Crypto World Evolution Review: $2000 Pro Miner Ponzi positions
Crypto World Evolution provide no information on their website about who owns or runs the business.
The company states only that it’s “operated by a team of entrepreneurs who are experts in the field of cryptocurrency digital technologies”.
The Crypto World Evolution website domain (“cryptoworldevolution.trade”) was privately registered on August 16th, 2017.
Update 27th February 2018 – A few days ago Crypto World Evolution updated their website to provide the names of company management.
Tomas Perez-Quevedo is cited as CEO of Crypto World Evolution.
Over the past few years Perez-Quevedo has been involved in the BitClub Network, AirBit Club and Zhunrize Ponzi schemes.
Prior to getting involved in scams from around 2013, Perez-Quevedo was promoting Nussentials.
Perez-Quevedo’s Facebook profile suggests his marketing efforts are primarily concentrated around Vietnam and Thailand. /end update
Read on for a full review of the Crypto World Evolution MLM opportunity.
Crypto World Evolution Products
Crypto World Evolution has no retailable products or services, with affiliates only able to market Crypto World Evolution affiliate membership itself.
The Crypto World Evolution Compensation Plan
Crypto World Evolution affiliates invest $2000 in Pro Miner positions on the promise of a daily ROI.
Once acquired, Pro Miner affiliates have a 2 BTC funding cap on each $2000 Pro Miner Position.
Recruitment Commissions
Crypto World Evolution affiliates are paid recruitment commissions down two levels of recruitment (unilevel):
- 15% on level 1 (personally recruited affiliates) and
- 10% on level 2
Residual Commissions (binary)
Crypto World Evolution pay a residual commission on downline funds invested via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Crypto World Evolution tally up new investment volume on both sides of the binary team.
Affiliates are paid 15% of investment volume generated on their weaker side. Leftover volume is carried over the following day.
Note that residual binary commissions are capped at $10,000 a day and/or $50,000 a week.
To qualify for residual binary commissions, a Crypto World Evolution affiliate must recruit and maintain two affiliates with active Pro Miner positions.
Residual ROI Commissions
Crypto World Evolution pay a residual commission on downline ROI payments via a 3×20 matrix.
A 3×20 matrix places a Crypto World Evolution affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).
Levels three to twenty of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Commissions are paid as positions in the matrix are filled.
Positions in the matrix are filled via direct and indirect recruitment of new Crypto World Evolution affiliates.
A 20% commission is paid on daily ROI payments to placed affiliates within the matrix.
Rank Rewards
Crypto World Evolution reward affiliates for generating downline investment with several rank rewards:
- General Director (recruit three affiliates who each recruit at least two affiliates and generate at least $50,000 in total downline volume) – receive one share in 2% of Crypto World Evolution company-wide investment
- National Director (recruit at least five affiliates (two Regional Directors) who each recruit at least two affiliates and generate at least $250,000 in total downline volume) – receive one share in 2% of Crypto World Evolution company-wide investment (one share in two 2% pools)
- International Director (recruit at least eight affiliates (three Regional Directors and two National Directors) who each recruit at least two affiliates and generate at least $500,000 in total downline volume) – receive one share in 2% of Crypto World Evolution company-wide investment (one share in three 2% pools)
- Global Master (recruit at least twelve affiliates (three National Directors and three International Directors) who each recruit at least two affiliates and generate at least $1,500,000 in total downline volume) – receive one share in 2% of Crypto World Evolution company-wide investment (one share in four 2% pools)
Joining Crypto World Evolution
Crypto World Evolution affiliate membership is tied to a $2000 Pro Miner investment in bitcoin.
If a Pro Miner ROI contract expires, a Crypto World Evolution must invest in another $2000 position to continue to earn.
Conclusion
Crypto World Evolution claim to generate external ROI revenue through a “trading bots”.
Our BOTs have the capability to perform hundreds of operations under a hybrid or automatic program.
The key to its success is in the programmed management supervision.
Our BOTs are undoubtedly a unique software in the trading platforms.
No evidence of the bots existing or Crypto World Evolution affiliates being paid via trading revenue is provided.
What your left with is new affiliate investment being the only verifiable source of revenue entering Crypto World Evolution.
Furthermore Crypto World Evolution’s claims fail the Ponzi logic test.
If the anonymous owners of the company did indeed have a bot capable of legitimately generating “significant 24/7 earnings” as claimed on the Crypto World Evolution website, why would they need to solicit investment from the general public?
On top of pyramid recruitment commissions paid out, recycling newly invested funds to pay off existing investors would make Crypto World Evolution a Ponzi scheme.
Through a trading bot that is a possibility if the bot was trading internally between Crypto World Evolution accounts and accounts held by the company.
Of more pressing concern is the lack of regulatory registration of what is obviously a passive investment opportunity.
If Crypto World Evolution’s bot is all that it’s cracked up to be, why hasn’t the company made the required regulatory disclosures?
If it isn’t, Crypto World Evolution affiliates are being conned out of $2000 plus trading fees on the false promise of “significant 24/7 earnings”.
For an MLM company hoping to operate legally and with full regulatory compliance, neither is an acceptable scenario.
The usual suspects are pimping this scheme: Ari Maccabi and Darren Little.
I’m using the bot. I can say for sure they have them. Too soon to tell how effective it will be as I just plugged it into my exchange and it started trading.
But what you can’t say is whether revenue generated via these bots is being used to pay affiliate ROI withdrawals.
And how did you get a hole of Crypto World Evolution’s bot? There’s no mention of them selling them, only the claim they’re using the bots to generate ROI revenue.
Remember, if the bots were able to sustain a $2000 a pop ROI scheme, why wouldn’t Crypto World Evolution’s anonymous owners just run it themselves. Why share the revenue?
Not sure I follow. They don’t guarantee any ROI. The bots are trading in my binance exchange and I would have to decide what I do with the ROI if there is any since it is in my exchange.
I didn’t send them any money to invest. I just connected the binance API to the trading software. I control my funds at all times.
My friend who is trading with them got me set up with the software.
I still don’t follow the ROI question/statement. My buddy sold me the software for $2,000. I plugged it into my API with my exchange. They said it could make money or it could lose money there are no guarantees. If it makes money the balance in my exchange will go up. If the bot loses money the balance in my exchange will go down.
If it goes up a lot then after a year I can renew the license for the software for $2000. If I lose a bunch of crypto then I won’t renew.
T$, get a f’ing clue! If anything is a scam, this has the RED FLAGS!
Whether you guarantee a ROI or not is irrelevant. Investments are made on the expectation of an advertised passive ROI.
That’s a securities offering and at the very least requires appropriate registration.
At worse it’s a Ponzi scheme, with newly invested funds recycled to pay off existing investors.
You stated you paid $2000. That money was paid to Crypto World Evolution, with a ROI sourced from Crypto World Evolution.
If you’re not getting paid through Crypto World Evolution, how are they able to cap your ROI at 2 BTC?
You’ve connected your exchange account into something controlled by Crypto World Evolution that generates a passive ROI. Beyond that there’s no evidence of actual trading being used to pay your ROI.
I paid $2000 to Crypto World Evolution to buy software to use in my trading exchange. My buddy made a commission off of that when I bought it but I don’t get any ROI of of the purchase.
I don’t know what the 2 BTC ROI cap is. CWE Doesn’t pay me anything for purchasing their software. They paid my buddy a commission for selling it to me though. Are you thinking if my buddy sells a lot of software they won’t pay him more than 2 BTC?
I connected the CWE software into my binance exchange using the API keys. I have to use my own money to trade with in my exchange.
The evidence of actual trading is the trades that are being made in my exchange. It’s not passive. I’m setting up the bots. Telling them the amount they can trade, and picking the coins I want them to trade.
Then after I turn them on they start buying and selling the coins I choose. They win some and close out the transaction with a sell. But if a coin goes down they won’t close out for a loss. I would have to manually sell if I wanted to get out at a loss or hope the coins go up and then profit when the bots sell it.
on the expectation of an advertised passive ROI.
That’s a securities offering and requires registration with the appropriate authority.
Of course you don’t, because you didn’t look any further than what your buddy told you.
If you haven’t gone over Crypto World Evolution’s compensation plan then you’re wasting both of our time.
What you do manually outside of the Pro Miner automated ROI positions is irrelevant.
There is no passive ROI I was promised. They sold me software that I could use to trade with in my exchange. I never sent them money to trade with and wouldn’t want to send my money out to trade. I trade my own crypto and now have software trading some of my crypto as well.
I’ve seen the comp plan but there isn’t anything about a 2 BTC ROI cap anywhere. You must have something different than the current comp plan.
You said. “Beyond that there’s no evidence of actual trading being used to pay your ROI.”
My bots have executed over 2000 trades in my Binance account in about three weeks. The proceeds and losses from those trades are in my Binance exchange account.
The company can’t get into my exchange to withdraw funds or anything like that.
So, I paid for software that my buddy said could communicate with my Binance exchange and execute trades. I bought the software and it is executing trades. I was never promised any returns but I do have a couple thousand trades that would qualify as evidence that the software is doing what I was told it would do.
The company doesn’t pay ROI to anyone. The trading software would need to create the ROI in your own personal exchange.
You’ve been trained well. Unfortunately it won’t fly.
MLM regulation of investment opportunities goes like this:
Did affiliates invest on the expectation of a passive ROI? If yes, securities offering defined.
Is company offering security registered with the SEC? If no, unregistered securities offering defined.
The offering of unregistered securities is illegal in the US.
Come on mate, we’ve just been down this “nah-uh, we don’t need to register our cryptocurrency ROI scheme because (insert meaningless pseudo-compliance BS here)” with USI-Tech.
If you’re investing and deriving a passive ROI your company needs to register its securities offering with the SEC and be transparent about ROI revenue generation. Period.
Crypto World Evolution run the trading software. You have no idea what they are actually doing on the back end with funds invested.
They can show you numbers on a screen in a virtual environment, which unless you have audited accounting would make you none the wiser.
Registration with the SEC would clear that up. Yet Crypto World Evolution haven’t registered their securities offering with the SEC.
Obvious Ponzi is obvious?
You can hit 2 BTC and then you have to withdraw.
If you have to argue about why your passive investment opportunity isn’t a security instead of asking the company why they aren’t registered to offer securities in your jurisdiction, you’ve already failed at due-diligence.
I don’t have to withdraw at 2 BTC in my exchange I can keep as much BTC in my own personal exchange as I want. You are incorrect.
The trading limit is $10,000. If you have more than that in your exchange the bots only trade up to $10,000 max.
I trade securities actually and I’m guessing you have no idea what the Howie test is. If you did, you would know that buying trading software to utilize in your own trading account at your own discretion would not be classified as a security. Especially since the company material my buddy showed me specifically stated that there were absolutely no guarantees of returns.
I know exactly what the company’s software is doing with the funds in my account. It is executing trades. You seem to think I invested funds with the company. That’s not how it works. They never have access to my investment. Have you never used a bot to trade forex? It is obvious you haven’t and have no clue what you are talking about.
You obviously don’t.
If you did, you’d know it is the howEY test
I didn’t say anything about your exchange account.
What you see is numbers on a screen. You have no idea what Crypto World Evolution have done and are doing with your money on the back-end.
Anyway, you only need to look as far as BitConnect to see what happens to unregistered passive mining investment opportunities.
You handed over $2000 to Crypto World Evolution. Now you’re sending them more money through a bot entirely under their control, and you have no idea what they’re doing with your money on the back-end.
You’ve invested over $2000 on the expectation of an advertised passive ROI through Crypto World Evolution. That’s as far as it goes on the regulatory front.
Again, instead of arguing with me about whether Crypto World Evolution’s passive ROI offering is or isn’t a security, you should be asking why, if everything is as legit as they claim, why they haven’t registered with the SEC.
It’s a trivial process, only it forces them to put a name to the company and provide evidence of actual trading revenue being used to pay affiliate ROI withdrawals.
Best of luck with the scamming.
You posted an image that stated: “with a 2 BTC limit trading volume cap on your account”
Then from that you came up with the assumption that: “You can hit 2 BTC and then you have to withdraw.”
What are you even talking about! LOL. Hit 2 BTC and “YOU HAVE TO WITHDRAW.”
The words “limit trading volume” turned into “YOU HAVE TO WITHDRAW.” You are wrong again. I could have $100,000 in my exchange the Bots will only trade $10,000 of the $100,000.
How did you come to the fact that “YOU HAVE TO WITHDRAW.” from that image.
Then you state, “Now you’re sending them more money through a bot entirely under their control”
How am I sending them money if it’s in my trading exchange account? Where did I send this money to? Enlighten me on this one please!
Then you say “and you have no idea what they’re doing with your money on the back-end.”
What money of mine do they have other than the $2,000 that I handed them to pay for the software I bought? If I buy a computer from Best Buy I don’t know what the owners of Best Buy are doing with my money on the “back end” if you will, and I am not really concerned with it.
My friend sent me a powerpoint that specifically does not guarantee an ROI. I certainly do expect it to be profitable but my buddie was very clear that there would be risk involved.
(Ozedit: marketing spam removed)
Because, you don’t register all software programs with the SEC. The S in the SEC stands for a word… That word is not “S”oftware.
I do stand corrected little round man it is the Howey test. I didn’t google it before I typed it in. It’s been years since I learned about it.
Spelling notwithstanding, trading software and the way it was sold to me would still pass the test as to not being looked at as a security.
1. Is there an investment: Yes I bought software! This element is nearly always fulfilled when looking at the Howey test. It’s looking good for you and OZ so far!
2. Common Enterprise: Is there a pooling of investment funds. With CWE there is not a pooling of investor money. Each individual purchaser makes their own decisions and keeps their entire investment principle under their own control in their own account. Looking good for CWE here boys.
3. Expectation of Profits: I wouldn’t pay $2,000 if I didn’t think it would profit! Chalk one up for you guys!
4. A promoter or third party’s expertise is the sole way to profit. I pick my own coins, I turn it on or off at my discretion. I set the amount the bot can use to trade with. Leaning back the CWE way here!
To be considered a Security it has to meet all 4 prongs of the Howey test. A 2 to 2 tie in the Howey test unfortunately doesn’t get you boys to overtime. It’s like a soccer game where CWE has got the aggregate.
How exactly did my friend scam me here? He sold me software for $2,000 and told me there are no guarantees as to how well it would perform. He showed me a slide show that said there are no guarantees to returns. I know with any investment there is risk involved.
If I invest my $10,000 in capital and lose it all, then I’m out $12,000 total when you add in the software cost. I was advised that there would be no guarantee as to my returns. So far the bots have executed over 2,000 trades in MY PRIVATE, PERSONAL, UNTOUCHABLE BY THE COMPANY, trading account.
If I had to send my money to the company for them to trade, I would have never bought the software in the first place. I’d be worried that they would “scam” me and take all my money without actually trading with it! LOL
I funded my PERSONAL trading account with .567 Bitcoin over a couple weeks time.
I’m currently pleased with my personal results and I know that there are no guarantees that I will remain pleased with future results. My friend was honest and upfront with me and I made the decision to give his software a try.
It’s a shame you missed the USI-Tech and BitConnect boats. So much regurgitated “lulz it’s not a security” bullshit.
Out of your trading account, which is managed by Crypto World Evolution. It’s a hard cap on funds you have invested with them at any given time.
Doesn’t matter. Nobody is investing in Mining Pro positions on the expectation of a loss, they’re doing so because the company has represented they’ll receive a passive ROI.
Nobody said anything about registering software with the SEC.
Crypto World Evolution’s $2000 Mining Pro positions provide access to a passive investment opportunity.
A passive investment opportunity is a security and requires appropriate regulatory registration.
The bot pools investor money and then pays it out again.
None of which actually generates a ROI. That’s achieved passively by Crypto World Evolution.
A true stand-alone bot would continue to function if Crypto World Evolution shut down tomorrow. This is key in defining the passive investment offering through Crypto World Evolution as a security as opposed to the bot itself.
Please go read up on the BitConnect Texas cease and desist. They explicitly refer to the Howey test in their determination BitConnect’s passive mining ROI service was a security IIRC.
However you try to dress it up, an MLM passive ROI opportunity is a security and that’s that.
So you are saying I have to Withdraw:
My trading account is managed by me and me alone. No one and no company can ever withdraw funds on my behalf. You are lying here. Or you are too ignorant to understand they can’t withdraw out of my trading account.
I’m not sure you understand what passive really means. I pick the coins and the amount that the bots are allowed to trade.
I can turn them on and off at any time as well. Passive would be sending my money in to be traded. This isn’t passive and you can deny it all you want but it won’t change the facts.
I’m starting to understand your ignorance finally! This ignorant statement has finally enlightened me as to why you are making all of these incorrect assumptions.
You believe that I give the bots $10,000 to trade and they take it and trade it. That just ain’t so. The bot will execute one trade within my exchange at a time.
Let’s say it buys $150 worth of Ethereum. That $150 worth of Ethereum is now in my exchange as Ethereum.
I can, at any time I want, go into my exchange and withdraw the $150 worth of Ethereum within seconds to my Ethereum wallet. The bots trade my money from Bitcoin into alt coins in my exchange.
