Bitcoin Forum

This is my bad experience with the telegram channel Micheal trading and investors

What happened:

"Micheal trading and investors" guarantees a weekly income of 40%; the investor is free to choose the lenght of the investment and there is no limit on the initial amount to invest.So I decided to try it.

Once registered on their Telegram Group I contacted "Michealtrader" writing that I was interested in investing 2.86 LTC for 2 weeks (made 25th June – payout planned 9th July).After a couple of minutes I received an address from him where deposit my LTCs.
Unfortunately I’ve requested another investment in the while, 0.058 BTC for 1 week (made 27th June payout planned 4th July).

I was a little bit suspicious so I traced the path of my LTC on the blockchain and this is what i found out.

Please look at the those 8 screenshot before proceed reading.

https://imgur.com/a/5xRLkoF

As you can see he used my LTC to pay another user.

After discovered the "trick" I contacted a User on the same channel who complained that he had not received his payment after 3 days ......

Result:
- I've been blocked by the admin
- I've been called scammer after showing my doubts and proof.
- I've been contacted in PM by MichealTrader.......... stating that my LTCs were transferred to Binance but the BlockChain confirms the exit on another User address.

After the "mess" the original channel was closed and then reopened through another link , so the messages from the previous channel were lost but fortunately we took some screenshots as a proof.
I requested many times a refound of my basic investement but never happened. So I decided to keep playing his “game” and wait for my BTC investment, where the payout was planned for the 4th of July……never got it after many request and promise.


https://imgur.com/a/Exk2Yu8

I’ve been in touch with other users that experience the same issue with a loss of 5 BTC. Those users were banned from the channel and never recovered their investment.


Recently “Micheal” opened two website where offers some investment with high returns.

cryptocapitals.tech/
clifund.org

Both company are located in Zug. But never got registered on the Swiss Commercial Register.I’ve personally checked on the Swiss Public Register on moneyhouse.ch/en/ and here zefix.ch/en/search/entity/welcome.

Been in touch with the Commercial Office in Zug – Swizterland , they confirm both company are not registered. See the attachment.

https://imgur.com/a/WHAKx2s

I’ve checked through a WHOIS the owner of the website and this what I found out:
Domain Name: CRYPTOCAPITALS.TECH
Registry Domain ID: D71422575-CNIC
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
Updated Date: 2018-07-04T21:13:15.0Z
Creation Date: 2018-07-04T21:12:55.0Z
Registry Expiry Date: 2019-07-04T23:59:59.0Z
Registrar: Namecheap
Registrar IANA ID: 1068
Domain Status: serverTransferProhibited https://icann.org/epp#serverTransferProhibited
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: addPeriod https://icann.org/epp#addPeriod
Registrant Organization: WhoisGuard, Inc.
Registrant State/Province: Panama
Registrant Country: PA
Registrant Email: Please query the RDDS service of the Registrar of Record identified in this output for information on how to contact the Registrant, Admin, or Tech contact of the queried domain name.
Admin Email: Please query the RDDS service of the Registrar of Record identified in this output for information on how to contact the Registrant, Admin, or Tech contact of the queried domain name.
Tech Email: Please query the RDDS service of the Registrar of Record identified in this output for information on how to contact the Registrant, Admin, or Tech contact of the queried domain name.
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
DNSSEC: unsigned
Billing Email: Please query the RDDS service of the Registrar of Record identified in this output for information on how to contact the Registrant, Admin, or Tech contact of the queried domain name.
Registrar Abuse Contact Email: abuse@namecheap.com
Registrar Abuse Contact Phone: +1.6613102107
URL of the ICANN Whois Inaccuracy Complaint Form: https://www.icann.org/wicf/
>>> Last update of WHOIS database: 2018-07-06T08:36:27.0Z <<<

