USI-Tech drops crypto mining charade
Despite collapsing in April, USI-Tech has kept up the crypto mining charade in their affiliate backoffice.
Unfortunately for desperate investors still bothering to check their backoffice, on October 23rd they were informed the charade has been dropped.
USI-Tech launched their BTC Package Ponzi scheme on the premise of investing funds in cryptocurrency mining.
When US regulators came knocking and demanded proof, instead of providing it USI-Tech shut down.
In contrast to their investors collectively losing millions, USI-Tech owners are apparently driving around in Lamborghinis.
Citing a “rising hashrate”, USI-Tech claims it is ‘currently not profitable to keep the mining machines running.‘
The electricity and maintenance costs have become too high, with the bitcoin price currently too low to afford the costs of the required computing power.
Accordingly the company has “temporarily stopped” its non-existent mining activities.
We will inform you once the situation improves and mining becomes profitable again.
Best Regards
USI-TECH
Electricity costs being brought up is kind of ironic in light of Horst Jicha blowing $1.5 million chasing magical free energy.
USI-Tech’s purported mining difficulties meanwhile comes hot on the heels of BitClub Network and Kuvera Global making similar announcements.
Looks like “Hi there, we’re turning off our equipment…” is the mining Ponzi exit-scam of choice.
They couldn’t even communicate this via email transmission to their victims? I guess we just have to wait for them to refund our holdings.
You’re going to be waiting a long time. Like, forever.
When my friend asked me to invest me in this from the beginning, I knew it was a scam as I was in Profitable Sunrise before and the same thing happened.
I did put in 900 dollars. Dummy me.
I wonder if Vitaliy Dubinin or Justin Verrengia will be offering refunds to the hundreds (or even thousands) of people they personally scammed into Vitaliy’s Bitcoin Wealth Club.
They started doing webinars encouraging people to take out business loans in order to invest in Bitcoin.
Then it all came crashing down.
Meanwhile, Justin has transitioned into 8-Figure Dream Lifestyle and made $110,000 from 11 sales in the last 2 weeks.
Encouraging people to take out $10,000 – $30,000 business loans.
https://behindmlm.com/mlm-reviews/bitcoins-wealth-club-review-vitaliy-dubinins-bitcoin-ponzi-feeder/
What state is USI Tech in? In what way did it “collapse”? I have a friend in USI who challenged me to contact him in a year (in a “you’ll be sorry” sort of way) and that date comes around at the end of this month.
Do people in USI still think that they have money?
USI-Tech stopped paying out after the cease and desists started rolling in. The owners did a runner, went into hiding and stopped paying people.
The usual “we’ll pay you soon” emails followed, in an attempt to stop people reporting them to the authorities.
Contacting your friend at the end of the month should be delicious, as December 20th 2017 was the date of the first cease and desist in Texas.
If you’re meeting in person and want to make a show of it, rock up with some popcorn – you’re probably in for all manner of excuses and justifications for non-payment.
If your friend has any integrity they’ll admit to getting scammed. If they’re still in denial about it though, might be time to look for new friends.
So, this is their ‘coin’ that they were offering during the end of USI days. Today, I received this communication:
Stock standard MLM e-com altcoin exit scam.
None of them get off the ground because nobody outside of the scam is interested.
OneCoin have strung gullible investors along with the model for years now. USI-Tech is trying to do the same.
Shohan Bowala pimped this one. Stole millions!
Top earners(scammers) in usi-tech, Lee Oakley and Kerry Stockton are about to build a multi million dollar home in Surfers Paradise Queensland with money stolen from usi-tech victims…
(Scroll down to clients)…
leadesign.com.au/project/laguna/