USI-Tech investor alert issued in Nova Scotia, Canada
Another day, another regulatory condemnation of USI-Tech’s Ponzi scheme.
The latest warning is from the Canadian province of Novia Scotia.
On December 21st Novia Scotia’s Securities Commission published a warning cautioning investment in USI-Tech.
Nova Scotia identify USI-Tech as ‘an online forex and bitcoin trading platform provider, located in Dubai.‘
As with most jurisdictions, the offering of a passive investment opportunity constitutes a security.
The Commission has become aware that Canadians have been targeted recently through online advertisements and social media.
As is the case globally, USI-Tech has not registered their BTC Pack investment opportunity with Nova Scotia’s Securities Commission.
Offering unregistered securities to Nova Scotia residents is illegal.
The Nova Scotia Securities Commission is alerting individuals that USITECH Limited is not registered to sell securities in Nova Scotia.
“This is our second investor alert this week,” says Heidi Schedler, senior enforcement counsel with the commission.
“When people are busy, stressed or distracted, it is easier for fraudsters to capitalize on our vulnerabilities.
Stay vigilant. Always take the time to check registration.”
In addition to their offering being illegal, so is the promotion of unregistered securities.
It is illegal to solicit investments in the province without registering with the Commission and complying with Nova
Scotia securities laws.
This means that any USI-Tech affiliates who have promoted and/or solicited USI-Tech BTC Pack investment in Novia Scotia is at risk for regulatory enforcement.
The Securities Commission urges anyone who has “been contacted by a representative from USI-TECH Limited” to report it.
Nova Scotians can always contact the Commission to report any scams, or what they believe to be suspect or suspicious behavior from anyone offering investment opportunities.
Novia Scotia’s warning is the third USI-Tech regulatory alert issued by Canadian authorities.
On December 17th and December 21st, the Canadian provinces of British Columbia and New Brunswick issued USI-Tech investor alerts respectively.
Meanwhile in the US, USI-Tech’s largest source of new investment, Texas yesterday issued an emergency securities fraud cease and desist.
To the best of my knowledge USI-Tech management have yet to respond to the recent regulatory crackdown.
OMG, Christmas is looking brighter and brighter with each passing warning!
I love it and I hope Colabro and all the other pimps get thrown behind bars or severely financially burdened by all of this!
Surely this is a mistake. USI are mining ethereum, bitcoin, and free energy for the world.
C’mon Ralf, Horsch and Mike. Surely your whiz bang attorney Hart has all the evidence to prove this is just a silly misunderstanding.
You mentioned 10 times the “investment” word. Are You aware USI is not offering investment, are You? 🙂
Cryptoskeptic, you not really at home in blockchain technology, i can clearly see that. There a proof (Ozedit: Then feel free to provide audited accounting proof of any of USI-Tech’s claims. Offtopic derail attempts removed)
why don’t you go tell the canadian regulators that yourself, because they are saying usi tech offers ‘investments’.
don’t waste your breath here monika, go to nova scotia immediately and meet the securities commissioner. hurry.
please educate us monika. please show us proof of what usi tech is doing?
Yes, please Monika. Where is this “proof”?
Monika, I will love to see the Proof. You mean like the time Ralph Danced in front for Genesis Mining Miners and claimed that they belong to USI, or maybe the time they said they had a partnership with BitFury?
Ohh I am sure you talk about the Ethereum Mining Pool, they one they paid to a Chinese pool to put their brand on it. I see. Great proof.
@Monika
Paying a 70 EUR ROI on a 50 EUR deposit is an investment opportunity. Nobody, least of all regulators, cares about “Terms and Conditions” pseudo-compliance.
Come on, we all know this is nothing more than a few rogue IMA’s, or whatever they call themselves, that violated the rules of USI-TECH.
This is good news because once USI clears this up, no other country and US states will be able to make this claim they are offering investments. I bet Monika almost wet herself with excitement at my statement.
Now lets get back to reality. Every Ponzi makes this claim, and every Ponzi loses their argument in court. Monika really needs to read up on Traffic Monsoon, Zeek Rewards, TelexFree, Profitable Sunrise, and that’s just for starters.
I predicted this would be the argument they would use at RS when these actions were taken, and they proved me right. Hate to break it to you Monika, but these are just the start.
Hope you didn’t have too much money in this Monika because you can kiss it bye if the authorities don’t freeze their assets and soon. Another expensive “educational moment” in the land of Ponzi’s.
I am the admin for the USI TECH scam Facebook page. My page got removed from Facebook as USI TECh enlisted a German law firm that alleges I am infringing on their copyright and I am not authorised to represent the subject matter of the content.
I am obviously working to get this ban reversed but it’s hard to get a contact or address to send Facebook the 4 warnings by financial authorities to show this is a Ponzi business and I am performing a service by using my page to warn people about them.
Also under freedom of speech laws I am Allen wed to warn the public about any danger they might be facing.
On another note I can see the day that Facebook will face a class action lawsuit for allowing Ponzi companies to operate freely and advertise and also let fraudsters the like of Simon stepsys and Sharon James have pages but remove the pages of people evdiscussing their fraudulent activities. I can’t wAit for that day to come.
@Legal
How did you come to know about USI-Tech engaging a German law firm? (so much for being run out of UAE lol)
I hope you get your page back, it’s about the only page on Facebook warning people of the ponzi scam Usi tech.
I’m happy to email Facebook with screenshots and links to here that will show that Usi is a scam, and I’m sure if I asked others they’d do the same.
I agree with what you said about Facebook too, I know they can’t police everything but there’s so many scans being openly punted now that surely a victim will blame them at some point and take action.
I have a screenshot of the message they sent me. I will post it on realscam later on.
Ponzi Bunch: youtube.com/watch?v=cldL8WCVHLY&feature=youtu.be
If you could email Facebook the 5 warnings the authorities have given about USI tech it would be even more helpful. Do you know off the contact address for Facebook?
Might be worth starting here: m.facebook.com/business/help/community/question/?id=10211926279378884
Why not just start a new facebook fanpage.
The website for Hart, David, Carson (hartdavidcarson.com)has been down for about 36 hours now.
I’m starting to wonder if they really exist.
They exist. Probably crashed by USI constituents eager for validation.
They were used by these bogus MLM companies to sent threatening letters before, IIRC. Forgot which one. It was mentioned on RealScam.
They’re the jokers that tried to sue TaraTalks on behalf of MAPS.
realscam.com/f9/my-advertising-pays-map-vs-taratalks-4534/
I cannot believe the skeptics on hear they have no idea what is going on!!!
If you are going to criticize any company, please first of all know what your talking about.
So uh what is going on?
Other than, y’know, USI-Tech affiliates being in denial about securities fraud. Do share.