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1  Local / India / KOSMOH: A NEW MLM SCAM FROM AN OLD MLM SCAMMER: AMIT JAISWAL on: March 04, 2020, 03:05:47 PM
Greetings to my Indian crypto friends!
The last time I posted in your esteemed section was a thread on the subject of the GainBitcoin scam and its owner, Amit Bhardwaj.
Anyone who is interested in a bit of history might like to read it (I see it has an amazing 63,000+ views) here.
The subject of today's post is another scam by another Amit, Jaiswal this time (who also promoted GainBitcoin).
Jaiswal then went onto the Powerhashing scam and then the infamous Asiadigicoin shitcoin.
He's back with another bunch of lies and deception called KOSMOH and, seeing as he has produced a YT video in Hindi on it, I thought this review I have written of it may be of interest to you in India.



KOSMOH is promoted as a crypto "ecosystem", HQ'd in the U.S.A.
They promise all sorts of apps built on their "hybrid blockchain," with an in-house payment token.
Quote
American Business tycoons, traders, financial consultants and technology experts have come together to build a platform for CRYPTOCURRENCY, FOREX and COMMODITIES traders. At Kosmoh we are an established team of 74 individuals who are committed to developing Blockchain Eco-systems and cryptocurrency space.

Company invests in new TECHNOLOGY to reap maximum returns.
World's First Network Marketing Platform built on the Hybrid Blockchain.
Public blockchain designed for the real world.

 A system with state of art technology in AI , MACHINE LEARNING , ROBOTICS and BLOCKCHAIN brings a simple platform for community to gain passive income with ZERO TRADING RISK.
KOSMOH bringing amazing product line to create amazing business opportunity for entrepreneurs.

www.Kosmoh.com

Headquarter in Wyoming, USA

At Kosmoh we are developing many blockchain applications, along with “KOSMOH" Token, World’s first utility token to be used as the primary payment method for all our applications.

1. Kosmoh Market - A Social & Mirror Trading App, designed to help traders explore new ways to generate profit.
2. Kosmoh Jackpot - World’s largest online betting platform with over 35 sports available to Bet on.
3. Kosmoh Adventure - Largest library of best blockchain games.
4. Kosmoh Mingle - Chat, Flirt, Love & Meet with the people who are looking for friendship and love.
 

It is an MLM (multi-level marketing scheme) with intro and renewal bonuses, a matrix and passive income. Probably the kitchen sink in there too, somewhere.


Quote
Kosmoh Affiliate Marketing System
---------------------------------

Exciting Compensation Plan:

1) PRE-ENROLLEE BONUS: Earn upto $2 on every free registration. Unlimited Earning without investment.
2) AFFILIATE BONUS: Instant 50% commissions on every direct referral activate membership pack of $50.
3) TRADING BONUS: {PASSIVE INCOME}

Package to choose - 300 USD , 500 USD, 1200 USD, 3000 USD, 7000 USD, 15000 USD, 50000 USD

Daily Trading Bonus between 0.3% and 0.7% per day.

Quote
4) REFERRAL BONUS: Earn Matching % of Trading Bonus from Level 1 to Level 11.
5) UNILEVEL BONUS: Earn Business Volume % on Trading Package from Level 1 to Level 11. Daily Capping/Ceiling is 50% value of your trading package.
6) RENEWAL BONUS: Whenever any affiliate in your team earns 4 times (400%) of the trading package amount, they will renew their trading package and YOU GET PAID AGAIN & AGAIN.

Kosmoh is being heavily promoted on social media, mainly Facebook and Telegram.

Quote from: Telegram
Congratulations Few Opportunists Leaders around the World, for becoming the initial pillars of Kosmoh, Mark my words these guys will be the Future Of #Kosmoh and Future Millionaires.
 

Check out all those bolded buzzwords...
I think KOSMOH is a scam, run by liars and marketed fraudulently.
Here's why I think that.



Let's start with their website home page.
Pretty formulaic, full of "impressive" psuedo jargon that says nothing. Stuff like

Quote
Kosmoh follows the strongest security measures. We respect our user's privacy so we do not allow access third parties to their confidential data. The platform does not even require any personal data of user in trading with us. Kosmoh follows self encryption techniques to secure its transactions.  
Quote
Kosmoh ensures its users to receive the best of services so we do believe in quickest of possible responses.  
Quote
We build the platform to rise, peoples towards the bright future in terms of financial success. We found the key to success in these safest platforms for investment.  
and so on.

Further down the page we arrive at their Executive Team.
As has been made clear in the Telegram post, the claim is that Kosmoh is based in the U.S., and the Team are reassuringly WASPy. They have that MBA look. Solid professional. And FAKE.


Let's have a look at the Founder and CEO of Kosmoh, "Jim Asche".
Quote
Jim is an experienced Entrepreneur, Blockchain Enthusiast and visionary behind many successful organizations.
But Jim's Linkedin links to Antony Raynor's broken account.
And Jim is actually Aaron Paker with a false beard and glasses.



How about "Pete Isner"?
Quote
Experienced Director Of Business Development with a demonstrated history of working in the financial services industry.  
Also, more relevant here
Quote
skilled in Adobe Photoshop
Pete's Linkedin works, 28 connections and generic "worked at Intel" says fake, fake, fake.
So does Pete's stick on power stubble (the original image is stock)



And so it goes on, fake after fake.
Their blockchain expert "Mia McBride" has even had "Tyler Weah"'s fictional biog cut and pasted to her Linkedin. Sloppy work, scammers.
"Tyler" himself? he does Fiverr videos.



The Development Team all wear stick on glasses in their profile pics. I've checked a coupleof ID's out: naturally, fake.
As we go down this fantasy page we next hit a bizarre Fiverr video, then "WHAT OUR CLIENTS ARE SAYING" which is always fun and always fake. As they are here.
And then we hit the bottom (in more ways than one) with the much accentuated AMERICAN HQ.
Needless to say, the photos are stock with crude overlay and the Address is an industrial park wasteland.




