Fri Apr 05, 2019 11:38 am
Unfortunately, it is a typical ponzi-scheme scam. They were paying out investors for the first month or so, then suddenly put all their withdrawals on hold, with some phony excuse that their withdrawal system is being switched over, and there will be a delay up to 72hrs. It has now been over a week and still there has been no word or update on the situation, and all withdrawals are still pending, leaving hundreds of thousands of people out of pocket. They've now gone completely radio silent, and I expect everyone is coming to the realisation that it was indeed a total ponzi scheme from the start. I myself lost around $4,500 due to getting in late, only a few days before they shut shop.
It frustrates me that they can gain trust from keen investors by brashly displaying that they're a 'UK Registered Company' on their homepage, and also social media platforms such as facebook and twitter, allowing them to legitimize themselves and gain credibility. Personally I feel facebook and twitter should be held somewhat accountable, and also the UK companyhouse for even giving them a company code. I suspect they have some clause within their terms and conditions to exonerate them from all financial liability, albeit that being the sole purpose of their company; to benefit you financially. They even go as far as to include in the question on their FAQ page, 'Can I lose money by investing here', to which they answer, 'No, you can't lose money. We make every effort to ensure the safety of your assets. Also we have a reserve fund, that ensures the safety of your deposits'.
Is it just me, or does anyone else feel like this is just completely corrupt and immoral? How can this be a thing in 2019, when you can hardly offend anyone without being thrown in jail, yet you can scam hundreds and thousands of dollars without any repercussions?
MRDZ