USI-Tech enters third generation of scamming with Tech Coin ICO
With forex recruitment all but dead and their bitcoin package ROI liabilities spiraled out of control, USI-Tech’s latest ploy to raise investment revenue is an ICO.
Tech Coin will be another entry into the burgeoning MLM underbelly ICO market.
Offering nothing new to the cryptocurrency space, Tech Coin is likely just another script-generated altcoin.
Ultimately Tech Coin will serve no other purpose than to launder USI-Tech investor funds through, pocketing owners and big recruiters a large percentage of funds invested.
If that sounds familiar it’s because practically everybody in the MLM underbelly is launching their own ICO.
A common misconception across the MLM underbelly is that cryptocurrency investment opportunities are unregulated, something USI-Tech recently found out first-hand is not the case.
Specific details of USI-Tech’s Tech Coin ICO have yet to be made public.
What we do know though is that it has already been low-key launched internally, with USI-Tech affiliates able to invest in Tech Coin ICO packages ranging from €50 to €50,000 EUR.
- Silver – 50 EUR for 100 Tech Coin points
- Gold – 2500 EUR for 5000 Tech Coin points plus 10,000 point bonus
- Ruby – 10,000 EUR for 20,000 Tech Coin points plus 120,000 point bonus
- Emerald – 25,000 EUR for 50,000 Tech Coin points plus 600,000 point bonus
- Diamond – 50,000 EUR for 100,000 Tech Coin points plus 1,200,000 point bonus
At this stage Tech Coin is little more than pre-generated points, offered through the USI-Tech affiliate back-office.
Commissions are paid on Tech Coin points investment, topping out at 60.2% at the Diamond Package level.
If you buy a Diamond Token package … you can increase your commissions from 35% up to 60% on 12 levels!
(For complete details visit the Commission Pay Plan section of your USI TECH backoffice.)
Personally I wouldn’t be surprised if at some point Tech Coin packages were introduced alongside USI-Tech’s bitcoin packages.
Another move USI-Tech management might be considering is to eventually restrict bitcoin package ROI payments to Tech Coin.
Tech Coin points cost USI-Tech next to nothing to create, however the internal value is pegged to affiliate investment.
At some point USI-Tech might procure an altcoin script and launch Tech Coin publicly, however being attached to a Ponzi scheme means it will never have any use or value outside of USI-Tech itself.
Not that that matters for USI-Tech’s owners and top affiliates. They sell you worthless points for real money, take your money and then leave you hanging.
USI-Tech affiliates gullible to buy in will ultimately be left a Tech Coin point balance they can’t do anything with, despite being told it’s worth actual money.
That’s if regulators don’t start rounding up top promoters, effectively shutting USI-Tech down.
Texas’ cease and desist was issued on December 20th.
USI-Tech has 31 days to respond to the notice, putting us at January 20th, 2018.
That’s only three weeks away, with USI-Tech to date not addressing the Texas cease and desist publicly or providing any indication they intend to challenge the notice.
Back in August the law firm Hart & David (now Hart David Carson), provided USI-Tech with a legal opinion that claiming bitcoin Ponzi fraud was legal in the US.
Around the time Texas issued their cease and desist, the Hart David Carson website disappeared.
It has since been restored, but to date we haven’t heard anything from them regarding Texas potentially outlawing USI-Tech.
The only indication I’ve seen that USI-Tech is paying attention to regulation was the abrupt cancellation of a scheduled Hawaii event next year. The event has since been moved to the Dominican Republic.
The regulatory trail of previous MLM Ponzi schemes has seen investigations launched by individual states, before the SEC finally moved in at the federal level.
Not surprisingly, when individual states announced investigations into Zeek Rewards and TelexFree, the reaction of affiliates wasn’t unlike USI-Tech’s YouTube shills.
Not your best write up ever. Lots of mights and coulds.
What can be said with a certainty is that USI has alluded to the eventuality that they will sell forex trading packages, just like their bitcoin packages.
As you know, they no longer sell their forex trading software, apparently because their customers are unaccustomed to the idea that they might actually break even or (shudder) lose money.
Nature of the beast I’m afraid. Scams tend to get overly secretive once regulators start sniffing around.
I think Tech Coin point have taken precedence over forex packages.
They need to create the illusion of “something different” to get affiliates to part with more money. Launching forex packages off the back of bitcoin packages is too similar.
After Tech Coin is hyped they’ll probably revisit forex packages. That’s if they’re around that long.
Do you recommend any company in the crypto currency arena?
I don’t give out personal MLM opportunity recommendations.
…..NOT REGISTERED it’s ICO with the SEC.
most ICO’s are securities offerings which have to be registered with the SEC before they are sold.
usi tech just got caught in texas for selling unregistered securities via their BTC packs.
they’re really going to sell their unregistered ICO in the US? really ?
the techcoin packages are in presale and are being offered to existing BTC package investors, 65% [approx] of who are US citizens.
this^^ means many US affiliates have invested in an illegal unregistered ICO. and by further selling ICO packages to new investors for commissions, they are themselves guilty of selling illegal unregistered securities.
usi tech is already in trouble with the SEC. only total 100% undiluted idiots would contemplate investing in their ICO.
also, it doesn’t matter if usi tech publish a whitepaper. these days you can hire any any mediocre developer to write some flimsy trash for cash.
there is no information about the developer behind the techcoin.
in an interview a few days ago mike keifer, co founder of usi tech, said he met the core developer of the techcoin in brazil and was ‘blown away’ at the technology behind the coin and upcoming internal exchange. he didn’t share the name of the developer. genuine coins and ICO’s generally share such information.
