To be fair, I think it is pretty clearly a case that Willi, like many other forum members have done at some point in their history here, mistook the purpose of the trust list and conflated it with the function of feedback trust.

As we saw, a quick heads-up remedies that, otherwise, yes, it would be tantamount to trust farming.

There is a lot to unpack underneath this group of people and companies, but without alleging any impropriety at this time, I would request, @BFCLCoin, that you ask for clarification to be provided regarding the following:

Firstly:
https://bfclcoin.com/privacy-policy/

Why does this reference Bennet Financial Services privacy policy and not Bolton First Credit?

Secondly:

Bolton Holding is a Dubai-registered company, but Bolton First Credit is a UK-registered Limited co (10218367) and the token issuer vehicle, as shown, is the Cayman Island Limited Liability Co, BFCL LLC. Were there to be any legal action needed to be taken against this coin project and its issuers, which jurisdiction does the Bolton Holding Group assert as being applicable?

Bingo. You need to escalate the issue with Revolut by following their own procedure:
https://www.revolut.com/legal/complaints-policy/

You need to clarify that you are seeking to establish whether the closure of the account was an issue with you as the account holder, or the senders of the funds deposited to your account.

Explain that you need to know if it was due to the latter so you can raise a criminal complaint against the localbitcoins users responsible in the hope that they can be traced by law enforcement and possibly (albeit highly unlikely) recover your bitcoin/funds. In any event you are entitled to more of a response than simply, "we can't tell you", seeing as they literally emptied your account without notifying you.

At the very least they are required to advise you of the procedure you need to follow in order to fully establish the nature of the decisions they took in returning the deposits to the originating accounts.  Be that through a formal complaint with them, the financial ombudsman or, indeed, Action Fraud UK

Can you mark that email as 'spam' or 'phishing' in your inbox and also forward a copy to phishing@cc.yahoo-inc.com so they can actively mark it as a fraud and hopefully it'll hamper its delivery enough to save some people getting caught out by it.

The grammar in that text is pretty lousy, too, which is usually a big sign that its a scam as legitimate marketing is always properly proofed before sending.

Good work on getting this posted up quickly, steampunkz. Time is always of the essence in alerting the community to these types of scams.

Nope, not my reply. That was user 'DigitalBadAss' I was quoting. I didn't assert or conclude anything in that post.


It has been since its inception, in fact, LEOcoin was created solely for the purpose of marrying it to the MLM structure of LEO in order to convey some notion of perceived value and claim that it had many thousands of business outlets accepting it as currency, which were, in fact, merely the individual participants in the LEO MLM.


But that's my point, there is no 'value' to LEOcoin without the LEO MLM structure of existing participants bringing in more participants in order to buy more coins.

Without the MLM pyramid of buyers for the coin what possible basis is there for anybody to want to use it for anything? Be it PoW, PoS or moved over to the Ethereum platform where it will become yet-another-ERC-token, there has to be a purpose for this coin and, irrespective of the negative moral value of what the LEO MLM actually was/is, in that it was nothing more than a scheme designed to keep people buying in and then getting them to bring more people to join and buy in, it was at least an explanation for why there would ever be an increase in market price for LEOcoin.

That 'demand' of any description, artificial or otherwise, was the whole premise for the continued existence of this coin, by way of the MLM creating such, you are now facing the stark reality that the MLM is, as they inevitably do because of math, collapsing/collapsed and LEOcoin has simply become a clone without a purpose, criminal or legitimate.

You must surely be at the point of being prepared to acknowledge that for all your years of wilfully blind support for Andersson et al, they were involved in extremely shady business practices and whether he has been arrested as a result of LEOcoin or his UNAICO scam, that he is the founder of LEOcoin taints it irreparably. No legitimate business would ever want to associate themselves with it, so what possible route could you even begin to envisage there exists for actual value to be established within this coin's market?

That 'investment model' is highly reminiscent of previous ponzi scam, such as recyclix:

[/quote]

Multiple 'modes' of keeping hold of investors suckers funds for as long as possible before exiting stage left with the accumulated loot.

Where in my post did I state anything at all, let alone a conclusion? I merely asked for your input on the publicly available documentation concerning the state of the LEO organisation and the the founder of LEOcoin, who remains arrested in Pakistan and unable to leave the country.


