USI affiliate wallets disappear, withdrawals delayed up to 5 days
When USI-Tech canned its biggest investor market around two weeks ago, it should have been obvious they were running on borrowed time.
Despite the keeping up of appearances and reassurances by USI-Tech investors outside of the US (coughcough “Global Leader” Sharon James), it appears USI-Tech has been inundated with withdrawal requests.
Trotting out the old “we’re too big for legitimate payment processors” routine, USI-Tech has announced withdrawal delays.
In a backoffice message, USI-Tech claimed
With the rapid growth of USI-Tech, the daily number of deposits and withdrawals has also increased dramatically.
Due to the gigantic number of transactions, it was no longer possible to process payments via a regular wallet-provider.
If we’ve learnt anything from the BitConnect collapse, it’s that US investigations into Ponzi schemes result in the complete opposite of what USI-Tech are claiming.
Withdrawals increase dramatically, sure. But deposits? Riiiiiiiiiiiiiight.
Secretive as always, USI-Tech claim to have developed their own “wallet solution”.
The system was recently put into operation, and all deposits and withdrawals and now processed using our solution.
Consequently, the new operating process and the associated in-house time expenditure has resulted in a current backlog of payouts of up to 5 business days.
So um, just so we’re clear… USI-Tech cans its top source of investors, claims the level of transactions within the business has grown.
But don’t worry, they’ve developed some secret wallet solution and everyone will still get paid.
Well, alrighty then.
In related news two days ago USI-Tech investors woke up to the news that their backoffice wallet has disappeared, including pending withdrawal requests.
Doesn’t seem to bother Sharon James though.
Yesterday James kicked off a one-hour USI-Tech livestream by declaring she was “very excited” about getting “back to business”.
Never a dull moment…
Bonus Content (episode 7):
The Ponzi Show – Ep 8 – Different Scams: m.youtube.com/watch?v=bC8ICkkP5Pk
The Ethereum Account has been cleaned out 3 times now. Oddly it now shows no coins and no sign of active mining??? Maybe its a glitch but its odd. No new coins in 2 days.
Correction. They no longer have an account. Out of the mining game it seems.
Love that Episode 7 video there….
Especially liked the English language lesson with the Indian guy attempting to read the TechCoin presentation.
USI missing from mining- I thought Evan Ahearn put in Millions into there USI Mining POOL?
Love the site tks again
That is hilarious!
USITech missing from mining. o_O
But come on, it’s not as if USI would have implied their business is somehow related to mining-
Wait, shit. XD
Their in house solution will work fine, its just that their definition of working is when they keep all the money and no withdrawals are honored.
USITech are not missing but you can click on Others and you will find the name there … Today’s mining 1014.
something they have been mining … Any how who can get us the real connection between USITech and USI-Tech … and Do anyone really went to Iceland to validate the Mining Company to check who is behind USITech or anything?
The Iceland footage was Genesis Mining IIRC and they denied having anything to do with USI-Tech.
USI Tech website DOWN!
This is the end for those pricks! They are still trying to keep up appearances though, I see.
They are not on eitherchain.org anymore.
General consensus is it was just a rented Chinese farm.
One or two months to give investors something to post on Facebook, then the US cease and desists happened and here we are.
No point keeping up appearances when the writing is on the wall.
Sharon James has started deleting evidence.
Two videos of hers linked to in this article have been taken down in the last few days. She’s deleted every USI-Tech video from her channel.