They don’t have access to my money at any time during the process. They can only move it from one coin, that I COMPLETELY OWN AND CONTROL AT ALL TIMES WITHIN MY OWN PERSONAL EXCHANGE to another coin, that I COMPLETELY OWN AND CONTROL AT ALL TIMES WITHIN MY OWN PERSONAL EXCHANGE.
If I sign on to E-Trade and tell them to sell Microsoft Stock and then I use the proceeds to buy Apple Stock, at no point does E-Trade just take my money for themselves and start pooling it and investing it with lots of other clients funds. I CONTROL THE FUNDS IN MY STOCK BROKERAGE ACCOUNT. Just like I do in my cryptocurrency exchange account.
I’m trying so hard to make this really simple transaction make sense but you just can’t seem to admit how ignorant you are when it comes to trading.
Just come clean bro! You have most likely never ever traded stocks, Forex or Cryptocurrency in your life! And you have certainly never used trading software which is sold by several companies all over the world.
You mention a “stand-alone bot” What in the holy hell is that LOL. A trading bot that needs no programing or function updating at any time ever? Even during changing market conditions?
If you build your own trading bot, which would be a true f’n treat to see Hahahahaha, and then you stop updating the functions and stop hosting it on a server… It will stop working. Was your bot going to use artificial intelligence? That must be the plan for your magical “true stand-alone bot!”
Let’s see if you answer a few questions honestly. You mention USI and BitConnect on here.
If/When USI goes completely out of business and you have $10,000 invested in their USI Mining Packages. What would happen to your $10,000 that you sent to USI? I contend that you would lose all of your $10,000 at that moment forever.
Question 1. Do you agree with my contention?
I am currently using the CWE trading bots to trade at the $10,000 limit in my Binance account. If CWE shuts down and goes out of business tomorrow, what will happen to my $10,000?
I know for a fact it will still be sitting in my Binance trading account. I can leave the $10,000 in the coins they are holding if I think they are going up.
I can trade out of them into bitcoin if I think they will go down. I can withdraw all of it to my coinbase in BTC and sell it for USD and have it sent to my bank account.
If USI closes and I have $10,000 in mining packages I would lose 100% of my money. If CWE closes and I am trading $10,000 with the bots I would still have $10,000 worth of cryptocurrency.
Now I’m going to be out the $2,000 I paid for the bots if CWE shut down, which would suck for sure. But I’d rather have my $10,000 still in my account versus having $0.00 with a company like USI or Bitconnect.
Question 2. Do you see the difference in risk level between the companies?
Yes, which is what I meant when I said you have to withdraw out of the trading account.
You don’t sit there and do the actual trading though, which is what purportedly generates the ROI.
if you were running a bot standalone that’d be fine, but you’re not. You’re paying a third-party to trade for you.
That’s entirely passive on your part and controlled by Crypto World Evolution, who are offering the security.
Exactly. You hand over money and “the bot” (Crypto World Evolution) handle your money and do the rest.
It’s a securities offering. Period.
And if you want to discuss non-MLM alternatives, such as E-Trade, do it elsewhere. This is a discussion specific to regulation of a security offering through an MLM company.
What happens to your money is irrelevant, the relevant fact is your passive ROI payments will come to an end.
Neither USI-Tech or BitConnect were deemed securities offerings because of how they were set up. Affiliates in an MLM company handed over money and received a passive ROI, exactly what Crypto World Evolution are doing.
P.S.
I do like how you’ve gone from: “No evidence of the bots existing” in the beginning to now pretty much admitting that they have a bot… but it’s not: “A true stand-alone bot”.
A stand alone bot like the one you surely have running on Leprechaun sweat and Magical Unicorn Hair that’s harvested from your mom’s basement. I hear that’s the best fuel for “A true stand-alone bot!”
I’ve admitted no such thing. You still have no idea what the bot does with your money.
It shows you some numbers and for all you know Crypto World Evolution return subsequently invested funds to your account.
Securities offerings are highly regulated for good reason. Companies that fail to disclose even basic information about who operates them or provide evidence of generating external ROI revenue cannot operate legally.
I get it, your friend sold you on magic money and you’re over $2000 in the hole.
You naturally want to defend your actions but that doesn’t mean securities regulation goes out the window.
Not your bots, Crypto World Evolution’s bots.
Passive ROIs = security. Git it?
And why the fuck does Crypto World Evolution’s anonymous owners need your money for if they can generate 24/7 “significant earnings”?!
If it was real they’d keep it to themselves and quietly become bajillionaires. Instead their whoring out the golden goose for $2000 a pop.
Yeah, makes total sense champ.
What are you talking about? I don’t have to withdraw anything from my account!
You truly just said: “What happens to your money is irrelevant,”
Then right below said: “Affiliates in an MLM company handed over money and received a passive ROI, exactly what Crypto World Evolution are doing.”
So we can agree that the $10,000 I am using isn’t handed over to the company! So that’s not exactly what those companies were doing.
So you seem to be making two contentions:
1. Cryptocurrency is a security. (Which it has not been defined as such by the SEC to date)
2. Automatic Trading Bots are Securities. (Which they are not)
(Ozedit: Snip, please read the Texas BitConnect cease and desist and stop wasting my time.)
You do out of your trading account if you want to add new funds. You’re capped at 2 BTC and can’t add any more new money (or reinvest) unless you pull money out.
Don’t be disingenuous. You asked what happens to your money if Crypto World Evolution shut down.
I replied it doesn’t matter because it as far as securities regulation goes it doesn’t. What does matter is the trading bot would cease to provide a passive ROI, which identifies Crypto World Evolution as the entity offer the security.
It is through the bot. Crypto World Evolution control what happens once your money enters the bot, not you.
Not on their own, but when marketed through an MLM company as an “automated hybrid bot system … (that creates) consistent, significant 24/7 earnings” they are.
The offering as a whole is what regulators consider, now just cherry-picked bits and pieces of it (pseudo-compliance).
you’re comparing E-trade to CWE but E-trade is registered with the SEC.
CWE is NOT.
see?
why would CWE not register with the SEC unless it was running a ponzi scheme?
see?
My gosh Oz do you not see what an idiot you are? I trade crypto full time for a living and have 190K in Bittrex. I started using the CWE bot to compare against my own results. I did not have to withdraw anything. You are simply capped at $10K in open trades that are controlled by the bot. You do NOT have to withdraw.
Furthermore, buying or leasing software is NOT a security and you can ask any attorney in the world that.
I can tell you for a FACT you are wrong. SEC VS. Silver Star Forex… SSF won. They offer software for a subscription that trades forex. NOT A SECURITY IN ANY WAY.
Stop talking about stuff you know nothing about. (Ozedit: Offtopic derail attempts removed)
Enough is enough already. Shut the hell up on stuff you know nothing about.
Have you stopped to ask why is that?
Couldn’t possibly be because all Crypto World Evolution are doing is shuffling money between affiliate accounts and accounts they control where they’ve stored your $2000 fees could it?
I’ll update the article to more accurately reflect the 2K cap.
Nobody said it was. An MLM company offering a passive ROI is, and that’s exactly what Crypto World Evolution provide for $2000.
Please do, it would save me a lot of time replying to dumbasses who have no idea how MLM securities regulation works.
LOL! Dumb as a box of rocks!
Absolutely NOT! They cannot deposit funds into my account on the exchange or withdraw. The affiliate commissions paid for the purchase of software are irrelevant.
Tons of great companies including Amazon pay affiliate commissions. You promote the software and someone buys it thru you, you earn a commission.
False! CWE does not and cannot offer a passive ROI. They can tell you historically what their bot has made profit wise but that is dependent on market conditions same as when I trade myself. Same as when Warren Buffett buys stocks and holds them.
I not only know how it works, I have an attorney that will happily tell you how it works at $750 an hour.
You are clueless.
You can pull out up to 2 BTC PER DAY with Binance. Binance is a cryptocurrency exchange that’s not connected to CWE at all.
You can put 1000 bitcoin into your Binance account if you want! They will take it no problem. But it would take 500 days to pull it back out so bad idea!
You should get tired of being wrong but you are full of energy I guess!
Passive ROI doesn’t = Security. If you own a Restaurant (Ozedit: restaurants aren’t MLM companies offering a passive ROI, offtopic derail attempts removed)
The money never “enters the bot” hahaha. The bot tells binance what coins to buy and when to sell the coins. It never has your money in it.
If the bot had my money in it and they turned off the bots and ran then my money would be gone right? If they turn off the bots and run away my money is still sitting in the exchange for me to grab and trade or withdraw whenever I want.
You must have missed the Howey Test post above.
1. Is there an investment: Yes I bought software! This element is nearly always fulfilled when looking at the Howey test. It’s looking good for you and OZ so far!
USI YES There was
BCC Yes There was
CWE Yes There is
2. Common Enterprise: Is there a pooling of investment funds. With CWE there is not a pooling of investor money. Each individual purchaser makes their own decisions and keeps their entire investment principle under their own control in their own account. Looking good for CWE here boys.
USI YES there was. All money went in to the company and they did their “Mining”
BCC YES there was. All money went in to BCC then they did their trading, mining, staking.
CWE NO There is no pooling of investment money. Whatever people choose to invest from $0.00 in a bot to $10,000 limit. Their funds remain in their account at all times. Investment principle is never sent into the company at any time!
That really ends the deal right there! A Security has to meet all 4 prongs of the test. Not my deal that’s the Supreme Court who came up with that.
3. Expectation of Profits: I wouldn’t pay $2,000 if I didn’t think it would profit! Chalk one up for you guys!
USI YES
BCC YES
CWE YES
Most folks wouldn’t buy anything in the investment realm if they didn’t expect to make a profit.
4. A promoter or third party’s expertise is the sole way to profit. I pick my own coins, I turn it on or off at my discretion. I set the amount the bot can use to trade with. Leaning back the CWE way here!
USI YES. You send your money in and rely on them to mine and create ROI.
BCC YES. You send your money in and rely on them to mine and trade to create ROI
CWE NO. You control your money at all times and choose the coins and amounts you want to invest from $0.00 to $10,000. People who choose different coins and different amounts will all experience different results.
My friends (Ozedit: are not MLM companies offering a passive ROI, derail attempt removed)
And to Iterate, to be considered a Security it has to meet all 4 prongs of the Howey test.
Oz… Apology Accepted!
If you buy tires or clothes or whatever and you pay cash or BTC for them – whatever means. That’s a transaction. If you lease a car, you get access it to a period of time. Same with the subscription to the CWE Bot. How you use it is up to YOU.
No one else. What they do with the $500 or $2000 you pay to use the software is their business. I don’t care about the MLM side – I am using the service. It works. Hands free.
It’s a viable product that actually does what it claims. Nuff said.
Now back to more of your worthless comments…
@TheTruth
Who said anything about depositing? They can trade between accounts attached to the bot.
Have you stopped to think the reason they aren’t going to register with the SEC is because to cover the improbability of a bot run by nobodies that generates enough wins to sustain an MLM opportunity? For all you know they’re trading between other affiliate accounts and accounts the company owns in which they’ve dumped everyone’s $2000 fees.
No they’re not but in consideration of unregistered securities they’re a secondary issue.
An MLM company with no retail is paying commissions on recruitment. This means on top of securities fraud Crypto World Evolution is illegally operating as a pyramid scheme.
Well, that’s what they do:
For what should be obvious reasons, you paying $2000 to receive access to passive ROIs advertised by an MLM company is not the same as Warren Buffet manually trading stocks.
Ask USI-Tech how that worked out for them. Pay enough money and you’ll find an attorney who’ll tell you unregistered securities are legal in the US.
Ignorance. CWE is 100% retail. I AM A CUSTOMER! If I wanted to promote the bot I could earn a 15% commission which is industry standard.
This is not USI which was a ponzi and everyone with half a brain knew that. This is a software company. You are buying software for what it can do. You buy a car for what it can do… must be a security. LOL! Get a life!
(Ozedit: If you wish to discuss other companies do it elsewhere)
What does that have to do with a 2 BTC cap on Crypto World Evolution trading accounts?
As far as securities litigation goes, it’s exactly that. “A return derived by the efforts of others” I believe is the terminology or thereabouts used.
That puts the money under control of the bot. Who’s running the bot? Crypto World Evolution.
You’re not making any decisions with regard to generating the ROI. Crypto World Evolution pool together all affiliate funds under control of a centralized bot they wholly control.
That’s a pooling of investor funds, which is then used to generate a passive ROI.
None of which actually generates the ROI. The ROI is generated by Crypto World Education passively.
Right, and as above it does.
WRONG! I control the bot. They do nothing but host the software. If you logic were true ClickFunnels would be a security. So would SalesForce and every other SaaS out on the market that can lead to profit.
It meets 1 out of 4 of the HOWEY test and I already told you SEC lost a case just like this with Silver Star Forex.
(Ozedit: Offtopic derail attempt removed)
No you’re not, you’re an affiliate. An affiliate with access to the compensation plan is an affiliate regardless of whether they recruit or not. (ref: Vemma, Herbalife).
An MLM company paying affiliates to recruit affiliates is a pyramid scheme.
Yawn, Crypto World Evolution is an enterprise you’ve invested in on the expectation of a passive ROI. It’s a security in different clothes.
(Ozedit: abuse removed)
I am indeed a customer. Yes I could promote it, but I am not. Many that use it in fact are not. They do not even have affiliate links for God sakes.
Does that sound like a company concerned about promoting and recruiting or one concerned about sales?
You’re all affiliates with access to commissions via the compensation plan. Everyone signs up the same.
The FTC already destroyed the “affiliates who don’t recruit are retail customers” argument in its Vemma and Herbalife litigation.
Without SEC registration and full disclosure it sounds like a scam attracting plenty of gullible investors.
But you don’t control the trades, which is ultimately what generates a passive ROI.
Crypto World Evolution control the trades, making them the provider of the passive ROI and therefore owner of the security.
Unless Silver Star Forex was an MLM company, couldn’t care less.
Feel free to explicitly quote where a US court ruled people using a trading bot coordinated by a central authority was exempt from securities registration, otherwise I’m marking anything further about Silver Star Forex as spam.
Silver Star Forex is indeed an MLM company. Go look it up… not hard to find.
CWE does NOT control the trades… I do. I choose the coins to trade and how much to trade with. My calls, not CWE. It simply automates my work load.
Under your logic MetaTrader 5 (Ozedit: MetaTrader 5 is not an MLM company, offtopic derail attempt removed)
Alright I’ve made some edits, that should better reflect the 2 BTC hard cap.
I did, nothing comes up.
I even ran a Pacer search for both “Silver Star Forex” and “Silverstarforex”, nothing came up there either.
You don’t execute any trades, the bot (Crypto World Evolution) does. They trade for you and generate a passive ROI.
If CWE shut down tomorrow the bot wouldn’t work, because they wouldn’t be able to run it. They entirely control the security and promote it through their MLM opportunity.
That requires registration with the SEC and appropriate disclosures.
And if you want to bring up MetaTrader, first of all it’s free and second of all it’s not an MLM company.
If he or she is referring to silverstarfx.com a.k.a. Silver Star Live, I do not see any SEC case either.
Do you have any clue as to how a cryptocurrency exchange works? From this statement you don’t. The exchanges that are available to trade with do around $9 Billion in trades daily and growing.
You just aren’t that intelligent when it comes to trading and your showing it with each message.
There is NO CAP on my trading account. The bot trades up to $10,000. I can trade my own money up to as much as I want. I can buy more licenses and trade up to $500,000 with bots if I want.
There is NO 2 BTC Cap on CWE trading accounts. There is no such thing as a CWE trading account. It’s a Binance Trading account or a Bittrex Trading Account. Maybe an Okex trading account or HitBTC if you prefer opening trading accounts on those exchanges.
I assumed you didn’t understand the Howey Test. Par for the course. And this next gem is how I’m sure.
That’s just more of your ignorance coming through. There is not “centralized bot” within cryptocurrency exchanges. Just like there is no “true stand-alone bot” you just make things up and then move on through the thread.
You get called out and ignore. Typical from you thus far.
Exchanges don’t allow what you would call a centralized bot. Meaning a bot that buys one coin all at the same time and then pushes the price up only to sell. It would be amazing returns if they would allow that but manual investors would get crushed and exchanges don’t allow bots that send the same trades in.
Those types of bots are used in forex some but with CWE by picking your own coins you want to trade, the centralized bots are no longer even feasible. Everyone would have to be in the exact same coins at the exact same time then the exchange would boot your bots out within minutes of flagging them.
(Ozedit: Offtopic rant removed)
What is and isn’t available doesn’t matter. Your trusting your money with a bot, fully controlled by Crypto World Evolution.
You have no idea what the bot is doing on the backend.
Trading through CWE bot = CWE trading account. The company is pushing money around irrespective of the name is on the account.
Nobody said there was. Crypto World Evolution’s bot however is centralized and entirely controlled by the company.
There are plenty of ways to pass off legitimate trading by showing you fudged numbers in your Crypto World Evolution affiliate backoffice.
Without required SEC registration and full disclosure, anything Crypto World Evolution show you in your backoffice is meaningless.
Think about it, why not take two seconds to register with the SEC and operate legally? Same reason USI-Tech and BitConnect didn’t want to register either.
I appreciate this website and the work you’re doing to protect people.
I’ve been vetting this company and I think you’ve got some things wrong about this one. They aren’t taking any bitcoin to do trading or promising any returns.