For me, that's completely sufficent proof that this Kosmoh thing has been totally invented by some sloppy, cliched scammers and that the whole scheme has been designed with one thing in mind, the
 
Quote from: Requote from above
Kosmoh Affiliate Marketing System

Make no mistake, this a classic MLM scam setup, so I wonder who'll we find behind its promotion?
Let's start with that shithole from Hell, Facebook.
Oh look, more MLM cliche, a KOSMOH POWER TEAM.

And immediately we find one of the most odious of the odious: Amit Jaiswal

Jaiswal is a shiny suited, slimy worm who I have encountered before.
He was promoting the infamous $300m GainBitcoin scam for the other Amit (Bhardwaj, who is grinding his way, hopefully to a long stretch, through the tortuous Indian legal process at the moment) and after that collapsed, set up Powerhashing, his own fraudulent Cloud Mining set up and then the shitcoin AsiaDigiCoin.
I wrote about them, here and here and here.
His Kosmoh promotion is dull, but his target audience is naive and uneducated in investment.


He also has a Hindi language ou tube video, you get the drift from this shot



The Facebook Group Admin is a Russian who goes by the name of Dima Chugunkin, a self described "Influencer"...
He's listed on TG as a $15k buy-in Affiliate, presumably needing to replace his Cloud Token income, now that scam is in terminal phase.




So, there we have it, Kosmoh the scam.
It won't come up on the radar of cryptogeeks too much, until it hits the news as yet another crypto scam facilitated by social media, with hundreds of naive victims that some will comfortably blame for being stupid.





2  Economy / Scam Accusations / KOSMOH: MLM SCAM on: March 04, 2020, 12:26:50 PM


KOSMOH is promoted as a crypto "ecosystem", HQ'd in the U.S.A.
They promise all sorts of apps built on their "hybrid blockchain," with an in-house payment token.
Quote
American Business tycoons, traders, financial consultants and technology experts have come together to build a platform for CRYPTOCURRENCY, FOREX and COMMODITIES traders. At Kosmoh we are an established team of 74 individuals who are committed to developing Blockchain Eco-systems and cryptocurrency space.

Company invests in new TECHNOLOGY to reap maximum returns.
World's First Network Marketing Platform built on the Hybrid Blockchain.
Public blockchain designed for the real world.

 A system with state of art technology in AI , MACHINE LEARNING , ROBOTICS and BLOCKCHAIN brings a simple platform for community to gain passive income with ZERO TRADING RISK.
KOSMOH bringing amazing product line to create amazing business opportunity for entrepreneurs.

www.Kosmoh.com

Headquarter in Wyoming, USA

At Kosmoh we are developing many blockchain applications, along with “KOSMOH" Token, World’s first utility token to be used as the primary payment method for all our applications.

1. Kosmoh Market - A Social & Mirror Trading App, designed to help traders explore new ways to generate profit.
2. Kosmoh Jackpot - World’s largest online betting platform with over 35 sports available to Bet on.
3. Kosmoh Adventure - Largest library of best blockchain games.
4. Kosmoh Mingle - Chat, Flirt, Love & Meet with the people who are looking for friendship and love.
 

It is an MLM (multi-level marketing scheme) with intro and renewal bonuses, a matrix and passive income. Probably the kitchen sink in there too, somewhere.


Quote
Kosmoh Affiliate Marketing System
---------------------------------

Exciting Compensation Plan:

1) PRE-ENROLLEE BONUS: Earn upto $2 on every free registration. Unlimited Earning without investment.
2) AFFILIATE BONUS: Instant 50% commissions on every direct referral activate membership pack of $50.
3) TRADING BONUS: {PASSIVE INCOME}

Package to choose - 300 USD , 500 USD, 1200 USD, 3000 USD, 7000 USD, 15000 USD, 50000 USD

Daily Trading Bonus between 0.3% and 0.7% per day.

Quote
4) REFERRAL BONUS: Earn Matching % of Trading Bonus from Level 1 to Level 11.
5) UNILEVEL BONUS: Earn Business Volume % on Trading Package from Level 1 to Level 11. Daily Capping/Ceiling is 50% value of your trading package.
6) RENEWAL BONUS: Whenever any affiliate in your team earns 4 times (400%) of the trading package amount, they will renew their trading package and YOU GET PAID AGAIN & AGAIN.

Kosmoh is being heavily promoted on social media, mainly Facebook and Telegram.

Quote from: Telegram
Congratulations Few Opportunists Leaders around the World, for becoming the initial pillars of Kosmoh, Mark my words these guys will be the Future Of #Kosmoh and Future Millionaires.
 

Check out all those bolded buzzwords...
I think KOSMOH is a scam, run by liars and marketed fraudulently.
Here's why I think that.



Let's start with their website home page.
Pretty formulaic, full of "impressive" psuedo jargon that says nothing. Stuff like

Quote
Kosmoh follows the strongest security measures. We respect our user's privacy so we do not allow access third parties to their confidential data. The platform does not even require any personal data of user in trading with us. Kosmoh follows self encryption techniques to secure its transactions.  
Quote
Kosmoh ensures its users to receive the best of services so we do believe in quickest of possible responses.  
Quote
We build the platform to rise, peoples towards the bright future in terms of financial success. We found the key to success in these safest platforms for investment.  
and so on.

Further down the page we arrive at their Executive Team.
As has been made clear in the Telegram post, the claim is that Kosmoh is based in the U.S., and the Team are reassuringly WASPy. They have that MBA look. Solid professional. And FAKE.


Let's have a look at the Founder and CEO of Kosmoh, "Jim Asche".
Quote
Jim is an experienced Entrepreneur, Blockchain Enthusiast and visionary behind many successful organizations.
But Jim's Linkedin links to Antony Raynor's broken account.
And Jim is actually Aaron Paker with a false beard and glasses.



How about "Pete Isner"?
Quote
Experienced Director Of Business Development with a demonstrated history of working in the financial services industry.  
Also, more relevant here
Quote
skilled in Adobe Photoshop
Pete's Linkedin works, 28 connections and generic "worked at Intel" says fake, fake, fake.
So does Pete's stick on power stubble (the original image is stock)



And so it goes on, fake after fake.
Their blockchain expert "Mia McBride" has even had "Tyler Weah"'s fictional biog cut and pasted to her Linkedin. Sloppy work, scammers.
"Tyler" himself? he does Fiverr videos.