‘ICO scam’ warning pages advice investors to check github for genuineness of the developers, or follow forums like reddit or bitcointalk to see what the community is saying about the coin being offered.
usi tech’s coin developer is unknown, and reddit and bitcointalk discussions call out usi tech as a ponzi scam. a coin offering from ponzi promoters will never be taken seriously by the cryptocurrency community and hence have no real world value.
it seems usi tech cannot keep track of the number of coins it has sold or given away, according to these recent comments on youtube :
^^huge red flag. red flag with word on it spelled ‘SCAM’.
IIRC the onecoin scam coin ‘counter’ would also randomly get stuck or go haywire?
When an MLM ICO is still in the points stage they can make up whatever they wan’t. They’re literally just doling out generated points.
If they launch an altcoin script on public exchanges later, that’s when they have to go easy on the manipulation (ala BitConnect).
woohoo guys, a new year’s rolled in, have a good one!
rodney burton, top usi tech scammer from the US, seems to have some insidious plans up his sleeve for 2018.
on dec 29th he posted on FB:
and on dec 30th he gives us an insight into his attitude towards his serial ponzi scams:
hmm, it seems that usi tech’s wheels have fallen off in the US, is rodney hinting at moving on to greener ponzi pastures in 2018?
dan and patti hunt are top usi tech affiliates in the US. on aug 26th, 2017, they held a ‘USI-Tech Kickoff Event’ in pennsylvania with usi tech co-founders horst jicha and mike keifer in attendance.
in a recent interview with mike keifer on 28th dec, 2017, dan hunt seems to be promoting new tech-coin now over the BTC packs.
i guess as there is no cease&desist against the ponzi point ICO of usi tech yet, dan & patti hunt can promote it for sometime.
but usi tech is not taking any risks. while the company has events planned for the dominican republic, munich and manila in 2018, horst jicha and mike keifer don’t plan to step into the US.
usi tech investors in the US should think about this. why would the owners not step into their biggest market ie the US?
and why isn’t usi tech clarifying it’s stand about texas or the legality of it’s ICO in the US? don’t they care about their US affiliates at all?
One of the guys I follow on youtube is banking big just paid $60,000 saying he will have MILLIONS Of Dollars in COIN once it goes public just from the “bonus” coins they will give him as they go from stage to stage in the ICO.
Greed is an amazing thing.
This is the same guy that has a following that he not only earns from in another MLM Recruiting scheme.
So he is using that money to not only “increase” his potential earnings but also dupe people into USI-TECH to follow his lead.
With the familiar quote “This isn’t an investment” – “I can’t show you my back office”
Yet look at the potential of other coins “This one will do the same”
So USI-TECH gets to hold all that money and the coin can just TANK like a lead brick.
This smells, tastes, looks, feels, etc. just like Gladiacoin. The Bubble is about to burst..
207 million coins sold. Can’t wait for the whitepaper. Should be a lot of copy and pasting from Bitconnect and other whitepapers, all in a German accent of course.
I cant believe you are saying that USI Tech was given a stop order because THEY were breaking the law. The stop was given because of two affiliates continually making unlawful claims.
This was investigated and discovered that other unlawful practices were taking place by affiliates. Please get your facts straight.
Whether you believe the facts is neither here nor there.
Read the cease and desist notice again. USI-Tech was issued a cease and desist for illegally offering unregistered securities in the state of Texas.
In addition to that two affiliates were also ordered to cease and desist for promotion of USI-Tech’s unregistered securities offering.
Stop watching garbage YouTube shill videos.
Then why does the complaint say:
“4. Respondent USIT is engaging in fraud in connection with the offer for sale of securities”
“USIT” and not “USIT and two of its’ representatives”
I totally agree with Matt, USI TECH will be big in the crypto space very soon. and yes Matt is right, it was down to greedy Yankees, misrepresenting USI tech and false claims and using words like investments in their marketing.
USI TECH will be around for some time to come.
^^ Sounds like desperate hope.
What’s there to misrepresent? USI-Tech is a Ponzi scheme paying a 140% ROI. Pretending otherwise isn’t going to stop regulators from correctly identifying USI-Tech as a scam.
Ponzi schemes that lose their largest investor-base overnight are on a high-speed train bound for collapseville.
According to this web site, tech coin has been around since 2014, so what is USI going to do about that competing coin that sells for 2.9 cents?
Something tells me USI is run by a group of amateurs.
Matt and Pat, get your heads out of the clouds. If USI Tech is so honorable, why did they take all the supposedly earned profits from their original U.S. investors offering to return only their initial investment? I can’t imagine any of those folks will ever see a dime from these low-class crooks! This was a scam from the get-go.
If we even get our investments back. I still have not been paid out.
It’s not a whole lot, i realize, but the company keeps telling me they are working on the pay outs… Soon.
Soon… Mother F#$:@ers give me a date!
Sad but i invested what i could lose and thats a part of learning. I will definitely be doing more research next time i want to flush some cash…
So, is it true that US owners of USI Tech packages will not be getting their money back?
And is that for sure?
Sadly NO. Its been a scam from day 1.