia last month, EvoRich announced a partnership with Bobcoin.
Now EvoRich affiliate investors are being ushered into Bobcoin, which for all intents and purposes has morphed into a exit-scam offramp.
Bobcoin is built around Bob Eco Ltd
with the goal of inventing an electric motorcycle that was powerful, beautiful, and with zero emissions.
What does that have to do with cryptocurrency?
Nothing. It was just an an excuse to launch a shitcoin last year and profit. And so we have bobcoin (BOBC).
After insiders were preloaded in over the past year, BOBC began publicly trading in March 2022.
BOBC followed the typical shitcoin public pump and dump trajectory…
…until Khovratov’s arrest and the transition over from EvoRich. Now BOBC is being propped up by desperate EvoRich investors.
You can see early BOBC investors cashing out multiple times in the chart above after April 3rd.
Bobcoin and Bob Eco Ltd are run by Bob Ultree.
Ultree is based out of Dubai, the MLM scam capital of the world. Bobcoin Eco Ltd is represented to be a Hong Kong shell company.
Seeing as Khovratov was apprehended at an airport, he likely knew of his pending arrest. Or at the very least knew he and EvoRich were under investigation.
To that end plans to integrate Bobcoin into the EvoRich Ponzi scheme began mid March, or at least that’s the official timeline being pushed out.
As per a March 26th Bobcoin “announcement”;
Dear Evorich Member,
We, at the request of Mr Andrej Khovratov, have the honour to bring you the good news he announced last Saturday, 19 March 2022, during the closed meeting;
In March 2021, Mr Khovratov privately invested in Bob Eco by purchasing BOBC Tokens. He bought one million tokens for $0.30 per Token.
This suggests Bobcoin insider token preloading began well before the early 2022 public launch. It’s worth noting Bobcoin’s public website domain (“bobcoin.eco”), was only registered on January 26th, 2022.
Charity Socks BV is listed as the owner, through an incomplete address in the Netherlands.
Charity Socks BV appears to be some failed charity initiative, presumably run by Bob Ultee.
Charity Socks’ website has been abandoned. The last post on the company’s official FaceBook page is dated February 2021, around the time bobcoin was purportedly created.
Today Charity Socks BV appears to be nothing more than a Dutch shell company.
To what extent funds invested in bobcoin might be laundered through Charity Socks BV is unclear.
As expected, the development of the Bob project went very well and even beyond everyone’s expectations. The value of Bobcoin Token rose to almost $ 11.00 within a brief period of time.
Must have been extraordinarily brief, CoinMarketCap’s ATH for BOBC is $3.89.
Mr Khovratov requested the management of Bob Eco and the STO-CAP if he would be able to divide his investment (Bobcoins) over his members by putting his personal investment into the WCRU Global Investment Portfolio.
Since the coins are his, he is free to do this. We would be happy to welcome all Evorich members as customers/members/investors on the STO-CAP!
All Evorich members will receive an e-mail from the STO-CAP with their login and password in the coming weeks. After login in, you will get your Bobcoins in your wallet.
WCRU, EvoRich’s worthless Ponzi points, are being converted to BOBC at a 2550:1 exchange rate.
During the first months and the release year, all Bobcoins on the STO-CAP are subjected to a defrosting schedule to prevent dumping on exchanges.
STO-CAP is what Bobcoin calls its inhouse crypto wallets. It essentially functions as the company’s backoffice.
Unfortunately for EvoRich investors moving over to Bobcoin, they’ll have to sit idle and watch insiders cash out.
If recruitment of new gullible investors doesn’t keep up, they’ll then be left bagholding another worthless token.
Zooming out, Bobcoin is effectively EvoRich and Khovratov’s exit-scam.
Khovratov has been ordered detained until May 10th. It’s unclear what happens after that.
Either Russian authorities will make an example of him, or palms will be greased and he’ll turn up in Dubai or some other crime haven at some point.
Russian sanctions currently in place might delay any plans considerably.
Meanwhile over in the Netherlands, local media are asking uncomfortable questions.
According to Bob Eco’s website, 3271 mopeds and motorcycles have actually been delivered, a number that has not been changed since the end of November.
Another 81,000 units are said to be in the pipeline. According to Ultee, this requires careful planning, because the mopeds and motorcycles are driven within three months of production at the latest, otherwise the battery will be broken.
He would also have to deal with customs clearance problems, because there is no good code available at customs in Africa.
That would explain why the number of mopeds on the road has not increased since November.
Quote goes onto point out bobcoin’s unreported marketcap, which Ultee explained away “as a result of ‘the algorithms'”. This of course makes no sense.
Quote’s previous coverage of bobcoin saw Ultee take them to court.
On 2 points he found the judge on his side. The judge ruled that we had wrongly suggested in the article in question that Ultee had had no or hardly any mopeds produced.
