Swisscoin Review: 25 to 15,000 EUR Ponzi points investment
If the name “Swisscoin” conjures up dejavu, it’s because BehindMLM reviewed “SwisCoin” back in October, 2015.
Swisscoin appears to be an unrelated company, despite the near identical name.
Whereas Swisscoin don’t appear concerned about potential confusion between the two opportunities, SwisCoin have published the following clarification on their website:
Recently we have noticed some duplicate projects in the market which have been started with similar name like “Swisscoin” hit the internet and being spread by certain people.
That project only has a login page so far. It has nothing to do with our project and people who designed it (are) trying to confuse everyone and use “swiscoin” as name of real crypto currency to attract people to invest money into their project.
Kindly be aware of such fake projects!!!
As noted above, the Swisscoin website is currently nothing more than an affiliate signup page. If you Google pages available on the site however, we learn the following from Swisscoin’s Terms and Conditions:
The following terms and conditions are part of each distributor agreement between the EURO SOLUTION GMBH, Ruessenstrasse 12, 6340 Baar, Kanton: Zug, Schweiz, represented by its CEO Mr. Werner Marquetant (hereafter: SWISSCOIN) and the independent and autonomous distributor.
Despite the Swiss address and name of the company, the Swisscoin Terms and Conditions instead make multiple references to German law.
SWISSCOIN treats any content stored on the servers by distributors as third-party content, as defined in the German Tele Media Act (TMG).
The company also only accepts German residence permits as proof of identity:
SWISSCOIN reserves the right to require from distributors, or the applicant in the case of registration by a legal person or partnership, that they prove their identity before any commissions are paid or any services are delivered.
Identity can be proven with a photocopy of the individual’s identity card or passport, or a German residence permit, and must be supplied within 2 weeks of the request.
Swisscoin banking also appears to be conducted in Germany:
The Swisscoin website domain registration also lists an address for Euro-Invest Consult GmbH in Leipzig, Germany.
The default language of the Swisscoin website is German, and while German is a national language of Switzerland, I suspect the company is infact being mostly operated out of Germany.
That said a Wener Marquetant does show up on LinkedIn, with the profile listing his location as Kanton Aargau, Switzerland. Whether this is the same Marquetant as Swiss Coin’s however is unclear.
In an official Swisscoin marketing presentation, Marquetant claims to be a Swiss citizen. I did try to research background information on Wener Marquetant but nothing came up.
Read on for a full review of the Swisscoin MLM business opportunity.
The Swisscoin Product Line
Swisscoin has no retailable products or services, with affiliates only able to market Swisscoin affiliate membership itself.
The Swisscoin Compensation Plan
The Swisscoin compensation plan sees affiliates invest in tokens:
- Trainee (25 EUR) – 200 tokens
- Tester-50 (50 EUR) – 500 tokens
- Tester-100 (100 EUR) – 1000 tokens
- Tester-250 (250 EUR) – 2500 tokens
- Tester-500 (500 EUR) – 5000 tokens
- Trader-1000 (1000 EUR) – 10,000 tokens
- Crypto-Trader (2500 EUR) – 25,000 tokens
- Crypto-Maker (5000 EUR) – 60,000 tokens
- Crypto-Broker (7500 EUR) – 90,000 tokens
- Crypto-Manager (10,000 EUR) – 120,000 tokens
- Crypto-Director (15,000 EUR) – 200,000 tokens
Invested tokens are converted to “swisscoins”, an internal cryptocurrency run by Swisscoin.
How many tokens are required to purchase a swisscoin, along with the value of swisscoin themselves is set by Swisscoin. Marketing material from Swisscoin claims coins will be generated from June 4th, 2016.
Swisscoins will not directly purchaseable by the general public, nor do they hold any value outside of the Swisscoin MLM opportunity.
Mandatory Reinvestment
All commissions paid out by Swisscoin (except the 8% referral commission), are split using a 60%/40% ratio.
60% of the commission paid out is withdrawable, the remaining 40% must be reinvested back into the company.
Swisscoin Affiliate Ranks
There are eleven affiliate ranks within the Swisscoin compensation plan.
Along with their respective qualification criteria, they are as follows:
- Jade – personally recruit at least two affiliates and have a downline that has invested at least 800 EUR (accumulated)
- Pearl – have at least one personally recruited Jade ranked affiliate and a downline that has invested at least 4000 EUR (accumulated)
- Sapphire – have at least two personally recruited Jade ranked affiliates and a downline that has invested at least 8,000 EUR (accumulated)
- Ruby – have at least one personally recruited Pearl ranked affiliate and a downline that has invested at least 20,000 EUR (accumulated)
- Emerald – have at least one personally recruited Sapphire ranked affiliate and a downline that has invested at least 40,000 EUR (accumulated)
- Diamond – have at least one personally recruited Ruby ranked affiliate and a downline that has invested at least 80,000 EUR (accumulated)
- Blue Diamond – have at least one personally recruited Emerald ranked affiliate and a downline that has invested at least 200,000 EUR (accumulated)
- Green Diamond – have at least one personally recruited Diamond ranked affiliate and a downline that has invested at least 400,000 EUR (accumulated)
- Purple Diamond – have at least two personally recruited Diamond ranked affiliates and a downline that has invested at least 800,000 EUR (accumulated)
- Red Diamond – have at least five personally recruited Diamond ranked affiliates and a downline that has invested at least 4,000,000 EUR (accumulated)
- Black Diamond – have at least ten personally recruited Diamond ranked affiliates and a downline that has invested at least 8,000,000 EUR (accumulated)
- Double Black Diamond – have at least twenty personally recruited Diamond ranked affiliates and a downline that has invested at least 40,000,000 EUR (accumulated)
Recruitment Commissions
Swisscoin pay a 8% referral commission to affiliates who recruit new affiliates and convince them to invest.
If a newly recruited affiliate convinces at least two affiliates to invest at least 5000 EUR within 30 days of joining the company, they receive an additional 500 EUR commission.
If 10,000 EUR is cumulatively invested, the affiliate receives 1000 EUR.
Note that Swisscoin affiliates cannot withdraw these funds, they must be invested in swisscoins (the 10% referral commission is withdrawable).
Residual Commissions
Swisscoin pay affiliates a commission of up to 22% on funds invested and re-invested by their downline.
The Swisscoin compensation doesn’t state how they track downlines, however unofficial affiliate marketing material suggests Swisscoin use a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team:
The first level of the binary team houses two positions, with the second level generated by splitting each of the first level positions into another two positions each (four positions).
Subsequent levels of the binary team are generated in the same manner, with each new level housing double the positions of the previous level.
Positions in the binary team are filled via direct and indirect recruitment of new affiliates, with residual commissions paid out as a percentage of funds invested.
