Burton was released from jail in after serving five years for drug dealing. Eyeline's homepage was redirected to USI Tech for a brief period, before also going offline. As of March , a domain belonging to USI Tech was redirected to Eyeline Trading ,  another company claiming to be a cryptocurrency and forex platform trading provider.
The redirect suggests that the owners of the original website have relaunched the ponzi scheme through Eyeline Trading, following USI Tech's exposure to law enforcement. Eyeline Trading collapsed following non-payment, and was subsequently rebranded to WealthBoss after British Columbia Securities Commission issued a cautionary notice against dealing with Eyeline. This corporation or company article is a stub.
You can help Wikipedia by expanding it. From Wikipedia, the free encyclopedia. Defunct Dubai-based cryptocurrency Ponzi scheme. Texas State Securities Board. Retrieved 25 October Daily Mirror. Retrieved 17 November USI Tech. Retrieved 8 March Bitcoin Exchange Guide. British Columbia Securities Commission. Government of New Brunswick.
Financial and Consumer Services Commission. If that happens, the USI coin will die an untimely death and never be seen in public. The faithfulnUSI followers obviously dont have faith in the coin. Ralf and the boys must be scratching their heads thinking up the next 50 euros scam. They never said they were with Genesis Mining. Mike Kiefer one of the co founders did in fact say they were in the same facility with Genesis and there are a few companies there FYI.
They will be releasing who the company is very soon as they will also appear on blockchain. Once that happens people cannot deny they are mining. Mike Kiefer also said that he replied to a thread in behindmlm and that his comment was never published. Ponzi scammers through and through. That was 6 months ago. Paperwork is very thin with USI but the 3 front men say a lot. But I may be losing money. Where are the audited records.
Gabe Do yourself a simple calculation to work out the value of each coin. Net income after Expenses divided by ,, Gabe In the video with fellow scammer Charles Scoville, Ralf Gold went on the record to say that crypto trading was done by more than one third part trader. No mention of a hedge fund.
Ralf also said the evidence of third party trading results would be produced soon. That was around April Its pretty hard to produce a blank piece of paper. If I bought 1 bitcoin business days ago, it would be worth a helluva lot more than what these scammers offer. If I had bought business days ago, it would be even better and I could actually sell if I wanted.
Come on in suckers. Cryptoskeptic: No, your 1 bitcoin would be worth 1 bitcoin. USI say that it would be worth 1. Tim My bitcoin is worth more. You have to wait days and hope the value is higher at that point in time. I wonder what the deferred liabilities are from all the rebuts and more importantly what the reserves are.
Another dark hole. Once you get past Sunil rambling and repeating over and over the junk he learned from the other videos he shows. Cryptoskeptic : more importantly what the reserves are. Who said they have reserves? I thought they were busy withdrawing money and making tiny payouts as needed. D : So it will only take the years to pay that off. I actually got excited about USI-Tech initially because they were dealing in bitcoin. USI-Tech has the same format; where your money is locked away for 40 days and have to wait until then to get it back.
They do have some huge players in this company with packs. My friend says withdrawls are a bit slow at the moment. Fancy that. The scammers are pushing this for all they are worth in the comments under every mainstream press article about BitCoin. What happens when it gets shut down or collapses. Not true. The rest of the daily pay about 0. Depends on how the SEC do it and who they work with.
I really think they should also go after the recruiters. Every one of them are souless scumbags. I have been following this thread for a few weeks and have had my opinion totally changed by the info provided. As 3 of my friends signed up and put in small amounts I decided to dig deeper before anyone started getting in deep.
Not just from this page but a combination of research I have found all the claims of USI to have so many holes. The infamous Iceland mining video is just a blatant lie, how they thought that would pass is beyond me.
Which leads me to my last point. The absolute ignorance from anyone involved to question anything, I have actually tried to talk people out of it, and as soon as you raise any of the above point you are branded a Hater or Doubter, just for asking a reasonable question.
Do these folk not know what a salary is annual income, as in 12 months and how stupid are they gonna feel when it falls and they are left with nothing and no job? I, like everybody wish it was this easy to make some real money on the side, but I am a realist who for 5 minutes had a bit of hope with it. This page amongst others has helped me see the light, now just to try and claw my money out before it fails. Hey guys. The latest excuse is that withdrawals ate taking longer than normal due to the volume of transactions on the blockchain.
