Monthly Archive: February 2018

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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.In the news-release the Securities Board describes USI-Tech asa secretive, Dubai-based firm promising it could deliver low-risk, triple-digit returns from investments tied to bitcoin mining.USI-Tech solicited Texas investors through targeted craigslist advertisements, YouTube videos, and standalone websites.The Securities Board reaffirms that it issued USI-Tech with a cease and desist becauseneither the two sales agents named in the order nor the company is registered to sell securities in Texas.As pointed out by the Securities Board, rather than prove to…

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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.Following the filing of an amended complaint on June 30th, BitConnect insider Joshua Jeppesen and affiliate Ryan Maasen have been added as defendants.Jeppesen, officially credited as BitConnect’s Development Director for U.S. and European operations, is believed to either be part of or in direct contact with BitConnect’s owner(s).Ryan Maasen promoted BitConnect heavily on YouTube through “Team Rhyno”. He is also a named defendant in the Kentucky class-action.Fellow defendants Glenn Arcaro, Trevon Brown (aka Trevon James),…

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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 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.Bitcoiin ProductsBitcoiin has no retailable products or services, with affiliates only able to market Bitcoiin affiliate membership itself.The Bitcoiin Compensation PlanBitcoiin affiliates purchase B2G points from…

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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.Platinam Capital ProductsPlatinam Capital has no retailable products or services, with affiliates only able to market Platinam…