People buy one year software memberships to use the trading bot. It’s a $500 or $2000 purchase depending on how large of a trading account you want to trade with. The company also takes a small weekly fee which is paid on net profits that your bot generates.
With this company they are selling the software licenses that people use to trade their own accounts. This company doesn’t take bitcoin and use it to trade. Everyone maintains control of their own trading accounts and decides when, and how often, to use the trading bot.
This is the same as any other trading bot company, but they market it using MLM.
Also, you said,
It’s only controlled by the company in the way that the client decides. The client can turn it on or off at will. This operates the same way any other trading program or bot works.
Clients are in control of when the bot trades and how much they’re willing to risk.
Further, I would add that trading bots are used extensively by financial institutions and they are merely pieces of software and I’m not aware of any SEC regulation needed.
Many similar bots exist for retail traders that aren’t SEC registered.
I didn’t say they were. They’re offering a passive investment opportunity and that’s a security.
And I quote;
That’s from Crypto World Evolution themselves.
Controlling and performing trades are two different things. Ultimately Crypto World Evolution executes trades through the bot, which is entirely passive on the affiliate’s part.
Crypto World Evolution is an MLM company.
An MLM company offering passive ROIs through a bot they provide access to via their company website backoffice is a securities offering.
No they don’t. They put money into CWE.
If it’s just a membership, a user should be able to buy JUST the advice and I can decide whether s/he want to execute or not, or ability to follow them in trading “terminal” or platform or whatever.
This is something a legitimate trader like “metatrader” have, the ability to follow external signal sources and the ability to filter them and execute them.
If user needs to have the trading account with the signal company, and never sees the signals, they are in an INVESTMENT. There is no signal provider.
One only needs to see what CFTC charged a Mr. Patrick K McDonnell of “Coin Drop Market” last week to see what’s the worse case: the guy purportedly provided trading signals so people got 300% gain weekly with cryptocurrency.
When enough people deposited cryptocurrency with him, he closed the website and took all the deposited money.
Slight diff with how CWE operates, in that there’s no deposits other than the ongoing $2000 fee and trade fees.
I see every single trade real time in my Binance Exchange. I know exactly what it is doing.
That’s not how trading cryptocurrency works. The trading account is owned by Binance that I use. Some use Bittrex, Okex, HitBTC. The individuals have trading accounts on those exchanges. Stop misleading people and lying.
You said it was a centralized bot. You just said it again. It isn’t. You are a liar.
I didn’t just look at my friends CWE back office to decide what I wanted to do. I looked at his Exchange.
And even though they stressed there was a risk and no guarantees when trading cryptocurrency with their bots. I made the decision to purchase the software.
The SEC only requires that securities register. CWE doesn’t sell securities.
If you aren’t selling securities then you don’t register with the SEC. Howey Test already proves the bot isn’t a security.
So are you saying you are seeing the signals that are allegedly provided by the bot? And they *are* making you profit? Care to provide a few samples?
You have no idea who or what the bot is trading with. All you see is money in and out.
No it isn’t, why is why it’s imperative Crypto World Evolution register their securities offering and provide full disclosure.
Showing you some bullshit in your affiliate backoffice isn’t proof of legitimate trading taking place.
So says every cryptocurrency expert about their latest scheme… until a regulator sets them straight.
CWE offer affiliates a passive ROI derived from the efforts of others, that’s the definition of a security whether you choose to acknowledge it or not.
Nope. Destroyed any point you’ve attempted to make.
There isn’t a centralized bot within the exchanges. The centralized bot is owned by Crypto World Evolution. Herp derp?
Of course you did. You saw money going in and out and like any other dumbshit greedy investor jumped in.
We’re at the point now where you continue to throw up pseudo-compliance and howl about Crypto World Evolution not being a security, until a regulator issues a cease and desist for it being exactly that.
Then you can pretend you’re “shocked” and “had no idea”. Same song, different dancers.
Who the fuck is dropping $2000 on a wonder bot they don’t even know the owners of?
Dumbasses, dumbasses everywhere.
From what I’ve seen Crypto World Evolution provide a report in the backoffice that simply shows a trade number and profit/loss percentage. It doesn’t go into details.
Affiliates see money going in and out of their personal trading account and attribute it to legitimate trading.
What actually happens in between any of that is anyone’s guess.
Crypto World Evolution is run by persons unknown and provide investors with zero disclosure.
@Kasey,
There are 2 bots currently and 2 more coming in February. The Hybrid bots have us choose a coin and a purchase price then the bot will execute the sell.
They have recommendations every 15-20 minutes on coins that are available and you can always use your own strategy to choose coins.
The HPSI bot executes the buying and the selling. We choose a minimum of 15 coins we want the bot to trade and the amount we want the bot to trade.
I am very pleased with the results so far. I’m up overall and was up even more before we had the latest correction in the crypto market. Lots of folks got hit pretty hard!
The bots did not come out ahead during the down turn. They don’t trade the short side of crypto at all.
There are no guarantees obviously and I’m not able to show %s as it’s against policies and procedures of the company, but I would be happy do a screen share sometime and download every trade the bots have executed in my Binance account so you could review it.
I can also show you how to set up bots and choose coins. Again, no guarantees of ROI and there is certainly plenty of risk trading cryptocurrency whether you are doing it with a bot or on your own.
It takes learning as well since it’s not passive, like just sending your money in and letting them trade. We have to understand how to choose the coins and the amounts and set stop losses to set up our customized individual trading bot.
The official updated website for the U.S. launches in Feb. and it will be free to sign up and folks can certainly use the recommendations and education to trade for themselves at no cost.
Money never goes in and out. Stays in my exchange the entire time.
That’s why my friend shared his back office AND his binance account with me. It’s pretty simple.
The definition of a security is: “an instrument of investment in the form of a document (such as a stock certificate or bond) providing evidence of its ownership”
“The centralized bot is owned by Crypto World Evolution.” The bots are all customized by the user when they pick their coins and their amounts to invest. Can’t be Centralized if it’s customized. So sorry your lies are being exposed.
Money never goes in and out when a bot trades or when you manually trade. That’s not how it works in an exchange.
Here is the thing Oz. You don’t understand how cryptocurrency trading works. So you are coming across as foolish by acting like you do.
Then you’re not trading. A trade requires something of yours to be traded for something of someone else’s.
Right. And the exchange account simply mirrors what Crypto World Evolution are showing you in the backoffice.
You have absolutely no idea what they are doing with your money.
Instrument = Crypto World Evolution.
Investment = funds used to trade plus initial fee.
Document = passive ROI bot, which Crypto World Evolution wholly represent they own.
Money has to leave the account in exchange for money elsewhere (someone else’s account) or you’re not trading anything.
2018: The year 18-32 yo males decided reading the bitcoin Wikipedia entry makes them MLM cryptocurrency securities experts.
Who the fuck is dropping $2000 on a wonder bot they don’t even know the owners of?
Dumbasses, dumbasses everywhere.
Again showing ignorance. If I take my bitcoin and buy ethereum for myself that is in my account at all times. I made a trade. My own BTC for my own ETH.
Buying your own ethereum from yourself is not trading. What, you think your bought ethereum just materialized out of thin air?!
You traded it with someone (possibly even the exchange itself) for your bitcoin. That’s how a trade works.
Jesus Christ, the level of dumbassery… I just can’t. Spam-binned.
Best of luck with the unregistered securities offering.
Sorry, but you’re clueless. I’ve been trading forex for many years and there’s a difference between a signal service and a trading bot.
There have been trading bots like this for many years in the forex market and they’re the same as the trading bot software that CWE sells.
Nope, that’s only a very limited definition of what constitutes a security.
See what happens when you have no idea what you’re talking about and have to resort to using Mr Google ???
Sorry, but you don’t understand how it all works. There are ZERO ROI payments made to affiliates of CEW.
Affiliates use the software (trading bot) to trade on Binance and other exchanges. If the trades are successful then the affiliates receive bitcoin from Binance that they won on the trading exchange. CEW has nothing to do with paying those returns.
CEW doesn’t do any trading. Affiliates are in control of how they use the software. The bitcoin deposited in their trading accounts stays in their trading accounts and CEW never touches it. CEW couldn’t touch it if they wanted to.
What CEW is doing is no different than hundreds of different software companies over the years that have sold trading bots. They simply sell the bots using a network marketing model.
Where does this money come from ?
If people have NET PROFITABLE trades while using the software then they pay a small commission to the company and part of that commission is paid to the matrix.
This is calculated weekly. If no one is profitable then no commissions are paid to the company or matrix.
Seeing as you have no idea what the bot is doing because Crypto World Evolution have failed to provide investors with disclosure, you can’t definitively say that.
All you know is how you’ve been told it works.
Money goes in and out of your trading account and your Crypto World Evolution backoffice represents legitimate trades are going on.
Of course they do. They own the bot.
We’re not talking about software companies, we’re talking about an MLM company offering unregistered securities.
How is this billed?
How does CWE know the results of the trades? It’s connected with the trading exchange through an API. All the information about the trades is pulled from Binance and not the CWE software.
All of those legitimate trades are pulled from our Binance account and displayed on the CWE website in addition to the Binance website where the data originated from. Every single trade happens.
Now, I’m not even a customer of CWE. I know all of this because, unlike you, I have actually done my due diligence and learned about how the company operates.
Through their bot. How do you think they provide you with ROI information in your CWE backoffice?
Without appropriate disclosure of who is running CWE’s bot and how you cannot make any claims of legitimacy.
You only know what CWE represent to you in your backoffice. They could be doing anything with your money.
A cheap dev team could easily rig up a backoffice to look like trading corresponds to money being shuffled around between live accounts.
Unless you know who is running CWE, who owns the bot and have independently verified how it works on a software level, you’ve done fuck-all due diligence. Same as all the other schmucks.
I don’t think you understand. Binance is a very large trading exchange that the CWE bot interacts with through an API.
The bitcoin belonging to the customer and the trades the bot does for the customer all happen on Binance. There is no way that CWE can change the results of those trades that happen on the Binance exchange.
There is a complete record of those trades in the customer Binance account. A copy of that record is what you and I see displayed on the CWE website.
I don’t care what Binance is or isn’t. Whatever vehicle Crypto World Evolution use to offer securities is irrelevant.
The offering and promotion of an unregistered security in the US is illegal.
They don’t have to. They just have to shuffle money around and represent it as trades in your CWE backoffice.
Without the appropriate disclosures you have no idea what CWE’s anonymous owners are actually doing with your money.
And even if the trades are legit, CWE affiliates are still deriving a passive return via the efforts of others. This makes CWE’s $2000 Pro Miner positions a securities offering.
That’s on top of operating as a pyramid scheme by paying affiliates to recruit new affiliates.
Oz, CWE has zero control over the bitcoin in the trading accounts. They cannot make deposits or withdrawals that customers don’t approve.
They cannot falsify or misrepresent the trades that customers permit the bots to make.
False. They control the funds through their bot.
You cannot represent legitimate trades are being made without the appropriate disclosures. That’s all there is to it – so stop wasting both of our time by trying.
CWE can do whatever they want. The exchange is just a vehicle, CWE’s anonymous owners control both the bot and affiliate backoffice where trades are represented.
Let’s say in a few months CWE set the bot script to trade at a stupidly high amount they’ve set up to massively profit from on the other end, and then immediately shut the bot down and disappear after they’ve effectively cleaned out accounts. The fuck are you going to about it?
It’s far more probable CWE’s anonymous owners are scamming as opposed to the straight-forward process of registering a legitimate company with legitimate business operations with the SEC and operating legitimately in the US.
And you haven’t answered how trade fees are paid?
Which is why ponzi owners are invariably charged with “fraud” among other things.
Fraud, as in, what they say they’re doing is not what they really are doing.
What they make the software look like it’s doing, isn’t what it is doing.
There’s no shame if you don’t understand how modern day ‘net based fraud works, it will only take a few minutes with Mr Google to boost your understanding.
How many times do I have to repeat myself? All the data showing completed and in progress trades comes from the Binance exchange. Those trades are 100% verified.
All that data displayed on the CWE website about the trades is pulled via the API from Binance. Any customer can simply log in to their Binance account and see the same trade record.
I’m dying of laughter here because I can’t believe the stupid things I’m reading from you and others.
How many times do I have to repeat myself? You can’t represent what CWE’s bot is or isn’t doing or what they’re showing you in the backoffice is legit without the appropriate disclosures.
You have no idea what’s going on through the back-end.
Nobody’s saying the trades aren’t verified, just that you have no way of proving the movement of money is what CWE represents it is (legit crypto trading).
Again you have no idea where CWE pull the data. Their bot could be doing anything and they can get a dev team to show you whatever’s convenient in your backoffice.
There’s nothing funny about financial fraud, even if you don’t have any skin in the game.
Fact remains a legitimate passive investment company would have registered itself with the SEC in order to operate legally in the US.
Shady schemes like Crypto World Evolution don’t because they’ve got something to hide.
Same old MLM forex bot scam in different wrapping, same “trading experts” falling for it.
Anyway I’m tired of going round in circles. Feel free to provide evidence of an SEC registration with appropriate disclosure proving CWE are doing what they say they are. Otherwise we’re done here.
Here’s a fun video of Mike Hobbs, Justin Verrengia and Vitaliy Dubinin giving their subscribers (suckers) an “insiders” look at Crypto World Evolution.
They needed a new program since USI-Tech just crashed. youtube.com/watch?v=W5JmFvWMhbg.
Gotta love how when their main Ponzi crashes they play it chill.
“Yo I totally wasn’t looking for my next hit… but then I was walking down the street and a pidgeon took a crap in my hair.
When I reached up there was this rolled up bit of paper with a URL inside… OMG GUYS!”
Who are the idiots that keep falling for this garbage?
one of the owners of CWE is allegedly Tomas Perez-Quevedo.
this is a video about him being interviewed about CWE:
youtube.com/watch?v=DD3hAvoXuUg&feature=youtu.be
Tomas Perez-Quevedo was previously involved with the ponzi/pyramid schemes zhunrise and airbit club [and maybe others].
videos and photos relating to his promotion of these two ponzis seem to have been removed from the net, but i found this proof of him promoting zhunrize:
plus.google.com/104114968979394696852/posts/64TZAPZPpsW
regarding airbit a commentator here on behindmlm had posted this under the airbitclub review:
this^ photo is not available to public view anymore.
CWE is registered in belize.
yup, that offshore scam haven belize, where scammers run to for safety from real regulators.
companysearch.bz/public_search/
so, we have a career ponzi scammer running a shady ROI paying scheme from belize.
hmmm, nothing suss at all!
No of course not. Herp derp BUT OZ THEY CAN’T TUCH MUH COINS!
My brain hurts from reading Oz repeatedly answer out of ignorance.
TRADES HAPPEN IN THE EXCHANGE ACCOUNT. CWE can attempt to fudge numbers in the back office all they want but the reality is EVERYTHING IS VISIBLE AND TRANSPARENT IN THE USERS EXCHANGE ACCOUNT.
You don’t have to be a genius to see that what CWE said the trading bot did is ACTUALLY WHAT THE TRADING BOT DID when you compare your exchange trade history SIDE BY SIDE.
(Ozedit: Offtopic derail attempts removed)
Yes but you have no idea what the “trading bot” is actually doing.
CWE is not registered to offer securities in the US, nor does the company provide adequate disclosures about their trading bot to investors.
You have no idea what the trading bot is doing. All you see is money going in and out of your trading account, which syncs with your CWE backoffice.
Without adequate disclosures regarding their purported bot, for all you know CWE are just shuffling money around accounts they control through “the bot”.
Just heard about this CWE so thought I’d look around and have followed this thread to here – just as a FYI I have been involved in trading forex for over 15 years. No interested at all in any of the commission payments for selling the BOT to to others -to each his own.
In that time I have purchased and used automated trading bots – all were updated by the developers to adjust for market conditions however I was the one who controlled how or if the bot traded on my own account held at a separate brokerage
It would seem that CWE offer the same but dedicated to trading cryptocurrencies
Indeed most institutional trading now occurs via trading algorithms (aka bots) to the extent that many trading desks where the traders actually sat and traded either the banks money or customers have been reduced massively
There appears to be a misundertanding of how an automated trading program/bot operates so lets see if we can break it down
– BOT is developed
– BOT is sold/leased to a customer interested in using it
– The customer who has purchased/leased the BOT then connects it to their own separate and independent trading account held with a brokerage
– The developers of the BOT are not related and have no control over said account held with the brokerage by the customer that has purchased or leased the BOT they developed
– The customer then sets up the BOT parameters independently to suit their own specific capitalization margin and risk management style.
NOTE: The developers may have included limitations on the BOT’s risk management by capping the maximum exposure (open trades vs available margin) on the account it is connected to
– The BOT trades and any P/L (not guaranteed and dependent on market conditions, risk profile, bot parameters set up by the customer) is reflected on the customer account held with the brokerage and is solely controlled by the customer himself who is always free to do as they wish including turning the BOT off.
The 2 BTC trading cap referenced for CWE is simply the BOT being programmed to not allow an overall exposure of open trades to be more than 2 BTC regardless of the balance held in the account itself.
Even if a customer had a balance that could allow an overall exposure of 20 BTC the trading BOT will not allow that to happen. Thus less risk exposure.