Funny how I transferred a bitcoin transaction from my Coinjar account to another wallet and it processed in 1 hour. Mr Hendrix. Hopefully you will be able to claw back your investment before it goes belly up. One important question. Have you calculated what your investment would have been worth today if you had bought Bitcoin direct on an exchange. They have no evidence….. They also have no evidence…. Nobody on this random website knows for sure how they generate their money so I guess people will just keep picking a side and defending it no matter what.
Either that or instead of baseless speculation, reach out to their owners since you actually know who they are and ask them and see if the answer makes any sense or not. You have facts confirming USI-Tech is a Ponzi scheme, and then investors relying on speculation to prove otherwise. There is no external revenue source, only unsubstantiated claims made by USI-Tech and their affiliates. Time and time again Ponzi busts reveal poor book-keeping.
MLM due diligence begins and ends with analysis of a compensation plan. When USI-Tech collapses or is shut down this review will serve as a reminder for the rest of the MLM crypto scams hoping to make it big. Butters Reach out to the owners. What for. Its on the Vanderbilt website. That was in April. I hope I have time to get by initial investment out, then just the wait till it falls. One of the arguments of the guys who supports USI is about the owners, they say, if theyre showing their faces they arent affraid of being arested.
So, my question is, if most of them are known for doing scams in the past, why arent they already arested? Does that answer your question? One scam in Portugal was enough. Ralf Gold hooked into the Dallas conference by live stream. Just too busy our boy Ralf to appear in person.
I believe that the magnitude of the financial gain with USI has allowed them to throw all caution to the wind. The lure of easy moneys has a very strong appeal. I think USI-Techs timing is flawless, i believe its the only time in Ponzi history where a program is keeping ahead of their liabilities, and thats because Bitcoin has grown in value beyond what they need to pay out. Making all participants net winners so far. So what would the regulators do when they find out all participants have made money?
Ponder that one. Quite ironic and somewhat amusing, because participants could have made more just holding onto to Bitcoin and not throwing away value by putting it into a program like USI-Tech. Of course, the whole landscape would change if Bitcoin dropped in value continuously for the next six months. Unlikely with the current state of play. Depends whether USI has done nothing with the Bitcoin it received and how much has been creamed off to the leaders and spruikers.
Lack of records means the first time we will know is when payments stop. Is that incorrect? In which case the rise in Bitcoin against fiat currencies does not help them at all. Once the media interest in Bitcoin wanes, recruitment will die down. Around months later, the scheme will stop paying out interest because the initial capital, minus whatever the leaders have squirreled away in Dubai, will have run out , and people will start to get nervous. Then at the end of the half-year period, when repayment of the initial capital falls due, it will collapse.
Your bitcoin is returned to you over business days along with claimed earnings from a variety of sources. If you dont rebuy you can start withdrawing once your balance is over 10 euros eqivalent. They are keeping ahead of the curve because Bitcoin is going through the roof. Craziest dam thing i have seen in all my years. Again, how is that relevant if the deal is that you put 1 Bitcoin in and get 1.
They still need to create 0. The only way the price of Bitcoin in fiat currency makes a difference is if USI Tech uses fiat currency to buy 0. The 0. BigC : They are keeping ahead of the curve because Bitcoin is going through the roof. Your logic makes no sense. But if you measure in Bitcoins i. The ratio will always be one. Rise of value in Bitcoins are irrelevant to actual mining except profitability. Malthusian For every 1 Bitcoin they receive, 0. So they have to create around.
If there is any trading going on I doubt it, mining would be a waste of money at this point in time for them. Yes we can BigC. Big C. Read the example under Buy and Hold. They say you get back much more. Mike : Yes we can BigC. Thanks Mike, i wasnt defending USI i was just more interested in the mechanics of how they have lasted this long and how much the J curve of Bitcoin coin had supported their Liabilities.
The timing of them bringing out their coin supports the on slaught of 4th cycle that they are now into which forces them to somehow boost cash flows, as i would think their cash on hand would be taking some serious hits about now. Cryptoskeptic : Big C.
Your right, i stand corrected, that makes the deal all that much more pozified than i calculated.. No need to complicate it. Apparently that just changed with the release of their own ponzi coin. Good luck with that as it takes some serious smarts to make a coin work open loop. It would be easier to pick the first three places at the horse races for 52 weeks a year, than generate the required return to meet their liabilities long term.
I just filed a complaint with the iOS App Store about usi-techs app. Fingers crossed. If you Google usi tech trading proof you will see several videos about their Forex trading platform which is yielding good returns, that platform is no longer available as USI-TECH are releasing a new Forex package similar to the btc packages. If you Google usi tech trading proof you will see several videos about their Forex trading platform.
