Bitfinite Review: BFC points ICO lending Ponzi scheme
Bitfinite provide no information on their website about who owns or runs the business.
The Bitfinite website domain (“bitfinite.co”) was privately registered on November 2nd, 2017.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
Fourth BitConnect class-action lawsuit filed in Minnesota
The latest litigation filed against BitConnect marks the fourth class-action filed against the company in two weeks.
In the latest lawsuit, filed in Minnesota on January 31st, Plaintiff Patricia Mengesha seeks to hold BitConnect International PLC, BitConnect LTD and BitConnect Trading liable for ‘financial losses suffered from an inline investment scam‘. [Continue reading…]
Third BitConnect class-action lawsuit filed in Florida
BitConnect victims continue to take matter into their own hands, following the filing of a third lawsuit in the US.
Filed on January 30th, Plaintiffs Paul Long and Kiandra Love seek to hold defendants BitConnect International PLC, BitConnect LTD, BitConnect Trading LTD and Ryan Maasen accountable for their losses. [Continue reading…]
BitConnect victim who lost $33,000 takes over Indonesian event
In an attempt to portray BitConnect victims filing lawsuits against the company as “crybaby ass motherfuckers“, top US investor Trevon James claimed investors elsewhere in the world are fine with collectively losing millions of dollars.
None of the other countries that were in BitConnect, I don’t hear a peep out of them crying or anything.
But yet Americans are the most pussy, softest motherfuckers ever. Crybaby ass motherfuckers man.
Crybabies. No other country is crying about anything.
You go look at a Vietnam video, they still having BitConnect conferences. They still throwing them shits.
(Americans are) a bunch of fucking pussies man.
While I can’t speak to Vietnam, in neighboring Indonesia footage of a BitConnect event held on January 28th directly contradicts James’ assertion.
Turns out victims anywhere in the world aren’t happy about being scammed in a Ponzi scheme. Who knew? [Continue reading…]
Texas takes credit for USI-Tech US and Canada shutdown
The gulf between USI-Tech management’s narrative and what actually happened continues to widen, following a January 31st news-release issued by the Texas Securities Board. [Continue reading…]
Bitconnect Florida trial date set, prelim injunction sought in Kentucky
Over the past fortnight two class-action lawsuits have been filed against BitConnect and several top investor promoters.
The first class-action, filed in Kentucky, is moving along with surprising speed. [Continue reading…]
Bitcoiin Review: B2G pump and dump altcoin
Bitcoiin provide no information on their website about who owns or runs the business.
The Bitcoiin website domain (“bitcoiin.com”) was initially registered back in August, 2015.
The domain appears to have been up for sale throughout 2017, until it was purchased by its current anonymous owners on or around January 8th, 2018.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
Platinam Capital Review: Cancer medication = 300% ROI in 45 days?
Platinam Capital provide no information about who owns or runs the company on their website.
The Platinam Capital website domain (“platinam.org”) was privately registered on November 6th, 2017.
An address in London, UK is provided on the Platinam Capital website. Further research however reveals the address is that of a Post Office, who on their website advertise virtual office services.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
Bit-Trade Review: Cryptocurrency trading 250 day ROI Ponzi scheme
Bit-Trade operate in the MLM cryptocurrency niche and claim to be based out of Vancouver, Canada.
Supposedly heading up the company is Philippe Nicolas.
A stock image of a white guy in a suit in used to represent Nicolas. The same image appears on a number of other websites.
Given this it is assumed that Philippe Nicolas doesn’t exist and Bit-Trade has no operations in Canada.
The Bit-Trade website domain (“bit-trade.io”) meanwhile was privately registered on July 28th, 2017.
At the time of publication Alexa estimate that 100% of traffic to the Bit-Trade website originates out of India.
This strongly suggests that whoever is running Bit-Trade is likely also based out of India.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
USFIA victim claims process to be submitted “in the coming days”
Although monetary relief is still a ways off, USFIA victims can probably except a claims process to go live before mid 2018.
In his January 29th Tenth Interim Report, the USIFA Receiver claims he’s developed a “recommended claims process”.
The claims process will be filed in court “in the coming days” and if approved, ‘will commence work leading to a distribution to investor/victims‘. [Continue reading…]