How much of a percentage is paid out is determined by how much a Swisscoin’s downline has cumulatively invested:
- 800 EUR – 2% commission
- 4000 EUR – 4% commission
- 8,000 EUR – 6% commission
- 20,000 EUR – 8% commission
- 40,000 EUR – 10% commission
- 80,000 EUR – 12% commission
- 200,000 EUR – 14% commission
- 400,000 EUR – 16% commission
- 800,000 EUR – 18% commission
- 4,000,000 EUR – 20% commission
- 8,000,000 EUR – 22% commission
To qualify for binary commissions, a Swisscoin affiliate must personally recruit at least two affiliates.
Matching Bonus
Swisscoin affiliates are able to earn a matching bonus on binary commissions paid out to their downline.
The Matching Bonus is tracked via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates of their own, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 2 and so on and so forth down a theoretical infinite number of levels.
Swisscoin cap payable unilevel levels at eleven, with commissions paid out as a percentage of binary commissions paid to affiliates on these levels:
- level 1 (personally recruited affiliates) – 5% matching bonus
- level 2 – 10% matching bonus
- level 3 – 15% matching bonus
- level 4 – 20% matching bonus
- level 5 – 15% matching bonus
- level 6 – 10% matching bonus
- level 7 – 5% matching bonus
- level 8 – 4% matching bonus
- level 9 – 3% matching bonus
- level 10 – 2% matching bonus
- level 11 – 1% matching bonus
To qualify for the Matching Bonus, a Swisscoin affiliate must have invested in the Tester-250 package (250 EUR) and have recruited at least two affiliates who have invested in the Tester-50 package (50 EUR)
Rank Achievement Bonus
Swisscoin affiliates are rewarded with the following bonuses for qualifying at certain ranks:
- Pearl – a Mont Blanc keychain
- Sapphire – a Mont Blanc pen
- Ruby – 500 EUR
- Emerald – 1000 EUR and a Macbook Air
- Diamond – 2000 EUR
- Blue Diamond – A stainless steel Rolex watch or 5000 EUR
- Green Diamond – a “Diamond trip for 2” or 10,000 EUR
- Purple Diamond – a gold Rolex watch or 20,000 EUR
- Red Diamond – 100,000 EUR
- Black Diamond – 250,000 EUR and a “house in the location of your choice” or another 200,000 EUR
- Double Black Diamond – 1,500,000 EUR and another “house in the location of your choice” or another 400,000 EUR
Diamond Pool
The Diamond Pool is made up of 1% of all funds invested in Swisscoin.
Affiliates are able to earn up to seven shares in the Diamond Pool, which is paid out every 6 months.
How many shares a Swisscoin affiliate has in the Diamond Pool is determined by their rank:
- Diamond – 1 share
- Blue Diamond – 2 shares
- Green Diamond – 3 shares
- Purple Diamond – 4 shares
- Red Diamond – 5 shares
- Black Diamond – 6 shares
- Double Black Diamond – 7 shares
Joining Swisscoin
Affiliate membership with Swisscoin is tied to a minimum 25 to 15,000 EUR investment.
Conclusion
As is the norm with MLM cryptocurrency opportunities, Swisscoin has nothing to do with cryptocurrency.
Affiliates are essentially investing in Ponzi points, whose value is made up by Swisscoin.
Swisscoins are not publicly tradeable, nor can they be used to purchase anything outside of Swisscoin. This renders swisscoins little more than a points-based system affiliates invest in on the promise of a ROI.
In MLM, such schemes are referred to as “Ponzi points” business models.
The MLM side of Swisscoins is straight up chain-recruitment, with affiliates paid directly and residually to recruit new affiliates into the scheme.
This is important, as without constant new investment Swisscoin will collapse.
Those being pitched Swisscoin can also expect the usual Ponzi points rhetoric, including comparisons to bitcoin, claims that swisscoin’s value will forever increase, a debit card to make money laundering easier and eventual third-party merchant integration.
All have become cliches in the MLM cryptocurrency space, serving only as a distraction to mask the use of newly invested funds to pay off existing investors.
Be it Switzerland or Germany, Swisscoin operates as a Ponzi scheme with a pyramid scheme recruitment layer.
Either it will collapse or authorities will eventually shut it down. Either way, unless you invested early (and if you’re reading this as a prospective Swisscoin affiliate then you didn’t), expect to lose money when the inevitable withdrawal problems begin.
Bit of trivia for those interested:
Someone tried to launch Swisscoin as a cryptocurrency back in 2014.
Here’s how that went down:
Swisscoin the MLM opportunity appears to be unrelated.
Good explanation.
Dear Oz Soapbox:
I appreciate your debunking report on SwissCoin, SwisCoin and related subjects / warnings, however I would like to question you deeper on these issue, and debate your points based on my research so far.
I’m a seasoned Marketing Consultant with international clients, and some of these are interested in the potential of using (SwissCoin) crypto-currency for transactions & donations. Hence the importance of me determining if this a legal/legit operation or not.
I became a member of SwissCoin only after seeing certain documents (online and sent to me by the company) and being party to 9 or 10 phone calls with several Directors in the company – through my German friend who spoke at length with them, then translated precisely what the conversation had covered.
My intention here is to CLARIFY and RESOLVE any mis-information on your part, or indeed if I’m being duped by illegal or unethical practices, to discontinue and disengage immediately.
So I’ll go through your comments and allegations point by point, and would like your detailed and fact-based answers please:
1. In response to SwisCoin (1-s) sounding the alarm that SwissCoin (2-s) is a fake and trying to confuse and mis-lead people into investing in THEIR project, your response is:
The website is for MEMBERS, who have been enrolled at no charge and receive a password to enter the site.
Once verified, the member enters a ‘Back Office’ dashboard that’s PACKED with information, real-time stats of partners, downlines, bonuses, token value, coin value, accounts, shop, info-center, earnings, split-indicator, trending, cash accounts, e-wallet, leaderboards, networks, webinars, training materials, tools, news and a plethora of other useful information.
There are also a number of sections/pages that indicate that content is ‘coming soon’, based on structures being established (eg, a Foundation, Academy, Career etc)..
Is there anything wrong or illegal with not having a public website? Is 1-S SwisCoin crying sour because (it appears) their product is not gaining significant uptake?
I’m seeing numbers (of readers/visits) like 617, 588, 329 etc, whereas SwissCoin has from reports I’m getting (direct from the company and verified by members at founding levels) that over 260,000 people have joined in the first 6 weeks since pre/launch began!
So, can you verify or qualify your comments above?
2. In response to the comments (again by SwisCoin 1-S regarding the name and location of the company (quote) The following terms and conditions are part of each distributor agreement between the EURO SOLUTION GMBH, Ruessenstrasse 12, 6340 Baar, Kanton: Zug, Schweiz, represented by its CEO Mr. Werner Marquetant (hereafter: SWISSCOIN) and the independent and autonomous distributor.
Your response is:
I have independently researched EURO SOLUTION GMBH on the web and came up with SWISS DOCUMENTATION verifying the company is a listed Swiss Company in Kanton Zug, with Werner Marquetant (and others) listed as directors and founders.
I also found reference to assets and financial status that complied with Swiss law, further substantiating the document. I also received (by email) the business-registration records directly from Mr Werner’s colleague (who shall remain un-named until I have his permission) and several other company documents (after a phone call with this gentleman) that appears to be authentic.