Sean If the forex platform is as good as all the hype, every, repeat every professional and institutional forex dealer in the world would buy it. Do you think this will die out soon or do you think they will get hurt in the long run.
Do yourself a favour and buy Bitcoin directly from an exchange. Dont worry about your friends. Dumb it down for me— Why do you think this is a scam, To me I think it is a gamble, plus the right timing. Gman — there is little point trying to convince them. I know similar people. If you read the posts above you will understand why.
Ozedit: removed, see below Just another dodgy one to add to the mix no doubt. G-Man : Dumb it down for me— Why do you think this is a scam, To me I think it is a gamble, plus the right timing. There is a link to a video a few posts up. Watch it, and maybe you can convince your friends to do the same. G-man — You need better friends. G-man — As you say you are new to this I will spell it out. Eventually, the scheme runs out of money and stops paying out. There are also recruitment commissions which I have ignored to keep the maths simple.
But it works in exactly the same way. They con you into joining the scheme and your money is transferred to their pocket. It works the same way, only turned up to I repeat, you need better friends. They know exactly what they are doing. I will keep you guys posted. I hope they understand. I own no bitcoin and dont really understand it completely, but does this change anything in terms of legitimacy?
For one thing, that seems like a small amount considering how much money people have purportedly put into packets. A Ponzi scheme is still a Ponzi scheme, no matter what you attach to it. A pretty wise owl says USI has gaping cracks in its claim to legitamacy. That should be enough for most but the avid punters will still be lining up. And it certainly doesnt clear up the fact they arent licensed to provide an investment security to Americans by the SEC.
That should be a deal breaker, but I see a lot of posts about avoiding taxes and how btc sticks it to government regulation. The next step is to learn how to earn money by providing something of value to your community. Not withstanding mining was first only mentioned in October. Before that it was cryptocurrency trading since the BTC packs were first introduced back in July. Idiots… idiots everywhere. Good morning all! Happy Thursday! We now have 3rd party proof that usi are mining and are on the blockchain!
I have been saying for over 6 months this company is solid, stick to everything they say and this is further proof! That BIg announcement came sooner that i expected, which means to me they are in deeper do do and closer to the end than i calculated. Look, Oz, I have been a stock market investor for years.
As it is, I have never watched a ponzi scheme in action, so this is all educational. I am already smart enough to stay away, but I dont understand all the ramifications not having experienced this before. Calling people idiots causes fanatics to dig in rather than reconsider. Maybe I am an idiot for not thinking all the angles through — but I would blame lack of experience in this sort of scam, rather than level of intelligence. In the video that someone posted a few days ago, Tony Rush did find some evidence of trading but the USI profits were just a few percent.
A true believer would not believe ANY evidence you present them any way, no matter how calmly you present it. If they have doubt, they would have tried to verify stuff via their own efforts. HealthySkeptik : but does this finding some evidence of mining change anything in terms of legitimacy? Think about it. All the money put in are supposed to be used toward buying long-term mining contracts from mining farms, right?
So why the insistence that they only deal in BTCs? It makes no sense. Anyone else notice the moment you make a reasonable point to one of the ponzi-puppets they just start calling you names and swearing like children??? You need the following to prove satisfactory evidence.
A certified statement of assets, liabilities, income and expenses. USI have provided nothing. Listen to my lips. You make more money as a passive investor by buying Bitcoin direct on an exchange. I know one of the big players in Perth is having 1, people a week join. I believe they show actual transactions but anyone can make an account and call it whatever they want. Thanks for posting that. My buddy keeps throwing this scam in my face and telling me hes gonna retire.
I heard hes cashed out everything he has and put it all in this scam. Zero fucks given if he loses it all. Most of the comments here have been that usi tech is a ponzi. Can someone please give proof that it is a Ponzi? I am waiting on pins and needles for this con to collapse and to see the assholes pimping it get what is coming to them!
Jc : Can someone please give proof that it is a Ponzi? Oz — Where is the proof that Usi uses newly invested funds to pay existing investors their returns? If they did, the certified records would have been provided. If they could prove it, they would have , more people join up in a day.
Companies like USI-Tech trick the public into thinking they are legitimate because they actually produce revenue. The ignorant public thinks they are legitimate because they really are creating revenue from mining, or trading, or whatever. It is a fake fascade to appear legitimate. It is a Hybrid-Ponzi. That leaves them with half the money to generate trading revenue from. Of course, any educated person with common sense without an emotional attachment to USI-Tech can see right through this scam.
