USI-Tech securities fraud cease and desist issued in Ohio
As part of Operation Cryptosweep, Ohio has issued USI-Tech with a securities fraud cease and desist.
The May 18th notice identifies USI-Tech Limited as the sole respondent, through a PO Box address in Dubai.
The cease and desist appears to have been issued following a local investor complaint.
After being pitched on USI-Tech by Mark Ghobril (aka Mark Grobril) in April 2017, the unnamed Ohio investor (R.V.) deposited $22,000 into USI-Tech.
This would be USI-Tech’s infamous Bitcoin Package Ponzi scheme, officially launched in mid 2017.
When R.V. told (Ghobril) of his intention to withdraw bitcoins, (Ghobril) encouraged him not to withdraw.
When R.V. withdrew bitcoins, (Ghobril) became angry and refused to answer R.V.’s questions.
R.V. partially liquidated his investment in the USI-Tech Limited Bitcoin Package from October 2017 to December 2017.
In December 2017, R.V.’s back office … showed that he had 58.5 bitcoins within his USI-Tech Limited Bitcoin Package.
In January 2018, although he had not withdrawn any more bitcoins, R.V.’s backoffice on the website showed he had 0 bitcoins.
From on or about January 5, 2018 until late February 2018, R.V. received no communication from USI-Tech and was unable to withdraw any bitcoins from his account.
On social media, Ghobril is credited as one of USI-Tech’s “founding members”. As one of USI-Tech’s top promoters, how much money Ghobril personally stole from USI-Tech victims is unclear.
Prior to scamming people in USI-Tech, Ghobril was promoting the My Advertising Pays Ponzi scheme.
According to the Ohio Department of Commerce, Securities Division, USI-Tech provide
no factual information, such as name, position education expereince, professional experience … concerning any of (USI-Tech’s) principals.
The company additionally failed to disclose
- the identity of the entities of persons who are parties to the bitcoin mining contracts, as well as information about the facilities used to mine bitcoins, the hardware used to mine bitcoins, the costs associated with USI-Tech’s mining of bitcoins and their success in mining bitcoins;
- information about the assets and liabilities of USI-Tech and any other information that indicates USI-Tech has the ability to provide investors with profits of up to 150% regardless of the value of bitcoin; and
- the risks associated with the USI-Tech Limited Bitcoin packages and mining bitcoins.
The Securities Division goes on to confirm USI-Tech’s Bitcoin Package offering are securities, as per Ohio Securities Law.
Through the Chicago-based law firm Hart David Carson, USI-Tech previously represented to investors its unregistered securities offering was legal across the US.
As with previously issued securities fraud cease and desists, USI-Tech has thirty days to respond to the notice and request a hearing.
Considering USI-Tech’s failure to answer previously issued cease and desists and that its owners and top promoters are in hiding, a challenge to the notice is unlikely.
Scam artist Mark Ghobril bragged about buying a million dollars of the USI TechCoin at the London Conference last year.
I guess he stole the funds from the innocent investors of USI.
I think you’ll find that Ghobrils’ name is not misspelled in the C&D, but, it in fact lists two names under which Ghobril was operating i.e. Mark “Ghobril” and Mark “Grobril”
I ran a search for “Mark Grobril” and nothing came up. His promotion of USI-Tech was exclusively as “Mark Ghobril”.
(unless I’m missing something?)
The .PDF is an image, so the search function won’t work.
My copy of the C&D says:
“In April 2017, RV, a resident of Ohio, utilizing a New York sales partner, Mark Ghobril aka Mark Grobril “Sales Partner”
Lol, I want to say that wasn’t there in my original copy but it probably was (that was the paragraph I transcribed from!).
First day back :D.
Let’s see some more USI-Tech people get served. Mike Hobbs, Justin Verrengia, Vitaliy Dubinin. and what about that Frank guy who had his assets seized?
I have Mr. Ghobrils home address, (not required for a complaint against him but it is on the form) and historical domain registry info to put a timeline for his scamming if you want it.
If it’s ok with Oz I’ll only post the link for the registry search site that has the historical data intact.
We need to see DON LEE served for stealing millions from innocent investors of USI-Tech. He was one of the larger MLM players in the US.
I hope the authorities use the Zeek Rewards process and eliminate this crook of all of his assets and put him behind bars.
That would be Don LE
HORST JICHA NEW VENTURE… bit-share.
ITS A FUCKING USI-TECH CLONE. AND HES REGISTERED 5 OTHER VARIATIONS OF BIT-SHARE.AT .US .WORLD .SHOP
ffs.
Considering the other profile photos are obviously stock, not sure what’s going on there.
Jicha has his stolen USI-Tech funds, not sure why he’d be launching new scams.