WARNING: Apollo Coin also a Security








"The other 50% of the gold bullion will go into backing APL"...nice- it just became a security.

WTF? The Phantom LOL. What are you smoking?...wait...you must be a child?...the phantom...please...that was a rhetorical question, don't answer as you have said enough.

Your personal opinion is wrong, I'm not paid by anyone, I do this purely to stop SCAMS because sometimes people fall for such.

Feel free to argue any point I have posted, but do so with fact.



Steve is a liar and Apollo Fintech is a scam.

Steve is the President of the The United Allied States LOL (fake country)









More from Apollo Fintech: “…physical bills cost a large portion of a country's G.D.P. to develop and maintain. The use of digital currency will save the government millions on printing money. The U.A.S. is committed to directing these funds to improve the lives of its citizens and offer true freedom. It's clear that this new government has learned from the mistakes of previous leaderships and is ready to rectify matters…A currency that continuously gets backing from a precious metal like gold is bound to have a high value…The agreement is for Fintech to develop a gold-backed digital currency for the country…”

https://cryptodaily.co.uk/2020/08/uas-government-with-the-first


Have you really learned from your mistakes, or another lie?





Here, Steve talks about issuing a printed fiat currency. A quick change of mind on saving millions of dollars on printed money…oh and there is real 24K gold in it!!!! This is to “install confidence”…scam… by using gold as a lure with the African nation to buy shit. How do I know its shit, well Steve said so.

As Steve has already said, “These are gold backed bills that are literally made with 24K gold. They will be redeemable locally for pure gold or USD equivalent”…

So Steve, is it a waste of money (costing millions) printing fiat, or not? Because you just did the opposite to what you said. You printed fiat.

Then you “sell” the premise of these notes having 24K gold in them that are redeemable for gold or USD equivalent. This is trying to make it look like there is inherent value in it, there is not.

Read on for your own words Steve….

“… (notes) they are connected via the blockchain to each coin on the blockchain and when you want to convert the physical bill to a local digital asset you just scratch the bill and reveal the blockchain code”. Steve McCullah

Oh, ok… this concept isn’t new, but hang on a second Steve…

So the gold in the note magically moves into the blockchain right? The same notes redeemable for gold or USD equivalent? LOL The same notes you made costing millions of dollars and spent more money adding gold to it and then you added a “scratchy” costing more.  

The gold was suppose to add value…LOL…Are you are suppose scratch it off? LOL


A member of Apollo’s telegram did ask the question:





and Steve’s reply:





Ahhhh…in your words Steve McCullah “Gold value of the actual bill is only fractional. More to instill confidence in Africa and other places”…

I guess the gold in the bill is only a ruse to scam people into believing there is value, hoping they are going to use it. Your words Steven, “these are gold backed bills that are literally made with 24K gold. They will be redeemable for pure gold or USD equivalent…(the) Gold value of the actual bill is only fractional…to instill confidence in Africa and other places”. Guess the notes are worthless since there is minimal gold.

Doesn’t make sense does it. It costs so much money to print money, add 24k gold and then turn it into a “scratchy” just to have the note made useless once it is “scratched”. The 24K gold thing was just to convince poorer countries to use this new scam technology.

Got it, Steve McCullah is a scammer.

Steve is the President of the The United Allied States LOL (fake country)









More from Apollo Fintech: “…physical bills cost a large portion of a country's G.D.P. to develop and maintain. The use of digital currency will save the government millions on printing money. The U.A.S. is committed to directing these funds to improve the lives of its citizens and offer true freedom. It's clear that this new government has learned from the mistakes of previous leaderships and is ready to rectify matters…A currency that continuously gets backing from a precious metal like gold is bound to have a high value…The agreement is for Fintech to develop a gold-backed digital currency for the country…”

https://cryptodaily.co.uk/2020/08/uas-government-with-the-first


Have you really learned from your mistakes, or another lie?





Here, Steve talks about issuing a printed fiat currency. A quick change of mind on saving millions of dollars on printed money…oh and there is real 24K gold in it!!!! This is to “install confidence”…scam… by using gold as a lure with the African nation to buy shit. How do I know its shit, well Steve said so.