Now, one detail raised a question in me, the fact that this document was not signed. When my German friend and I questioned Mr Werner’s colleague (let’s call him Martin) he indicated this registration (in Switzerland) did not carry a signature.
He explained in detail that global financial activities are conducted from Switzerland for the very reason that ANONYMITY is respected and protected.
It’s not desirable or required that people in the business to be publicly exposed, listed on LinkedIn or have personal information available to the general public.
This (apparently) is a LONG tradition in Switzerland, and is EXACTLY what makes it unique in the high-rolling world of finance and banking.
To further validate the factual existence of the company, the directors and therefore the product, I am aware of a German gentleman named ‘(removed)’ who is a long-time friend and partner of the man that (through my German friend) invited me to become a member. His name is (removed).
(removed) related that (his friend) (removed) personally visited Werner Marquetant and his staff in Zug at their offices, TOURED the premises, SAW operations and activities, equipment etc, MET staff and was so impressed he (literally) wrote a check for 10,000 Euros on the spot, and secured a senior level position in the company.
I’m happy to provide phone numbers and emails for you to connect with (removed) and verify / discuss this further.
By the way, (removed) himself invested 1000 Euros worth of BitCoins in the company, and also secured himself a higher level starting position.
In the 4 weeks after joining and enrolling 17 people, (removed)’s downline swelled to over 560 people, and his (cash) income is over 2,500 Euros. I’ve seen screenshots of his SwissCoin dashboard with my own eyes, also available to be sent as evidence.
Would you please comment on these points and debate/refute or consider that perhaps MORE RESEARCH on your part might prove SwissCoin to be legal and legitimate?
3. Regarding the points (from SwissCoins Terms & Conditions): SWISSCOIN treats any content stored on the servers by distributors as third-party content, as defined in the German Tele Media Act (TMG).
Your comments are:
and also:
Your natural deduction is: Swisscoin banking also appears to be conducted in Germany.
We didn’t ask (Martin) directly about this, so I’m going to make an assumption that at the time the Terms & Conditions were written, the company was initially targeting German members.
I’m willing to make this assumption because ALL MATERIALS were, until just the last week or two, in German with basic translations into English, then other languages. What we have understood from (Martin) is that MAINLY Germans have enrolled at the onset.
However the fact is that each person that enrols (through the website) is required to state their name, address, country, passport number & expiration date, bank details (linked to their address) and several other details.
So your comment about ‘only accepting German residence’ is inaccurate – so I’d like you to remove or qualify that statement please.
Regarding your comment about “banking appears to be conducted in Germany”, I have in front of me a document that lists bank accounts in Germany, in Switzerland and a BitCoin account. For certain tax reasons, these accounts may be used by different residents of regions within the EU.
An interesting detail is that the German bank account name (‘Payment Service Provider’) is called ‘EURO-INVEST CONSULT GmbH’, whereas the account name for the Swiss bank is EURO SOLUTIONS GmbH – which sync’s with the company name on Swiss business registration papers I’ve inspected.
I’m happy to provide these documents once I have permission to do so.
I’d like your comments on this please, and upon seeing the documents, ask you change these statements to accurately reflect the banking status of this company.
4. A quick review of your comments as follows includes:
As stated above, I have documentation of the company located in Kanton Zug, Switzerland, and FIRST HAND evidence from a trusted colleague that visited the people and premises.
This is an incorrect and erroneous statement. The company is being operated out of Switzerland.
Mr Werner Marquentant is listed on the (Swiss) company registration as the shareholder and Manager of EURO SOLUTIONS GmbH. Mr Maraquentant resides in Bottenwil, Switzerland, a 1-hour commute to the office in Zug. This information is available upon request, and permission from the company.
My research turned up that Werner Marauentant is originally from Kölliken, so logically that would make him a Swiss Citizen, correct?
5. Regarding your comments: Read on for a full review of the Swisscoin MLM business opportunity.
This is inaccurate. The ‘Products’ are in the form of ‘Training Packs’, which are available to Members after registration starting at 25 Euros and going up to 15,000 Euros.
There is NO obligation to purchase, no pressure and no penalty. The Training Packs comprise an acknowledgement of involvement in the collective investment pool, and qualify each member to interact and be rewarded at various levels and in various ways consisting of BONUS payments for PERFORMANCE.
There is nothing shady, illegal, or wrong in this structure. I’ve seen similar structures / incentive programs existing parallel with the physical product (in this case electronic tokens) with many MLMs in the past.
At certain levels of investment, further items of acknowledgement are provided: certificates, pins, trips, even a HOME for the highest level of performance..
6. Regarding your comments on Recruitment Commissions and Residual Commissions: I’m taking some advice on this to clarify (my understanding) before challenging your comments. Pending my next response post.
7: Fast forwarding to the CONCLUSION of your report, my comments in-line:
I challenge this statement based on everything I’ve seen, heard and experienced from company directors, founding members and my direct partners.
For example SwissCoin has agreements in place with MasterCard (launching September 2016) to facilitate using it’s crypto-currency for purchases, trades, and transfer of funds.
SwissCoin appears to have a sophisticated plan to trade the COLLECTIVE POOL of the investment of members (much like a large insurance company invests the fees and annuities paid by it’s customers). The company intends to ‘organically’ raise the value of SwissCoins over the next 12 – 18 months, which can be converted from SwissCoin Tokens held by members – either paid for in cash, or earned by referring new members and accumulating bonuses.
A rather inflammatory statement to be making without proper due-diligence I believe. Once you are satisfied by the evidence I can provide, I would like to request this statement be amended to a more accurate one!
If there is no trading then you could call this a Ponzi scheme, but from all evidence (and I recommend you go deeper / more current), the TRADING is ON TRACK based on membership growth, accumulated value, deals currently in place or pending with significant partners (eg MasterCard) and other factors.
There is nothing illegal or Ponzi-ish about entering the Trading market at the correct time with maximum impact to realise an exponential growth in SwissCoin value. This is what ALL CRYPTO-CURRENCIES are attempting to do.
The current strategy and plans of the company indicate that SwissCoins WILL BE TRADEABLE in the near future (dates are available from the company) once the currency has a market value!
It makes NO SENSE to trade until there are investors sufficient to represent the perceived value of the currency. What else gives crypto-currency – or for that matter green-backs no longer supported by gold-reserves ANY VALUE except what people / the market / the banking system determines the value to be!?
SwissCoin is a points-based initiative, that’s correct. However, ALL INVESTMENTS promise an ROI, and MOST never deliver for legal and justifiable reasons.
To call this a Ponzi scheme based on the same principles that MANY new crypto-currency start-ups are using is an abuse of your publishing power, and is unfair to both your readers and those that may be interested in an opportunity that SwissCoin MAY become.
To make this statement is an attempt to strike fear into your readers and support your unfounded (aka un-researched) point of view.
