The ICO is about to end in around 12 hours and we are more than ever convinced that this is a scam.

Did they ever respond to any accusations? No!

Did they ever deliver anything other they promised, like the interviews with the founders? No!

But do they have a track of doing shady businesses? Yes!

You can find my full update on reddit.

If you have invested in this and would like to help us to get a better understanding of where the money is going, feel free to message me.

Thank you for keeping an eye on this. I was just on an extended weekend trip and missed all the fun here. But I am sure that more will come as soon as I start posting again.

Just to give a short update on the "partner institutions"

Dubna University - Never heared of Socratescoin or the Nauka University
Lomonosov Moscow State University - Socra who and Nauka what?
University of Brasilia (you should have at least written the name right but we already know that you´re to lazy/incompetent to do so) - From what my friend told me they don´t know anything about this and he wasn´t the first who asked...
World University Consortium - No answer yet
ISMEC - International Sport Medicine Center - It is not a medicine center it is a clinic that in Sevilla that probably Alfred once went to after he rolled his ankle while playing tennis. I didn´t even contact them.
World Organisation of Systems and Cybernetics (WOSC) - They don´t even have a contact address but they are not a reputable ressource anyways so I didn´t try to reach out to them.
International Association of Dual Remote Education project (MADDO) - The logo indicates (маддо) that they are base in Russia but there is nothing to be found about them.

It turns out that hight members of the Socratescoin team are involved in various other scams or similar. I got a reoutable intel from people more close to them than they would have ever thought. I will reveal more about that at a later point in time because there is still so much to look into.

@John: Can you dm me please?

@John that is a very good list. At this point I have nothing to add to that. My #10 would be maybe that they (Gini) want people to buy BTC and then promote Coinbase and not even GDAX. Come on, just 5 mins on Google and even she would have known it better. Sheer incompetence.

They just released an interview with Alfred Hasselbacher on their facebook page. I am 99.9% sure that is from back then when they had their launch. What was the most interesting to me was that Alfred said that his vision for the university is an individual learning experience. They want to recreate those historical pleaces where you should study then and this should help you with memorizing what you have learned. In which way is that individual when everybody can book the same "experience"? To me that was just another sign that they have no idea at all. And on a personal note: Should I really trust someone who wants to pitch me something but can´t even take off his sunglasses?

Because I have been asked that a few times already I want to point something out:

This project in full is screaming scam as loud as possible. Until now we don´t know how much of it is a scam. There are many red flags but they are still on their wide spread roadmap and of course it will become interesting after the ICO. If you invest in this right now you will buy one Socratescoin for $1.11. If you don´t plan to spend it at the Nauka university your only options are hodling or selling it once it´s up for trade. The value of the socratescoins you own then depends a bit on the market itself but mostly on the university. I don´t want to question to fact if there will ever be a university but if the university will not be a big hit it is very unliky that the coin will gain some substantion value. A good example for this is the PiplCoin. According to the whitepaper it was sold for $1.00 during the ICO but when it was up for trading the actual value was $0.02, which went up to 11 cents then slowly declined and since Dec `17 it is around 2 cents again. Even if you would have sold your coins at the best moment  you would have still lost 90% of your investment due to promises that were never kept.

Yes, you are right! While I was scrolling through the website on Saturday I noticed it too.

Good point. I actually have a guy from Brasil and one Russian speaking guy in my group. I'll ask them to contact the universities tomorrow.

Have you seen that Manuel Batista has responded on Reddit? I replied but don't expect to get another response from him.

Authorities are more and more interested in this but as long as there is no real damage done the only illegal activity is that they are not saying who or which company is in possession of the money that is invested. I am in contact with a few people that have invested in the ICO and feel more and more that they are being scammed.

@John: I´m not 100% again but I did a quick dive in all that I have saved under the name of Alfred Hassebacher. First I have to clarify that my memory was a little mixed up. It was sydex.net which made me find Alfred Hasselbacher`s connection to the Turin Trading International GmbH registered in Wien, Austria. There is at least one more or less known person with that name in Austria but according to Linkedin there is also one in Slowakia. I´ve to look into that tomorrow.

Furthermore I have found by accident that Mauel Batista already registered domains like socratescoin.club on Nov. 02 2017. Which didn´t stop him from registering autofloweringcoin.com and erbacoin.com later that month. His list of more than 120 registered domains shows to me that he is deperate to make some quick money online...

I think we should start a wiki or something to gather all our information.

I will check back tomorrow with the authorities who are looking into this because like John said we can´t let the just move to the next project/scam again.

Good find 👍 I didn't really look into him yet as I thought that he must have been more like a bystander. But both the screen protectors and the dietary pills show huge similarities to "projects" that Alfred Hasselbacher has been involved in. I have the influenza and can barely look at may screen for longer than five minutes. Maybe you can have a look of there is a connection between them. If I remember correctly Alfred Hasselbacher's name is also shown in connection with a company registered in Austria somewhat in 2016. Spandex or so.

And by the way. They just announced on Twitter that the website for Nauka World is finally up and running. It's a single page with a contact form... For good reasons I'm not going to show you the picture they posted on Twitter but I want to share the biggest joke I've found on that website: "Socratescoin has acquired patent and intellectual property rights of a unique portfolio of science originally developed by the International Space Station Russian Module"

Thank you very much! I still have no clue what I have done yesterday. Donation has been sent.

I have the influenza and to be honest I don´t know what I did when I made that transaction. Just woke up from a nap to see that it has no confirmation yet. Can you please help me out?

TXID: e74615e3100067d46c196ec1388a268f96ae8cf9441dd1412abb3ad51be1cad3

I haven´t collected enough data on this yet as I initially though that it would be a fixed number. Throughout the last days, just by looking at the numbers, I became very certain than the raised amount must be based on a mathematical formula updated every day.

Furthermore a few of them have attened these "how to become rich conferences" in the last year where everybody afterwards sets up their own landingpage on their way of how to become rich pretty fast. Kinda like a MLM but a little different, I think. Manuel Batista was at one of these conferences in Costa Rica last year in September. I guess that´s where hes has made the first contacts to the people included in this scam but unfortunately I haven´t found any connections yet.

Thank you JohnGN for stepping up against them and trying to gain further information!

For those who don´t know me, I am the one who made the post on reddit to which their CMO Virginia Salas Kastilio also know as Ginicanbreathe responded but failed to answer any questoins. I am in contact with friends who first wanted to invest in their project (for obvious reasons they don´t want to anymore) and a couple of people who have contacted me on reddit.

What they are doing here and there is basically psychology in sales for beginners. Don´t talk about what´s bad, better bring up something new. If there is a lack of proof for your facts try blame the opposing party that there is no proof for their accusations. Forward important questions to other people until the customer has forgotten what is acual question was. And so on.

There are major questions that are and probably will stay unanswered. Besides the fact that they fail to proof the existence of the $8M+ they still fail to provide an actually registered company and a legal address. Furthermore it was seen on social media around two weeks ago they they have bought multiple VR googles (most likely these where you have to put your phone in) to "see what the future of learning looks like". My wild guess is that they have used them to watch rollercoaster videos on YouTube because otherwise they would habe been able to show us at least an alpha of their university.

Authorities are currently looking into this and try to determine which country´s authrities are in charge to start furhter investigations since this project has no legal address. At this point it might be the only thing they have done right.