If any of their claims were really true they would attract trillions of dollars from the financial world. Obviously they can NOT deliver on their hyped up claims. History has already proven that these scams always collapse, just look most recently at Gladiacoin and Jetcoin that had similar easy money scams. You always see tale-tale signs of payout slow-downs, or new withdraw rules, or circumstances outside their control i.
I just wanted to scream at the computer. Mike on this video admits he was a poor student in school. This is suppose to give us confidence he knows how to educate us. Bank robbers and drug dealers say the same thing. They do so to setup a straw man argument to justify what they are doing. They claim they are legit because Ponzi schemes go out of business fast.
This is a stupid reason. Happy, you make some great points. I remember Justin V. The dream of easy money for nothing with minimal invest and effort to ppl who are mostly broke or poor and are seeking desperately to better their situation, bying into the many rags to riches stories by the top few, which Justin is part of as well. If I buy say 10 Bitcoin Packs for Euros then someone else, or more than 1 person, has to buy 1.
And then someone or more than 1 person has to buy 1. And so on!! Trouble is nobody in a Ponzi scheme is satisfied with one return. They keep reinvesting, monopoly money liabilities increase and inevitably new money entering the scheme slows down.
Happy : Ponzi schemes go out of business fast. A couple of you have been screaming Ponzi! I have been looking at this thing and trying to stay unbiased. I see things that come off as big red flags. A lot of which have been mentioned above. Strawman derail attempts removed. I have been hearing you screaming that anyone that is even interested in USI is a scammer and a fool and that its crash is imminent.
Is it? You have commented above that no one is interested in the coins. They have sold or given as part of the BTC package over 80 million coins. Sounds to me like there is more than a little interest there. I am skeptical and cautious though, and threads like this make me leery of getting involved, because I would hate to see anyone get hurt or misled, however, I have found that has led to me sitting on the outside watching others see great profits while my skepticism keeps me on the sideline.
If you wish to invest in Ponzi schemes, have at it. They have sold or given as part of the BTC package. Hell, even the dedicated MLM altcoin schemes collapse. A free coin add-on MLM altcoin is just worthless marketing fluff. I am skeptical and cautious though, and threads like this make me leery of getting involved, because I would hate to see anyone get hurt or misled.
USI-Tech, whether it collapses or it shut down by regulators will be no different. It is what it is. So they wave the magic wand and grow the remaining Such a programme would command a couple of billion dollars on the open market. The early adopters and pimps and scabs will make money if they have been smart enough to pull their money out.
Classic Ponzi. Jeff : They have sold or given as part of the BTC package over 80 million coins. Jeff — 80 million coins divided by a reputed , members is a huge coins on average per member and a lot of the coins are free and bonuses.
I would have expected a more enthusiastic uptake. If you have facts to the contrary that you can prove with evidence , feel free to share. Jeff I own Bitcoin bought directly from an exchange. No need to make Ponzi groupies like James, Ghobril and Calabro any money for doing nothing. I asked if anyone here had proof that Usi Tech is ponzi and also if there is any evidence of Usi using new investors funds to pa the existing investors.
Jc : Why would any company divulge details of their revenue streams? Said company claims to generate revenue from any number of sources, none of which it has provided any evidence of. Basic MLM due-diligence when it comes to any investment opportunity requires an investor to verify any and all claims made by a company.
Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb. The SEC sees too many investors who might have avoided trouble and losses if they had asked questions from the start and verified the answers with information from independent sources. No worries mate, here have my money!
You cannot ask for proof of a negative. The onus is on the party making a claim to provide evidence to verify it. Look if you want to make excuses for Ponzi schemes awesome. The fact of the matter however is that USI-Tech are offering a security and making outrageous return claims. They need to comply with regulatory laws, regardless of what you think. Oz, you are the person making claims that Usi is a ponzi, therefore by your own admission you should provide evidence to back up your claims.
There is no reason for a legitimate company to be offering unregistered securities in the US, unless they are a Ponzi scheme committing wire fraud. You cannot provide any evidence at all that Usi is a ponzi. Simple maths prove that it cannot be. Jc : You cannot provide any evidence at all that Usi is a ponzi. Just curious. You have no concerns about notorious Ponzi pimps, who have promoted scams in the past, are now promoting USI?
Perhaps you are one of those Ponzi pimps? Idk, just asking because anyone who disregards this information would seem a fool. What information are you referring to? The issue here is about Usi Tech being a ponzi and so far a lot of people have said it is a ponzi but not one person has come up with any evidence that it is. I await a lot of derogatory comments!!!! Think about it: currently Usi have approx. I know, someone will say that is more money for the owners etc….