Statements like this are extremely damaging when you are seen as a (top Google-ranked) authority in this arena. (Ozedit: Offtopic derail attempt removed)
As a matter of fact the founders and company are surprisingly LOW KEY and not making hyped-up claims, promises, statements of ‘get-rich-quick’ or anything like this. Our colleague (Martin) has advised a slow & steady pace along the lines of a HOBBY as the emerging crypto-currency industry gathers momentum.
Your incendiary rhetoric leans toward slander with emotionally loaded descriptions and sordid opinions – without really knowing the FACTS.
Let me clarify. I’m not ultimately defending SwissCoin because I don’t ultimately know what will happen.
EVERYTHING is manipulated these days – from the news to the elections, from world economies to food sources. We live in a MATRIX of (Ozedit: Offtopic derail attempts removed)
Take the great ‘War on Terrorism'(Ozedit: Offtopic derail attempts removed)
And your closing comments:
well yes, I’d be considered an early affiliate in your version. I’ve invested exactly NOTHING so far, and expect I’ll buy maybe 500E worth of SwissCoin tokens.
As with any investment, no one should NEVER invest ANYTHING they aren’t prepared to lose. That’s the game of investment! In terms of the MLM, some will want to play it big-time for the ROI, but some.. like me, get a kick out of the POSSIBILITY that SwissCoin could provide a retirement fund, some extra spending money, a holiday, a quad-bike for my kid when he’s 15 and so on.. y’know, a bit like LOTTO.. it’s all a gamble.
But your statement is not based on fact, it’s based on your unsubstantiated opinion. In fact, I would challenge you to (Ozedit: Offtopic derail attempts + recruitment spam removed)
With Respect,
Zen
(Ozedit: Names removed due to SwissCoin investors not wanting to be publicly associated with a Ponzi scheme)
Hi Zen,
In MLM there is no excuse unless you have something to hide. It is a major red flag.
Filing paperwork in one country doesn’t make the company operated from there. Neither does having one corporate stooge while the rest of them are obviously in Germany.
It’s not a co-incidence German is so prevailent and that the majority of SwissCoin investors are German. SwissCoin started there and that’s obviously where the actual owners are based out of and/or from.
Incorporation != where a company is being operated from.
There is no legitimate reason for an MLM company to hide ownership and management details. Absolutely none. It’s a business and full transparency is required.
The only MLM companies that claim their owners need anonymity are scams. And that’s backed by almost a decade of covering the MLM industry.
Your friend purportedly met SwissCoin management, so you should have no problems providing SwissCoin’s complete corporate structure and ownership details.
Those aren’t “retailable products or services”.
No retail in MLM = commissions paid out of affiliate fees = pyramid and/or Ponzi scheme.
No they don’t. Some dodgy schmuck is letting SwissCoin use a white-label service to provide SwissCoin members with debit cards.
This is obviously your first MLM cryptocurrency rodeo, but this is something we’ve seen time and time again.
You can’t just “organically” raise the value of invested affiliate funds. Besides, without an external source of revenue anything you pay out is affiliate funds, making SwissCoin a Ponzi scheme.
Nobody is trading Ponzi points that are completely useless outside of SwissCoin and hold no external value.
The correlation between membership growth and ROI payments is SwissCoin has new affiliate funds to pay off existing investors with.
Ponzi points will never hold value outside of the scheme they are attached to. People outside the scheme aren’t going to invest in points propped up in value by a central authority issuing the points. It’s a closed-loop system built on the usual MLM cryptocurrency Ponzi promises of “going public” and “creating value”.
Paying affiliates to recruit affiliates in MLM = pyramid scheme. This is fact and has nothing to do with fear.
The owners of a Ponzi scheme are anonymous and low-key? Yeah… there’s nothing surprising about that at all.
Then you haven’t gone over SwissCoin’s compensation plan. Your friend martin will make some money off his recruiting of you and your friends.
You’ll either lose your money or do the same by recruiting new victims into the scheme.
The SwissCoin Ponzi points will be given an arbitrary value and affiliates will be able to cash out until invested funds run dry. The scheme collapses and you become a Ponzi denier, proclaiming your innocence and claiming you had no idea you were being scammed.
There is no excuse or justification for Ponzi schemes. None.
Another day another cryptocurrency scam. As you said in an answer to a previous comment, there is no excuse or justification for ponzi schemes, none!
It’s OneCoin with a cuckoo clock veneer of respectability cos Zug.
If you want to waste ten minutes of your life, watch this truly dreadful promo:
no linkteam-map.ch/swisscoin-lp-en-tmsinvestmen/
…and rename it DullCoin.
Still not clear to me.. What do you mean by swisscoin has nothing to do with crytocurrency?
Investing in tokens that are converted to more tokens, the value of which is determined by a central authority and cannot be used for anything of real meaning, has nothing to do with cryptocurrency.
Dear Oz,
I’m preparing a response to your notes above regarding Swisscoin, however in the meantime I would like to request that you delete or change the names of (removed) and (removed) to pseudonyms – as these are real people and have asked to be removed.
Also I think it would be prudent to remove THIS request once text is altered for continuity. Sincere thanks, Zen
(Ozedit: Names removed due to SwissCoin investors not wanting to be publicly associated with a Ponzi scheme)
Why? Is what you wrote incorrect?
Why are Ronny and Mario ashamed of being associated with Swisscoin?
You didn’t publish (removed) and (removed)’s surnames, which should be good enough.
I’m not in the habit of editing comments unless there’s a good reason. Wanting to hide in the shadows is not a good reason.
(Ozedit: Names removed due to SwissCoin investors not wanting to be publicly associated with a Ponzi scheme)
Dear Oz, obviously my last email offended you, hence you removing it from public view.
My apologies, and again I would like to state, the people whose names are mentioned have requested to remove or change them (eg Robert and Markus) for simple professional reasons.
They are not ashamed, hiding or otherwise concerned. It is SIMPLY their request.
Could you please do this as a favour to me, as I did not seek their permission before writing my response on your blog.
Sincere thanks, Zen
I don’t see how first names are identifiable. They’re hardly unique names.
And let’s cut the crap, “professional reasons” = we don’t want to be publicly associated with a Ponzi scheme.
Anyway seeing as you’re a third-party and not the individuals in question, fair enough.
Thanks for removing names Oz..
I wanted to tweet this but your account is suspended. May I ask why?
Had BehindMLM in the mentions, that account was never mine and is suspended.
Never used to be a problem, guess Twitter changed something on their end.
Anway fixed now, thanks for catching that.
Great a nother “promising” cryptocurrency!
Whats The difference between Swisscoin and Onecoin?