As Steve has already said, “These are gold backed bills that are literally made with 24K gold. They will be redeemable locally for pure gold or USD equivalent”…

So Steve, is it a waste of money (costing millions) printing fiat, or not? Because you just did the opposite to what you said. You printed fiat.

Then you “sell” the premise of these notes having 24K gold in them that are redeemable for gold or USD equivalent. This is trying to make it look like there is inherent value in it, there is not.

Read on for your own words Steve….

“… (notes) they are connected via the blockchain to each coin on the blockchain and when you want to convert the physical bill to a local digital asset you just scratch the bill and reveal the blockchain code”. Steve McCullah

Oh, ok… this concept isn’t new, but hang on a second Steve…

So the gold in the note magically moves into the blockchain right? The same notes redeemable for gold or USD equivalent? LOL The same notes you made costing millions of dollars and spent more money adding gold to it and then you added a “scratchy” costing more.  

The gold was suppose to add value…LOL…Are you are suppose scratch it off? LOL


A member of Apollo’s telegram did ask the question:





and Steve’s reply:





Ahhhh…in your words Steve McCullah “Gold value of the actual bill is only fractional. More to instill confidence in Africa and other places”…

I guess the gold in the bill is only a ruse to scam people into believing there is value, hoping they are going to use it. Your words Steven, “these are gold backed bills that are literally made with 24K gold. They will be redeemable for pure gold or USD equivalent…(the) Gold value of the actual bill is only fractional…to instill confidence in Africa and other places”. Guess the notes are worthless since there is minimal gold.

Doesn’t make sense does it. It costs so much money to print money, add 24k gold and then turn it into a “scratchy” just to have the note made useless once it is “scratched”. The 24K gold thing was just to convince poorer countries to use this new scam technology.

Got it, Steve McCullah is a scammer.

Steve McCullah being his normal contradictory self, saying one thing, then the opposite. To add to this, he then tells another lie.

Apollo Fintech claims GSX returns of 200%-500% in 2021! <-------- Isn't that illegal for you to offer your investment advice with your own company Steve? Not to mention only scams promote these returns. People bought GSX after reading your shit.






Steve attempts to clear things up:  Can a US citizen buy GSX?:





and then he says....






Is that clear for everyone? LOL Steve is on fire being a LIAR, I expect nothing less.

Steve says there are no refunds if you are a US citizen or not. But if you do buy GSX and are a US citizen there is nothing to worry about- trust Steve, he would never take someones money and not give then what they paid for. He is willing to break the law.

Ummm Steve, so you are happy to help someone break the law. Good on you, no responsibility. Then you take it a step further by stating  "all I can say is that it is not 'illegal' to buy from anywhere".. SORRY TO POP YOUR BUBBLE but YES it is.

You are not a registered security in the US so worse case scenario is a fine or jail time. However according to you "in the worse case if we determine that you were going against the terms and conditions then we would give you a refund. You would never lose your money".

Steve you just lied. Why would you say that? You just said there are no refunds regardless if you are a US citizen. Oh, I know why you contradict everything. Clear as mud?

You are a BIG FAT LIAR.

Steve McCullah being his normal contradictory self, saying one thing, then the opposite. To add to this, he then tells another lie.

Apollo Fintech claims GSX returns of 200%-500% in 2021! <-------- Isn't that illegal for you to offer your investment advice with your own company Steve? Not to mention only scams promote these returns. People bought GSX after reading your shit.






Steve attempts to clear things up:  Can a US citizen buy GSX?:





and then he says....






Is that clear for everyone? LOL Steve is on fire being a LIAR, I expect nothing less.

Steve says there are no refunds if you are a US citizen or not. But if you do buy GSX and are a US citizen there is nothing to worry about- trust Steve, he would never take someones money and not give then what they paid for. He is willing to break the law.

Ummm Steve, so you are happy to help someone break the law. Good on you, no responsibility. Then you take it a step further by stating  "all I can say is that it is not 'illegal' to buy from anywhere".. SORRY TO POP YOUR BUBBLE but YES it is.

You are not a registered security in the US so worse case scenario is a fine or jail time. However according to you "in the worse case if we determine that you were going against the terms and conditions then we would give you a refund. You would never lose your money".

Steve you just lied. Why would you say that? You just said there are no refunds regardless if you are a US citizen. Oh, I know why you contradict everything. Clear as mud?