As to the results of trading in the exchange (akin to the brokearage account mentioned previously) being visible on the CWE website – nothing misterious about that at all – they simply pull the numbers from the exchange via an API – in the same way services like Myfxbook et al do to allow independent verification of what goes on in a trading account.
Finally – the only automated BOTS I have ever known to truly work over time are owned and developed by the financial institutions (aka HFT) and cost millions and more to develop and maintain using state of the art connectivity and technology infrastructure and no – no licensing etc is required by law to develop and sell or lease an automated trading software/bot for use by third parties.
Crypto World Evolution affiliates certainly don’t own the bot. CWE own the bot and so the passive ROI (security) is provided through them.
Without adeqaute disclosures provided in registration with securities regulators, you have no idea what the bot is doing. All you know is what the bot says it’s moving in and out of your account, purportedly through trades, matches what’s going in and out of your trading account.
No disclosure means CWE can program the bot to do whatever they want at any time with any of the accounts attached to the bot. That doesn’t fly in MLM.
So are you getting signals and you decide to follow them, or is a bot actually executing trades on your behalf, i.e. “full automatic”?
The former is just advice. The latter gets into murky waters between broker, securities, and all that.
@Oz
Notice I said purchased/leased. There is no “security/roi’ provided but a Profit or Loss (that cannot be prequantified) as a result of the trades placed by the bot.
– The developers of the BOT are not related and have no control over said account held with the brokerage
This highlights your lack of knowledge on the specific subject I am afraid. The mere fact that the account the BOT is connected may show a Profit or Loss confirms the bot is working. It cannot ever add or withdraw money (move in our out) any account it is connected to. The trade will simply be closed at a profit or a loss.
To explain further – (numbers just for illustration)
the BOT enters a BUY (UP/LONG) order at 1.2000 for BTC at the given size/risk exposure set by the customer
Price reaches 1.3000 – bot closes trade for a profit of X (difference between 1.2000 and 1.3000 for the trade size used) that profit will be reflected in the customer account exchange account being used
Conversely – price corrects and heads down – the BOT then closes that trade based on the either the risk or margin parameters set previously – the related customer account on the exchange will reflect a loss
No disclosure means CWE can program the bot to do whatever they want at any time with any of the accounts attached to the bot. That doesn’t fly in MLM
You are conflating 2 separate industries – yes the programmers can affect the bot parameters if they choose however that is irrelevant as
a) should that change ultimately reflect in trading losses, the programmers won’t stand to gain anything as i) those losses wouldn’t be paid to them directly ii) customers will stop using (or promoting) the BOT and their income will dry up.
Again – there is no SEC regulation or disclosure requirement tied to how a BOT is programmed – indeed that would come under proprietary information in the same manner others are protected fro divulging proprietary data or information (think coca cola’s formula).
Nobody in CWE is handing money over on the expectation of a loss.
The expectation is of profit, delivered passively. That’s a securities offering on CWE’s behalf.
It highlights gullibility and nothing more.
Without adequate disclosures, you know nothing about what the bot is doing. Trading has to happen with another party, and without adequate disclosure you have no idea who or what CWE’s bot is trading with.
What’s stopping the programmers from coding the bot to perform rigged trades that benefit CWE?
MLM company offering passive ROI = securities offering. To offer securities in the US an MLM company must be registered with the SEC.
Waffling on about non-MLM comparisons (Coca-Cola do not offer securities) is pointless.
There was no question of “proprietary information” with the recent USI-Tech and BitConnect cease and desists.
Both companies were called out for not disclosing the particulars of ROI generation through bots. The same applies to CWE’s bot.
With adequate disclosures and securities registration I have no issue at all with a cryptocurrency trading bot.
Ask yourself why CWE have no registered their securities offering. It makes no sense if they wish to operate legally.
Another question to ask is why people are hell-bent on defending securities fraud.
something along these lines…
Had a look around at USI and Bitconnect you refer to – if my understanding is correct – money was sent to them in exchange for a guaranteed return over a given time period.
The money sits on their accounts (if they exist) and allegedly traded…..this is not the case for what I can see with CWE where a BOT a leased to trade ones account without any indication of guaranteed returns.
That’s all very well, but without adequate disclosures you cannot represent or claim CWE’s bot trades legitimately. See the problem yet?\
Disclosures in a securities regulation filing include who developed the bot, who runs the bot and explicitly what it does.
If everything was indeed above board at CWE SEC registration and the appropriate disclosures would be trivial.
Yet here we are.
Simply because selling or leasing a trading BOT is not a securities offering.
You may not like it – but it’s the truth.
USI-Tech yes (140%), BitConnect no.
Where the money sat was never an issue (you can read both cease and desists).
The problem was both USI-Tech and BitConnect offered unregistered securities to US residents without adequate disclosures about their purported bots. The bots were signficant because both companies represented their use to generate ROI revenue.
CWE do the same.
Define legitimately as it related to trading please?
The mere fact positions are opened and closed on a separate account to which the BOT is connected to indicates that legitimate trading is taking place – and yes even if such trading would result in a loss.
Offering passive ROIs through an MLM opportunity is a security. What the bot is or isn’t is irrelevant.
CWE have to register their securities offering, which involves generating a passive ROI (purportedly) through the bot. Claiming the bot in and of itself is a securities offering is disingenuous.
That the bot is trading in the manner represented by CWE.
Numbers matching on a private account and the CWE backoffice mean nothing without adequate disclosure.
No it doesn’t. It just means money in and out of the account syncs up with the CWE backoffice.
You’re far too willing to give the persons unknown running CWE the benefit of the doubt. Classic due-diligence rookie mistake.
Ah – now I start to see where you are coming from – USI and Bitconnect indicated they were using trading bots to trade the money that was sent to them (beyond the guaranteed returns etc).
In that instance – yes – I too would want to see evidence of a bot actually placing trades but with CWE that is moot – because based on the information provided – it is the customer themseves that connects the bot to their own separate account and who can clearly verify if trading is taking place – again, be it that it may result in a profit or loss on said account.
What you want to see is irrelevant. The securities offering is there in USI-Tech, BitConnect and CWE.
You cannot offer a passive ROI to affiliates in an MLM company under any circumstances without registering your securities offering with the SEC.
There’s no “oh but we generate a passive roi with the customer’s account” pseudo-compliance exemption. A securities offering is a securities offering.
Lost you – what disclosure when all that is required is an API to pull the numbers from the exchange (which are most definitely legitimate) and reproject them onto the other website. Anyone with a bot can indepentently confirm the accuracy of that information as they can see it natively on their exchange accounts
The mere fact positions are opened and closed on a separate account to which the BOT is connected to indicates that legitimate trading is taking place
You have things back to front I fear – any numbers on the CWE backoffice CANNOT exist if those results and numbers to do not already exist on the exchange account the API is connected to.
The CWE backoffice would be a external reporting/monitoring tool – in the same way services like myfxbook offer to monitor trading activities on accounts that are connected to it
I just happen to know what I am talking about when it comes to trading and using automated trading systems. API and monitoring having used them for years.
You cannot offer a passive ROI to affiliates in an MLM company under any circumstances without registering your securities offering with the SEC.
Where is the passive ROI offering in CWE?
and just to reiterate – don’t care about CWE specifically.
we could substitute that with ACME – what I am trying to clarify is the reality behind the use of trading bots.
Disclosure that the bot is doing what CWE claims it is.
Numbers matching up on a private account and the CWE backoffice is not enough to assume so. Not when there’s an attached MLM opportunity run by persons unknown and no SEC registration.
Nope. Bot could be doing anything on the backend. You cannot represent it’s trading legitimately without adequate disclosure.
CWE can make up any numbers and show you whatever they want. Without adequate disclosure you have no idea what the anonymous CWE owners are doing.
So do I. Note I’m not arguing with you about automated trading systems, APIs or monitoring.
Funny how you don’t offer the same courtesy with respect to regulation of an MLM securities offering.
Pro Miner positions costing $2000. Invest and then make your money back and then some through “bot trading”.
If you wish to talk about other companies do it elsewhere.
Which you can’t without regulatory filings and adequate disclosure.
CWE don’t even disclose who owns and runs the company. Think about it.
Selling or leasing automated trading bots is not a Security Offering – regardless if the BOT actually worked and posted a positive P/L/ over time that would cover the initial cost of the BOT itself. Period.
As to the disclosures about the company owners etc – I see the validity of that concern however everyone needs to be responsible for how they choose to spend their money and or lose it.
Guys, guys, you two are arguing over semantics.
Here’s a much simpler question.
Does the bot actually exist? CAN you watch its recommendations to you, live? Can you execute its recommendations manually and achieve the same results?
If one cannot get the recommendations directly, and/or able to achieve the same results by doing the recommendations manually, there is obviously the possibility that we’re getting a Madoff-style deception Ponzi scheme.
Madoff was known to have generated bogus transactions (but realistic) to fob off his victims and justify his “returns”.
All this blab about whether SEC has jurisdiction or not… actually depends on this heavily. YTE and JD believe there is a bot. The question here is, can any one PROVE it?
Yeah, that’s not how regulation works.
Kasey Chang – your argument is flawed unfortunately.
Where the customer account, held separately with an independent exchange, reflects trading activity taking place then, actual trades were placed and exist (not possible for that to be faked) – against a Madoff style situation where people sent money to him and then trusted what he indicated had happened.
If the trades exist and are recorded the same results would have occurred had they been placed manually – once a trade is recorded, its outcome would not change had it been executed manually or not – provided the time of the trade allowed for a manual trade to be entered.
To clarify – institutional trading now relies heavily on HFT (High Frequency Trading) where a human would not be able to execute the amount of trades the HFT algorithm places in the system at the speed they occur. However if it were possible for a human to do so – the end result would be the same.
@Oz – provided I understood your last reply – please enlighten us with the regulation or statute indicating the development sale or lease of automated trading systems (Ozedit: Snip, see below.)
Yeah, I’m not playing “move the goalposts”.
The issue with CWE is the offering of a security by an MLM company. If you want to talk about “automated trading system” regulation do it elsewhere.
There’s plenty of information on the SEC’s website about MLM securities regulation. And the legal document backing it up is the Securities and Exchange Act. Been around since 1933, perhaps you’ve heard of it.
and btw – the 2k paid in is for the annual license – only for use of the bot.
The person then needs to make sure there is adequate trading capital in their own account held at the exchange for the BOT to trade – this is where any P/L is from – the 2K is unrelated
Within the context of an MLM opportunity, which is what CWE is, it’s $2000 in on the expectation of an advertised guaranteed passive ROI:
Nobody is handing over $2000 on the expectation they’ll lose money. Not with CWE guaranteeing “significant earnings”.
The problem is T$ said a while back these bots only give recommendation 3-4 times an hour.
So your blab about HFT is completely off-topic and irrelevant.
Kasey Chang – was using an example – should not have been too hard to pick up – if the bots are giving stuff 3 or 4 times an hour then if one is monitoring the account to see which positions are opened or close they could follow along and get the same results by doing them manually.
and my question is directly related to where and how is that security being offered.
Selling or leasing an automated trading system that may work and actually post a net positive P/L over time beyond its cost – (locally executed or delivered as a SaaS) does not constitute a security offering.
People are paying 2000 for the bots annual license – with the expectation the BOT will post good trades on their exchange accounts and as a result bring a profit for them of course – (in the same way we buy any product or service with the expectation it fulfills our intended result)- the rest is just marketing imo – PROVIDED there is an adequate risk disclosure present and visible on the website itself prior to the purchase of the license.
If no disclosure is there – then I agree that marketing wording should be amended.
LOL. Why do these scams make it so difficult to actually see what they offer? (rhetorical question 🙂 )
So I go to cryptoworldevolution.trade and what do I get? An incomplete website with dummy text when you click the “learn more” buttons and just a bunch of buzzword doublespeak.
That’s like identifying a Ponzi scheme and then asking questions about what banking channels are being used. As far as due-diligence goes the issue is CWE offering unregistered securities.
How they do it is ultimately irrelevant, or at the very least a conversation to be had after acknowledgement of the unregistered securities offering.
because CWE are telling them they’ll make it back and then some via “automated consistent, significant 24/7 earnings”.
With respect to CWE being an MLM opportunity, that’s a readily identifiable securities offering. You can’t “marketing” your way out of offering unregistered securities.
I have the CWE bot. It conducts trades within Binance. The bot does not allow money to be withdrawn from Binance.
I’ve made $2,500 just in trades alone in January (confirmed in Binance). Has nothing to do with the backoffice. I’ve made my investment back + $500 even with the market being down.
The back office is a display to count how much your earnings have been, but they do not touch your money.
As others said, you pay for the license and they let you use the bot. There is also a button on the backoffice to sell instantly. Once you press the button, the sale goes through on Binance. This is confirmed.
I also have other trading bots not affiliated with CWE and they do the same thing. The CWE trades in automatic, the other ones you have to tinker and know programming language.
It doesn’t need to. CWE controls the money and you have no idea who is being traded with.
You put in $2000 and made $2500. If that continues by mid-year you’ll have made a ROI of $10,500.
What did you pump into the bot?
And that didn’t strike you as odd?
After it’s been traded, sure. The issue is you have no idea how the bot works or who it’s trading with.
There’s nothing stopping CWE from rigging the trades in their favor. By the time affiliates realized it’d be too late.
So… not the same thing. One is a passive securities offering you bought into for $2000, the others are irrelevant.
And that doesn’t strike you as odd?
What trades *had* it made? Or is it more of a “don’t know, don’t care” / “out of sight, out of mind” mentality?
A lot of people blah about signals and trades, but so far, few of you can show what it did.
How did the extra money appear? Let make it really simple.
CWE does not control the money. The money is in Binance at all times. The API allows the bot to read and trade but not withdraw. The way it trades is margin trading.
They also have the “hybrid” version which you control manually. You can stop the bot at any time within binance or within their platform. The $2,000 is for the license.
They also have a $500 license which you can use to trade with up to 2.5k USD (or whatever amount in BTC). you can also upgrade to the 2k license once you see the profits in your binance if you want.
Hell you can even buy the $500 license, make 2k, upgrade, and go from there.
My accountant also has the bot and is trading with 4 BTC, and has withdrawn 15k in profit already (to his bank) with the bot.
This is money that is not staying in either Binance or CWE, simply being generated in Binance through trading and then withdrawn manually by him to Gemini then to his bank account. All within january.
I am trading with approximately .5 BTC to generate that income. It does not strike me as odd, considering my strategy is to place the coins I want the bot to trade and I select those coins based on how close they are to the 24HR low.
It uses the market fluctuations to go up. When the market is bullish, it makes around 2k in 10 days. When the market is bearish it makes around 1/2 or 1/4 of that, which I’m fine with.
You could argue that they could send a command to stop all the trade and buy whatever they want you to buy (which it doesn’t) but that wouldn’t make any sense, considering they charge you 20% of your profits every week. (so if you made 2k, send them 400 and you keep the 1600.
That’s not a bad deal, and allows for continuation in perpetuity.
This pays for company expenses (they have a team of engineers in Spain) and their lawyers are in LA.
They don’t have this public on the website, but then again, I’m a business owner and I don’t publicize where my lawyers or my customer support staff are located.
Should they advertise their management board and perfect the info on their website? Yes, they should. I have spoken to them about this and they are in the process of working on that info.
I do have an idea who the bot is trading with. The bot strictly trades within binance in the open market. It doesn’t buy from any specific wallets. Uses Binance coin as payment for the trading fees. There is no rigging any trades in anyone’s favor, only what the market dictates.
The other bots and this are relevant because they perform the same way. The only thing added is that CWE offers you their matrix, which you do not have to use if you don’t want to.
You don’t have to refer anyone. You don’t have to add anyone to the program. You don’t have to sell licenses.
You can just trade with the bot and not interact with the matrix whatsover, always remembering to pay 20% of your profits every week. I know several people who use the bot this way without issue.
If you want a list of trades I could download my entire Binance history which has hundreds of pages of these trades taking place.
Everything happens within Binance. The money profited from trades stays inside of Binance or Bittrex or whatever other exchange you want to use.
The BTC I use to trade with is in Binance. $2,000/$500 is what the bot costs.
I should add that the upside to this thing is that you don’t have to know programming language in order to run an automatic bot.
There are plenty of bots who work the same way conducting trades within binance. The “added feature” with CWE is their matrix where you yourself can sell other licenses.
This product is geared for people who have no clue how to use automatic trading bots.
So how the trading works…
Buys ETH at 120000 satoshis. ETH goes up to 130000. Sells at this. Profit is 10000. That profit stays within Binance. Simple.
The bot controls the money. CWE controls the bot. CWE controls the money.
Without adequate disclosures through regulatory registration you have no idea how the bot works. All you see are numbers in your CWE backoffice that correspond with your trading account.
Again, without registering their securities offering and the appropriate disclosures, you have no idea what does and doesn’t make sense to CWE’s anonymous owners.
This is not as simple as “lulz I’m making money so who cares”. Regulation doesn’t work like that.
Until CWE register with the SEC and provide disclosures with respect to company ownership and their bot, they are operating illegally in the US.
Not true. I tell what coins to buy and I activate it for when to buy. Have a nice day man.
Best of luck with the illegal unregistered securities.
This reminds me of the fantasy shares markets 17 years back.
There is no BOT its just an API to their excel spread sheet/hyip.