The owners travel the world attending meetings and talking to people. Ask yourself this: if Usi is a ponzi and the owners knew that, why would they do all this? People here have been talking about the tokens that have been for sale for the past 6 weeks, as of now 82,, have been sold, correction make that 82,,, that is SOLD. The free tokens are not included in this total nor are the bonus tokens. If it walks like a duck, quacks like a duck and swims like a duck then it must be a duck.
Your logic says its a monkey. JC — the owners are in it for the money. Ralf Gold is an out and out bullshitter and lives in a non extradition country. Even known scammers like Charles Scoville of Traffic Monsoon infamy agree its a scam.
Ponzi pimps are all into USI because they recognise the signs of all the scams they have previously flogged i. Tim, not sure what your point is. This profit is easily achievable from mining and trading. Jc : Cryptoskeptic, what are the symptoms you are reffering to? That is good advice for anyone to give, I agree with it. Considering the size that Usi Tech has grown to and the number of countries they are involved in I would imagine many countries would be fighting to lock them away.
You are making assumptions with no proof. Remember, new investment is only generated when someone creates a new account and invests directly into USI-Tech not their upline. To be legitimate one can not fudge numbers and claim to be making enough just to sustain withdrawal requests.
It failed, because on paper Traffic Monsoon had nowhere near enough money to pay actual owed amounts every single ROI ever matured. Obviously your first rodeo. Best of luck with the scamming. Which is it? Does usi pay existing affiliates with new funds, or do they pay them with their own money? It has been stated here that for every btc pack bought then 1. I assume you have seen the usi Ether mining?
Or has that been faked? The Btc mining stats will be displayed shortly, will that help to satisfy you? They do this over and over again, till they have enough of a monopoly money balance to start withdrawing from. The process contributes to massive headaches when it comes to victim fund recovery and has been extensively detailed by both the Zeek Rewards Receiver and TelexFree Trustee.
Please stop wasting my time. Is this Jc geezer having a laugh. Why not sell the farm, borrow against your credit card, Convince your parents to invest their life savings?? His upline is probably telling him that the bloggers are all negative and jealous. They see him as a forward thinking go getter who knows where the future is going; and he will be walking across the stage soon with all the big leaders and driving a Bentley too.
Ponzi playbook — Boost the marks ego. A good scam will always have some element of plausibility. I doubt that anyone is trying to arrest them right now. By the way. Can I have your bitcoin please? After all USI is a legitimate organisation making all its affiliates wealthy. They must have made a mistake. Perhaps Ozedit: nothing. Tim: It would be very easy to tun 1 btc into 3 btc in 12 months, whether you could do it is another matter. What was the point of this comment? I was trying to point out that you would not trust me under the same conditions so why do you trust USI?
Can you give me more information please? Thank you. Jc : Oh dear, you request proof of income and when it is shown you call it fake!! If this scam had any legitimacy at all. Its been getting littered all over teh internet by all the ponzi puppets. Oz, it is time for me to take my leave anyway. Bye Felicia. Jc — we live in a globally connected world. There are auctions! Same here. A company that lies about external revenue and fails to provide investors with evidence of such is hardly transparent.
So you have third party verified written proof of outside revenue generated? Or is the transparency you speak of verbal like yours? What did your due diligence pull up about USI U. Leader Sharon James? And you are giving her new company your money? You can now no longer buy packs on behalf of your team members. You can still buy them for your personally enrolled members, which is a small percentage of your downline and they have put a limit of 1 Bitcoin per day on what you can buy.
Given the 1 Bitcoin per day limit huge amounts of money have been involved as well as 1 Bitcoin per day is still a large amount. It may be only me but it looks like no one wants to be associated with this smoking pile of crap. Oh yes, there is someone called Ahern who is going to generate free energy and blow hot gas up investors backsides.
This is an exerpt from a post by Michael Faust Digital Tycoons ponzi puppet. If the facts were real do you believe Chris and I would be involved with USI-TECH, risking our reputation, and putting public videos etc of us with the owners all over the internet the past 6 months. What is being expressed in these videos are opinions, not facts, by people who have not done due diligene on USI. Chris and I have interviewed the owners in multiple locations on multiple occasions and put those interviews live on the internet on YouTube for the world to see.