You are a BIG FAT LIAR.

Steves McCullah Dad is definitely in on the scam


Robert Leroy McCullah  - GSX Business Trust

"GSX offers the asset backing (currently estimated $3.2 billion USD)" <-------- SCAM

Steves McCullah Dad is definitely in on the scam


Robert Leroy McCullah  - GSX Business Trust

"GSX offers the asset backing (currently estimated $3.2 billion USD)" <-------- SCAM

Lesotho Officials not heard from Apollo


A view that is held by one prominent African blockchain entrepreneur and educator who gave his opinion of about ‘shady’ Apollo’s MoU with Lesotho. The expert, who prefers to remain anonymous, says Apollo has not done anything concrete since announcing the MoU with the government of Lesotho in late 2019.

He tells us that Lesotho officials have reportedly not heard from Apollo and consequently, they are now wary of (and less hospitable to) individuals approaching government with proposals that involve or concern the blockchain.

The blockchain educator says he has encountered challenges as he attempted to start his blockchain education initiative in that country. He now blames Apollo’s no show following the MoU for helping to create a negative outlook of the blockchain space in Lesotho.




https://iharare.com/apollos-mccullah-pushes-back-against-scam-allegations/

Lesotho Officials not heard from Apollo


A view that is held by one prominent African blockchain entrepreneur and educator who gave his opinion of about ‘shady’ Apollo’s MoU with Lesotho. The expert, who prefers to remain anonymous, says Apollo has not done anything concrete since announcing the MoU with the government of Lesotho in late 2019.

He tells us that Lesotho officials have reportedly not heard from Apollo and consequently, they are now wary of (and less hospitable to) individuals approaching government with proposals that involve or concern the blockchain.

The blockchain educator says he has encountered challenges as he attempted to start his blockchain education initiative in that country. He now blames Apollo’s no show following the MoU for helping to create a negative outlook of the blockchain space in Lesotho.




https://iharare.com/apollos-mccullah-pushes-back-against-scam-allegations/

You nailed it SAFEXSCAM, spot on!


UAS is now charging $3500-$6000 to process applications to join United Allied States. This is a SCAM.

You nailed it SAFEXSCAM, spot on!


UAS is now charging $3500-$6000 to process applications to join United Allied States. This is a SCAM.

Apollo’s incursion into Zimbabwe


Apollo Fintech is expected to help launch a resource backed cryptocurrency for Zimbabwe, a country plagued with fiat currency troubles.

According to Apollo Fintech’s various twitter handles, it had entered into an agreement with Zimbabwe’s largest financial services group, CBZ Holdings to develop and implement 3 of the tech firm’s national solutions for the southern African country.

According to Apollo Currency’s twitter feed, Zimbabwe’s CBZ had signed a memorandum of understanding (MOU) with Apollo Fintech.

Premature celebrations?

The news immediately generated excitement within Zimbabwe’s small but vibrant crypto community while the value of APL—the fintech company’s crypto token— also reacted to the news by rising by approximately 20% following the ‘breaking news’.

Interestingly however, CBZ is has not formally acknowledged this and efforts to get a comment from the company’s officials have so far yielded little almost three weeks later (at the time of writing.)

Furthermore, as the news began filtering through, the rumours at CBZ suggested Apollo’s Steve McCullah might have jumped the gun.

A key individual within CBZ Holdings could neither confirm nor deny if indeed an MOU had been signed while another official only commended alert journalists for bringing this (Apollo’s announcement) to the company’s attention and that the group would take things from there. Both individuals refused to be identified at this moment in time.

This lack of clarity about this potentially game changing solution has some crypto enthusiasts worried and matters are not being helped by Apollo’s past reputation.

Allegations of pump and dump

In the past, Apollo Fintech has had to bat away numerous accusations that it is running a crypto scam. Steve McCullah, Apollo’s co-founder has been accused of operating a pump and dump crypto scheme on the African continent.

In general, pump and dump is illegal in countries like the United States and in many other regulated markets. However, since the cryptocurrency market remains largely unregulated, it means this practice can go unpunished. Critics argue that McCullah might be targeting Africa deliberately because he is aware that just a handful of few countries there have the means to expose him.