C
OZ. Wow, just WOW! How you don’t understand how CWE’s trading bot works is just mind blowing.
I can’t believe I wasted my time reading this thinking eventually you would get it.
You have no idea how the bot works without regulatory registration and adequate disclosures from Crypto World Evolution.
“How the bot works” is a strawman. CWE offer a $2000 a pop securities offering and are not registered to offer securities in the US.
As far as Crypto World Evolution goes, MLM due-diligence begins and ends there.
you’re only here to defend it because it IS a scam. nothing more.
1.The bot controls (Ozedit: Snip, as stated you have no idea how the bot works without appropriate disclosures.)
Sick of repeating myself. If you aren’t going to acknowledge the unregistered securities offering stop wasting my time.
Passive ROI in MLM = securities offering.
And stop pretending you know how the bot works. Unless you’re running Crypto World Evolution the short of it is you have no idea what they’re doing.
(Ozedit: Offtopic derail attempt removed)
A user has NO NEED to know specifically HOW a BOT chooses and manages the trades so long as they are SATISFIED – if they are NOT satisfied they will then STOP USING IT to TRADE their MONEY on their SEPARATE account held with an exchange.
There is NO DISCLOSURE OR REGULATION REQUIREMENT FOR BOT DEVELOPERS.
False. Ref: BitConnect, BitConnect example 2, R2B Coin and DavorCoin.
You can look at the cease and desist and each of those cases and see not disclosing how the bot works to investors was cited as intentional fraud, in addition to the offering of unregistered securities.
Crypto World Evolution has a bot and like the above companies offers unregistered securities to US residents.
Feel free to show where in the Securities and Exchange Act “bots” are exempt from federal securities law. Otherwise we’re done here.
Umm, yeah I checked that one out. If I go into my Binance account, I can clearly see evidence of trading.
The binary commissions and direct sale commissions are obviously paid thru the pyramid model. But trade earnings are in my Binance account and are “untouchable” by the company in practice. (API will not allow a withdraw)
The matrix pay is questionable. The company invoices you for 20% of your weekly trading profits, which is paid up thru the matrix. If negative you pay nothing that week. If positive, you owe 20% of the profit. You then have 7 days to submit the payment, or your trading bots are shut off until the payment is made.
Can it be a security if there is no pooling of money? Howey test requires the pooling of money. In this case no funds are sent to CWE for the purpose of trading. Funds sent to CWE are for the software license, and obviously to pay out commissions.
**This is not a vouch for the company. Owners are a mystery to me. “I’m told” the owner is a guy named Tomas Perez (never talked to him yet, please dig dirt), and that the new website will have this full disclosure on it. The current website is absolute shit.
Which may or may not have anything to do with CWE… all you know is what you see matches what CWE show you in your back office.
They represent this as trades taking place, but without adequate disclosure all you see is money going in and out.
Again, without adequate disclosure you have no idea what CWE’s bot is capable of.
CWE control a lot of pooled money through their bot.
So they say, but you can’t know for sure without adequate disclosure.
I would say I’m amazed at the level of trust people are willing to give persons unknown with their money to do who knows what, but I’ve been tracking MLM fraud for too many years.
Negative. I can see purchase and sale history of BTC/alt coin pairings within my Binance account. There is no money going in, and there is no money coming out of my Binance account. Trading history is not the same as deposit and withdraw history. The bot can not make deposits or withdraws. It can only perform trading operations. And they can’t fake trading operations on a 3rd party system they have no access to. CWE admins can’t just hack into the Binance servers an make a bunch of fake trades in there…
(Your statement leads me to believe that you don’t know what Binance is…)
Do you know how API access works? If no, please retract that statement. If yes, then please clarify how their bot would be able to withdraw my funds with the API key is restricted from the Withdraw function.
I may not trust CWE, or make any claim to know exactly how the bot works, but I do trust the functionality of Binance. As a programmer myself I’m well experienced with API utilization for all sorts of different services. You don’t need to see CWE’s source code to know that Binance’s API system will not allow withdraws, therefore it will also not allow withdraws initiated by the CWE bot.
I do see the point about controlling a pool of money. But the funds are not held by CWE at any time. Definitely leaves them open to orchestrating P&D though. So not sure how that would play out against the Howey test. Not a legal professional, but sure curious.
If I never sent them money to trade with, then they have none of my money to trade with. Simple…
No claims I have made are based on anything I have been told by CWE, by their website, or by my so called sponsors in CWE. The claims I have made have been solely on the technical operations of Binance and logic. Again this is not a vouch for the company, and you should do your own due diligence.
If I gave you my money for a product, I could care less what you do with that money after I get my product. I just care that I received my product and it works. The money I gave you has nothing to do with weather or not the product works. Buy a bunch of cocaine and snort it all if you want.. it’s not my money anymore.
Awesome. But who are you trading with? For the 919580298520985th time you have no idea what the bot is doing.
Set up a bullshit trade in CWE’s favor and execute.
You can’t make that claim because you have no idea what CWE do with your money.
Awesome, but that’s not how regulation works.
I’ll make this simple for you: Either provide where in the Securities and Exchange Act it states passive returns derived via trading bots are exempt from federal securities laws or stop making excuses for anonymous scammers.
If CWE was legit they’d have no problem with full disclosure and operating legally in the US.
Thousands of other traders. That is how a trading exchange works. It’s no different weather I make a trade in my Binance account, or a bot makes a trade thru my account by way of API access. You are trading on a market exchange, the other party to the exchange is never known.
Yeah that’s the only concern I have about the ethics. P&D setup potential. Other concern would be ineffectiveness of the algorithm once too make people are using it.
Agree whole heartedly,
Without adequate disclosure you don’t know how the bot works. Round and round we go.
Well so far we have:
-a company that fails to disclose who owns or runs it and
-illegal pyramid scheme recruitment commissions
BUT HAY GUYS MY UPLINE SEZ THE BOT IS LEGIT. Ethics++
Oz…you are really disappointing me. I really enjoyed your Usi-Tech stuff.
Its clear that you are not familiar with exchanges and API access. Whats worse is that you can not admit to yourself that you are wrong. Its an ugly trait.
You have confused trading capital with affiliate commissions as well. I thought you were the best ponzi critic on the web. You are way off base with CWE. Exchange bots with referral commisions are perfectly legal.
We all have flaws Oz but you are making a fool of yourself on this. Stick to ponzi bashing.
Yeah, everybody loves BehindMLM… until we review your company.
Nobody said they weren’t. MLM companies offering unregistered securities are however illegal.
Feel free to show me where in US federal law there’s an securities exemption for an MLM opportunity deriving passive returns through an alleged automated trade bot they haven’t disclosed anything about to investors.
Everybody congrats Oz… Until Oz points out THEIR scheme may be illegal. Schadenfraude much? 😉
Unlike most, I actually do understand API trading, signal subscription, and so on.
The question here is, is CWE actually doing the trades, and not just trading with its own shill accounts to create the illusion of trading profits for the users? The anonymity of cryptotrade makes determining this quite difficult without NSA-level access to the backend.
Furthermore, paying referral commission on membership/subscription is skirting danger as it smacks of pyramid scheme (not Ponzi scheme).
I think the problem with the CWE supporters so far is they are treating critics, such as Oz, as “you just don’t get it”, which is the SAME THING “scammers and shills and sheeple” say to their critics. And Oz, obviously is going to give the same response “No, you don’t get it.”
But that goes back to the same question… How *are* you realizing your gains? Obviously, the idea is you hold some of A, some of B, you sell some of A, buy some of B, and vice versa… and hopefully, at the end of the day, you end up with a little more of A and B than you start. Right? It’s more day-trading than pick-and-hold. (I’m doing “for dummies” version here)
So, who’s brave enough to give some generic results, like “I hold X ETH, on day D, CWE bot made Y trades on ETH, and I gained Z ETH by end of day D”? Heck, give some blockchain info so we can see it, if you want.
Oz I dont own or use CWE.
Oz its legal to trade crypto on an exchange manually and its legal to exchange coins on an exchange with a bot.
Cool. But it’s not legal for an MLM company to offer unregistered securities.
Herpderpherpderp.
Kasey…you still dont understand. btw way bots lose money sometimes but most times thay make good returns.
Oz,what security? the software itself or paying commissions on software sales?
No need to insult me…
Neither. Crypto World Evolution’s security offering is the passive ROI affiliates are forking over $2000 for.
The commission paid out is however pyramid fraud (no retail).
I give a lot of credit for the coordinated effort that the pyramid schemers of this unregistered security are using in trying to get a little good press.
Feel free to screen shot your back office for confirmation of trading success and black out your names so that no one can confirm you are the same people trying to get commissions for your 2k pyramid scheme fake bot.
I hear James Lockett ala USITECH is now pushing this lol. Jokers, they’re all a bunch of jokers.
Legit Questions.
How can they be offering a security when (Ozedit: Snip, because CWE affiliates are paying $2000 on the promise of a passive ROI. Strawman arguments already addressed in the comments above removed.)
How an unregistered security is dressed up is irrelevant. MLM + passive ROI = security.
@Oz
So, lets see if I got this correctly.
A perfectly legal trading bot, which is sold/licensed by XYZ directly to the customer, becomes a security if it’s sold by XYZ using an MLM compensation plan?
Correct?
No.
People pumping $2000 into CWE, an MLM opportunity, on the expectation of a passive ROI is a security. Not withstanding disclosure violations which were clarified as intentional fraud in the recent BitConnect and USI-Tech cease and desists.
Before you start crapping on about “but I’z controls the money!”, how the ROI is derived is irrelevant. Only that it is passive matters.
Recruitment commissions on top of that make CWE a pyramid scheme too.
Just let the lose their money. If after bitconnect and usi tech they can’t tell a Ponzi from a real business, they deserve to be the victims of fraud…
Well it is not illegal to sell trading software to customers via MLM then. You have answered that. Thanks! (That is exactly what they do).
Nothing passive about it. Neither any expectations.
Crypto edit : this is not like bitconnect or usi tech.
Except that’s not what CWE sell. CWE sell a ROI, affiliate’s don’t actually purchase a trading bot.
Otherwise they’d be able to disclose exactly how it works and who developed it.
Here’s how CWE themselves market their MLM opportunity:
And of course there’s an expectation of passive profit. Nobody is dropping $2000+ (tri-positions or whatever they’re calling them lol) on the expectation of a loss.
What amazes me is why they are even doing the MLM thing in the first place.. Supposedly this bot produced 82% percent winners in January alone amongst their 1.2 million trades (all traders).
So my question then becomes how much comission is passed through the people above when someone spends the 500 and 2000. Which oh by the way are ANNUAL fees….
I can only think that maybe the software is not producing such results… and that is why the MLM side..
However, I have personally seen results on peoples trading accounts (about 4 now) and they in fact had the returns in Janauray.. which was also a very volatile month… They did only earn about a 1% profit per day compared to 95% average in 2017 PER MONTH…but that is still good.
Why not just sell the bot like other LEGAL services do and forget the part that gets you arrested and in Authorities HAIR?????
OZ… my understanding is that CWE affiliates are purchasing a BOT that they then LINK directly into their own account which CWE has nothing to do with (outside of providing the information like API codes to connect the Bot). if the bot looses… that is on them.. If it wins..same..
Is this not true. Then I truly dont understand it… Geez…
They don’t receive a copy of the bot. Only access to a passive ROI, purportedly derived by a bot.
Nobody actually knows if a bot exists because CWE illegally fail to offer the appropriate disclosures (refer to the BitConnect and USI-Tech cease and desists).
1% a day… that magic MLM Ponzi number. Nothing suss.
So when I am looking at someone’s trading account on Binance lets say and I see trades being opened and closed…is this not the BOT making trades. That is what I was told?? How are they able to get into somones account constantly trade profits like I saw??
Signed,
Even More Confused…
P.S. I have subscribed to many Bots in the past (not crypto) and all of them basically faild or became cost prohibitive to continue so I understand attaching trading software to a trading account….
Yep.. I agree with the 1%… whats better is that this is their LOW and BAD amount…LOLOLO
You see money going in and out of the account, you have no idea what the bot is doing.
It could quite easily just be shuffling money between accounts it has control over.
They claim this is trading but without adequate disclosures nobody can claim that with any certainty.
Failing to provide investors with disclosure was a key component of the USI-Tech, BitConnect and DavorCoin cease and desists.
That is not true. I see OPEN trades.. I see trades that have been opened and closed… Unless I am looking at another product.. They bot takes a percentage of the availabe funds and uses this amount to open and close trades….
Very strange…
Yeah but you don’t know who the bot is trading with. Who is on the other end? Another CWE investor? A CWE corporate account?
You just see money going in and out of the account. Failure to disclose particulars of the bot to investors is on top of the pyramid fraud CWE are engaged in too.
I saw a recent webinar with well-known scammers (Andrade, Stepsys and the gang) and they’re talking about buying “tri-packs”. The fuck is someone buying three or more of the same bot license?
Answer is they aren’t. Scam.
so I just looked at someones account. I saw open and closed trades on his Bittrex account. In fact he had 3 separate Bots on his Bittrex Account. The reason is that 1 Bot will only trade up to 10K. So if a person wants to trade 40K..LIKE HE IS.. he has to have 3 bots at 2K per year. He actually has 4 … 3 at Bittrex and 1 at Polonex or Binance..cant remember..
Soo. these bots are actually buying and selling cryptocurrencies IN HIS TRADING ACCOUNT..
Also.. and this interesting. He has to pay a 20% comission on his Net earnings each month. 10% of that goes to CWE for enhancing the Bots and 10% goes to Profit Sharing. So that is a new Zinger that I learned..
Each Bot is different.. Not one bot is buyring and selling the same stuff at one time.. This does make sense because if that were happening then you could potentially be influencing the market to much with gigantic buy/sell orders at the same time… So Even though he has 3 Bots SIMULTANEOUSLY running at the same time on Bittrex…they are all buying and selling different stuff…
Lastly, a guy asked if he wanted to trade with 500K in this various trading accounts .. would he have to buy 50 Bots?? Answer was that corporate does offer a discount on a case by case matter..
Also, he currently had 133 trades that had been closed and 31 OPEN TRADES… some of these open trades had been cryptcurrency bought back in begininng of December /janaury and the coin may never become profitable.. and you do have the ability to manually sell or turn off this functuion of holding a coin for a long period of time….
The advantage of having multiple bots..according to him is that if one is doing particular well he cann shift more money into it… So he does not have 40K.. 10K maxed at each bot.
Hopes this helps..it has sure helped me.
And why is that?
How does he pay that?
Now given cryptocurrency is finite, one would assume each is running on the same algorithms.
Surely if he set three bots to the same cryptocurrency they’d mimic each other? Otherwise that’s pretty much confirmation of manipulation on CWE’s end.
Anyway, none of this really matters. CWE are charging $2000+ for passive ROIs and paying recruitment commissions.
Unregistered securities + pyramid scheme = No.
I dont know why 1 Bot at the 500 level only trades up to 2500 and 1 bot up to 10K.. but that is the case.
Each subscriber receives a bill at the end of each month and must pay the 20% via Bitcoin,LTC, or a few other cryptocurrencies is what was told.
You are required to have a minimum of 15 cryptocurrencies in order for the bot to trade. You can add as many as you like that the Bot is knowledgebable of I guess….
You/The User can not set the bot to trade anything specifically.. He is saying that each bot is different and will trade based on the cryptocurrencies it has.. Even if 2 bots have the same exact cryptocurrencies to trade.. which he has had… they trade different patterns….
He also discloses that ther eis NO GUARANTEE of a return at all…. although he will not provide the ROI he is getting…..
It sounds REASONABLE.. Not saying I believe it…but subscribing to a BOT that does not guarantee any resuts is LEGAL I believe……
If you dont pay the 20% of net earnings…they turn off the BOT. So my understanding is that CWE does have control of the BOT…but the BOT is trading in an individual’s account…which is what I saw…
Just stating what I saw….
Guaranteeing results or not is pseudo-compliance. The intent of investors is what matters.
CWE are offering a $2000+ investment opportunity that is not registered with the SEC. On top of that they fail to make required disclosures to investors and are engaged in pyramid fraud.
Of course they do. CWE investors aren’t buying the bot, they’re buying into an unregistered passive ROI scheme.
I come here to see OZ, Casey and the gang smash the ponzi-pals after seeing their videos plastered all over Youtube, I agree with behind MLM all the time, this is the first time I think they’ve got it wrong.
Yup. As we’ve seen over and over again throughout the years; Everybody loves BehindMLM… until we review your company.
Still waiting for someone to explain how intentionally failing to disclose to investors who owns the bot or how it works is legal.
Still waiting for someone to explain how dumping $2000+ into an MLM company on the expectation of a passive ROI that isn’t registered with the SEC is legal.
Still waiting for someone to explain how an MLM company paying recruitment commissions is legal.
I guess my question becomes . if a company is offering a trading Bot that cost 2000 dollars and does NOT GUARANTEE any returns…is this legal??
Do companies that offer Trading Bots have to be registered with SEC…
That is what I am trying to figure out here.
CWE(itself and on their website) is NOT GUARANTEEING or even claiming results… the information I have gathered is by getting it via other sources.. They (CWE) simply has a trading bot that so far has worked well according to the feedback from the field.