Domain Name: CLIFUND.ORG
Registry Domain ID: D402200000006042187-LROR
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
Updated Date: 2018-05-07T13:18:58Z
Creation Date: 2018-05-07T13:16:26Z
Registry Expiry Date: 2019-05-07T13:16:26Z
Registrar Registration Expiration Date:
Registrar: NameCheap, Inc.
Registrar IANA ID: 1068
Registrar Abuse Contact Email:  
Registrar Abuse Contact Phone: +1.6613102107
Reseller:
Domain Status: clientTransferProhibited
Domain Status: serverTransferProhibited
Domain Status: addPeriod
Registry Registrant ID: C205782011-LROR
Registrant Name: WhoisGuard Protected
Registrant Organization: WhoisGuard, Inc.
Registrant Street: P.O. Box 0823-03411
Registrant City: Panama
Registrant State/Province: Panama
Registrant Postal Code:
Registrant Country: PA
Registrant Phone: +507.8365503
Registrant Phone Ext:
Registrant Fax: +51.17057182
Registrant Fax Ext:
Registrant Email:  
Registry Admin ID: C205782012-LROR
Admin Name: WhoisGuard Protected
Admin Organization: WhoisGuard, Inc.
Admin Street: P.O. Box 0823-03411
Admin City: Panama
Admin State/Province: Panama
Admin Postal Code:
Admin Country: PA
Admin Phone: +507.8365503
Admin Phone Ext:
Admin Fax: +51.17057182
Admin Fax Ext:
Admin Email:  
Registry Tech ID: C205782013-LROR
Tech Name: WhoisGuard Protected
Tech Organization: WhoisGuard, Inc.
Tech Street: P.O. Box 0823-03411
Tech City: Panama
Tech State/Province: Panama
Tech Postal Code:
Tech Country: PA
Tech Phone: +507.8365503
Tech Phone Ext:
Tech Fax: +51.17057182
Tech Fax Ext:
Tech Email:  
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
DNSSEC: unsigned

As you can see both website are registered in Panama.
This service and  PO BOX is well know used in the past from other scammers that offer investment like:
Gersics.com
Proactivelendingsolutions.com


Two importants crypto telegram channel confirmed he is a scammer.
https://imgur.com/a/XgTamrJ

As you can see from the link below, a user scammed got in touch with one Admin "Alin"..........I'm speechless for the Admin reply......

https://imgur.com/a/qxtxNjD

Scammer channel Link:
t.me/MichealMain
t.me/michealtrader2
cryptocapitals.tech
clifund.org


Additional Notes: I'm trying to recover my investment.Keep waiting and waiting with false promise.
Amount Scammed: 0.058 BTC and 2.86794379 LTC
Payment Method: Bitcoins,LTC
Proof of Payment:
https://live.blockcypher.com/ltc/address/LMKXjHEW1bNBjovQPLcww6PVzYdNQoopnP/
https://blockchain.info/address/1tWAmbcYqDtfLi1ymUfwqAd31MNpfjcBB

Sorry for your loss, OP, these scammers are really ridiculous trying to scam everybody again and again. But profits of weekly 40% are a big red flag. There is no possibility that someone is able to make so much money in such a short period. And why should they give that money away, they would be rich in a few months and don't need investors for this...

Every investment promising around or more than 1% per day is most likely a scam. I've never seen such a site promising profits by trading lasts very long. They make no profits, the only thing they do is to pay first investors from other investors money, like you have investigated correctly.

I'm sorry, there is no possibility to get back your money, the scammers will vanish to the beach now...  :(

Wow, that was a pain to read. Next time, try to consolidate all your images and text in a shorter post overall.

So if I understand correctly, the scammer was offering weekly returns of 40% through apparently "trading", then after you sent the money to the address that he provided on Telegram, he paid it to some other investor instead of actually trading with the funds? And at the end, he just took your money and ran with it, essentially. Anything that I missed?

Anyhow, the warning was really there at the beginning when 40% weekly returns were mentioned. Any time this is offered to you, there is zero chance that this is legitimate. The fact that your funds were used to pay back another person means that either he's running a ponzi, or more likely, that 'investor' is really just an alt of his.

Either way, stay away from anything that a) requires to invest in some anonymous guy over the internet and b) promises extremely high returns and c) is run on a platform on which everything is anonymous and controlled by the admin. This ticks all the boxes of an obvious scam. Any sites that this Micheal guy opens is obviously not to be trusted either.

The guy at the end, Alin, was clearly trying to just get more money from the victim while he still can. Sorry about your losses, I doubt you'll ever be able to recoup it though. However, it's a good warning to all those out there looking to invest in similar schemes.