Furthermore, opponents also cite the botched expedition into the DRC as one episode that exposes McCullah as a con artist.

In Zimbabwe, critics have questioned the approach used by Apollo where McCullah makes big announcements via twitter while nothing is officially announced by the Zimbabwean side. This approach seems to contrary to the usual way of doing things in Harare.

It is almost a Zimbabwean custom, in both the public and private sector, to use lavish and elaborate ceremonies when announcing MOUs or major milestones. In fact, anything that comes with positive media coverage is never delegated to a faceless social media point person.

Furthermore, announcing everything on Twitter is never taken seriously especially when nothing is seen happening ultimately.

Zimbabwe silence

A few weeks prior to the Apollo/CBZ MOU announcement, the crypto and non-crypto community had been given another dose of similar good news. Apparently, an agreement between the Zimbabwean government and an initially unnamed fintech firm was imminent.

The news had coincided with the changed approach towards cryptocurrencies and fintechs by the Reserve Bank of Zimbabwe (RBZ). A few days later Apollo acknowledged—via twitter—that it was the fintech firm in question.

Using the same modus operandi, Apollo has previously announced that it had signed an MOU with the Lesotho government and plans were afoot to sign similar agreements with a host of African countries.

Apollo’s APL token ranks at number 289 while its market capitalization is just under $10 million (at the time of writing) according coinmarketcap.com. The fintech company has have vigorously defended itself and even suggested that allegations that it’s operating a pump and dump scheme could be part of a smear campaign by a jealous competitor.

We do hope this is an opening for crypto into the country as will be a monumentous achievement, especially if ALL the claims made are verified. If not, well, it could cause more set backs for the industry in Zimbabwe.

Either way, until we have confirmation of facts, we will leave you to decide.




https://africablockchainmedia.com/news/apollos-incursion-into-zimbabwe/2020/03/31/

Apollo’s incursion into Zimbabwe


Apollo Fintech is expected to help launch a resource backed cryptocurrency for Zimbabwe, a country plagued with fiat currency troubles.

According to Apollo Fintech’s various twitter handles, it had entered into an agreement with Zimbabwe’s largest financial services group, CBZ Holdings to develop and implement 3 of the tech firm’s national solutions for the southern African country.

According to Apollo Currency’s twitter feed, Zimbabwe’s CBZ had signed a memorandum of understanding (MOU) with Apollo Fintech.

Premature celebrations?

The news immediately generated excitement within Zimbabwe’s small but vibrant crypto community while the value of APL—the fintech company’s crypto token— also reacted to the news by rising by approximately 20% following the ‘breaking news’.

Interestingly however, CBZ is has not formally acknowledged this and efforts to get a comment from the company’s officials have so far yielded little almost three weeks later (at the time of writing.)

Furthermore, as the news began filtering through, the rumours at CBZ suggested Apollo’s Steve McCullah might have jumped the gun.

A key individual within CBZ Holdings could neither confirm nor deny if indeed an MOU had been signed while another official only commended alert journalists for bringing this (Apollo’s announcement) to the company’s attention and that the group would take things from there. Both individuals refused to be identified at this moment in time.

This lack of clarity about this potentially game changing solution has some crypto enthusiasts worried and matters are not being helped by Apollo’s past reputation.

Allegations of pump and dump

In the past, Apollo Fintech has had to bat away numerous accusations that it is running a crypto scam. Steve McCullah, Apollo’s co-founder has been accused of operating a pump and dump crypto scheme on the African continent.

In general, pump and dump is illegal in countries like the United States and in many other regulated markets. However, since the cryptocurrency market remains largely unregulated, it means this practice can go unpunished. Critics argue that McCullah might be targeting Africa deliberately because he is aware that just a handful of few countries there have the means to expose him.

Furthermore, opponents also cite the botched expedition into the DRC as one episode that exposes McCullah as a con artist.

In Zimbabwe, critics have questioned the approach used by Apollo where McCullah makes big announcements via twitter while nothing is officially announced by the Zimbabwean side. This approach seems to contrary to the usual way of doing things in Harare.

It is almost a Zimbabwean custom, in both the public and private sector, to use lavish and elaborate ceremonies when announcing MOUs or major milestones. In fact, anything that comes with positive media coverage is never delegated to a faceless social media point person.