How well.. well they could never answer that becaue everyone’s results are literally different and they cant predict that future results will be the same.
In fact they even say that any past results exposed or future results portrayed are not endorsed by our organization. Our Bots are continuously being updated but this my no means indicates that the results will be the same…
So I remain confused…
Of course it sounds “reasonable” that’s how fraud works. It doesn’t have to be “true” as long as it’s “reasonable” enough to catch a large enough percentage of the potential victims to make it worthwhile to the fraudsters.
As I’ve already stated, with respect to MLM regulation this is pseudo-compliance.
Every Ponzi scheme run by someone with half a brain tries to fall back on “but we didn’t promise/guarantee a ROI!”. If you want a recent example, look no further than Traffic Monsoon.
Regulators examine intent, and nobody is dropping $2000+ into CWE on the expectation of a loss. Least of all not when CWE itself is advertising “automated consistent significant 24/7 earnings”.
Having a trading bot isn’t the issue. In MLM regulation how a ROI is derived is irrelevant.
The issue from a regulatory standpoint is people dumping $2000+ into an MLM company on the promise of an advertised passive ROI.
That’s a securities offering and requires registration with the SEC.
Even if they weren’t it doesn’t matter, as above.
But to quote the CWE website, the company is advertising “automated consistent, significant 24/7 earnings.”
First of all. Nothing sounds reasonable when companies claim 1% a day.. but I am tring to get the heart of this.
I did not realize that CWE is claiming “automated consistent significant 24/7 earnings”. That alone is a NO BUENO…
When you say that people are dumping 2000 dollars ( and lets remember that they then need to put probably more then 2500 inot a trading account because you need funds to trade… so now we are at 4500……. on a promise of an ADVERTISED PASSIVE ROI…. my question is what advertised promised ROI are we speaking of…
Have there been any numbers that CWE itself is claiming??? The only numbers that I have posted are from marketing emails and vidoes but they are not from CWE.. so that is another question..what numbers or ROI? are we speaking of…
But…it does not matter if in fact the CWE website says” automated , consistent, significant 24/7 earnings”’…… unless in a court of law they could say well we mean 1/2 percent a year is significant…. just like a bank account…….
who knows…
This one:
It’s right there on their website.
They don’t need to claim numbers, that’s again pseudo-compliance. CWE affiliates are dropping $2000+ on the promise of “automated consistent significant 24/7 earnings”.
That’s a security and requires registration with the SEC.
Fair enough. Sounds like if they drop that stupid statement of 24/7 earnings they wouuld be Kosher.. Amazing that they could claim to have this big time Lawyer on Board and he has not done anything about this…
Good convo OZ.. thanks.
Except for the fact that you would be giving your money to fraudsters who are running a Ponzi scheme. Geesh!!!
Nope. The statement only spells out the intent of investors. The intent is still there even if nobody mentions the passive ROI (pseudo-compliance).
It’s the same as a Ponzi scheme telling its investors “Hay guys don’t mention the word ‘investment’ k…?”
And even if you ignore the unregistered securities offering there’s the lack of disclosure to investors and pyramid fraud taking place.
Never one to stay out of scamming for very long Frank Calabro Jr. is pushing this now. The video he recorded to pump this uses screen capture and one of his browser tabs reads Nui.
Maybe he needs two scams to make up for the income he lost when USI Tech got tired of the greedy American affiliates who were promoting USI like it was some sort of investment.
Tidbit Time: Fank’s video shows his Binance account. If Frank has failed to declare 45.02 BTC on his tax returns perhaps a kind IRS representative could ask him for clarification as to his crypto holdings.
Great read. The other issue with CWE is that they are charging 20% on ‘profit’ & are using the ‘dollar value’ of the crypto to claim said profit. This is a huge problem.
Example: Ethereum’s price is currently following the value of Bitcoin by 1/10th it’s value. Let’s say Bitcoin is $10,000 & Ethereum is $1,000 at the time someone starts using CWE.
Technicaly CWE could simply trade both Ethereum & Bitcoin back and forth and as BOTH coins rise in value by 50% CWE will demand you pay them 20% of the 50% gain which they did NOTHING to create.
This will result in you having ‘less crypto’ than what you started with. These programs should NOT be pegged to the dollar since they are NOT trading dollars.
You’d be much better off just simply keeping your Bitcoin & Ethereum in your own personal wallet.
Have CWE changed their website? (and/or business model?)
I just had a look and couldn’t find any references to “guaranteed ROI” or even an MLM plan per se (do you have to join first?). They also now list who their corporate team is (I haven’t bothered to check if these people are real)
Am i looking at the right website?
Same dodgy business model (unregistered security with pyramid recruitment), updated website. The removal of guaranteed income is pseudo-compliance, cat is already out of the bag.
Google says CWE updated their website four days ago. I’ll add an update to our review shortly.
Crypto World Evolution CEO Tomas Perez-quevedo has a history with the AirBit Club Ponzi scheme.
Perez-Quevedo’s Facebook profile suggests he primarily focuses his scamming across Thailand and Vietnam.
Done. No worries guys, with a Ponzi veteran at the helm I’m sure everything in CWE is above-board.
Good article on this Ponzi scheme who seem to have all the top scammers on board.
medium.com/@craig.b.macgregor/crypto-world-evolution-scam-alert-1b5ef3f4f71
Same thing the Zeek Rewards ponzi/pyramid did. Initially putting the guarantee on the site and then eliminating it later on.
Wouldn’t matter anyway. As we “haters” know, it’s not what you say(TOS), it’s what you do and how you do it that the law looks at.
“Income not guaranteed” is the ultimate ponzi strawman argument.
Whether or not a ROI is guaranteed or not has never figured in any injunction or prosecution.
It’s designed to impress potential victims, but makes not one bit of material difference to the legality of a scheme.
I was looking into the CWE bot as a customer, I’m not really a fan of pyramid marketing schemes like Amway, but I found this site while doing a little research.
I certainly haven’t been guaranteed any results if I choose to purchase the bot. And the company literature was pretty clear there are no guarantees of a passive ROI.
Not sure if I will end up buying or not as I trade on my own and have done fairly well.
The one thing I can say I have learned from this thread is that many of the people on here (Oz, littleroundman, Kasey to name a few) have absolutely no idea how a cryptocurrency trading exchange works!
For people who actively trade, it’s actually comical to read through this thread.
As for legality… a bunch of non-lawyers and non-regulators giving their “legal” advice and opinions aren’t really going to sway my decision one way or the other. I’ll have my lawyer read through the user agreements and company policies and then make a decision based on his expert legal advice.
CWE isn’t about trading. The trading is a veneer behind which a scam run by a serial Ponzi scammer gains access to your money to do with as he pleases.
There’s no evidence of a bot existing or any disclosure to investors. Nor is CWE registered with the SEC, despite the US being its largest market.
And then there’s the pyramid scheme driven by recruitment commissions, which is illegal in any jurisdiction.
Here’s how CWE marketed itself before it went pseudo-compliance:
*winkwink nudgenudge*
But yeah, I’m sure your lawyer poring over a few PDF files is an adequate substitute for actual due-diligence.
Crypto hey, every kid in his mom’s basement is an “expert trader” these days.
So you are paying $500-$2000 for a bot there is no proof even exists, or at least you don’t know who developed this new miracle bot (same one used to do USI-tech trading possibly??), that has never been evaluated by any non-biased 3rd party?
So this bot loses for money for you, you are down the losses and the $500-$2000, but if crypto is up on the month you owe them %20 + $500-$2000, yet if you held or traded on your own you could skip the fees?
Any reason they allow lucky regular folks to make money on this and don’t sell it to Google/Apple/Amazon instead?
Would your lawyer happen to be Jonathan Herpy?
At least then you can blame your lawyer when it goes belly up!
I mean even you can read right? What say you do your own research and come to the same conclusion on your own for free?
You claim to be a trading expert – yet looking for A “magical bot” shortcut. Hilarious!
Agreements don’t mean squat when thieves are writing them. Hellooooooo?
Terrence B:
My brother created an algorithm for the S&P 500 we have used for over 10 years that has beat the market performance every year. It’s not magic it’s math.
I’ve traded with 3 different Forex algorithms over the last 7 years as well.
If you think a trading “expert” can beat a trading “expert” that programs software to follow buy and sell triggers you are crazy!
A human could never micro trade and scalp in the market at the level of a computer. Our S&P algorithm reads bid and ask prices by the millisecond.
So many of you obviously have no clue about trading algorithms in any marketplace. Several of you have also shown that you don’t even understand trading without software, at even the most elementary level.
Chuck:
Chuck some of the best Forex Algorithm bots I’ve purchased over the years run $2000+ all day every day. I have used scalper and trading bots that run $500 a month.
Oz:
Other than watching it trade live on 3 occasions in 2 separate trading exchanges. I won’t hold your hand and teach you how an exchange actually works.
I have watched all 3 different bots in action, watched the trades hit the exchanges right after the software executes, and was impressed at how diversified they are in their trading strategies.
I wasn’t impressed with the HPSI bot’s results over the last few weeks in the down market. I’d like to see the HPSI in action during a Bull market.
The Hybrids and the Win/Win bots in action are really impressive to me and my brother under current market conditions.
Having a bunch of people who have never created trading software or used trading software, explain why trading software is bad, or doesn’t exist really cracks me up.
I have no idea how well these bots will perform over the year, but I know for a fact that they exist.
A company can’t fake out the exchanges and the trades I’ve watched execute within the exchanges real time. That is a fact, no matter what you keyboard “non trading” geniuses say or think.
As has already been discussed with other “trading experts”, what you saw was money in and money out.
You have absolutely no idea whether the trades were legit or whether CWE was manipulating your money because you have no idea how the bot works or if there is even one
All you know is you hand over the keys to your money to a company run by a serial Ponzi scammer and he does with it what he wishes.
Not without the most basic of disclosures you don’t.
Sure they can. You have no idea what the bot is doing on the backend.
Feel free to provide legally required disclosures if you’re going to continue to make claims about CWE’s “bot”, failing which spam-bin.
OZ keeps saying that money comes in and out with no proof… but yet I have now looked at 6 different peoples accounts and iIN THEIR TRADING ACCOUNTS where the bot has purchased a Altcoin and sold it…
So I am not sure what the issue is. Trading Bots are all the place.. They are legal and exist…
The only issue CWE had was stating ….Earn Passive 24/7 365.. They have since removed this on their NEW WEBSITE…..
As for paying a comission on a successful Bot.. this is also common protocol and exists all over…so not sure what that comment is all about….
CWE has (Ozedit: Without adequate disclosure you have no idea what CWE has or doesn’t have. Marketing spam removed.)
But the trades are being made with the various trading accounts which are being doen by the BOT.. do you want screenshots that show this…
The BOT is working…. where can you provide “PROOF”..is there a 3rd party site???
I guess PROOF for me is the fact that the people who have ALREADY PAID THE 2000 dollars are continuing to send the company MORE MONEY each week because the so called BOT is working on their end..
What other PROOF is necessary if a client is making money in their trading account with THEIR MONEY that only they access… and furthermore making the concsious decision to GIVE BACK part of their profit because they want to continue to get results they have already received…
I have yet to see a trading account (looked at 6 different peoples CWE accounts and probably 15 separate trading accounts ) that has not made a slight profit ….WEEK after WEEK…MONTH after MONTH..
to me what other PROOF could possibly exist… its not like they are getting a Bill based on FICTIOUS RESULTS …with money they have not made and is theirs…….
Please explain…I am eagerly awaiting more ways they can prove the BOT is legit….
Except you don’t know anything about “the bot” and so can’t make any such claims and expect to be taken seriously.
What, like all the other scams that are paying until they aren’t?
What is it about cryptocurrency that makes people throw establish due-diligence out the window and turn into mindless “I’ll believe anything for a quick buck” zombies?
Send them a copy of the USI-Tech cease and desist, required legal disclosures for passive “bot” ROI MLM companies are clearly defined.
Oh and get them to justify running an illegal pyramid scheme in the US while you’re at it too.
Proof of CWE saying its bot does what it says it does, which nobody can claim otherwise without adequate disclosures provided to the SEC and to the appropriate securities regulator in any other jurisdiction CWE operates in.
Has the business model changed? No.
You can’t pseudo-compliance your way out of regulatory compliance.
CWE is still marketing, in their own words, a “consistent, significant 24/7 earnings” unregistered security attached to a pyramid scheme.
Yep: sec.gov
Well Observer that was fast. You went from coming across this site by doing your due diligence to look into this great new opportunity, before you felt you able to spend $500 on the product.
Then by your next post a few hours later, knowing quite a lot about everyone’s trading experience in crypto, the CWE company, and proclaiming you pay a bot to run “$2000+ all day every day”, and are a very successful trader.
With your due diligence have you found who the bot creator is, or has he chosen to remain nameless?
Would you say it’s coincidence a lot of the top Ponzi scammers around the globe have jumped on board this new Ponzi vehicle, yet there is no legitimate fortune 500 type company investing who could infuse millions into an amazing opportunity like this.
I would say it would be grounds to be terminated as a CEO if you had this opportunity to consistently print money out of thin air for your shareholders and you passed on it.
Maybe the CEO’s haven’t been lucky enough to hear a Youtube shill beg for them to join in exchange for a small referral bonus yet, but when they do I’m sure Apple/Google/Amazon will be CWE customers. Heck they may even spend the 2K for the best bots!
Seems fairly logical CWE could create some bot generated numbers to put what they need to on a screen, and keep this Ponzi running and paying out small amounts as long as new sign ups exceed what they are paying out each month.
As USI tech proved, it’s not hard to fool a heck of a lot of people without much proof of anything, and evading government intervention for a year really isn’t that difficult.
If consistent monthly profits aren’t a red flag in a down market, think of an infamous situation where against all common sense, a gentleman named Bernie Madoff was able to keep beating the market and returning consistent monthly profits despite any market downswings.
Seemed like magic didn’t it. But as long as he’s paying out no one really asked too many questions.
USI-Tech stopped paying the majority of its’ members in January, yet this week when it launched it’s “version 2.0” some members immediately bought in, even though their “version 1.0” earnings had disappeared.
Your observation is complete invalid.
It’s hard not to trust 4 serial MLM low level scammers, and how they now have found/created this amazing trading robot.
Who needs Elon Musk when you have Randy L Case, an “owner” who’s got quite the bio as a corporate leader, complete with 3rd grade punctuation errors.
I wonder how he had time to run these corporations while being involved as a rep in Kiyani along with another owner Thomas Perez. Cover your tracks at least scammers if you are going to make up fake positions in your bios, or at least try to get the spelling and punctuation right.
You have pictures on Facebook giving MLM presentations in people’s front rooms in front of 4 people in the past few years, while you were supposedly leading corporations!
Looks like the stress of going from one scheme to the next has caused some rapid weight gain in those Facebook pictures.
Throw in Ari Maccabi behind the scenes and you have quite the group to trust. Can I get a Frank Calabro Jr involved this please so I know for sure it’s a great company? Great!
And how about you add in a large dose of serial Ponzi scammer Simon Stepsys, fresh off the USI Tech scam he was repping. I”m sure a legitimate company would love to have this guy as a rep with a background like his.
grnewsletters.com/archive/15kamonth/OMG-986400-in-one-month-628260102.html?u=zS
Their bot sucks. You are forced to pay 20% on the ‘rise in value’ on the coins that they are simply SHUFFLING around in your own account.
In the end, you’ll end up with LESS BITCOIN than what you started with.
Several of you keep referencing USI. That seemed to be a mining operation offering a 1% daily return. People send in their money and USI mines and then pays the return.
CWE sells trading software. I have yet to see any exact percentage ROI quoted. The company documentation I have read through prohibits promising returns.
So one company promises daily ROI and an exact % to expect. The other company does not give a % ROI promise at all and documentation shows that they specifically can not guarantee returns.
These are two different companies marketing very different things.
Not as far as securities regulation goes.
I dump $2000+ into CWE on the expectation of advertised “automated consistent, significant 24/7 earnings”.
The ROI is derived passively in both USI-Tech and CWE, making both MLM opportunities a securities offering.
Observer, if you thought USI was a mining operation, I think I can see where your problem is. You may have an issue recognizing what a Ponzi scheme is.
USI said they mined from what I can see looking over it. I wouldn’t know if they were actually mining or not. Guaranteeing an exact daily return sends up red flags for me.
Securities regulators would certainly look differently upon a company that guarantees returns and one that actually makes you check a box when you buy their software stating that they do not guarantee returns.
I just purchased a bot from them and cwe made it abundantly clear that they do not promise returns in any way.
Nah. Guaranteeing a ROI like Crypto World Evolution did is a rookie mistake.
Pretty much every MLM Ponzi scheme avoids guaranteeing returns. Doesn’t make a lick of difference when it comes to unregistered securities though.
An unregistered security as far as MLM regulation goes is a passively derived return. What is attached to that or how it’s presented is irrelevant (but can certainly be used to strengthen an unregistered securities case).
Oh really? Kindly provide documented evidence of how it works and who created it then.
You purchased the promise of a passive ROI. You don’t own a bot. You don’t even know if there is a bot.
What we do know for sure is CWE is owned and operated by a serial Ponzi scammer. It has also attracted a host of regulars from the MLM underbelly with respective Ponzi pasts.
