USI-Tech confirm BTC Package 2.0 Ponzi scheme
Despite it being pretty obvious USI-Tech has operated as a Ponzi scheme since BTC Packages were released last year, the company maintains it isn’t.
Amid an ongoing ROI revenue crisis that has seen daily ROI rates plummet, someone at USI-Tech has inadvertently confirmed it’s a scam.
In an update sent out to USI-Tech affiliates sometime over the last 24 hours, the company has revealed its “repayment plan for BTC Pack 1.0”.
As per the official company announcement;
The income from the direct sale of a BTC 2.0 Package sales is split as follows:
– 35% to commissions for the referring upline
– 15% for company expenses
– 50% for repayment of: (obligations at 24th Feb, 2018)
Remaining 1.0 packages, Outstanding commissions (and) Prior wallet balances
As above, USI-Tech have officially confirmed they are literally using newly invested funds to pay off existing investors.
For those of you who are mathematically inclined, you’ll no doubt have observed that 35% + 15% + 50% = 100%. USI-Tech affiliates are supposed to be investing in mining, so where is that money coming from?
The answer, I believe, lies in what’s left of previously invested funds.
When US regulators began to crack down on USI-Tech, the company abandoned the US. In doing so, USI-Tech lost its primary source of ROI revenue.
Knowing that only dug them deeper into a never-ending spiral of Ponzi ROI liability, USI-Tech cancelled all previously owed returns.
The invested funds the company had left appear to have been dumped into cryptocurrency mining, which will be used to pay BTC Pack 2.0 investors.
Or at least that’s what USI-Tech represent in their announcement.
With lies upon lies from company management piling up, who knows.
What we do know is that if USI-Tech had been generating ROI revenue, as represented by Ralph Gold back in June, 2017, the company would have had no problem registering with the SEC and proving it.
Instead, here we are…
The above plan was the only option given the losses we faced to enable the business to move forward, and for us to be able to achieve the intention of 100% BTC repayment.
Of those USI-Tech affiliates that are still getting paid, daily payments appear to be in the ballpark of a few dollars.
One USI-Tech affiliate from Australia lamented, “They claim they’re paying me back $3.18 a day for 26 years”.
Sounds like not too many people are falling for the same BTC Package 2.0 scam second time around.
If they can’t afford to payout 1.0 packs at 140% how can they afford to payout the new 2.0 packs at 140%?
Simple answer ???
They can’t and, neither do they intend to.
It’s a ponzi / pyramid fraud, designed to make money for the fraudsters, not the member / victims
Believe it or not people are on youtube saying they hope this works out for them.
With the familiar line “Think positive” we can’t have negativity around us.
I was like these are the people that need to lose all that can and often as possible.
There is no other way for them to learn from these schemes.
Don Le prayed to Jesus for the people Don scammed into buying BTC packs and Tech token packs.
Jesus said, ‘“Lookie here Don, I can turn water into wine and I can raise people from the dead…but this USI TECH thing is a lost cause dude…those people are screwed. See ya in church on Sunday though. ”
So this is that “transparency” they promised eh?
We need to get the upline to return all the money or report them to the authorities.
Tak Mano/ Sharon/ Harshan-Vincent/sharon james, John Smith, Tak Mano, james lockett, frank calabro JR to name a few.
And not or.
Otherwise they’ll be back with a new golden opportunity before you can say tech coin.
Yep. It’s a complete scam.
I only invested £50 to test the water. With my commission for referring and packs I’ve bought…. I was getting around £5.90 a day (after the value of bitcoin dropped) and now after they played their hand and confirmed the scam I’m getting (wait for it)…. 6.4p per day for 23 years.
Version 2.0 is for the super stupid.
Everyone, regardless of whether they are willing to admit it or not, knew that USI Tech was a scam when they joined.
I completely understand that the lure of easy money can be quite powerful and that in many cases it over-rode common sense.
Now, those of you who are holding onto hope about ever seeing your money back, well, you are just lying to yourselves again. You will never see any meaningful return on your investment.
Face reality and accept the fact that it is gone. Next time, be a little more concerned about sustainability and profit over time, than a quick windfall. (Ozedit: recruitment spam removed)
You know “everyone” well enough to pass judgement on what they knew or didn’t know ???
How’s the weather up there in your ivory tower ???
here’s a short recording of mike keifer on soundcloud from 2 days ago, saying he and his family got death threats.
mike keifer used to introduce himself as a co-founder of usi tech version 1.
now he says he’s not corporate and just a networker like everyone else and is even complaining about the way usi tech didn’t communicate properly with it’s investors.
besides, he’s such a nice guy he gave back all his earnings from BTC 1.0 to usi tech so that they can run BTC 2.0 smoothly.
the subliminal message here is that all you guys weeping about your money stuck in BTC 1.0 should be like keifer and give it up and just move on to BTC 2.0.
new beginnings and all that!
I’m happy to contribute to any fund that engages the Hells Angels to pay Kiefer, Horscshit and Bullshit Gold a visit.
It’s not necessary to know everyone, you just need to know the rate of return USI Tech promised, and the rate of return that can be expected from legitimate investments, which everyone who walks down the high street past the posters in the bank’s front window knows.
Everyone who is not an illiterate subsistence farming peasant knows that a scheme promising returns of 96% per annum, when cash accounts yield 1% per annum and diversified stockmarket investments project 5% per annum, is a scam. By everyone, I mean everyone.
Now USI Tech have issued an update claiming Tech Coin is unrelated to USI. Hahahahahahaha!
Yeah saw that.
Hire random dev team in India and then pretend they’re running the company? lulz.
It’s a direct replay of what Banners Brokers did many years ago, almost to the letter.
Its actually much simpler than that. A lot of people don’t know what “per annum” is or what the going rates are on cash accounts and other “sound” investments, but they do know that USI-Tech promised to DOUBLE their money in 120 days. That’s what originally jumped out at me as a scam.
I knew they could do it at first, as that is the typical ponzi, but for how long?
Not only that, but another ponzi, called Gladiacoin, had recently collasped around the time USI-Tech was getting started and they had promised to double people’s money in 90 days.
So I immediately thought USI-Tech and Bitconnect was just another Gladiacoin who added another month or so onto their “double your money” promises.
Frankly, it’s even simpler than that. You have serial thieves and fraudsters involved in this – asking for your money. Common sense is all you really need.
How do I get my money back?
Short version: Hound the person who recruited you for your money back.
Long version: File a complaint with authorities and hope they intervene.
Horst and the gang aren’t going to give you your money back without a fight.
SCAM SCAM SCAM …. 105 years to get my initial investment back. Cant wait i will only be 170 years old.
USI scammers dont worry your days are coming what goes round comes round enjoy what youve done for a short time its coming.
Please can anyone let me know if there is a lawyer who can represent the investors and try to get if not all at least some of our monies in Packages 1.0 out?
Your money isn’t sitting in a pot somewhere. USI-Tech was a Ponzi scheme. You invested, USI-Tech’s owners and top investors stole most of your money.
If you’re asking here for lawyer recommendations instead of actually going to see a lawyer you’re probably not in a position to file anything.
Let alone where you’d file, against who and for what.
It’s a race to see who gets one (if not all of them ) first.
Tick Tock …