Furthermore, announcing everything on Twitter is never taken seriously especially when nothing is seen happening ultimately.

Zimbabwe silence

A few weeks prior to the Apollo/CBZ MOU announcement, the crypto and non-crypto community had been given another dose of similar good news. Apparently, an agreement between the Zimbabwean government and an initially unnamed fintech firm was imminent.

The news had coincided with the changed approach towards cryptocurrencies and fintechs by the Reserve Bank of Zimbabwe (RBZ). A few days later Apollo acknowledged—via twitter—that it was the fintech firm in question.

Using the same modus operandi, Apollo has previously announced that it had signed an MOU with the Lesotho government and plans were afoot to sign similar agreements with a host of African countries.

Apollo’s APL token ranks at number 289 while its market capitalization is just under $10 million (at the time of writing) according coinmarketcap.com. The fintech company has have vigorously defended itself and even suggested that allegations that it’s operating a pump and dump scheme could be part of a smear campaign by a jealous competitor.

We do hope this is an opening for crypto into the country as will be a monumentous achievement, especially if ALL the claims made are verified. If not, well, it could cause more set backs for the industry in Zimbabwe.

Either way, until we have confirmation of facts, we will leave you to decide.




https://africablockchainmedia.com/news/apollos-incursion-into-zimbabwe/2020/03/31/

Apollo Fintech leader, Steve McCullah strikes again with his ignorance and lies. Any buyer of GSX (and APL) has been scammed.

Historically Steve was asked if GSX is a security, and the following was his response:







Now take a minute to stop laughing and digest his response. I’m not sure where to begin. On all the “official” Apollo websites it clearly states that this a security backed by gold and land…blab bla bla. This makes it a security (although various Apollo papers contradict each other).

Steve has come up with a way to circumnavigate GSX being a security! Dividends are referred to as bonuses and these bonuses that are paid out to GSX holders come from a randomised pool of funds. And that makes it NOT a security, according to Steve.

And look! Apollo is in the beginning stages of SEC regulation!

What the heck are you talking about Steve? Because it is now called bonuses and are funds are random it therefore is NOT a security? I guess with your fake university education that is Steve’s uneducated interpretation. LOL. What the heck does that mean? Steve has poo as a brain and is actively scamming people.

Allow me to to blow this to shit.


SEC

Lets start with the SEC. The SEC is the regulatory financial body in America.

The terms and conditions to buy GSX (gsxcde.com/terms-and-condition) requires you not to reside or be an American citizen. If you are American then you broke the T&C’s. See above posts as what is said. Thats the end of the SEC regulation. So, the SEC is only for people who reside in America, not elsewhere. If the SEC did say it is a security or not, it doesn’t apply to any other country. But since Americans cannot buy GSX it doesn’t matter what the SEC says.


Did you buy APL/GSX based upon what Apollo Fintech Advertised?


When you bought GSX it wasn’t allowed to be based on advertising, solicitation, reading of articles, videos or any electronic media and NOT from a person NOT previously known to you in regards to investments. If you did that, well thats your issue, no refunds. Did you buy into this scam because of any of the above?

Also in the T&C’s-  you should have taken appropriate independent legal and tax advice. This means not from Steve. So if you blindly bought GSX based upon what Steve said then you broke the T&C’s.



Howey Test


Now under the Howey Test, it “states that an investment contract is a transaction, scheme or contract where a people invest their funds in a common enterprise and expect profits solely from the efforts of a third party or promoter” (https://www.leewayhertz.com/howey-test/).

The Howey test therefore says GSX is a security because there is an expectation of profits, and this comes from gold mining and land value (apparently). Otherwise no-one would buy GSX unless the expectation is to increase in value, right?! Apollo also clearly states that dividends are paid out!…it’s a security!

But if you do not believe me then do what Apollo Fintech says in its T&C’s - go get independent financial advice.