We also concluded too quickly that United Nations subsidiary Unitar has never heard of Ultee or his organization.
Although we have lodged an appeal against this judgment, you will find a correction in our April issue.
We were, however, in the right on other points. For example, the court does not consider it unlawful that we made the comparison with OneCoin, where investors saw their money evaporate and were left disappointed.
OneCoin of course needs no introduction. And certainly bobcoin tying itself to a Russian Ponzi scheme strengthens ties to suspected fraud.
Remember, Bobcoin claims Khovratov was an early investor who got in March 2021 – a year before anything was made public.
What the bobcoin transition means for EvoRich as a company going forward is unclear. WCRU is dead…
…with Bob Ultee and Bobcoin being positioned as new custodians of the EvoRich investor base.
For Bobcoin, the journey has just begun. We introduced the coin 2-3 weeks ago on several exchanges, and in the following weeks, more exchanges will be added.
Bobcoin is currently publicly trading between $1.50 and $2.00. Before summer, the price is expected to move to $10-20 and the end of the year to $50.00.
As far as I can tell there’s no MLM structure attached to Bobcoin, at least not directly.
This means our coverage will likely end here – pending further details of Khovratov’s criminal case in Russia.
If Khovratov makes it out of Russia there are two immediate possibilities:
- Khovratov will be reintegrated into Bobcoin and resume running the show; or
- Khovratov will disappear to enjoy what he’s stolen through Skyway and EvoRich over the years.
Language barriers are significant here but I’ll try to track what happens.
Update 6th May 2022 – The missing piece to this article was Bob Ultree’s connection to EvoRich.
The press-release very much suggests Andrey Khovratov got involved in Bobcoin. In fact it was the other way around.
A reader sent in a Bobcoin video in which Ultee admits he’s an EvoRich affiliate investor:
[22:06] So I met Andrey for the first time in Moscow, uh in Dubai. My other house.
So at that moment I was meeting Andrey, also with EvoRich I have a responsibility and there’s also a charity piece in EvoRich, because I was already myself participating in EvoRich. And with that investment, he (Khovratov) was listening to me.
Ultee goes on to disclose he shared his Bobcoin idea with Khovratov but was knocked back.
Ultee claims Khovratov told him
It might be too fast, it might be too young. Because what you’re doing might not be the road that we’re taking.
What we can confirm from this is with Bobcoin, we have a confirmed Ponzi investor spinning off their own shitcoin scheme.
Interestingly, Ultee also claims he loaded lawyers with bobcoin early on to secure legal opinions regarding the company.
[24:10] So we took a very long time to find a good jurisdiction.
For crypto we found a good jurisdiction in Hong Kong. Uh, where crypto is very welcome and possibilities are there.
Where is it not possible? Where it is the most difficult is the SEC in the US, which is one of the most hard authorities. So we don’t start there.
I agree with Ultee. Committing securities fraud from Dubai through a Hong Kong shell company is definitely easier to commit securities fraud than from within the US.
The issue of course is not from where EvoRich, Bobcoin and Ultee commit securities from, it’s that they’re committing it at all.
Update 16th January 2023 – The cited video in which Bob Ultee admits to being an EvoRich investor has been marked private.
This article originally contained a link to said video. Due to it being marked private, I’ve now disabled the previously accessible link.
Meanwhile Khovratov’s other financial company Globalunitpay facing the first clouds on the horizon of sanctions.
That’s not the end of Globalunitpay but it makes the handling of illegal money a little bit more uncompfortable.
Meanwhile in Australia Sharon Fairfull and Shane Boese are scamming Evorich members to raise money. Shane Boese is does illegal trading for Evorich members and charges them for his services. He is not licensed and is operating illegally. There is no transparency.
Here is a copy of the post:
This is a new low. Khovratov was arrested for fraud. Period.
Had nothing to do with Russian sanctions or the war in Ukraine.
Uh, $400k for the guy who claims he runs a $14 billion company?
No silly. They need $400K to put in their pockets.
I read the entire article you have written and find it baseless.Let me ask you a few simple questions
If cryptounit program was a scam then why should they build a blockchain of their own and a crypto exchange?
Why should they start their own payment system and a number of connected businesses?
If you give me a satisfactory answer to my questions then I will acknowledge if this is a scam.
They had already collected enough money for them to run away easily but they didn’t.
They are all still here and working. Better learn before you make baseless allegations.
1. because money.
2. building a blockchain and crypto exchange doesn’t negate securities fraud and EvoRich being a Ponzi scheme.
1. because money.
2. starting a payment system and associated shell companies doesn’t negate securities fraud and EvoRich being a Ponzi scheme.