The Development Team all wear stick on glasses in their profile pics. I've checked a coupleof ID's out: naturally, fake.
As we go down this fantasy page we next hit a bizarre Fiverr video, then "WHAT OUR CLIENTS ARE SAYING" which is always fun and always fake. As they are here.
And then we hit the bottom (in more ways than one) with the much accentuated AMERICAN HQ.
Needless to say, the photos are stock with crude overlay and the Address is an industrial park wasteland.




For me, that's completely sufficent proof that this Kosmoh thing has been totally invented by some sloppy, cliched scammers and that the whole scheme has been designed with one thing in mind, the
 
Quote from: Requote from above
Kosmoh Affiliate Marketing System

Make no mistake, this a classic MLM scam setup, so I wonder who'll we find behind its promotion?
Let's start with that shithole from Hell, Facebook.
Oh look, more MLM cliche, a KOSMOH POWER TEAM.

And immediately we find one of the most odious of the odious: Amit Jaiswal

Jaiswal is a shiny suited, slimy worm who I have encountered before.
He was promoting the infamous $300m GainBitcoin scam for the other Amit (Bhardwaj, who is grinding his way, hopefully to a long stretch, through the tortuous Indian legal process at the moment) and after that collapsed, set up Powerhashing, his own fraudulent Cloud Mining set up and then the shitcoin AsiaDigiCoin.
I wrote about them, here and here and here.
His Kosmoh promotion is dull, but his target audience is naive and uneducated in investment.


He also has a Hindi language ou tube video, you get the drift from this shot



The Facebook Group Admin is a Russian who goes by the name of Dima Chugunkin, a self described "Influencer"...
He's listed on TG as a $15k buy-in Affiliate, presumably needing to replace his Cloud Token income, now that scam is in terminal phase.




So, there we have it, Kosmoh the scam.
It won't come up on the radar of cryptogeeks too much, until it hits the news as yet another crypto scam facilitated by social media, with hundreds of naive victims that some will comfortably blame for being stupid.



3  Bitcoin / Bitcoin Discussion / PAPER WALLET: FISHING VICTIM (sic)..... on: February 21, 2020, 03:39:30 PM

Quote
A drug dealer who amassed a €55 million fortune in the cryptocurrency bitcoin has lost the codes to access the accounts after hiding them with his fishing rod, which has now gone missing.

The Criminal Assets Bureau (Cab) has confiscated the 12 online accounts, or wallets, containing 6,000 bitcoin. However, The Irish Times has learned the accounts cannot be accessed because the codes are missing.
It means the €53.6 million monetary value of the bitcoin inside them, which is the biggest case in the Cab’s 25-year history, is out of the bureau’s reach.
Garda officers said they were hopeful advances in technology would one day enable them to access the bitcoin so it could be sold.

Clifton Collins (49), originally from Crumlin, Dublin, bought most of the bitcoin in late 2011 and early 2012 using cash he made growing crops of cannabis. The crypto currency has soared in value since then. Collins spent some of his money buying a two-seater gyro plane and learning how to fly it.
In early 2017 he had just over 6,000 bitcoin in one account but he feared it may be too easy for a hacker to access. He decided to spread his wealth across 12 new accounts and transferred exactly 500 bitcoin, worth almost €4.5 million, into each of them.
Collins then printed out the codes for the 12 accounts onto an A4 piece of paper. He hid the paper inside the aluminium cap of his case containing his rod which he kept at his rented home in Farnaught, Cornamona, Co Galway.
But when he was arrested with cannabis herb in 2017 in Co Wicklow and jailed for five years, there was a break-in at the house and it was also cleared on behalf of the landlord with many of Collins’s items being taken to a dump in Co Galway.
Workers at the dump told gardaí they remembered seeing discarded fishing gear. However, waste from the dump is sent to Germany and China to be incinerated and the fishing rod case has never been found.

Collins told gardaí he has had time to come to terms with the loss of the money and regarded it as punishment for his own stupidity.

Much of what he has told the Garda has been supported by a range of witnesses, including those who cleared his house, his landlord and others who helped him break up his bitcoin fortune into 12 accounts. Garda believe he has genuinely lost the codes for the accounts, which had not been accessed for a year before he came to the attention of the Garda.
The Dubliner is a former security guard who briefly became a beekeeper and won awards for his honey before he turned his attention to growing cannabis for more than a decade. Collins had much smaller amounts of bitcoin in other accounts, valued at €1.5 million, that the Cab has been able to access. Those bitcoin and more than €100,000 in cash has been seized from him.

https://www.irishtimes.com/news/crime-and-law/drug-dealer-loses-codes-for-53-6m-bitcoin-accounts-1.4180182
Also
https://www.irishtimes.com/news/crime-and-law/chance-encounter-with-garda%C3%AD-unmasked-bitcoin-millionaire-drug-dealer-1.4180140


4  Alternate cryptocurrencies / Mining (Altcoins) / Please Identify this miner for me on: February 19, 2020, 01:56:04 AM
And Frodo, please don't delete this thread until I've had a chance to read any answers, please  Wink

5  Economy / Scam Accusations / PERSONALIZED PONZI ADCHOICES by GOOGLE; GET-BITCOIN.ORG "MINING" SCAM. on: December 19, 2019, 08:35:13 PM

Visiting behindmlm.com, a good MLM scambusting site, my attention was caught by this ad next to the text, provided (obviously without permission of the website owner or any vetting) by the Google Adchoices algorithm



Provided by Tixlabs.com, an insecure Wordpress site, this leads to  https://www.get-bitcoin.org/ an obvious "mining" scam with ponzi level promised ROI and an attached referral scheme.