Would he get up on stage in London in front of people and publicly state his support and endorsement for USI if it was a ponzi. Evan is ranked highest paid executive in the USA. This is a commercially sensitive arrangement that cannot be disclosed. However the mining pool results will be publicly displayed in the near future. That will kill recruiting. I may have missed it though. Then, if there is indeed an association, are we sure Evan Ahern knows what he has gotten himself into?
The revered creator of the phoney forex crypto platform see f. Banned in Portugal for a previous scam. So Lyoness has just been called out in Poland. Look who was promoting it a few years back. You guessed it Ralf Gold. Do I really need to explain the concept of global time-zones to you?
Jim : I am curious how this posts as Dec 21 when I am reading it today which is only Dec 20,? You see Jim. The world is a wide and vast place…. Divided into timezones. And you get a fraud alert! Oz : Thanks for the heads up Dickie! There ISNT. Its blockchain, its in the fucking ledger. Its literally impossible. Almost certainly the language that got them into trouble was — ironically — the very same language they were using to try to stay OUT of trouble.
I dig into this following my withdraw transaction on the blockchain. I have purchased 10 BTC package in August. Then realized it a scam too many red signs since then Im withdrawing my bitcoins. Im sorry for all those people who still think its a legit business I have some family there, but they dont want to listen. Will the SEC help in The recovery of funds? Can somebody help me. My contacts say payments have definitely slowed down. People must be storming to get out what they can.
The excuse for slow payments is advice from Bitgo that processing times are longer than normal. They think their clients are accepting fools. I email them too, three times over three days. Never got a reply. Their website was down for three days , too — a very big oversight on their part.
Even the guys in India, the Phillipines or Brazil , wherever their servers are, need a break over Christmas. But payout processing time has definitely slowed. A red flag. In the MLM underbelly a cryptocurrency whitepaper is just marketing with comp plan documentation. Dear OZ, one of my friends asked how many of your calls on scams have turned out to be wrong and the business turned out to be legit. Analysis of a business model comes down to flow of money.
You have the same affiliate types making the same claims and ignoring the facts in the process. Apparently, USI-Tech is blaming the field for using unapproved marketing technics, and claiming that is why they shut down. What a hoax. They were just marketing what the company was offering — get-rich-quick, too-good-to-be-true crypto-scams. When will people ever learn. So i was an early investor and i pulled out over the last few months because something seemed fishy.
Looks like a cash grab. It would be very interesting to hear what a true crypto professional has to say about it. Horsch Shit and his gang have disappeared. First person to see any of them gets a free BTC package. The fixed link is: usitech-promoter. This is pure marketing, with hardly any technical information and with the little information provided mostly a statement of intents — what they claim to be aiming at, without saying how.
For example I would wonder how their very ambitious latency goals can be met; the thing would require quite an impressive infrastructure, and an aweful lot of bandwidth. But of course we all know the thing will only ever exist in the marketing land of promises, and made up promises are cheap.
Do the lottery then. USI-Tech management seem to think continuing to offer unregistered securities but not paying anyone puts them in the clear. At the same time, they very well might. Of course you have. You probably too dumb to see that at this point because you probably have invested so heavy that you hate to say you lost!
John Thompson. Looking at it rationally eh. Innocent as new born babes. Yes, it looks like nobody will get their money back. Only the makers, Horst Jicha and his wife Fatima, who enjoy life at your expense. I know both of a party in Mallorca, where Fatima has also told me a lot of what is going on where. Your email address will not be published.
Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. Leave this field empty. USI-Tech Review 2. Good luck…. Jul 24th, at am Bob Q. Jul 24th, at am Oz Q. Jul 24th, at am Kasey Chang Q. Jul 24th, at am Harry Smiles Q. The packages were introduced in march at the earliest, I believe. Not May. The world is doing so terrible, people have to believe usi will set them free once and for all.
This is all I know. Ozedit: Marketing spam removed. This is the same as every other MLM Ponzi scam out there. Jul 24th, at pm Anil J Q. All the leaders, just push and push. Exactly what sharon james did in Traffic Monsoon. Jul 24th, at pm Harry Smiles Q. Show me the math. I know. Not that I will give a fuck for much longer, since I started cashing out 2 weeks ago.
Jul 24th, at pm Oz Q. This is MLM. Only scams hide this information. Yes, they were. How USI-Tech operate is not a secret. Signing off. Just another Ponzi hack who thinks he can beat the odds. Jul 24th, at pm Malthusian Q. Jul 25th, at am Kasey Chang Q. Jul 25th, at am DGR Q.