If you do live in America (and broke the rules) and did buy into Apollo and GSX here are some thoughts to ponder



If you receive income from referral links…

The Order from the Commissioner alleged Bitconnect marketed tokens for funding targeted to the general public in the US using “affiliates” for promotion. In exchange the “affiliates” were credited for each token sale through their efforts, a reward varying from 2-5%. This was done via “referral links”. This is classified as income received for work rendered and to the Commissioner it makes it a security (https://www.sec.gov/litigation/admin/2017/33-10445.pdf,  https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales, https://www.sec.gov/litigation/investreport/34-81207.pdf)



Are you making a passive income (not referrals)


Another similar attribute that the Commissioner outlines is Bitconnect had a platform Staking program where users held their coins in their QT-wallet. This is Proof of Stake (POS) minting where investors passively receive income by holding the coin in the wallet making a profit. This is deemed an investment and thus a security as the Commissioner points out. The Apollo team is Proof of Stake (POS) offering a Leasing system, or as the team states “forging” generating an income from transactions fees. Are you expecting more GSX or APL by forging or locking away your GSX…this is passive income.

In another example The Securities Commissioner on the 20 Dec 2017 entered an emergency Cease and Desist Order against USI-Tech Limited based in Dubai selling investments tied to bitcoin mining (https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales). This was classified as a security due to earning passive income.

Do you like how I compare Bitconnect to Apollo? LOL
So just to some up, good luck with the law if you live in America. Steve knows shit all.


Summary

Steve McCullah is a scammer, Apollo Fintech is a scam and GSX is a shit token/coin that you guys are locking up for years in order to receive  a passive income - for those who don’t know you can pick to lock up GSX for 1,2, or 3 years to receive huge returns! LOL 

By locking up you money you can no longer exit this scam. Well done for zero research, well done for not seeking independent advice. Well done indeed, you must be proud for your lack of effort.

Apollo Fintech leader, Steve McCullah strikes again with his ignorance and lies. Any buyer of GSX (and APL) has been scammed.

Historically Steve was asked if GSX is a security, and the following was his response:







Now take a minute to stop laughing and digest his response. I’m not sure where to begin. On all the “official” Apollo websites it clearly states that this a security backed by gold and land…blab bla bla. This makes it a security (although various Apollo papers contradict each other).

Steve has come up with a way to circumnavigate GSX being a security! Dividends are referred to as bonuses and these bonuses that are paid out to GSX holders come from a randomised pool of funds. And that makes it NOT a security, according to Steve.

And look! Apollo is in the beginning stages of SEC regulation!

What the heck are you talking about Steve? Because it is now called bonuses and are funds are random it therefore is NOT a security? I guess with your fake university education that is Steve’s uneducated interpretation. LOL. What the heck does that mean? Steve has poo as a brain and is actively scamming people.

Allow me to to blow this to shit.


SEC

Lets start with the SEC. The SEC is the regulatory financial body in America.

The terms and conditions to buy GSX (gsxcde.com/terms-and-condition) requires you not to reside or be an American citizen. If you are American then you broke the T&C’s. See above posts as what is said. Thats the end of the SEC regulation. So, the SEC is only for people who reside in America, not elsewhere. If the SEC did say it is a security or not, it doesn’t apply to any other country. But since Americans cannot buy GSX it doesn’t matter what the SEC says.


Did you buy APL/GSX based upon what Apollo Fintech Advertised?


When you bought GSX it wasn’t allowed to be based on advertising, solicitation, reading of articles, videos or any electronic media and NOT from a person NOT previously known to you in regards to investments. If you did that, well thats your issue, no refunds. Did you buy into this scam because of any of the above?

Also in the T&C’s-  you should have taken appropriate independent legal and tax advice. This means not from Steve. So if you blindly bought GSX based upon what Steve said then you broke the T&C’s.



Howey Test


Now under the Howey Test, it “states that an investment contract is a transaction, scheme or contract where a people invest their funds in a common enterprise and expect profits solely from the efforts of a third party or promoter” (https://www.leewayhertz.com/howey-test/).

The Howey test therefore says GSX is a security because there is an expectation of profits, and this comes from gold mining and land value (apparently). Otherwise no-one would buy GSX unless the expectation is to increase in value, right?! Apollo also clearly states that dividends are paid out!…it’s a security!

But if you do not believe me then do what Apollo Fintech says in its T&C’s - go get independent financial advice.