It's got the lot in the way of red flags, not that Google care

Impossible ROI
30% referrals
UK Companies House shell company Bitcoin Mining Company Ltd.
"Free" Starter Level
Fake testimonials

Quote from: Testimonial Example
I always like learning about new technology, and a bit of extra cash can't hurt, so naturally I was interested in Get-Bitcoin. When they told me I could join for free, I jumped at the opportunity, and in a matter of months I was making enough money to quit my job! After one month I was able to invest into the Diamond plan and now I proud to say that I make over $6,500 per week!


6  Economy / Scam Accusations / The $700m Ponzi: BitClub Network and Roger Ver. ROGER RESPONDS. on: December 11, 2019, 06:38:49 PM
Bitclub Network started in 2014 and this week five of their core team were arrested for wire and securities fraud.
Bitclub Network was a Ponzi scheme from the start.
They are scammers in the purest form; they created a "bitcoin mining project", sold shares in it and took the profit and investors' funds thru a Multi Level Marketing pyramid with them, the "founders", at the top.
They falsified data to appear to be profitable and made derisory payments to the "idiots" and "sheep" (as they termed their investors) from new investors' money.
Anyone who looked closely at their scheme could see this. The fact that it lasted for five years is due to a number of factors, including naive investors FOMO'd in by hi pressure salesmen, the increase in the value of Bitcoin and the lack of any oversight of crypto investment schemes.
But Bitclub Network didn't exist in a bubble. Apart from the MLM salesmen who treated crypto as the "next big thing" to mis-sell, there were a number of relationships within the growing crypto space itself, without whose complicity this fraud could not have grown to the extent that it did.
Bitclub made name dropping a marketing tool: they continually referenced BitFury, Bitmain, Genesis Mining and Roger Ver, amongst others, to position themselves as part of the "legit" Bitcoin establishment in the eyes of their newbie investors.
Let's look at the BitClub Network's relationship with Roger Ver.

TIMELINE

February 2016.

The MLM business is full of sociopathic frauds. They lie convincingly and remorselessly. They invent, evade and dissemble.
One such animal is J. Ryan Conley, a hi profile BitClub recruiter in the early days.
He tweeted



A common MLM scammer ploy, credibility by association with established figures.... "My homie Roger Ver"
Roger, not surprisingly, took exception to this and tweeted back

 

Which is perfectly reasonable.
Roger isn't unintelligent, he knew how competitive mining was and understood that a project with a hugely expensive, parasitical compensation structure would be unsustainable.
He makes that frostily clear on the CryptoShow @ 45 minutes. (Listen to Weeks' babble as much as you want to as well.)

Fast forward a year, to March 2017.
A lot has happened.
The bull run has really started and the schism between Roger and the BTC establishment is obvious. (This is a big subject, big blocks etc., and not that relevant to this thread in minutaie. Here's a contentious primer if you want one.)

Out of the blue, comes an extraordinarily humiliating (for Roger) You Tube video released by BitClub on March 26.



Why would Roger do that? Recant a perfectly reasonable opinion in such a bizarre way? They even make him read it out, like some naughty kid in school being punished!
There's a big difference between a favorable first impression of a project then subsequent cynicism, and initial logical cynicism being publically withdrawn. The latter would surely require pretty concrete proof, but we now know that there's no chance of Bitclub being able to show anyone they were legit, because it was all lies anyway.
I repeat
Why would Roger do that?

Fast forward a month, to April 26, 2017 and a BitClub affiliate video....



Left to right: Russ Medlin, BitClub Network's top guy (the redacted name on the injunction). Roger Ver. Yoshie from Bitmain.

August 1 2017
The fork.

February 1 2018

Announcement from BitClub Network (edited by me for typo)

Quote
From February 1, we will only accept Bitcoin Cash (BCH) not Bitcoin (BTC), which means that you need to purchase Bitcoin cash from a stock exchange or wallet providers to register mining pools or buy. You can also convert your existing BTC to BCH, but either way it's just BCH!

We also pay ALL commissions in Bitcoin Cash!
For example, each binary cycle pays out $ 200 (about 0.013 BTC) bitcoins and the same $ 200 will be paid in bitcoin cash (about 0.08 BCH) as of February 1st. Nothing will change, you will still get exactly the same USD value for everything, but instead of being paid in Bitcoin, it will be credited to your Bitcoin Cash Wallet.
These include Binary, Level Up, Matching Bonuses, Infinity Bonuses and all other commissions. Apart from mining, profits will continue to be paid in Bitcoin (BTC) as we continue to mine on the BTC chain and use the high fees.

June 10 2018

Roger Ver and his "long term friend?" Joby "1040" Weeks having a no eye contact strained chat on You Tube. Weeks comes out with a bs story of losing $700,000 because of a slow Bitcoin transaction.
Roger looks at his feet and then
Roger asks Weeks why is it that the majority of BitClub’s hashrate goes towards Bitcoin Core, rather than BCH. Moreover, he also asked when does Weeks expect this to change.
Weeks didn’t really provide a specific answer, but instead went on to discuss operational hurdles in regards to the exploitation of BitClub’s equipment. According to him, back then, they had $50 million worth of equipment which hadn’t been plugged in. He also shared that they are expecting to create the world’s largest mining operation, harnessing over 300 megawatts of power.

Never trust a scammer, even one you're in partnership with.




Edit: I've just read GMaxwell's Reddit post, which predates mine. No plagiarism, honest.



 

7  Economy / Scam Accusations / PRIVATO BANK: ANOTHER "GLOBAL WEALTH FUND" CONSTRUCT on: December 05, 2019, 03:10:50 PM
The Global Wealth Fund has a self written history of being and creating the biggest, most private anonymous Banks in the whole World.
If you believe them, that is; I don't, hence my post here analysing their claims and their offshoots.
Firstly, there is The Global Wealth Fund itself: a truly Global enterprise according to them (and so anonymous and discreet that the whole of the rest of the Globe knows nothing about them)

Quote
The Global Wealth Fund is among the world’s elite private financial institutions. Imaginative & bold, we have financed many of history's innovations. Our portfolio includes investments spanning the globe in every major industry sector.