Jul 25th, at pm Numbersguy Q. Jul 25th, at pm Oz Q. Jul 29th, at am Maria Q. Jul 29th, at am Oz Q. If you wish to discuss anything non-MLM do it elsewhere. Aug 11th, at pm The Jackass Q. Aug 15th, at pm Laurence Q. Sep 2nd, at pm Skeptical Investor Q. You choose to compound or withdraw daily. Sep 2nd, at pm Oz Q. Sep 2nd, at pm littleroundman Q. Sep 4th, at pm Jim Q. I have recently invested in the project, bought 5 packages. It is money I can afford to lose if it goes belyy up, we shall see.
Terrence B. Sep 5th, at am Terrence B Q. This will be a fun ride. Meanwhile the leaders make a mad dash with the cash! Sep 5th, at am Char Q. Sep 7th, at pm Moonboot Q. Sep 7th, at pm littleroundman Q. Im only reporting what im hearing, dont shoot the messenger. Sep 7th, at pm anjali Q. Moonboot : Im only reporting what im hearing, dont shoot the messenger even if your comment is very very dumb…?
Sep 7th, at pm Char Q. Your welcome, still it doesnt prove a thing either way. What happened to the lawyer? Going to be some red faces or some alot of i told you so. Looking forward to the outcome. Again in time we shall see the outcome. Sep 8th, at am littleroundman Q. Moonboot : Going to be some red faces There most certainly will. Sep 8th, at am Oz Q. This is illegal.
Time in Ponzi schemes does nothing but give those doing the scamming time to get away. Sep 12th, at am Pascal Q. Sep 12th, at am Oz Q. Sep 25th, at pm Daniel Booth Q. Live results of trading accounts by an independent trading site FXBlue for nearly Sep 25th, at pm Oz Q. Sep 25th, at pm Kasey Chang Q.
Sep 28th, at pm anjali Q. Sep 29th, at am James Q. I wanted to save him and he was a total asshat… If they have taken in mil, when will someone put the brakes on this shit??? Sep 29th, at pm anjali Q. Sep 29th, at pm littleroundman Q.
Sep 29th, at pm scammerssuck Q.
A background report on Dan Putnam conducted by a public records search service reveals that Richard Theodore Putnam is a year-old probable relative of Dan Putnam. Furthermore, the agent address listed on the LLC registration matches a possible location of Dan Putnam highlighted in the background report. They specialize in multi-level marketing MLM businesses -- industry speak for companies that use pyramid structures of commissions and bonuses to encourage existing customers and investors to refer new people to the business.
He's a serial MLM founder -- there are website domains registered to Dan Putnam , but that list isn't exhaustive because it doesn't even include Eyeline Trading or WealthBoss. Putnam wasn't always a Bitcoin Ponzi specialist, he simply takes advantage of whatever is trendy at the time.
The fact that it takes such a large amount of digging to find out who really owns these companies is a major red flag, warned Joseph Rotunda, Director of the Enforcement Division at the Texas State Securities Board, which issued USI Tech with a cease and desist order in A normal, credible investment company would readily list its top employees and founders on the websites. They'd also include a mailing address and phone number.
The scammed security guard from Tel Aviv is not alone. He's one of six former investors who Point and Engadget interviewed for this story. All told, they lost every cent of the money they handed over to USI Tech. By the time the scheme collapsed in spring , Rotunda estimates the organizers could have extracted hundreds of millions of dollars from the general public all over the world.
She asked to remain anonymous for fear of what her friends and family would say if they knew she'd been conned. For the purpose of this article, we've called her Joy and refer to her daughter as Alice. Many others wouldn't speak on the record for fear of social stigma.
Alice said it's a tough thing to talk about because the referral system naturally means most investors also introduced family and friends who also lost their savings. Meanwhile, Rotunda says it's important for law authorities around the world to keep on top of this whack-a-mole Ponzi problem.
All the victims interviewed by Point and Engadget want to know if they'll ever get justice. Rotunda is cautiously optimistic. There are a lot of very creative people out there who are very adept at covering their tracks and concealing their location, but at the end of the day things tend to catch up with them, so I'm confident that whoever is behind it will be brought to justice.
Eyeline Trading, Putnam said, was on the British Columbia Securities Commission's Investment Caution List solely due to it "not being possible to register a crypto-based company" with the exchange at that time. He added that he has "no idea who runs or owns usitech. The rebrand to WealthBoss, Putnam said, came about because another company named Eyeline asked them to rebrand due to "percent false scam reports" that were affecting the unrelated company's business.