Cause to be honest, it looks extremely similar!?
both onecoin and swisscoin are selling ‘training/educational’ packages which bring some tokens with them, which can be mined into ‘coins’. both are centrally controlled with no real world value and ‘promises’ of being tradeable in the ‘future’.
onecoin seems to be threatened with the ‘new kid on the block’ ie swisscoin, as the german lawyer of onecoin, andre schenk [of the firm ‘schulenberg and schenk’ which wrote a one paragraph ‘legal opinion’ declaring onecoin to be legal], published a video recently, accusing swisscoin of copyright violation and unfair competition.
according to a translation of this video [which is in german], provided by onecoin promoter ken labine 9 hrs ago on FB, the following is schenks message:
so schenk is saying that swisscoin is a copy of onecoin, has stolen its terms and conditions in breach of copyright law, and warns against swisscoin.
schenk should put his money where his mouth is, and sue swisscoin for breaching copyright and competition laws in germany! but yeah, we know he wont, because ponzi schemes and courts don’t gel well.
a conversation on labine’s FB page some hours ago, shows onecoiners are nervous about swisscoin gobbling up fresh investors, as onecoin has a lot of ‘negative press’. it seems swisscoin has reached 500.000 members in just 6 weeks, drawing potential investors away from onecoin.
hmmm, one ponzi killing another?? there’s some poetic justice there!
the schenk video:
youtube.com/watch?v=VnWqtvPpM9Y&ab_channel=KenLabine
There’s nothing on his FB page now (apart from WOOP 2.1 gazillion members!) so I think he’s probably had another slap up the head from the new “Compliance Dept” about being us haters’ best PR man.
The vid originally comes from here I think
coin-blog.de/vorsicht-vor-swisscoin-anwaelte-warnen/
while the shifty eyed sleazeball Shenk’s partner Schulenberg also gets in on the act with a pompous (English) announcement on their company site:
sus-law.de/2016/05/31/kryptowahrungssystem-swisscoin-unsere-einschatzung/?lang=de
Ironies are dripping like a leaky roof in a monsoon here, with Schulenberg proclaiming (re: Swisscoin):
Hahaha, like BigOneCoin you mean?
Hi OZ,
I just knew the Swisscoin. It came to my country Cambodia. It is good or not to invest with it?
Try reading the review champ. I’m not here to offer you personal investment advice.
Hi Oz,
Swiscoin website just release an announcement that Swiscoin just joint the Coinmarketcap :
coinmarketcap.com/currencies/swiscoin
Can you tell me, what is Coinmarketcap and what is the meaning of joint this market ? After this joining, is Swiscoin prove any thing about it business ?
It’s confirmation that, up until now, Swisscoin has been operating as a Ponzi points scheme as laid out in this review.
They’ve now attached those Ponzi points to a cryptocurrency script and are hoping outside suckers will pay them.
Given there’s no demand for the Ponzi points or Swisscoin cryptocurrency outside of the scheme itself, the price of the launched coin will shortly crash. After which Swisscoin can take its place among the hundreds of failed shitcoins launched every year.
What the launch does do is provide the owners of the scam with an out. When investors start wondering where they’re money went, they can say “oh but there’s nobody buying the coins, totally not our fault”.
Either way, you still lost your money in a Ponzi scheme.
Thank Oz,
Do you have any comment about Swiscoin and Swisscoin ? ( Swis vs Swiss – one letter “s” and two letter “s”).
In my own research, Swiscoin has it office at Dublin, UK and Swisscoin descript themselves that they are from Swissland.
I’ve reviewed both. SwisCoin Review can be found via the search bar on the top right.
The head of swisscoin is a very big german scammer named Manfred H. Mayer. Read my comments here:
NOLINK://mlm-infos.com/ftopic41540.html
Google or Bing will translate this for you.
How ever, I’m in, will not invest much but look from inside what’s happen. I like these, been in the industry 25 years .. fulltime.
@Melanie
Manfred H. Mayer is also behind the OneCoin (and Shenk’s partner Schulenberg is one of his legal advisors)
here an older video :))
youtube.com/watch?v=POd0MXhFr0E
youtube.com/watch?v=nvRhvnDEJJ8
Hi Oz, About swisscoin dashboard broken.
Currently SPLITINDICATOR 93%. Can I internal transfers now? Can I buy the package now?
No idea. I don’t run SwissCoin.
Who made such an indicator and why should you trust it?
I think it’s a Ruja Innovation. Let’s hope OneCoin sue them, that would be fun.
As is obvious, it has zero statistical meaning and is used in the same way that Pavlov used his sugar lumps.
Thank Oz fr the most complete explaination.
I almost lured to invest in swiisscoin today. this particular scheme has been widely accepted in Malaysia now. Hopefully people will reakuse it.
It is ideal going through thorough investigation before investing one’s had earned money in business of whatever form.
Be that as it may, the simple question is Why should BEHINDMLM ponzi piece be suspended, hence deprived the property of being shared online? Is it that it has crossed the line permissible by the right of publication or what?
Beside, i think it is the duty of a legal body to stop swisscoin from further speculations, if truly found to be ponzi piont.
Moreover, it is better to invest a little than none pending when swisscoin will be officially lunched in Dubai by 2017 as this will ascertain the true business of the organization.
We should all bear in mind that no cryptocurrency is superior to other. Rather, their value are determine by speculation which is the ability to make a louder jingle just as swisscoin founders are doing.
Because scammers have a harder time scamming if their smoke and mirrors are blown away.
I think the issue here is dollar versus euro in a competition for members, in as much as a swisscoin is not sold in dollar, then is assumed to be illegal.
Incorrect. The issue is SwissCoin’s admins dumping worthless premined altcoins onto unsuspecting victims.
Regardless of the currency used to invest, Ponzi points are still Ponzi points.
Has anyone of you ever come across this word “no dead legs” as used by swisscoinners (founders) to assure the public that their investment is secured.
Beside, can bitcoin be used outside its affiliates who are actually providers of goods and services that are purchasable?
In addition, swisscoin has been advising it’s investors to acquaint themselves with the block-chain tech used by bitcoin via webina.
No. This must be some new Ponzi jargon they’ve come up with.
Bitcoin has no affiliates.
Does swisscoin involve any financial risk at start and would your tokens or coins grow without referring any body as a down line?
It’s… a Ponzi scheme.
Yeah sure, why not. Your invested funds however are long gone.
Dear swisscoin accounting team.
I would like your support to track the amount of money which I transfer through my bank since 4 weeks for my swisscoin account using the recommended address.
Unfortunately until now I didn’t receive any confirmation about this amount of money. kindly see the attached transfer documents.
Hey, As i have been reading until now and lots of posting regarding swisscoin that lots of partnership with payment merchant would come by September 2016.
September 2016 have passed away now, rather than payment merchant increasing all off them are been removed from the Swisscoin platform saying… coming soon… except for the Bank Account Details, can anyone here advise?? also on partnership of MasterCard with swisscoin??
have read every story about bitcoin. I believe this bitcoin story will repeat itself with swisscoin.
If you are too afraid to invest in swisscoin, then take part in the MLM parts which you can make up to 20, 000 euros.
I prefer to lost 500 euros now than to lost 1 million eurso in the future. My new investment path is in cryptocurrency. Etheriums and now swisscoin.
Yeah, this seems to be what every MLM cryptocurrency Ponzi pimp believes.
Closed-loop investment and no legitimate public supply and demand means it’s never going to happen though.
So if you don’t want to lose money in a Ponzi scheme, focus on the pyramid recruitment side of the business?