Then there are the previous creations of GWF....
Quote
UNA Bank is the world's largest private bank, serving more than 1,000,000 clients in nearly 200 countries. Founded in 1915, UNA Bank provides financial services to the world's financial elite including anonymous bank accounts, fixed investments, asset monetization, letters of credit, financial insurance and lending programs.

Quote
Digitas Bank is the world's largest anonymous bank. With representative offices in more than 20 countries, Digitas Bank offers its account holders complete financial anonymity, as it is a fully-licensed and insured Hedge Fund that is authorized to provide banking services to its clients.

Have a good look around the Web (as I have), speak to informed people in the offshore banking industry (as I have) and see what you find for these three huge players in Global Finance. A big fat zero.



The Global Wealth Fund's latest Libertarian's Dream with hundreds of millions available at the click of a mouse and no AML, no KYC.....and some truly awful Fiverr YT vids to explain the process (comments turned off). Roll Eyes
 
Quote
Founded in 2014, Privato Bank was the world's first anonymous full service bank.
Hmmm.....how did this purely web based bank do business between 2014 and 2/22/2019, the date that they created their (one year) website? Or should I say GWF created, as DNS = adfuturisaeculi.com?

What an attractive idea, anonymous banking....
Generous deposit/withdraw limits.... $100,000,000 a day, enough to tempt people called "El Chapo" as well as the Average Libertarian in the Street.


It just gets better

and better.
You even get our very own Templar Fund handling your savings...



Yes, Privato seems to have everything covered, even their own ATM network
Quote
We built Privato Bank to be a truly global operation. In this quest we have developed an ATM network in 80 countries so that we may serve anyone who desires to use modern banking services. Need an account in an area with little bank coverage? No problem. Traveling abroad and need cash? No problem. Want to make a deposit wherever you are? No problem. Privato Bank has you covered.
 
The only problem with that claim is that the link to their "own ATM network" resolves at https://coinatmradar.com/countries/, which is a list of all Bitcoin ATM's throughout the world.
I wonder what the top BTC ATM operators like Bitcoin DDepot and CoinCloud would say if they knew that they are actually part of a network that Privato built?

It's obviously a problem to get customer feedback if the main point of the service is anonymity, then all you're going to get is anonymous feedback. If you're going to use Privato for money laundering for example, you're hardly likely, after transferring $50m covertly with a single click of a mouse, to visit TrustPilot and leave a review in your real name, now are you? Sort of defeats the object.
But no, Trustpilot have 180 reviews for Privato, 168 of them 5 star and a proportion of those with "real" names....(not as large a proportion as the amount that have only left that one review tho).
There are the usual party poopers of course, the one star "this is a scam" reviews which Privato point out are obvious 'blackmailers'. Obviously.
But, just to get 100/100, now Privato actually have their own review system on their own website, with 692 out of 721 "Excellent" scores.
Read some, they're funny. That's what we like, impartial third party data. /s

Another tricky one, how does the biggest etc. anonymous bank in the world manage its social media?
Can you be anonymous on Facebook? lol...if you want to be anonymous financially, would you use Facebook anyway? Would you post on their page?
Well, Privato have 132 likes, but only manage 4 per post (most posts link back to their "reviews").
How about Twitter?
Maybe some of the Global Elite are more forthcoming there?
58 followers....nope.
One interesting thing is the "likes" they get on their spam tweets. Example:


Every like comes from another GWE construct (with equally moribund accounts). Ain't that something?

And finally, is there anything about where Privato Bank has any physical presence, any actual registered existence?
It used to be (back in the day, a few months ago, when Mastercard were supposed to provide their card, now it's Visa)


They changed the name, but stayed in the same Panama lawyer's data base as



So, I think Privato Bank is like all the other Global Wealth Fund constructs, just smoke and mirrors. Looking forward to a newbie shill onslaught  Grin


8  Economy / Scam Accusations / ARBISMART: MLM + fully automated "Arbitrage" blah = PAIN. on: December 01, 2019, 08:41:32 PM

Website: https://arbismart.com/

A classic sign of a Ponzi scheme has always been the sliding scale, higher investment = higher profit. Like this


Anything more I can say has already been said by Oz here

https://behindmlm.com/mlm-reviews/arbismart-review-rbis-ponzi-points-investment-fraud/#more-53029

9  Economy / Scam Accusations / The GLOBAL WEALTH FUND: AN EMPIRE of FAKES. on: November 30, 2019, 09:56:32 PM
 

Quote
The Global Wealth Fund is among the world’s elite private financial institutions. Imaginative & bold, we have financed many of history's innovations. Our portfolio includes investments spanning the globe in every major industry sector.
As the title says, the subject of this post is The Global Wealth Fund.
It claims all sorts on its website of adfuturisaeculi.com.(use the Wayback Machine to stay secure*)
Ad futuri saeculi means "The future world" in latin.
GWF claims offices in landmark buildings in cities across the world, the Shard in London, the Chrysler Building in New York and the Burj Khalifa in Dubai, as well as being a 'registered' Swiss corporation.
GWF claims to be a major player in all the esoteric disciplines of international hi finance; debt and bond issues, mergers and acquisitions, annuities, fund management, algorithmic HFT and the software development of trading platforms.



GWF claims a large interconnected group of crypto orientated brands, from an anonymous bank, investment bots to debit cards, to savings schemes and insurance companies.



And it's all bullshit, all faked. Just like their logo.




This has taken quite a bit of research and there's quite a bit to share, so I'll break this up into bits and reserve the next few posts, as I work thru the structure of interlinked schemes. (Sorry if it's a bit image heavy, but I've taken a lot of screenshots to save link chasing)
The one of those which started me looking at the GWF when it posted on this very forum is the TEMPLAR FUND, which has two threads, here and here.


and claims, among other things, to be



I asked them about it..
I see that on your website it says that you are
Quote from: templar.fund
A MEMBER OF
The Global Wealth Fund
What does that actually mean?
I ask because they seem to be a very big player globally, if their website is anything to go by.
<edit>
We have financed many of history's innovations...wow, that's quite a claim. As a member, would you know of any examples?
It means that we are owned by the GWF.
<edit>
We would recommend you to contact the GWF directly, as we are not permitted to speak on their behalf: legal@adfuturisaeculi.com
Which seemed a strange response when they have a dedicated PR Office, according to him.