You acknowledging you’ve been scammed has no bearing on EvoRich being a scam. Also nobody cares.
Here’s a novel idea, instead of making excuses for scammers, how about with the next one you come up with you explain how that changes EvoRich committing securities fraud because it’s a Ponzi scheme?
Maybe then we can avoid the whataboutisms.
Yeah bit hard to run away when you’ve already been arrested for fraud.
Who’s working? Khovratov’s in prison and WCRU is over. Unless Khovratov is released and escapes to Dubai or another hidey-hole, EvoRich is done.
Sorry for your loss.
So, Khovratov forces the crowd to change from CRU shitcoin to WCRU shitcoin and now next change to BOBC shitcoin.
Fortunately Khovratov also run the UnitEx exchange an now:
Let’s see how Khovratovs own exchange is able to manipulate the BOBC.
From my standpoint, it is a Pyramide on top of a Pyramide on top of a Pyramide ……………….
Bob Ultee says “We build our own factory in China which you can see on the socials.We build tuktuks, tricicles…”
I see the same model and colours for sale on AliExpress
And that’s not a bobeco!
I dare all readers to find that own factory!
Bob Ultee can talk a lot of bullshit ( again a lawyer who is scamming the shit out of people) Bob Ultee show us that factory without using AliExpress info!
The Australian Evorich leader Sharon Fairfull is promoting Evorich to innocent Australians.
In a Tweet:
She urges support for Khovratov by signing the petition on change.org.
Countless of innocent people have invested large sums of money on promises from Fairfull that they will receive large returns.
Is change.org even accessible in Russia lol?
It is indeed. Whether it is actually helpful here though is another story.
A pretty universal story. I don’t think change.org is actually helpful anywhere.
Needs to be published immediately with a new article.
That site works but is slow. The video when it loads has some interesting footage of Khovratov’s arrest (they interview him when he’s face down after being cuffed lol).
The video is dated May 11th. Khovratov was ordered detained till May 10th, suggesting he might still be detained.
No further updates because everything is in Russian (anyone want to gist translate the video?).
Khovratov on the ground: “…ето общественнo (?) объединение… И я не понимаю, за что!”
“This is public society (company?)… And I don’t understand why!”
At a police station:
“I have 1 170 000 clients” (the rest is unintelligible for me)
The rest of the footage is usual “Hey, this was a large scale Ponzi scheme and scam and this way they operate and lure victims”.
Thanks Mr. Czech.
Strange we haven’t had any updates. EvoRich hasn’t announced anything so I’m assuming Khovratov is still being held.
I can see quite frequent activity on nolink://www.evorichecosystem.com/evorich-ecosystem-blog.html
Six new (meaningless) posts on the blog in the last week… but of course, no mention of Khovratov’s arrest.
I’d expect either “a damage control activity” (hey, nothing has happened, everything is OK!) or “a radio silence”.
There is a show about CRU in Barcelona/Spain this weekend according to some twitter accounts.
Also on twitter: twitter.com/evorichofficial/status/1526188347856519168
That was happening initially, at least unofficially. Nuked a few “fake news”, “you’re lying!” comments.
Seems to have died down now that photos are out and everyone is being funnelled into Papa Ultee’s scheme.
Bobcoin $1.18 …..-20%
Bob Ultee should be investigated by the FIOD.
This whole shenanigan lasted a lot longer than an idea-ponzy scheme does.
People here defending Andrey because they think that just because he built a blockchain and Unitex while saying that Evorich is a marketing company with a namesake registration on SEC, makes him legitimate, which is absolutely ridiculous.
Their entire ecosystem is worthless outside the Evorich environment. GPay, Unitex, and whatever other names you can think of never existed before and do not have enough historic data to back them up as a genuine and reliable company.
In one way or the other, they are all owned by the same leaders.
Of course, you need an exchange to list CRU so people can trade, mostly people who had given up sold their worthless coins to even worthless prices and some people made money off of that.
There was no way that a half-decent exchange will list a dirty token like these.
Their shitty white paper is not even worth reading. They talk about WCRU STO being backed by real assets and such but fail to provide exact data and facts to support their claims.
If you invested in Evorich like I did, forget and move on. Don’t continue to defend the jerks.
The investment was worthless, only if I knew what I know now about the industry, I wouldn’t have spent a dime with this company.
Another Shitcoin from this stable. Now they put it under the umbrella of the Evoscent parfume mlm.
Meanwhile Bobcoin and CRU trading at very low volume, probably only some bots playing ping pong.
And i forget, there is more Token shit incoming:
Change your worthless UNT into more worthless FNT. Where is the bottom line of worthless?
“⬆️FNT PRICES ARE GOING UP.”
They have to hide a lot or why the websites are now all behind the subscriber wall.
Thanks, got FNT on my list to look into tomorrow.