Nice.
Why not just not invest in Ponzi schemes altogether and not lose anything?
Please this swisscoin stuff is still not clear to me though i just heard about it last month.
if i buy like 2000 tokens and dump it in my account without getting downlines will i still make money from this? (Ie will my account grow and can i withdraw it?)
@McDonald
Not so much money as monopoly money in your backoffice.
The money in an altcoin pump and dump scheme is in affiliate recruitment. The Ponzi points themselves are worthless.
@oz thanks a lot pls i would like to have some private chat with u.
I’m not giving you any personal investment advice if that’s what you’re after.
Hi Admin, What could change in your review if swisscoin goes public in August 2017 and if the blockchain of 2billion coin they are building become decentralized like bitcoin?
Why was bitcoin (Ozedit: Bitcoin isn’t a pump and dump Ponzi points scheme. Offtopic derail attempt removed.)
Nobody outside of the opportunity is interested in buying into Ponzi points.
Pump and dump schemes always crash, the points are worthless outside of the scheme (no matter what your backoffice tells you).
And what’s this talk of “building a blockchain”? Are SwissCoin going to abandon the current blockchain ala OneCoin?
That’s totally not how legitimate cryptocurrencies work.
Then How it works.. give clues and possible information reference.
Come on mate. Get off your ass and do your own homework.
Recently there is an Andrea that has been touring Southern African countries promoting this SWISSCOIN scam and he still is, making promises and all of the stuff that has been mentioned in this review article.
But I noticed a lot of contradicting information he has been posting on the Whatsapp Swisscoin SA groups he is operating and his getting jittery when ever you ask him about something.
What I would also like a clarification or maybe some more information on is How many Andrea ‘s are there in this Swisscoin SCAM … as the guy that came and claims to be Andrea is a much younger one to the photo I have seen somewhere here or in one of the other reviews.
Any idea what the German authorities are doing to stop these people because they are going all over the world now preying on unsuspecting people?
what means to get a source code Github for a cryptomoney!!
swisscoin shaw this one: github.com/sylvainblot/swisscoin?files=1
Also a SWISSCOIN-SHOP swisscoin-shop.de
And a page of blockchain..
swisscoin.space — Open with firefox
Is that definitive evidence of the credibility of the project or another Ruja’s shutterstock!!
@onezero
That can all be madeup. Unless a cryptocurrency is publicly tradeable (then you can test transfers and see if the blockchain isn’t fluff), everything else is pointless.
(Ozedit: See above)
We can see swisscoin wallet via wallet.swisscoin.eu…. it’s no scam
What you can see is an affiliate backoffice that shows your generated Ponzi points. Reads off a database and takes 2 mins to setup.
That’s where you get it wrong… swisscoin backoffice is on swisscoin.eu but the blockchain explorer is live via explorer.swisscoin.eu and blockchain wallet via wallet.swisscoin.eu so it’s clear that the swisscoin cryptocurrency is no scam.. please do your research properly.
Affiliate backoffice, internal blockchain explorer, internal exchange, internal wallets… Script generated Ponzi points confirmed.
Anyone, lots of slagging on going off here but is OZ right, is Swisscoin a load of bolloxs or is it worth $100?
I think as of now, it will be better that anyone in doubt of swisscoin can actually verify its market capitalization and exchange with other leading cryto currencies.
presently, the said token generated are converted into electronic coins and are being transferred into a decentralized block chain where the entire public can monitor it.
All the same, Thanks a million time OZ for your effort at stemming the rate of ponzi scheme out there, you are a rare gem and your effort is never in vain be accurate or not.
It is sine-qua-non at getting the very best from founders who dare to go into monetary servicing at level on their toes, and a mechanism to deter fraudsters out there on the internet.
GOD bless you
Yours sincerely Rational
The problem with a Ponzi point scam eventually coming up with a cryptocurrency is it’s backed by nothing than investors chasing a lie.
It’s the end game for the Ponzi points model. Investors transfer real money to those running the scam and they get worthless points and then (if they’re “lucky”) a worthless altcoin.
You can’t shoehorn organic supply and demand by soliciting Ponzi point investment and then paying some developer $10 for a cryptocurrency script.
Market capitalization in a Ponzi points scheme, even with a launched altcoin, is nothing more than desperate investors chasing a lie. It has nothing to do with legitimacy, which is non-existent in a business build on fraud.
Did that happen did we miss that?
I did check CMC but didn’t see anything listed.
They might have launched a bought script altcoin on some “we list anything” exchange, but I haven’t personally seen anything yet (didn’t look past CMC).
@Oz
No need. Just do what Onecoin did and use a looping video for your “blockchain.” 😉
shutterstock.com/fi/video/clip-1089709-stock-footage-computer-program.html?src=search%2F5ZPKdzQrAiS-XDfNB9KsAA%3A1%3A90%2F3p
You are wrong because, swisscoin is using the same pay spot as bitcoin, this pay spot, is a database developed at the emergence of bitcoin, which included a totality of lists of place where cryptocurrency is accepted worldwide.
swisscoin actually came as result of problem (of shortage of bitcoin despite lending bitcoin concept which was designed to address its shortage) surrounding bitcoin.
@Rational
Seeing as that doesn’t even make the remotest lick of sense, I’m calling BS.
Ponzi points don’t need a blockchain. A database of point balances for each affiliates is what most use.
(Ozedit: spam removed)
and the breaking news of swisscoin getting ready to be listed very soon in a honkong crypto exchange IPO?
Please don’t post links to internal wallets and exchanges. Obviously Ponzi points are going to be stored and traded internally, nobody outside of the scam is interested.
And how does one get “listed in a crypto exchange IPO?”
Stop parroting nonsense from your upline that doesn’t even make sense.
let’s see how the public trading goes by testing all the apparatus of a decentralized and authentic blockchain regardless of its customization or internalization which is highly necessitated for security enforcement and for credibility purposes.
That’s a lot of marketing spiel. Short answer is there’s no demand for Ponzi points outside of a Ponzi scheme.
And you can’t test public trading. Either SwissCoin’s Ponzi points are publicly traded or they aren’t.
Most of these words don’t belong in cryptocurrency. Try looking for them in a blockchain related glossary. The ONLY thing you’ll find is “blockchain”.
You’re been razzle-dazzled with bogus jargon that you’re now parroting. Tsk, tsk, tsk.
@Kassey Chang
you have actually exhibited the emptiness in you, oh you think blochain just fell from the sky or it was dug out of the ground?
I can see that you do not have the slightest idea of what app development entails. so,it is needless try to put you through on the terms.
little wonder why you are rather making extremely disruptive noise compared to a talking parrot.
Tsk, tsk, tsk. All you can do is insult me, not trying to defend your position. Guess you ran out of logical arguments.
emptiness like non-existent ‘coins’? lmao!
Finally, swisscoin is on public exchange. Listed on coinexchnage.. so the company has proofed you wrong. No need for this your shitty post.
You can check coinexchange.io/market/SIC/BTC to see for yourself.
It’s not impossible to convert Ponzi points into a cryptocurrency.