Enter the "Shard", (32 London Bridge St.) the first of GWF's iconic building addresses.
The Global Wealth Fund are not listed as a stand alone tenant at the Shard. On levels 24/25 one can find The Office Group. They advertise
Quote
Business address and mail handling
PRICE PER MONTH from £50
A UK business address for you and your mail. We can either hold your mail for you to collect, or forward it on to wherever you are.
More of the Shard later, including another GWF company claiming an office on Level 32 (which is only restaurant space. But then yet another GWF company has an address in the Burj Khalifa restaurant....)

What else about GWE/adfuturisaeculi?
A one year old, virtually unvisited website, #6,457,213 on Alexa... not good for credibility as one of the world’s elite private financial institutions.
Oh, and they find it difficult to remember what they've said.
Quote
the Global Wealth Fund AG, a registered financial corporation of Switzerland.
Quote
The Global Wealth Fund LLP, 31st Floor Ave Samuel Lewis & Calle 55. Panama City, Panama.  

*currently showing security warnings, so be careful. Incoming /sarc... It's quite common for global financial institutions to forget to renew their Security Certificates.



I'll come back to the THE WORLD'S LEADING BTC FUND later. Where did they get their Magic Money Making Machine?

This is a rough schematic of GWF's structure:

As I go thru the list, the same names, addresses and shell companies will come up time and again, supported by fake reviews, profiles, cross references and other total inventions.
But now, it's time for a swim....  Wink


10  Other / Politics & Society / PURE CRONYISM: .ORG Registry value pillaged by ICANN ex-CEO on: November 23, 2019, 04:39:55 PM

https://www.theregister.co.uk/2019/11/20/org_registry_sale_shambles/

Tl,dr:

Quote
The suffix “org” on an internet address – and there are over 10 million of them – has become synonymous with non-profit organizations.

At the end of June this year, in a controversial decision made despite significant and vocal opposition, ICANN decided to lift price caps on .org domains for the next 10 years, paving the way for unlimited price increases on the 10 million .org domain names. That decision massively increased the value of the .org registry from millions to potentially billions of dollars.

 ICANN gave no explanation for moving ahead with the decision to lift caps despite the public opposition. It also carried out no economic analysis of the change, despite being aware that it could be worth billions of dollars.

At the end of last week, the Internet Society (ISOC) announced that it has sold the rights to the .org registry for an undisclosed sum to a private equity company called Ethos Capital.

Despite ISOC calling the purchaser Ethos Capital “a strong strategic partner that understands the intricacies of the domain industry,” no one in the internet industry had ever heard of the company when the sale was announced. Which wasn’t a surprise since it was established a few months earlier.

Former ICANN CEO Fadi Chehade personally registered the domain name currently used by Ethos Capital in May and it was registered as a limited company in the US state of Delaware on May 14. That date is significant because it is one day after ICANN indicated it was planning to approve the lifting of price caps through its public comment summary.

Fadi Chehade is almost certainly closely connected to the deal, and so is his long-term business associate Akram Atallah. Atallah worked for Chehade at his former company before becoming COO of ICANN in 2010. When the at-the-time CEO of ICANN left in 2012, Atallah became interim CEO and recommended his friend Chehade for the chief executive role. Chehade became ICANN’s CEO from 2012 to 2016. When Chehade left, Atallah again took over CEO duties until a new CEO was chosen.

With weeks of leaving ICANN, Chehade joined private equity firm Abry Partners where the managing partner was Eric Brooks. Brooks left Abry Partners earlier this year after 20 years with the company to become the founder and CEO of Ethos Capital.

And the "Fuck You, we do what we want because we can" final insult

Quote from: Crony PR
“We believe many in the community see the long-term benefits of this deal. It will promote long-term financial security and more diversified funding for years to come to support the Internet Society’s vision that the Internet is for everyone; and PIR will be able to expand its mission to engage in purposeful work to advance important issues and further strengthen its commitment to the .org community.”





11  Bitcoin / Bitcoin Discussion / MOVED: EXCHANGE LIQUIDITY: According to CMC's new metric, there ain't much. on: November 17, 2019, 12:09:34 AM
This topic has been moved to Trading Discussion.

https://bitcointalk.org/index.php?topic=5202098
12  Economy / Exchanges / EXCHANGE LIQUIDITY: According to CMC's new metric, there ain't much. on: November 16, 2019, 11:36:07 PM
Like a lot of people, I've long been frustrated by the obviously fantastical volume figures reported by crypto exchanges and passed on by the aggregator sites like CoinMarketCap.
There are many reasons why these incredibly exaggerated figures are harmful to the crypto environment, not least that of general credibility.
Wash trading has become the norm, listing fees are based on lies and investors/traders are deceived into using "bucket shops" with all the risks involved in that.
So, for me anyway, it was high time CMC as market leader got their act together and provided more than the reported/adjusted volume stopgap.
And they seem to have done it, in the shape of the recently deployed Liquidity Metric.

Quote
In the past year, with increasing volume inflation, the volume metric started to lose its purpose as a reliable way to gauge real trading interest. Other solutions, such as handpicking only a few “trusted” exchanges or using unrelated metrics like web traffic, were non-comprehensive and did not address the root cause of the issue.

Our new metric will focus on what matters most to investors and traders: liquidity. With our Liquidity metric, we hope to provide public good to the crypto markets by encouraging the provision of liquidity instead of the inflation of volumes.

With this metric, our users will be able to find the most liquid market for more than 3000 cryptoassets, so that they can trade even more efficiently, with the least slippage.

I find this particularly encouraging

Quote
The Liquidity metric by CoinMarketCap is designed to eventually replace volume as the default metric when ranking market pairs and exchanges.

The top exchanges by liquidity now look like this



and some back of the envelop math totals the liquidity of the top 50 Exchanges ~$342m today.(outside the top 53 exchanges, I have more liquidity in my back pocket).

