Empire Coin Club Review: Bitcoin package investment Ponzi
Empire Coin Club provide no information on their website about who owns or runs the business.
The Empire Coin Club website domain (“empirecoinclub.com”) was privately registered on July 7th, 2017.
Despite a website presented in English, the official Empire Coin Club compensation plan is written in Spanish.
This suggests that whoever is running Empire Coin Club is likely based out of Europe or South America.
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…]
DavorCoin securities fraud cease and desist issued in Texas
While nothing has emerged from the SEC yet regarding fraudulent ICO lending Ponzi schemes, Texas is on a roll.
An emergency cease and desist order against DavorCoin marks the third enforcement order Texas has taken against ICO lending Ponzi schemes. [Continue reading…]
MartCoin collapses, investors unable to withdraw
MartCoin launched in late 2017 and promised investors ‘a clear and specific plan for Martcoin to reach $290 by the end of Q2-2018′.
Whatever plans the ICO Ponzi scheme had have been tossed, following the official collapse of MartCoin on February 2nd. [Continue reading…]
BitsTrades Review: BSS points ICO lending Ponzi scheme
BitsTrades provide no information on their website about who owns or runs the business.
The BitsTrades website domain (“bitstrades.com”) was first registered on July 20th, 2016.
The Wayback Machine reveals that the current BitsTrades website went live sometime after September, 2017. Prior to the latest iteration, BitsTrades was an “index trading investment” scheme.
Alexa traffic estimates for the BitsTrades website show an uptick from November, 2017, which is probably around the time the current BitsTrades website went live.
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…]
Ribbon Coin Review: ICO Ponzi scheme “with a cause” is still a Ponzi
Ribbon Coin provide no information on their website about who owns or runs the business.
The Ribbon Coin website domain (“ribboncoin.co”) was privately registered on November 21st, 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…]
BitConnect dumped from primary exchange, Davor circles the gurgler
It used to be when a Ponzi collapsed that was the end of it.
With cryptocurrency we’ve now got this drawn out period where post-collapse, those scammed desperately either
- try to offload their plummeting in value points or
- hold their points in the hope that, for no evident reason, they’ll go back up in value
As class-action lawsuits pile up and the specter of federal regulatory action looms, the primary exchange still allowing BCC trading has dumped the coin. [Continue reading…]
Numiv Coin Review: NUM points ICO lending Ponzi scheme
Numiv Coin provide no information on their website about who owns or runs the business.
The Numiv Coin website domain (“numivcoin.com”) was privately registered on October 8th, 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…]
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…]