The admins pay some scmucks in India 50 cents for an out-of-the-box solution and then just dump premined coins on affiliates (the equivalent of their Ponzi points).
They then get their otherwise legitimate altcoin listed on an exchange and, after an initial trading surge by desperate affiliates, the public value crashes.
Great exit strategy for Ponzi points admins, but doesn’t change the fact that SwissCoin is built on a foundation of Ponzi fraud.
What happened was that a few billion coins were dumped on coinexchange. From an initial listing of 8500 Satoshi (representing the “official” value) it quickly dropped to 10 Satoshi.
Meanwhile, the investors have not received their coins in their wallet, but they are encouraged to take advantage of the very low price and buy and hold as much as they can on the exchange. Throwing good maney after bad, anyone?
It has clawed its way up to 27 Satoshi, probably with large pumping efforts. Still a long way to reach even 1% of what investors payed for it, and certainly light years from the projected values.
SIC yust flatlined.
-Blockchain is pumpuing new coins at a rate of 40million every few seconds: blockexperts.com/sic#
And its dead: coinexchange.io/market/SIC/BTC
Where is that Idiot @Rational Shouting like a 50 years Old train and trying to proof wrong right??
Can you come here now and open your Donkey mouth to defend your so called Swisscoin?? Set of Morons wasting peoples Time Since 2015.
@OZ You are the Best Here. 2 Hands Up for your genuine research and futuristic seeing.
Swisscoin The Worst Team Ever and The Best Grand Slam Scam of the year 2015/2017.
Don’t forget: The serial-scammer Manfred H. Mayer started with OneCoin – and called that richcoin.eu:
share-your-photo.com/img/d537a105ea.png
Today richcoin.eu shows only this:
share-your-photo.com/img/afdc4d9e7b.png
Manfred H. Mayer is also the REAL “CEO” from swisscoin.eu – not Horst Wefer, an old man, 72 years old! Horst Wefer is only a “CEO” on the paper (here’s the imprint from today):
share-your-photo.com/img/a655780a3c.png
Since May 2017 Manfred H. Mayer is the “CEO” from VETO-CONCEPT AG, official in the german commercial register:
share-your-photo.com/img/bdfa2c898c.png
A “swisscoin” from Leipzig in GERMANY! Not from switzerland!
The compensation and downline structures are classic Ponzi attributes.
Swisscoin is a scam, pure and simple and the only people who will ever make any money from it are the con men who started it and a few early investor evangelists who make a big noise on forums about the supposed opportunity.
I was involved in a telecoms MLM scheme in the early 2000s and the big gatherings and roadshows were always attended by the same three or four guys endlessly banging the drum and showing off their four-figure earnings cheques to encourage new recruits.
These cheques were subsequently revealed to be fakes.
One of these cheerleaders, a guy named Kevin Foster went on to create his own Ponzi scheme called the KF Concept which itself used a fake art company called Planline that got round the pyramid scheme law to some extent by selling crap prints but was actually a simple binary downline scheme financed by punters buying the rubbish so-called art for stupid amounts of money.
Foster lived the super-rich lifestyle with a big house in Kent, Ferraris and an attic stuffed full of extremely expensive supposed collectibles, all paid for by the suckers who bought into his bullshit.
He ended up bankrupted when the authorities shut him down and was subsequently given a ten year stretch for fraud. Most of the millions his organisation gathered was never recovered.
STAY AWAY FROM SCHEMES THAT PROMISE BIG EARNINGS IF YOU RECRUIT NEW MEMBERS!!!
Manfred seems to have exited from SwissCoin. What transpired after the flatline of SIC in November, where 40 billions coins were created:
– SwissCoin called it a hack, but exchange revealed that it was the result of SwissCoin developers uploading a blockchain with mining activated which someone took advantage of.
– Exchange gave two options, 1. fork off a new coin SWC and reinstate SIC to original status 2. keep all new coins as SIC and SwissCoin pays the deficits to the exchange. Option 1 was selected of course.
– Since restarted on exchange, SWC has flatlined at 1 satoshi, SIC is slowly and steadily going towards the same value, only spurious pumpndump trading
– Communication from leaders have been more sparse, seems a lot is taken off public view to a private telegraph channel
– Christian Hoffmann has emerged as the new owner of SwissCoin, with a new company called “Swiss Fintech Development AG”. It is announced a new roadmap and white paper will be announced, and they are advertising to create a new community.
Meanwhile, the ICO investors have still not received their coins. The current excuse are audits because of everything that happened on the exchange.
OZ, I think an article of the SwissCoin developments would be due.
Their new websites:
NOLINK://swissfintechdev.ch/ (WordPress)
NOLINK://facebook.com/Swiss-Fintech-Development-AG-171821330120309/
No! I can not find this company in the Swiss Commercial Register.
Christian Hoffmann has long been known as a fraudster. Among other things, with its rip-off portal ip69 internet solutions AG.
The wheels on the bus go round round round…
After Manfred Mayer’s exit, investors seems to put faith in the new “Swiss Fintech Development AG” company and that they will make good on the promised pre-mining coins that noone actually seems to have received.
A number of deadlines and excuses have come and went, next one is May 1. Current excuse is audits.
The new company now seems to blame everything on Veto-Concept AG.
Meanwhile Manfred is trying to startup a new project, this time based on Ethereum. Maybe this time he won’t stumble as much as he did with SIC. The sudden coin release in fall 2017 seems to have been a spur of the moment thing.
“Wait, we could just make a cheap coin clone, put it on an exchange, and we have bought more time.”
The issue of transferring the “pre-mined coins” from the back office database was obviously something they had no idea how they would be able to do.
Aaaaand, there’s yet another Swisscoin: swisscoinlab.ch
Can’t see any relations to the existing one or Manfred’s new coin.
Funny that they chose to use the name of an established “shitcoin”.
They even spend six slides in their presentation to distinguish themselves from the other coin.
swisscoinlab.ch/docs/Swisscoin-SCN.pdf
Meanwhile, nothing seems to happen with the “Swiss Fintech Development AG” Swisscoin.
@Niente
The domain swisscoinlab.ch is for sale:
NOLINK://share-your-photo.com/25fe894725
On October 17, 2017 were also registered: swisscoinlab.com – swisscoinlab.net – swisscoinlab.org – swisscoinlab.info – swisscoinlab.biz
As opposed to the other Swisscoin companies, this one actually seems to have a registered company (Swisscoin GmbH) at the address they state on their web page.
zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-386.387.786#
It’s registered on a Daniel Serex von Maracon in Lausanne.
According to the registration they are organizing training and events in the cryptocoin business, as well as development. It doesnt say anything about selling or trading coins.
It remains confusing. The imprint of swisscoin.eu:
NOLINK://share-your-photo.com/b7a70ddf83
And here, for comparison, the domain registration of swisscoin.eu:
NOLINK://share-your-photo.com/6e89b4f583
So they have set the email address to the new “fintech” company but kept the name of Manfred’s company. Very confusing.