My question for you is: How does that sound in relation to a total market cap of ~$234bn and a 24hr volume of ~$58bn?
What inferences, if any, can be drawn regarding the large differences in liquidity/volume ratios in exchanges listed that image above?
And, of course, how can it be gamed?



Self moderated for sig spam deletion.
13  Economy / Scam Accusations / BINANCE INDEPENDENCE DAY GIVEAWAY on TWITTER: SCAM. on: July 04, 2019, 08:10:14 PM
Obvious nonsense, but that doesn't seem to stop people....
DO NOT VISIT THE .net LINK.



Ironically, I came across it on Scammer McAfee's feed (just for the lulz) where he's promoting the KaratBars scam.....
14  Economy / Scam Accusations / DencoinInvest, CoinLenda and Alison Wayne, Telegram scams and scammer. on: May 27, 2019, 05:33:31 PM
I wasn't actually looking for these, I was looking for the Nigerian Dencoin and their Diamond Empire Network (D.E.N.) MLM shitcoin with reference to this, but found a couple of very obvious Telegram scams which I thought I'd get shared.
Telegram is a Den of iniquity, you might say....

DenCoinInvest

Quote from: Their pinned TG post
DenCoinInvest is a privately owned non-ponzi company operating on the Bitcoin(BTC), Ethereum(ETH), and Litecoin(LTC) trade market. Founded in 2015 and managed over $950million for institutional investors which is now open to worldwide individual investors.
These funds are managed by a team of Binary Trading investment experts. Given the advancement in technology it has become extremely difficult to profit from mispricing in the market. Many traders have computerized trading systems set to monitor fluctuations in similar financial instruments.
Any inefficient pricing setups are usually acted upon quickly and the opportunity is often eliminated in a matter of seconds.

Laughably generic, I love the "non-ponzi" description.
But that's exactly what it is, a ponzi.
For exactly how obvious a ponzi it is, waste two minutes of your life and watch this truly awful video or this even worse one and see their typically ponzi "investment plan" structure.
That TG vid should really win a prize of some sort.
The star of the show is admin Alison Wayne who claims on her Quora account to have been
1) "Investment Manager" since 2008.
2) a cryptocurrency investor and trader for the past 6 years.
3) Crytpo Full-time, 12years in crypto isn't a joke! (From her shutdown Twitter account)
She also uses Medium to propagate the fantasies, further claiming

DenCoinInvest is a conglomerate of seasoned professional binary traders, cryptocurrency traders, forex/cryptocurrency market analysts, insurance brokers and risk evaluators.
This is why at DenCoinInvest, we've made it our job to help investors get the most gains out of their investments using an array of new technologies to our advantage. With our set-up of BOT-assisted trades, we're able to get investors more than they deserve with pinpoint accuracy. With our methods, we've recorded about 99.3% success till date and we intend pushing till we make it 100% which we believe is achievable.
Sure.

Alison also shills a lending platform called
CoinLenda
which charges 9% upfront fees for crypto loans....

Quote from: TG
CoinLenda is a baby of Dencoininvest

Despite the badly put together attempts at creating some history for these scams, they're barely weeks old and not likely to get much older.
Here's Alison in her full glory.
If you see her in the street and you have a milkshake in your hand, it would be a shame not to...









15  Economy / Scam Accusations / Cloud Token: a Ponzi with MLM attached. on: May 20, 2019, 12:03:23 PM
Very simply as the thread title says, Cloud Token has no verifiable revenue generation, relying solely on new investors money to pay out
Quote
10% to 15% monthly
thus being
Quote
an automated money making machine
aka a Ponzi pretending to use miracle arbitraging software, with affiliate recruitment thru the deep MLM structure being the lucrative angle.

Quite a straightforwardly obvious scam so I'm not going to waste my posting time or your reading time elaborating on it further here.
Read this for further information, paying particular attention to the third comment.

Quote
I can safely say that the Cloud Token “wallet” has no capability of being a crypto wallet in of itself at all.
All they did was make a mobile interface using Java, with no actual cryptographic functions at all. It is simple an interface to create an online account on Cloud Token’s private servers. Meaning, it’s just someone else’s wallet.
16  Other / Meta / A BUMPING SERVICE EXAMPLE: How long are we going to look the other way? on: March 26, 2019, 05:01:53 PM
I came across a dubious "Crypto Bank" type scheme by the name of ATRONOCOM in the [ANN] section the other day.
Nothing unusual in that you may say, it's full of scams. Very true, but there's another aspect which I believe is very damaging to the integrity of this forum, the existence of so called "bumping services" which enable and promote them.
Apart from the essentially fraudulent basis on which they operate, i.e. posing as legitimate forum members and creating the illusion of genuine interest in schemes which are seeking $millions in investment, they also involve large numbers of sock puppet accounts registered solely for this purpose by account farmers.
This particular ring advertise openly here

Hello . Our advertising agency will help attract investors and popularize your ICO.

At the moment, the most effective and inexpensive services for advertising and promoting your ICO are:

1) TELEGRAM
- Our team will invite in your telegram a chat of real users from any chat of a successful ICO project of your choice, these people are potential investors
-  Creating the appearance of activity in your group
We use more than 500 accounts, with a variety of nicknames and names, we write without pauses 24/7, we create thematic dialogues with administrators, other participants of the group and among themselves
- We will execute the mailing of private messages in telegrams to potential investors

2) BITCOINTALK FORUM
- In our location more than 50 accounts of different ranks, through which we will conduct a simulation of social activity
-With this service your topic on the forum will be on first page 24/7 also you will receive 100+ comments and 1000+ unique views daily.


3) EMAILING
- We will send an email newsletter with information about your project  to more than 800.0000 potential investors
- Sending messages on your database

4) START AND CAMPAIGNS IN FACEBOOK / ADWORDS
- Today, advertising is prohibited, but we have the knowledge that helps us get around these bans.