Putnam said he has nothing to do with USI Tech. He knows "very little" about that company, although he did note that "some of their distributors are also [WealthBoss] distributors. There was one line in the original story that conflated the two entities, and this has been corrected. We apologise for the error. We have reached out to Putnam for further clarification and comment on this story, and will continue to update this story as appropriate.
Sign up. Plackett Sponsored Links. In this article: business , gear , longread , pointxengadget , security. This article was produced in partnership with Point , a YouTube channel for investigative journalism. They're developing technology that lowers the costs associated with mining by through renewable energy sources. In turn, this dramatically increases the efficiency of blockchain server farms.
This has allowed the company to become a global leader in cryptocurrency mining. Similar to every other decentralized company they have also created their own cryptocurrency called UTC Coin also known as Tech Coin. The mining packages cost 50 euros each and are paid in Bitcoin. The number of days is takes to achieve this is all dependent on the amount that is actually mined just like with any other mining company.
As far as the token packages go, there are 5 from which to choose and they have a multi level marketing MLM commission component to them. There are 12 levels of commission opportunity and other bonuses that can be earned. Packages start as little as only tokens and the price of each package is tied to the current price of Bitcoin.
The final category is the Forex package which will soon be available for purchase. For those more comfortable earning good old fashion dollars or euros this might be an enticing option. Another advantage is that it does not require a brokerage account or a virtual private server.
USI-Tech recommends that investors leverage the following strategy to maximize profits:. All posts.
Signing up referrals is not a necessary part of the platform, but it will of course increase your returns over time. The first is their website. While they just redesigned the frontend and the backend, I feel like the front facing site before you signup is VERY vague and does not talk about their product offerings at all. Hopefully since they have just made a major transition and are trying to roll out new products this will change soon.
The second issue which I have done ZERO research to confirm is that the owners have been part of previous schemes that have fallen apart and left a bit of a scar on their reputation. While I have not researched this in-depth for this article, it will be something I dive into later in the series. Get ready to follow along my journey as I post regular updates as to how my packages on USI-Tech is going and the research I do along the way. It may very well be a ponzi scam. I just try to provide an unbiased inside look into the platform for my readers.
Funny how this is pretending to be an objective test but you post the link to your very own down-channel connection. Conflicted much? There is no hype in the article. I just lay out exactly how it works good and bad and that is it. Yes at the very end of the article I mention that you can sign up using my code if you want.
How does that make anything here not objective? So secretly I tell you all the flaws and strengths of the platform in some plan to convince you to sign up? If my goal was to simply promote USI so I can get referrals I certainly would not be doing it this way. My question what is the best platform to trade bitcoin on? Hi Don, yes I just saw this as well. Texas is on a hunt!
Thank you. There are a lot of companies out there that promise returns, many just are not legit. Nothing is guaranteed! I hope you can withdraw the amount of BTC invested. You can still buy Bitcoin. Skip to content. Follow Me On Social:.
The only real information that can be gathered regarding the company is the date it appeared on the web — which is around mid Other than that, the critical background information about the company is entirely lacking. Most companies that shy away from giving out their information are usually not trustworthy, unfortunately. It is not fair to disregard this company, however, as we are just commencing this USI Tech review.
Moving on to the products on offer, this company does not have your typical products to talk about. The main product that is assured here is the affiliate membership which affiliates can be able to sell and the fact that guaranteed returns are made after you make an investment.
Regarding the affiliate membership, a signed up user is able to access a forex auto-trading system included in the platform. This platform apparently is based on the MT4 Trading Software which is popular for making the market analysis. Affiliates get to enjoy both brokerage fees and recruitment commissions which are sent to them directly.
A residual commission system also exists. This is the same as other ones I have exposed as ponzi schemes like BitPetite. When you consider the fact that the larger your cryptocurrency portfolio the harder it is to trade. As soon as you try and sell your position people will see that you are selling it and the price will drop so much you would never be able to get rid at the price you wanted.
Perhaps this would work on trading Bitcoin alone because the volume is into the billions but regular cryptocurrencies no chance. An investment of Bitcoin will be hard to trace, virtually impossible actually and there is really nothing stopping the USI Tech owners from simply running off with your money if they wanted to. Like I explained if the owners wanted to run off with your money they could quite easily.
Conclusion. From the USI Tech reviews, we can gladly conclude that. hutsonartworks.com › wealth › usi-tech-reviews. The USI Tech scam involving cryptocurrency, which began in , was one of the largest crypto scams to have ever been perpetrated. What was marketed as.