“Automated consistent, significant 24/7 earnings” sure sounds like a guarantee to me.
But hey, what do I know. I’ve only been covering MLM regulation for almost a decade. You crypto kids are the real experts.
after all of this discussion is seems like OZ just does not understand how crypto trading works at all, or else there would never have been the repeated “you can’t prove the bot is doing anything or that it even exists” argument.
That is at best ignorance at worst just can’t allow yourself to be wrong.
I am not involved, just researching CWE and agree with a lot of the other suss points you bring up OZ.
How trading works is irrelevant to the fact that without legally required disclosures, nobody who has invested in CWE can prove how the bot works or whether it exists.
All they see is money going in and out of their accounts, purportedly through bot trades.
Until someone can definitively answer with evidence where the transactions come from, how are they decided and by who, CWE is operating in violation of US securities law.
This is but one component of CWE’s unregistered securities offering, which is attached to an illegal pyramid scheme.
The lack of appreciation of the illegality of unregistered securities from the cryptocurrency industry continues to disappoint. Just look at the BitConnect clowns on YT.
Looks like most of you are going to have to learn the hard way over time.
Coin collector, I’ve read through the entire thread and oz certainly doesn’t understand trading within an exchange. He just can’t bring himself to admit it but it is obvious to people who trade.
He also thinks bots have to have some legal disclosure… He seems to be making things up.
Observer- Have you found out yet who created this bot, how it runs, proof of success that would justify a $2000 investment?
A lot of online forums have people claiming the bot only makes money for the company and promoters as it closes out any small gains in a coins value in order to get a 20% return off your manufactured profits, yet puts all the losses on the “customer” by leaving all losses open and your account getting smaller and smaller every week.
Death by a thousand cuts. You are taxed on the small gains by CWE but can’t offset with your losses as you would be able to had you been trading in stocks.
Would a terrible product with no real value and a high price tag (and secretive bot script details and creator) be perfect for an MLM payplan with referral bonuses incentivizing the usual host of unscrupulous MLM scammers? Absolutely.
I’m sure Oz does, but why does that matter when you have this:
It’s like you have an armed robber in front of you asking for your money, and you want to talk about his shoes because you’re an expert shoe salesman.
Bunch of nitwits.
There’s nothing made up about the Securities and Exchange Act, or the cease and desists issued to BitConnect, DavorCoin or USI-Tech for failing to disclose information about the bots they each claimed they were using.
CWE calculates (Ozedit: Nope. Without legally required disclosures you have no idea what CWE does.)
Char I wouldn’t be so sure Oz does understand how trading Crypto works especially with algorithms… Read the thread and you will see that he doesn’t.
Of course since you probably don’t understand trading it won’t make much sense as to why he is so ignorant.
Bitconnect didn’t sell or use trading Software
DavorCoin was an ICO (ICOs are a big target for the SEC for sure)
USI-Tech claimed to Mine cryptocurrency and guaranteed daily returns of around 1% on mining packages from what I can see.
CWE sells a trading Bot.
Trading bots have been around for decades and the bots don’t have to register with the SEC. I don’t like pyramid MLM deals myself but just because an MLM sells a bot it doesn’t all of the sudden add a bunch of regulations on the software being sold.
Apples meet oranges! Your argument is an obvious false equivalence.
It’s like everyone is saying, “Because USI sold unregistered securities, and people from USI are selling CWE software… CWE is selling unregistered securities!!!”
Just because you perpetuate this false equivalence to fit your false narrative, it doesn’t mean it’s true.
Yet all three received cease and desists for unregistered securities.
The packaging of an unregistered securities offering doesn’t matter.
Unfortunately it seems that penny will only drop if CWE receives their own cease and desist.
CWE don’t sell a bot. Affiliates don’t receive actual software, otherwise they’d be able to tell us exactly how it works and who made it.
CWE sell passive ROI positions, which obviously fit the definition of a securities offering.
Neither CWE, its Ponzi scamming CEO or its top affiliates (who are also all Ponzi veterans), aren’t registered to promote, offer or sell securities in the US.
On top of pyramid fraud being committed (no retail), this makes CWE’s entire MLM opportunity illegal.
These are the facts.
On the contrary.
Just because YOU don’t understand securities laws or how ponzi and pyramid fraud works would be more to the point
Readers of this thread will notice that Observer’s post #211 did not even address this:
“Over the past few years Perez-Quevedo has been involved in the BitClub Network, AirBit Club and Zhunrize Ponzi schemes.”
I’ll leave it at that and let those with common sense, who aren’t scammers themselves, figure it out.
Hint: The owner of CWE is a SERIAL PONZI SCAMMER!
I can see what they charged my friend on a weekly basis and I can download the trade history, do the math and figure out the total net profit. (Ozedit: Offtopic derail attempts removed)
I’m a retail customer! I didn’t sign up for the pyramid selling. I just bought the software from my friends customer link. (Ozedit: Offtopic derail attempts removed)
Maybe the owner was tired of being taken advantage of by bad companies so he stared his own company? I can’t read his mind so not sure what his motives are…
I do like the software so far though! I’m just a customer! Not in the pyramid selling deal! I don’t do those things.
I trade forex and cryptocurrency for a living so I actually understand how trading software works and I understand that trading bots don’t require some phantom legal disclosures that Oz is making up!
(Ozedit: Offtopic derail attempts removed)
See that? “I” that’s the reason blogs like this don’t accept anecdotal evidence from one or two members when researching.
Cool. Has nothing to do with CWE’s representation they use a bot or failing to provide legally required disclosures to investors.
Unless they’ve recently modified their business model there’s no retail sales in CWE, everyone is an affiliate.
Choosing not to recruit and participate in pyramid fraud doesn’t make you any less of an affiliate. Nor does it excuse CWE operating as a pyramid scheme.
Yet you’re ready with excuses for Ponzi fraud.
None of which has anything to do with CWE being run by a serial Ponzi scammer, operating a pyramid scheme, offering unregistered securities and failing to provide legally required disclosures to their investors.
It looks like the cease and desist order for Frank Calabro will bar him (or anyone under his direction) from selling any more CWE packages as he was doing through his webpage.
Direct quote from the North Carolina Cease and Desist order. “Calabro is encouraging members of the investing public to act as unregistered dealers and/or salesmen in violation of the Securities Act.”
If you are in Calabro’s downline, or upline in any of the current scams he is promoting (ie. CWE), I would be getting a bit worried now if you have ever sold, or had a friend sell you a package without being registered to sell securities if you live in the USA (or maybe you’re just worried your “friend” has violated the Securities Act).
And what a passionate “customer” you are.
It’s really odd for someone who is “just a customer” to spend their free time arguing the validity of a probably fraud operation.
I don’t doubt that your crypt and trading knowledge far exceeds mine, but it looks like you might be a bit lacking in the nuances of today’s ponzi and pyramid scams.
Unless you are more than “just a customer”, in which case, you seem to have that down pretty good as well. 😉
They asked me if I wanted to become an affiliate or just a customer. He sent me an affiliate link and a customer link. I just went with the customer link.
I am passionate about trading cryptocurrency and utilizing algorithms to do so. When I see ignorant people posting ignorant things about trading software I feel the need to expose their ignorance.
There is no such legal requirement with any trading software that investors use to trade cryptocurrency within their own personal exchange.
Feel free to share any laws regarding trading software disclosures to show that you aren’t making them up. I’m open to facts. Do be aware that FINRA rules only apply to U.S. based securities. At this point the SEC has guidelines when dealing with trading algorithms but no set regulations within the cryptocurrency marketplace.
For the 4-5 of you who constantly post on here about all these MLM scams… I don’t like MLM either, but I know when a trading algorithm is actually trading!
I trade for a living! If a “bad” person offers a good product that has a satisfied customers base, does that make the product illegal?
@Observer.. have you reviewed the multiple C&D orders against the crypto MLMs that claimed to have a bot trading.
Did you read the C&D issued to Frank Calabro Jr.? Even though it’s about the USI-Tech scam, it still relates to CWE because both are claiming to earn you returns with their bots.
It really doesn’t seem to matter if it’s fake or real. Nowhere in that C&D do they indicate that it matters at all.
There’s absolutely zero need to tie trading software into an MLM structure, especially if it performs as well as you think it might.
By adding the MLM angle, they’ve entered a whole different world of legal ramifications.
Sit back, relax, and watch it unfold/unravel like the rest of us. 😉
So there’s no discernible difference between the two, other than the signup link?
There’s no retail customer login on the CWE website, only an affiliate login. Smells like pseudo-compliance to me.
In any event, even with pseudo-compliance it’s a given the majority of Crypto World Evolution’s revenue would still be generated from affiliates.
Nobody said there is. The issue is an MLM company offering unregistered securities in the US.
How a security is dressed up doesn’t matter. CWE is not exempt from US securities law.
Does a company need to have separate LOGIN URL’s in order to be compliant?? One for customers and one for Affiliates??
Or can a company have one login and then based on their login credentials, they receive theri given back office information..
Why would you have supposedly retail customers sign in as affiliates?
It’s indicative of there, in reality, being little to no differentiation between affiliates and retail customers.
The CWE website is hardly conducive toward retail sales activity.
OZ.. are you saying that a company needs to have a separate Login page. one for customers and one for affilates..
I really think that CWE is providing a service that is compliant, legal, and requires no need to somehow PROVE that that bot actually works..
Exactly what proof are you looking for…because i DEAL with many Trading Bots that link an API to my trading account abd the proof is that my trading account (which they have no control over other then triggering trades that actually happen) makes trades and does well and I am the only one that can withdraw..
and you know what.. if i dont WIN…I dont pay them the 20%!!
Doesn’t have to be a separate login page. There just needs to be more than a token effort at generating retail sales.
Having everyone login as an affiliate isn’t conducive to this.
Go and have a look at the BitConnect, DavorCoin, USI-Tech, Power Mining Pool or any of the recent C&Ds, they all cite lack of disclosure as a violation of the Security Act.
You can read the required disclosures in any of the previously issued C&Ds. They all pretty much cite the same violations: Who owns the bot, how it works (providing detailed statistics to potential investors), how much money is behind it etc.
Which has nothing to do with an MLM company offering unregistered securities.
We’ve just recently gone through the same bullshit with cryptocurrency.
Hur hur, cryptocurrency is unregulated.
*Goverment issues securities violation cease and desists against multiple MLM cryptocurrency companies*
WTFOMG HOW IS THIS POSSIBLE?! CRYPTO IS UNREGULATED! REEEEEEEEEEEEEE!!$%
Cryptocurrency, like trading bots, are still of course legal. The issue with Crypto World Evolution is and always has been the offering of a passive ROI, which currently is an unregistered security.
Ah, but we’re NOT talking about the service itself, but how it’s SOLD. Are you sure you’re actually defending the right thing?
C&D orders are pretty specific actually they don’t just cover every company this Frank guy decides to rep!
Thanks for your legal opinion though. I’m guessing you have a law degree? CWE specifically states they do not guarantee any returns when you purchase the bot.
You have to take an in depth policies and procedures quiz to become an affiliate which I wasn’t interested in. So I just signed up as a customer.
The customer link took me to a customer website that was certainly set up for retail sales and not pyramid recruiting.
US securities law doesn’t cover trading algorithms in the cryptocurrency market.
If you have a statute you can site please feel free to enlighten us. And citing cease and desist orders for companies that don’t even deal with trading software simply proves the false equivalence fallacy you keep spouting.
CWE specifically does not offer a passive ROI. You say they do… What is the % return they are offering? Can you link the company website promising the ROI?
I had to click a few boxes stating I understood there were not guarantees as to returns when I purchased the trading software. They made it very clear there were no guarantees as to ROI when you purchase the software.
Apple computers can’t guarantee returns in the stock market so any companies that guarantee ROI should scream scam to anyone in my opinion.
You can visit the CWE website yourself. There’s nothing retail looking about it. All you see is an affiliate login button.
Some hidden link provided by affiliates != retail sales focus.
Sorry, where does it say this in the Securities Act?
And anyway, the “trading algorithms” aren’t the problem. CWE offering an unregistered security and failing to disclosure particulars about said security is the problem.
Of course it does. You dump $500+ into it and you get a passive ROI.
Sure, here it is in CWE’s own words:
So CWE DID NOT remove the “Sgnificant 24/7 earning” on their new websites.. Well they deserve what they get then. I thought they had recognized that mistake and were taking that down.
Its funny because they say “We dont guarantee any earnings” yet they have a comment saying this..
Ridcuoous!!!
Yep, they are pretty specific, and the ones issued against these MLM cryptos claiming they have bots trading specifically don’t bother mentioning whether the bots are real or fake.
I mentioned it purely as an example, but good job on playing the deliberately obtuse angle. 😉
I received my law degree from the same University you did. Or are you going to claim to be a lawyer now as well?
Not that the opinions of lawyers in the MLM underbelly mean much. USI-Tech, Zeek, etc. all had “expert” lawyers proclaiming their validity.
You have your opinion and I have mine. You claim to know crypto trading and I’m pretty well-versed in MLM ponzis and pyramids scams.
As I said earlier, I’ll just be watching it unfold/unravel…. most likely in the same way as I’ve seen it happen dozens of times before and the same way I’ll see dozens more in the future.
If you’ve been paying attention at all to ponzi and pyramid litigation over the years, you’d realize it simply doesn’t matter what they have in their TOS.
How you describe an opportunity is pseudo-compliance. I was asked whether CWE guaranteed a ROI and provided evidence they had.
What they’re doing is what matters, and that’s soliciting investment upwards of $500 on the promise of a passive ROI.
You can’t disclaimer your way out of securities law.
Ponzi Playbook #104(b)
– Feed the ego of the intelligent mark.
– Get him analyzing and distract him from the obvious
– Convince him known serial scammers have changed – this time
– Tell him the review site that has pegged 1000s of scams @100% success rate is wrong – this time
– Tell him he is wise due to all his analysis of data we the scammers feed him
– Don’t tell him the T&Cs are worthless when created by fraudsters
– Use his ego to our advantage
(Continued on next page)
ad nauseum, ad infinitum
Char: (Continued on next page)
-have your top affiliates go to mlm review websites and pretend to be a customer who is doing research on the company, and somehow instantly know the ins and outs of the “pyramid scheme of the day” you are using, to steal money from unsuspecting crypto newbies by using a bot who know one knows who created it or how it works (just details to a good Ponzi scammer).
– Try to defend the same business model who has happened to have attracted almost every other top Ponzi scammer with large teams of blind suckers to grow your commissions.
Oz:I was asked whether CWE guaranteed a ROI and provided evidence they had.
I still haven’t seen any evidence of a guaranteed ROI. A quote that I can’t see anywhere on the website is all I’m seeing from you and it doesn’t actually have a % ROI.
I did see this on the site…
I’m not interested in playing pseudo-compliance games. It doesn’t fool the regulators and it shouldn’t fool you.
You asked for evidence and I provided it. What CWE implement after the fact is irrelevant.
They offered affiliates a guaranteed ROI and are offering unregistered securities in the US. The business model is still the same post pseudo-compliance so the guarantee applies, as does the securities offering.
CWE’s securities offering alone is illegal and violates the Securities Act.
You’re welcome to bathe in the belief pseudo-compliance makes you above the law. You can go stand over there with the other scams that hasn’t worked out for in the past.
Simon Stepsys promotes this scam.
That should tell anybody all they need to know about Crypto World Evolution
I’m interested in facts! ROI = (Gain from Investment – Cost of Investment)/Cost of Investment
The company made me confirm 2 times by reading and checking boxes that I would not receive any guarantees as to ROI.
There isn’t anything pseudo-compliant about the facts.
ROI is going to be a number in the form of a percentage. What was that guaranteed ROI promised by the company? Can you send me the web link to the guarantee?
The company can make you confirm anything. It’s all pseudo-compliance BS.
Facts:
You pay CWE $500+ and then hand them control of more money. You receive an entirely passive ROI, generated by CWE.
That’s a securities offering and CWE isn’t registered to offer securities in the US.
There’s nothing about “guaranteed returns” in the Securities Act. It only ever comes up in litigation as evidence to bolster securities fraud allegations.
Plenty of securities scams have gone down without guaranteeing a ROI (notwithstanding CWE advertised “consistent, significant 24/7 earnings”).
“You receive an entirely passive ROI, generated by CWE.”
I have to manage the trading software. Certainly isn’t “entirely passive”.
It seems like you have an “idea” of how CWE works and your “idea” is wrong.
Clicking some buttons doesn’t generate a ROI. Your ROI is generated passively by CWE.
Ah, now I get it.
Sorta like “clicking on ads” you mean.
Pseudo compliance at its’ best.
Oz you are soooo far off on this one. I can see you keep writing things like “Company can rig trades” and paying 2000dollars is a security etc.
The PRODUCT is 500-2000dollars. The product is the bot and there is no guarantee of ANY returns at all.
CWE is also FREE to become a distributor and people can sell the product like an affiliate but with MLM model.
You pay for 1 year lease of license (Just like any other bot) and you fund the exchanges you want to trade on.
I personally do Hybrid Trading and Automated trading and can see every single trade I manually do and of what the bot does.
Oz you normally write some good stuff but this is like your jumping on the Bitconnect, USI train when this is completely different.