After a flurry of news right after the takeover it seems there is silence again for over a month. Or all communication is behind closed doors where it can be moderated.
SWISSCOIN until now there is no transfer in our wallets, it is rich mafia who steal our life money and time lost, it is the way that they remain rich, I wonder if they have human hearts.
I confirm, I am among the first members in suisscoin, and nobody has received any SIC coins on his wallet.
Plus the first site is already closed without giving the opportunity to others to transfer to wallets if there is transfer!!! thieves.
Please we need an answer about swisscoin.Is been about 4 years now, I invested im swisscoin – the token were allocted.
Susequently,they told us they are resolving issues.For how long,and what happened to our coins or its monitary values?
Why have they not transfered it to our e-wallets.Even the website has been denied us and shutdown.
Whether is Swisscoin founders or German connection and now fintech, please we need a resolution of positive closure. Or have we all been painfully and finally scammed.
This is very unfair – how can the crooked rich defraud us in the name of degital currency trade usoing a global platform of blockchain without bother about the implications ?
May the righ thing be urgently done by those concerned,because I know there is always consequencies stealing from the poor, for God is still in charge.
Hi Francis,
SwissCoin was a Ponzi scheme and your money is long gone. Sorry for your loss.
They didn’t have to try very hard. You were stupid enough to willingly transfer your money over to them.
“Blockchain”, “global platform”, “digital currency trade”; these were just buzzwords SwissCoin used to get you to hand over your money. And it worked.
PS. God doesn’t care about your Ponzi losses.
The answer is simple… easy.
Scammers can use whatever – any lies, buzzwords, tech jargon – they want. They don’t play “fair” – all they want is to scam you and other naive investors. They have no mercy on you.
Always think twice before you hand over your money to some stranger. No matter how “nice” this stranger looks and speaks.
I hope you’ve learned your lesson. BTW, I am not sure about God’s role in this case.
Feel sorry for you.
But how is Francis supposed to know they are a scammer, since their intent is to trick him into thinking they are not?
Take note Francis. One sure fire way to identify a scammer is if they are an MLMer. Do they have a “team” etc.? This is the easiest type of scammer to identify. Of course, there are other types as well.
Also note that any talk of the product MLMers offer is irrelevant. Don’t ask about the product, ask if they are MLMers.
Char: 😉
We know…
From my point of view – Crypto currency or investement + MLM = 99.99% chance of scam.
Other MLMs ~ 95% scam chance. Rest (5% or so) are desperate businesses for desperate people or simple rip offs, but may work for some “individuals”.
Definitely, the business owner behind Swiss coin was no Swiss bank, corporation or investment fund. No matter how much “Swiss” the coin was (by its name).
😉
But Francis did not, and hence my post. It was for him.
I think this statement confuses people like Francis on two fronts. He might think this is THE one in the 5% group. You know, the one that is going to take the world by storm.
But more importantly, it suggests MLM “other MLMs” are separate entities. MLM (multi-level marketing) is a method with one definition.
If it “works” for anyone, it’s because they are lying and/or ripping people off, and supporting a company that uses a corrupt method.
Important update. Serial scammer Manfred H. Mayer is broke!
share-your-photo.com/1eac32dc0a
Does that also apply to his business partner Horst Wefer?
share-your-photo.com/702236d467
moneyhouse.ch/de/company/euro-solution-gmbh-in-liquidation-5036260541
The former domain registration of swisscoin.eu called Horst Wefer:
share-your-photo.com/b28999b225
The scam portals swisscoin.eu and swisscoin.community still exist but are completely without content and coinexchange.io shows:
An old screenshot:
share-your-photo.com/dee7ffa863
Manfred H. Mayer on XING:
share-your-photo.com/1b5fd91853
Who had my screenshots removed from comment #91? Manfred H. Mayer or Horst Wefer? I do not agree that my screenshots will be deleted! Here they are again.
The former imprint of swisscoin.eu from 2016. Without a phone number, of course, because the scammers never had an office in Switzerland.
share-your-photo.com/7c782db8dc
A domain registration of swisscoin.eu from my archive. Leipzig is a city in the former GDR, not in Switzerland!
share-your-photo.com/d147634fd6
Addition to comment #83
Some fodder for the search engines.
1. Manfred H. Mayer is a German serial scammer.
2. He managed to get all of my screenshots removed.
3. Anyone who has been scammed by Manfred H. Mayer should know his contact details. His former business data from Leipzig in full:
share-your-photo.com/f533b31220
The current data of Manfred H. Mayer:
share-your-photo.com/bc22ff8da7
Tomorrow I will report on his new criminal activities.
Addition to comment #100
Manfred H. Mayer is a diligent company founder. A new company for every scam? Yes, but always without success. Since February 2022, his BLOCKCHAIN TECHNOLOGIES AG in Frankfurt am Main has also been bankrupt. Assets were no longer available:
share-your-photo.com/1f166578c2
northdata.de/Blockchain+Technologies+AG,+Frankfurt+a.+Main/Amtsgericht+Frankfurt+am+Main+HRB+112868
On LinkedIn, Manfred Mayer still calls himself CEO at BLOCKCHAIN TECHNOLOGIES AG:
share-your-photo.com/59d7c07263
His photo enlarged:
share-your-photo.com/f1d7474f38
linkedin.com/in/manfred-mayer-075b3622/?originalSubdomain=de
In March 2020, Manfred H. Mayer announced a new coin after richcoin and swisscoin:
share-your-photo.com/79a802d8e5
youtube.com/watch?v=t1OViX6aoY4
When does Manfred Mayer want to start this new scam? I can’t find a website…
Serial scammer Manfred H. Mayer is currently selling worthless crypto cards.
The prepaid cards cost between 100 and 2,500 euros:
share-your-photo.com/2e55e76442
cryptocard-shop.de/shop + cryptocard.world
His current imprint is interesting:
share-your-photo.com/0ad9eedb30
He gives his private address here and he founded his new “company” HashFlat Technology UG (limited liability) with 1 euro of equity. His former companies like VETO CONCEPT etc. were public limited companies.
In a video from April 26, 2022, Manfred H. Mayer shows how the cards are bought and paid for. The recipient of the payment is his former company BLOCKCHAIN TECHNOLOGIES AG, which no longer exists:
youtu.be/_bQxQ_sASL0?t=179
BLOCKCHAIN TECHNOLOGIES AG was deleted from the GERMAN commercial register on April 27, 2022.
northdata.de/Blockchain+Technologies+AG,+Frankfurt+a.+Main/Amtsgericht+Frankfurt+am+Main+HRB+112868
PS: The website cointrade24.io mentioned by Manfred H. Mayer is also not available!
I have $3000.USD. still sitting in an account at Swisscoinco. Can anyone help me transfer it to my wallet?
Who is Fredrick Anderson? He is the slick dude l dealt with. His fake name is Alex Browning.
The reason you can’t “transfer to your wallet” is because the money in your backoffice doesn’t exist. What you have is numbers on a screen.
You invested into a Ponzi scheme and your money is gone. Sorry for your loss.