If you do live in America (and broke the rules) and did buy into Apollo and GSX here are some thoughts to ponder



If you receive income from referral links…

The Order from the Commissioner alleged Bitconnect marketed tokens for funding targeted to the general public in the US using “affiliates” for promotion. In exchange the “affiliates” were credited for each token sale through their efforts, a reward varying from 2-5%. This was done via “referral links”. This is classified as income received for work rendered and to the Commissioner it makes it a security (https://www.sec.gov/litigation/admin/2017/33-10445.pdf,  https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales, https://www.sec.gov/litigation/investreport/34-81207.pdf)



Are you making a passive income (not referrals)


Another similar attribute that the Commissioner outlines is Bitconnect had a platform Staking program where users held their coins in their QT-wallet. This is Proof of Stake (POS) minting where investors passively receive income by holding the coin in the wallet making a profit. This is deemed an investment and thus a security as the Commissioner points out. The Apollo team is Proof of Stake (POS) offering a Leasing system, or as the team states “forging” generating an income from transactions fees. Are you expecting more GSX or APL by forging or locking away your GSX…this is passive income.

In another example The Securities Commissioner on the 20 Dec 2017 entered an emergency Cease and Desist Order against USI-Tech Limited based in Dubai selling investments tied to bitcoin mining (https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales). This was classified as a security due to earning passive income.

Do you like how I compare Bitconnect to Apollo? LOL
So just to some up, good luck with the law if you live in America. Steve knows shit all.


Summary

Steve McCullah is a scammer, Apollo Fintech is a scam and GSX is a shit token/coin that you guys are locking up for years in order to receive  a passive income - for those who don’t know you can pick to lock up GSX for 1,2, or 3 years to receive huge returns! LOL 

By locking up you money you can no longer exit this scam. Well done for zero research, well done for not seeking independent advice. Well done indeed, you must be proud for your lack of effort.

LOL, it's  a laugh for sure. But knowing how Steve McCullah operates he always names his companies similar to real companies so people are tricked into believing he is rich and successful. But he is a liar.

Looks like Steve father has jumped onto the band wagon for scamming. Let's take a look into Evans Collars (aka Tsavari).





In previous posts you can see Steven McCullah is also registered under this business. Take note of Tsavari Mining - gold and ore mining in southern Africa (Fake Website tsavari.co).




This is the McCullah's unfinished SCAM website - I have written about this before:



https://www.tsavari.co/more-about-me




Extract from an article written about Steven claiming the real Tsavari business is Evans Collars.

"Tsavari makes 12 million dollar dog collar. Paula Abdul one of their famous clients!

Why: Tsavari is the world’s first luxury dog collar brand showcasing real white sapphires and rubies in their collars. When the best isn’t good enough, you should consider some of their luxury dog collars. Tsavari also designs and creates custom precious collars for your loving pets.

Does your precious pooch deserve the most couture of collars? Check out the details on this new custom pink diamond dog collar that’s being valued at over 12 million dollars.  Now that’s some bling worth barking for!

The U.S. dog jewelry company Tsavari — a branch of Evans Collars Inc. — caters to celebrities and the mega weathy with a line of dog collars that prior to this product release ranged from $2,500  to $73,699.

So who’s pet wears Tsavari?  Owner Stephen McCullah says Paula Abdul is just one outspoken celebrity client.  But with the launch of the line’s latest offering, these collars are reaching for the very noblest of necklines.

Not yet debuted to the public –McCullah tells Pursuitist that jewelers are still working on the buckle — Tsavari recently hinted at adding a supremely coveted canine tag to its collection, called The Majesty".

https://pursuitist.com/your-precious-pooch-needs-this-12-million-collar/




Below is Paula Abdul Instagram post of the REAL business Tsavari.com



https://www.instagram.com/p/sQWRaKQMNc/?utm_source=ig_embed



Conclusion

There was a real company is called www.tsavari.com and Paula Abdul was a client. This is not Stevens or Robert McCullahs business.

Steven and his father Robert (aka Bob) McCullah have tried to claim that this was their company. Well I guess that how they roll, making up company names similar to real companies just to scam people. Fell free to read back on his thread for all the scam connections.

The company Paula Abdul bought from is www.tsavari.com. The scam company Steve and his father operate is https://www.tsavari.co (aka Evans Collars) - read back on post for proof.

That is the connection. Scam Scam Scam






Scam: https://www.mccullahindustries.com/companies

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