Top BitConnect investor instructs circumvention of Texas cease & desist
In addition to everyone in the MLM cryptocurrency niche being crypto experts these days, turns out they’re all legal experts too.
Trevon James operates a YouTube channel boasting 129,000 subscribers.
Within hours of news of the Texas Securities Board emergency cease and desist to BitConnect going live, James uploaded a video to his channel titled “Texas BitConnect Cease and Desist”.
In the video James falsely asserts that some US states do not require registration of securities.
[0:40] Look, states have rules. Certain states have certain rules.
Hey, you know weed is legal in Colorado, but if I walk outside here and light up a blunt, I’m going to jail.
Okay? So different states have different laws.
Whether James is aware that the offering of unregistered securities is a violation of US federal law, as per the Securities and Exchange Act, is unclear.
If so, James doesn’t seem to care, as he then goes on to instruct Texas BitConnect affiliates in circumventing the Securities Board cease and desist.
[0:57] If you’re in Texas and you got a BitConnect account, you need to download a VPN. Alright?
[1:18] Load you a VPN, they all are good, and keep using BitConnect.
Don’t let Texas, don’t let them government shut you down.
Governments are pussies bro. They haters, they mad ‘cus we making money.
[1:37] Uhm, that’s pretty much all I gotta say about that man. It’s nothing.
Later in the video James admits he hasn’t read the cease and desist notice.
[3:28] You can read it, I’m not gunna read all this… I’m not gunna waste my time reading this man.
Texas is… you guys are idiots.
Trevon James claims to have “started” in BitConnect with $110.
As of two weeks ago James’ BitConnect backoffice shows an invested balance of $560,080.
How much James has personally stolen through BitConnect is unclear.
Promotion of unregistered securities in the US and incitement of US residents to commit federal crimes, potentially puts James directly in the crosshairs of US regulators and law enforcement.
Whether YouTube condones one of its content creators instructing US residents on how to circumvent state issued cease and desists is also unclear. We’ve reached out to the company for comment.
As MLM cryptocurrency has exploded over the past six months, so too have YouTube personalities pitching scam after scam on the video platform.
To date I’m not aware of YouTube taking any action against scammers using the platform to promote Ponzi schemes.
Being a US company and all, you’d think YouTube would be a little more diligent in policing channels dedicated to promoting Ponzi fraud.
Stay tuned…
Update 11th January 2018 – As of the time of this update, attempts to access the video referenced in this article is returning a “This video is unavailable” error message.
Whether Trevon James deleted the video or YouTube removed it is unclear.
Maybe 2018 will be a year of taking out the garbage. There needs to be a good cleaning out of these slimy scam parasites, piggybacking on bitcoin and the general populations lack of knowledge about it.
Trevon James is located in Greensboro, NC, isn’t he?
There’s a money transmitter law in North Carolina that might work in sync with the Texas action to take him down, if he is.
I notice this cross between a redneck, a hippy and Bob Marley (from the language used in his response) has not shown the Total Capital Released figures on his account 😛
Like I always say. Money in an affiliate program is just numbers on your screen until you can actually use it.
Also for those with a modicum of html knowledge you know how easy it is to change a figure using the inspect tool on your browser 😉
Food for thought.
totally right.
but the first charge against trevon james should be stupidity:
1] count one – sheer stupidity
lol.
It appears James is racking it up and is not getting off that speeding train wreck about to happen.
He’s about to ride it ’til the wheels fall off and it hits that oncoming wall and explodes.
More news at 11.
you guys need to check this out (spam removed).
These are the other 2 top promoters of bitconnect currently situated in Miami Fl. Avalos and Grant are clogging youtube with their bitconect advertisements.
Grant now has over 10 000 affiliates. Both are accused of being involved in the African romance scam.
You should check out video made January 4, by the ‘esteemed’ Dr Murphy (infamous Bitconnect mouthpiece) downplaying the Texas C&D.
In the video put out under his channel ‘Bitconnect’ and titled “Bitconnect Limited – Texas Cease & Desist Letter” starting at 3:40, he speakers of reaching out to a (lawyer) “friend of mine, his name is Makari Kashima” who is a division chief at the Bank of Japan.
The Dr goes on to give Makari Kashima’s impressive resume and states that he hasn’t seen Makari in years until recently when “I saw him in the Blockchain Summit in London” where Kashima was giving a talk.
Further the Dr says “this guy knows his stuff,” “whatever he says I take as gospel.”
If you research this “friend” of Dr Murphy named Makari Kashima, who works as Chief of Financial Infrastructure at the BOJ, you’ll come across an article in the Japan Times …the “friend” that Doc Murphy referred to using the masculine pronoun “HE”over 20 Times in the video…is actually a SHE.
japantimes.co.jp/news/2017/10/04/business/cracks-appearing-bojs-glass-ceiling-women-take-lead-roles-japans-central-bank/#.WlHqZFNMGhA
Kind of strange… maybe it’s a Kaitlyn Jenner type of thing—not that there’s anything wrong with that.
I know I always turn to Japanese lawyers when it comes to US securities law.
Lol how do they sleep at night?
Article updated with news of Trevon James’ Texas BitConnect video removal.
Just because the BS SEC holds Bitconnect as dealing in securities is not proof of a ponzi. Only a real idiot thinks so. An intelligent and educated person requires real proof. A lot of People are stupid.
So how much have you invested into BitConnect without proof of their trading bot existing?
Thanks in advance for confirming, in your own words, that you are both stupid and a “real idiot”.