No securities here, no guaranteed incomes, just a software sold with the MLM model. (Ozedit: Offtopic derail attempt removed)
@Rob
If “the product” was the bot, why do you have to keep paying CWE a commission fee?
Why can’t you download the bot and install and run it as you see fit?
If CWE closed tomorrow, would your “purchased” bot still work?
Face it, you’re paying for access to a passive ROI.
There’s nothing about “guaranteed returns” in the Securities Act. Not withstanding CWE marketed “automated, consistent, significant 24/7 earnings”.
How you dress up a security is irrelevant. If you’re offering a passive ROI in MLM you’re offering a security.
Neither CWE or its principals are registered to offer securities in the US, meaning they are operating illegally.
Odds Simon Stepsys decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
Odds Frank Calabro Jr decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
Odds Mike Klingler decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
Odds Mike Hobbs decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
Odds Ari Maccabi decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
Odds Tomas Perez decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
Odds Adrian Hibbert decided to stop selling scams and schemes to steal your money and join a legitimate company and hawk a legitimate product-1 in 10
(10%x10%x10%x10%x10%x10%x10%)= One in 10 Million this isn’t a scam to steal your money.
My returns are dependent on the coins I choose to have the bots invest in and the amount per coin which fluctuates depending on my research.
You mislead people with your statement. It’s untrue.
The bots = CWE. So your ROI is generated passively by CWE.
Clicking your mouse doesn’t generate a ROI. You mislead people with your statement. It’s untrue.
Oz it’s obvious you don’t understand how algorithm trading bots work. You don’t really even understand how trading in an exchange works.
I trade for a living and use several trading bots in cryptocurrency markets, forex, and stock markets.
I tell the cwe bot what coin or coins to buy depending on which bot I decide to set up. The bot executes it’s scripts depending on the parameters that I set for it. I set the purchase price and stop losses on hybrid bots along with stop profit prices.
With HPSI there are a minimum of 15 coins I have to choose. Then I tell the bot how much to invest overall and when to start trading depending on market conditions.
You seem to think cwe bots just magically start working when you purchase the software.
Every client has to tell the bots what particular coin/coins that they want to invest in and the parameters that the bot must follow. The decisions made by the end user are paramount to the performance of the bot.
There is nothing “entirely passive” about the process.
Your statements about the bots are very misleading.
lol. you’re not going to get your money back. if it wasn’t a fraud, you wouldn’t need to be here defending it.
Observer- “So you’re telling me there’s a chance?!!!! YEAH!!!! Fist pump, snort”
You described how it’s SUPPOSED to work. But is there proof that’s how CWE really works? How many trades did it execute for you yesterday? What’s the average profitability on those trades?
So far, as I pointed out a month ago, you guys defending CWE simply repeats “you don’t get it”, yet you can’t provide any evidence that trades were done and you’re “only buying signals”.
And even if the trades are legit, the way “commission” is paid out makes it a suspect pyramid scheme.
Strawman much? Neither has anything to do with CWE’s unregistered securities offering.
You click some buttons and CWE generates a passive ROI. Seriously, I’ve got it. You don’t need to keep repeating yourself.
The ROI is generated passively through CWE. End of story.
The ROI is generated passively. You clicking your mouse doesn’t generate actual ROI revenue.
K.C.
It works like every API trading bot in the market place works. It’s obvious that none of you have ever traded with an algorithm so it just seems to be really confusing for you. I understand that for non-traders it can be a very foreign concept.
Whip:
My money is in my personal Binance and Bittrex accounts. There really isn’t any money for me to get back Whip. The money is sitting in my exchange the whole time! Another person who doesn’t understand trading with an algorithm.
Oz:
Selling trading software (Ozedit: Snip, CWE doesn’t sell trading software. Strawman arguments removed.)
How convenient you ignored the two questions that WOULD actually prove your point, instead resort to (again) “you just don’t get it” answer. Tsk, tsk. You’ve yet to provide any proof, merely assertions (i.e. opinions) not backed up by actual evidence.
Do I need to quote those two questions again? Will you ignore them again?
Getting sick of going around in circles.
Your entire premise is flawed because CWE don’t sell trading software. You pay for access to a passive ROI.
If you were actually being sold software if CWE shut down tomorrow you could continue using the software you purchased.
That’s not the case, so stop making up bullshit to justify the offering of an unregistered security.
If CWE’s Ponzi CEO creates a new worthless altcoin and drains what’s in your exchange account for it, the fuck are you going to do?
Face it, you can’t make any representations as to what CWE can and can’t do with your money because they don’t disclose anything about their “bot” to you. This again is a violation of the Securities Act.
K.C. send me your email and I’ll gladly set up a screen share and set up a live bot for you and toggle to my exchange to see it in action.
Oz. It’s a once year software license that people buy. Several trading bots and other software (Ozedit: Strawman arguments removed)
And… What if the owner creates a worthless altcoin? Then it wouldn’t be listed on any of the major exchanges and couldn’t be traded Einstein.
Not understanding how trading works is making this a tough go for you Oz.
And then he’ll know just as much as you do. That is to say nothing about how the trading bot actually works.
A once a year license to a passive ROI.
Couldn’t care less what other non-passive ROI businesses sell. CWE is selling access to a passive ROI and that’s a securities offering.
Well there’s plenty of already listed worthless altcoins for them to trade your cryptocurrency for.
Face it, you can click buttons on the front-end but ultimately CWE can do whatever they want with your money on the back-end.
You have no investor protection or any notion of what their bot can and can’t do without legally required disclosures.
Not understanding securities law tends to bite people in the ass. Just look at BitConnect’s “lulz what’s a security?” promoters.
So is your bot from CWE or someone else?
Bitconnect sold no product at all. Collected people’s BTC and did who knows what with it. Apples meet oranges!
Trading software (Ozedit: Snip, if you wish to discuss trading software do it elsewhere. Securities offerings legally require disclosures to investors.)
@Kasey It’s the CWE bots that I use. They have 3 different types of bots depending on what a trader wants to focus on.
Neither does CWE. Access to a passive ROI isn’t a product.
And without legally required disclosures, like BitConnect’s investors you have no idea how CWE works or what they do with your money.
All trading bots (Ozedit: Snip. If you want to discuss “all trading bots” do it somewhere else. Strawman arguments removed.)
This review isn’t about “all trading bots”. It’s about one, which CWE purportedly use to provide their investors with a passive ROI.
Neither CWE or the company’s owners are registered with the SEC, making CWE’s investment opportunity an illegally offered security in the US.
If you want to discuss other companies and other trading bots, do it elsewhere.
How’s the research into who created this “bot” going so far Observer?
As part of your in depth research into this company I would think that would be a vital question you would have, to ensure this isn’t just a run of the mill Ponzi, like the USI Tech one that also had some unverified claims of trading software that people blindly bought into.
…..and now two of your top CWE scammers personal webpages are down, Mike Klingler and Frank Calabro and their CWE links seem to be offline.
Could be a hit to this scam to have two of their top scammers out of action?
I’ve yet to see cwe offer any investment opportunity. Can you link us to the offering. I paid for their trading software bot.
Let’s talk (Ozedit: Let’s not. Strawman arguments removed.)
But somehow you are not able to show me some OLD trading done by the bot you have in your account, is that correct? But instead, you’ll show me some OTHER bots?
Try the CWE website. I dump $500+ into CWE and they generate a passive ROI.
Whatever pseudo-compliance you come with to justify that is irrelevant.
I’ll gladly show you a screen share of all 3 trading bots from CWE live and in action. I’m not sure what Other bots you are referring to.
I am using some other bots for Stock and Forex trading but only CWE bots currently in Crypto.
There is no actually no passive ROI on the $500. You get $0.00 when you buy the software. You have to set it up and start using it to trade if you want to have a chance to get any return at all.
(Ozedit: Offtopic derail attempts removed)
1. Sure there is. I hand CWE $500+ and get paid a passive ROI.
Money from me goes to CWE, they generate a passive ROI and I get paid.
How that’s set up is irrelevant, that’s how the money flows.
2. You’re not buying software. You’re buying access to a passive ROI. If CWE shuts down tomorrow you lose access to that ROI.
If you were actually buying software CWE could shut down and you’d still have your software.
I’ve explained this multiple times and you come back with “Nah I’m buying software”. I’m just going to mark those replies as spam.
I’ve clarified why you’re not buying software and clearly identified an unregistered security. You want to crap on about bots? Do it somewhere else.
You don’t get any ROI from the $500. No one gets any ROI when they pay the $500 they have to fund their trading exchange and trade.
No legally required disclosures from CWE to investors as to what they do with your money = you can’t make any claims about what they do or don’t with your money.
Thankyou, come again.
I think I just realized what you are confused about… This isn’t like USI or Bitconnect (Ozedit: No confusion, we’ve already been over this.)
Passive ROI = security. Doesn’t matter whether it’s a crypto trading bot, crypto mining, forex trading bot etc. etc.
It’s all pseudo-compliance BS that doesn’t mean anything. So long as the ROI is passive it’s a security.
I must have missed your answer again for the 3rd time Observer, have you discovered who created this “bot” during your due diligence?
Chuck I did. The first bot was created by Tomas and Guillermo. They have several traders and programmers who update and create new bots.
Oz passive ROI doesn’t equal a security. That would make a rental property a security.
If you were soliciting investment in an MLM opportunity and claiming to provide a passive ROI through rentals (scammers have tried), then yes you’d be offering a security.
So does every other trading scam. If CWE was legit they’d have no problem disclosing what’s legally required to the SEC and their investors.
Oh that’s great Observer! Mr Perez, a career mlm stooge has also been hiding his penchant for developing cutting edge software to make millions for the masses (for a small one time fee) and has made this MLM scam his first project to unveil his new line of bots, his greatest gift to the world.
Any chance you would have the names of these other mystery programmers and/or traders who have developed these bots so some due diligence can be done on their past projects. As you well know the past is a great indicator of the future.
Would they be the same group of programmers that keeps showing up on USI tech techcoin pages then disappearing when their names become public?
Chuck. I’m not sure what the USI tech techcoin is. I’m guessing it’s an ICO which would probably make it a security if they are selling it.
As far as the owner, I met him at an event and was able to take a look at his live trading history and his blockchain wallet.
He was in coins like Ripple, Dash, and Monero right out of the gate. Sold chunks of them at near peak prices as well. He’s the real deal for sure when it comes to trading crypto.
OZ. I’m not aware of any MLM/Pyramid deals selling rental properties. I have heard of one that was selling real estate education.
If an MLM sold me a rental property (Ozedit: Offtopic derail attempts removed)
There is a big difference in taking my BTC and trading it for me while promising an ROI = (Security)
Vs.
Selling me trading software that I set up and utilize at my own discretion to either lose or gain BTC with = (NOT A Security)
There’s a reason the SEC don’t accept anecdotal evidence in legally required filings.
There is but seeing as CWE control your BTC on the promise of a ROI which you yourself acknowledge is a security, entertaining alternative hypotheticals is pointless.
They specifically do not guarantee any ROI and they never control my BTC. I choose the coins the bots invest in and how much of my BTC is invested.
The bot isn’t some “terminator” that can just pick coins to invest now that Skynet is self aware. I actually have to turn the bot on and tell it which coin I want it to buy.
Only then can it go to work and operate according to it’s script.
You really should do a screen share with me and I’ll open up a few trades. It would really show you how off the wall the things you are thinking are.
Putting aside Crypto World Evolution did guarantee passive returns up until recently, what’s your point?
There’s nothing about “guaranteed returns” in the Securities Act or the Howey Test.
Sure they do. CWE can do whatever it wants with your BTC.
You’re under the illusion that a Ponzi scammer and his team of unknowns are going to do what you tell them to do, because that’s what they appear to be doing now.
At a moment’s notice CWE can transfer your BTC for some shitcoin they’re looking to dump, through other accounts under their control.
You’re left with a worthless altcoin and they have your BTC.
You have no idea who developed CWE’s alleged bot, how it works, what’s in “the script” or who ultimately controls it – other than Crypto World Evolution itself, a company operating out of a rented PO Box in California.
Quit pretending anecdotal trading evidence is a substitute for legally required disclosures to the SEC.
If what “Observer” was seeing was on his TV screen, he’d recognize it as being clever special effects.
Put it on his computer screen and suddenly it has to be real because he can see it.
Oz. The SEC has no legally required disclosures for an MLM company selling (Ozedit: Snip. CWE don’t sell anything. They provide investors with a passive ROI.)
Littleroundman: Being on my computer in the CWE software seeing trades… Could be anything they want to put up… Being on my computer in my personal exchange account… Those trades are real.
If you ever traded crypto you would realize how ignorant some of you folks on here sound when it comes to trading.
The trades might be real but you have no idea if CWE are doing what they claim to be doing on the back-end.
That’s why disclosures are legally required under securities law.
If you had any experience with securities law you would realize how ignorant some of you folks in CWE sound when it comes to unregistered securities.
So, what you’re saying, Observer, is the software is completely discrete and standalone, is that correct ???
You buy, it trades according to your input and any profit goes straight into your account, bypassing CWE completely, right ???
He can’t say whether there’s a bot or not because CWE haven’t filed the legally required disclosures.
All he or she sees is money (cryptocurrency) passively going in and out of his trading account.
Roundman, the profit or loss is always in the personal exchange. If I set up a bot to buy and sell ethereum it uses BTC to buy ethereum. If ethereum goes up and the bot sells it for BTC then I’ll have more BTC in my exchange.
If ethereum crashes after the bot buys it and the price hits the stop loss % I set, then the bot will sell it for BTC and I’ll have less BTC in my account.
translation- “I think we have found a way around the law here. We really just sell a terrible product, a bot created by a career mlm scamming veteran (Tomas Perez), and focus on the referral side.
The product doesn’t have to work well, as long as it’s a product we can’t be arrested!
We charge people between $500-$2000 and by the time they realize this product is garbage (stories starting to pop up online how the bot is losing everyone money) they have already got their friends involved in this pyramid scheme (and their friends money in their pocket), so who cares if the bot is a steaming piece of hot garbage.
As a top distributor I now go defend this product online (as a simple observer/customer), as I’m making money hand over fist on these people, and the longer this scam bot goes the more I”m making on bonuses!
Once people have lost a good portion of their money and realize this won’t turn around eventually like I keep telling them, I tell them it’s a down market in bitcoin…. But I’ve got this great new way to help all you friends/business partners/fools of mine to become a bitcoin millionaire!”
Translation. “I’m Chuck and I don’t realize how trading software works.”
Trading software is only as good as the parameters that the user sets for it. In a bull market for crypto anyone can win. In a bear it takes skill to win.
CWE has three trading platforms. I have only been using two of them because they have functions that work well in the current market for the parameters I set.
Actually Observer I”m also a professional trader and my sister developed a bot for the DOW that has worked successfully for us for 11 years so I understand trading perfectly well, and have made a fortune in it!
She also told me if I”m ever trying to sell an inferior product, especially one created by a career mlm stooge, I should get as many of the ponzi pimps on board as possible, and hit up facebook and have everyone on my friends list PM me about the details to this amazing new product, that is making millions for us and will for their greedy selves also.
The next step is go to youtube and try to fool more minions into handing over 35% of their bitcoin to me in referral bonuses, because all the best products and companies in history started from career scammers convincing regular fools to buy into their scheme through social media.
I told her only a piece of shit would do that though 🙂
Checkout simon stepsys Facebook, he is heavily pimping this and holding London meetings.
Hmmm? Is he now?
Looks like the slow death of this ponzi is in it’s future. Alexa rank dropping fast.
Simon Stepsys, the last clown pimping it hard, running out of stupid fools in a last gasp attempt going around the world finding willing to believe a career ponzi scammer created a miracle robot.
Maybe one last ditch effort at Africa can keep it rolling a few months longer, who knows. People starting to post online how they are getting crushed, losing their shirts and have been fooled into buying this shitty robot scheme.
It’s your own fault you fools for buying into something with the serial ponzi scammers fronting it. Learn your lesson for once!
For those keeping an eye on the decline of CWE, and all those upset with the POS bots losing a fortune for everyone but the scammers selling them, the “leaders” seem to be disappearing into the woodwork quickly.
One, Ryan Berkness the “simply passive scammer” known in the scamming world to use the nice guy persona to steal from anyone and their mom seems to backing off of shilling this scam recently.
Could Ryan finally have had a talk with his savior? Could guilt be causing Ryan to be backing off from stealing from friends, family, and anyone else he can con on YouTube?
Or is the writing on the wall the jig is up and it’s time to exit left finally with little money left to be stolen?
It’s hard to believe such a salesman, major promoter of USI Tech, Bitconnect, CWE and many other scams, able to garner 100K views in the video below and helping separate many fine yet gullible people of their hard earned money for his own gain would suddenly have an epiphany and stop stealing
youtube.com/watch?v=7ILU-iACAA4&t=135s
If you want proof he’s the one that one who convinced you to buy this CWE piece of garbage in any future lawsuits, save any videos that remain out there as they are going fast!
This self proclaimed “crypto currency expert” strangely hasn’t been involved in anything that isn’t either a Pyramid or Ponzi Scheme.
A Google search of these two Ryan Berkness and Tony Swiantek and their scamming history would have showed you right away to avoid this company. But if the names, Klingler, Calabro and Stepsys didn’t worry you, well you just aren’t very bright or haven’t heard of the internet yet.