5) Attraction of Investment Funds
-We have addresses of investment funds (more than 500), they invest money in a promising ICO. If one of the funds gets interested in you, you will no longer have to deal with advertising in general. They will invest a lot of money in your ICO.

6) Administration of all social networks and BTT Threads

We create an investment offer and send it to the funds with the next communication with representatives of Funds, agreements on meetings and so on up to investing.

All of the above mentioned types of promotion  you can order at the best price in the market in our advertising service CriptoTrafficMarket

Thank  for taking the time to read

Best Regards, CTM Team


These accounts have posted in the ATRONOCOM thread: they have either been re-activated specifically for this purpose or newly registered.

Gonnelixo
dualeyes
MaelshormOne
ILTVSasha
PackisAwesome
BilliMiligan12
HauseWork
Peteer Brooks
Millenium3X
JackHammer53
bgterek
slaiderek
vova1548
nefedova
unrommsu832
JenniferArmstrong4


This is just one small, easy to find example where the bumping service forum account has also been used to open a thread in which the puppet accounts are employed.
There are many long running echo chamber threads, sustained solely by endless pseudo conversations, a couple of examples here and here, between them accounting for thousand upon thousand of bogus posts.
Mods do what they do, deleting individual posts when reported, but imo at some point in time this huge abuse must be addressed at policy (Theymos) level, or whatever cred the forum has as a source of reliable information will be compromised.


17  Other / Meta / How to find all accounts registered on a specific date? on: February 03, 2019, 02:50:40 AM

I'm looking at a large ring of bump service shitposting accounts, registered on November 21st 2017.
Where/how can I find a summary of all accounts registered on that date (or any other specific date)?
Thanks.
18  Bitcoin / Bitcoin Discussion / The Crypto Lawyer on: January 19, 2019, 09:35:55 PM

I was reading this on the subject of Blockchain Terminal, CG Blockchain and their ICO.
I became interested in the role of Edith Pardo, an executive at California-based public relations firm Estey-Hoover. She signed off their Form D.
A bit of googling led me to this

“It appears, according to the plaintiff, that Ms Pardo was involved in raising funds.
If that’s true, Ms Pardo has a lot of explaining to do. This litigation is exactly what should be expected given the press BCT received. And a lot of plaintiffs claim they have lost money in ICOs where management overpromised and underdelivered. So it will be interesting to see how this plays out as a precedent.”

It was attributed to "David Silver, a crypto-related lawyer."
More searching showed him to be an interesting character, albeit an American lawyer.
Quote
“At the end of day, I consider myself an investment fraud lawyer. I don’t care how people lose money—crypto happens to be the crime du jour. It’s not that complicated; I just say stop stealing money,”

He certainly seems to have his hands full. Growth business.

https://www.silvermillerlaw.com/practice-areas/digital-investments-cryptocurrency/
https://www.prnewswire.com/news-releases/silver-miller-files-lawsuit-against-jeremy-spence-for-coin-signals-cryptocurrency-fund-fraud-300770884.html




19  Economy / Scam Accusations / ADDISON CHURCHILL "new exchange, best at everything"?? on: January 18, 2019, 02:34:35 PM
I became aware of this scheme as it is being spammed on the forum by a succession of newbie accounts in the following threads.
Apart from the occasional real comment, most reactions are from related newbie accounts.
These are the threads:
https://bitcointalk.org/index.php?topic=5098275.0
https://bitcointalk.org/index.php?topic=5099096.0
https://bitcointalk.org/index.php?topic=5098628.0
https://bitcointalk.org/index.php?topic=5098644.0
https://bitcointalk.org/index.php?topic=5098297.0
https://bitcointalk.org/index.php?topic=5098622.0

These are the accounts:
https://bitcointalk.org/index.php?action=profile;u=1156351
https://bitcointalk.org/index.php?action=profile;u=1158024
https://bitcointalk.org/index.php?action=profile;u=1157683
https://bitcointalk.org/index.php?action=profile;u=1157993
https://bitcointalk.org/index.php?action=profile;u=1157072
https://bitcointalk.org/index.php?action=profile;u=1157639
https://bitcointalk.org/index.php?action=profile;u=1157628
https://bitcointalk.org/index.php?action=profile;u=1157702
https://bitcointalk.org/index.php?action=profile;u=1157755

Ongoing edits to include more sock puppets as they appear.


They are all farmed accounts registered on 16/17 September 2017. Those which were earlier activated seemed to have been used for the same topic, a bumping/shilling/PR scheme  


Not really a good start for a site with such lofty goals as these:

Quote from: wesite
Our mission is to provide traders and crypto enthusiast a safe, reliable, best of breed trading experience and a global community. We are committed to growing the crypto revolution and providing new opportunities for people all over the globe to make money enriching their passion.

Yeah, ok.
Other "features" include:
A three tier MLM "Ambassador" referral scheme with a calculator promising $1000's a month (passive) income
No team, no history
a Nassau P.O.box address
Headline retweeting Twitter account
A 2 followers FB account
Same name as an FX business listed on Linkedin as run by a Keith Sazer in the NYC area, est. 2013. Little coverage info since 2014 or previous crypto involvement. Further research ongoing.
Alexa traffic estimate is 100% from Nigeria.

No reason for 20pt RED CAPS SCAM rating at the moment, but if it looks like a duck, associates with other ducks and quacks like one, then a sensible stance is not to indulge in $100million deals with it as suggested by their Fivvver video, without full due diligence..  


20  Economy / Scam Accusations / "THE MANHATTAN BLOCKCHAIN FUND"..sounds impressive, doesn't exist. on: November 04, 2018, 04:42:05 PM

Forgive me for a sloppy and unformatted post, but I would just like to get this fantasy VC associated name into search as being part of the NELUNS (supposed $136m) ICO scam.

To be edited further.

Further reading :

https://bitcointalk.org/index.php?topic=5063134.0

https://bitcointalk.org/index.php?topic=4694028.msg47576308#msg47576308

https://www.coinspeaker.com/the-manhattan-blockchain-fund-became-an-anchor-investor-of-the-neluns/

https://ttrcoin.com/threads/neluns-io-scam.2796/#20

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