According to the court documents Mr Kamran presented a raft of evidence to support his claims, chief among them that Dan Andersson issued and sold more LEOcoins than the company could possibly fund, evidence that was accepted by the court as legitimate, as opposed to that submitted by LEO which was not even signed.

Even LEO's own submission to the court asserted that the company was both unable to fund legal representation in its defence AND that LEO is "insolvent or at high risk of insolvency”

LEO is the entire MLM structure behind LEOcoin and they have declared in their own words that they are broke.

How about when it is the company's own own conclusion?


Surely you must have something to say about this by now?

It would be good if a half-decent mainstream journo took up the mantle of reporting on this scam. That would help push the case with LE.

It isn't as if the facts aren't eminently fascinating - a delusional, compulsive plagiarist and pathological liar, Jawad Joya (Yaqub) with three passports and a very real connection, albeit undefined, to the British Intelligence Service, MI5, and a raft of co-conspirators, including Dr James Ferguson
an American resident physician who alternates between publicly being mr100percent on instagram and an anonymous Islamic-activist, SulaymanF, on twitter, Adil Iftikar, an investment scammer as COO, a crypto 'journalist' Niall Maye, who claimed he couldn't have possibly discovered the fact that the, supposed, multi-national global corporation, Razormind Ltd, with offices and blue-chip clients all around the world, was just a plagiarised lie of a shell company incorporated only a few months previously which somehow still managed (I wonder who pushed that through?) to be named as the Northern Ireland Chamber of Commerce member of the month long after the ICO fraud was widely exposed
http://www.northernirelandchamber.com/members-of-the-month/
ultimately leading to an exit-plan apparently involving cashing out the illicit bitcoin collected through the fraudulent ICO by way of bitcoin atm machines purchased WITH FUNDS FROM THE ICO:

You literally couldn't make it up as it would be considered too far-fetched, right?

^^^ This. For fuck's sake Theymos will you please implement this?

If the forum relies on DT to shape a dependable trust advisory layer for other members to use as a fairly reliable means by which to quickly gauge the likelihood of a post/thread being from a scammer/scam, or at least serve as a warning flag showing further investigation is warranted, then non-member 'guest' users who are landing on these same sketchy threads from search engines deserve the same information, too.

Given that this effectively serves to prove that Jawad Joya (Yaqub) did actually collect a not-insubstantial amount of money through this scam I have to say that I am somewhat surprised at the lack of involvement in this thread from those investors. Asides from a few people saying here that they lost a bitcoin or two to this fraud, there has been such a dearth of torch-bearing pitchfork-waving victims that I was beginning to suspect he hadn't actually raised much from this con.

It would suggest that a large proportion of victims aren't bitcointalk users and were conned directly through the fraudulent PR articles and Razormind website.

They may be unaware of the criminal case being brought against Jawad (& Co?) and the chance of recovering some of their funds.

It was hardly a mere 'air of legitimacy', as is evidenced previously, their involvement absolutely and explicitly provided for statements asserting significant and comparative legitimacy:

 "A UK company Razormind is going to be rivalling Ethereum offering alternative options in crypto, blockchain and smart contracts to corporate giants such as Microsoft, Eris and IBM. "

Without CT's involvement in this scam it would have struggled to collect a single satoshi from investors. Nobody had ever heard of Jawad and Phil's 'Razormind" outside of a brief coin-cloning effort, primarily because it was, in various incarnations, nothing but a cheap UK incorporation which never really traded or had much of any substance. Niall Maye wrote glowing articles massively hyping both Razormind and DeOS as though they were properly established meaningful entities with very real business presence and value when even the most cursory of searches quickly showed otherwise.

His 'subsequent Red Flags' article, as I said at the time, was solely an effort to pretend like the structure was so difficult to unravel that he simply couldn't be sure whether it was a scam or not.

Jawad Yaqub or, as he is currently trying to bury that name in the memory-hole, Jawad Joya, made Niall an advisor at the time, something which would have had some kind of financial gain attached to it or he wouldn't have accepted the role, contrary to his attempts to claim otherwise.

http://mis.ihc.gov.pk/frmCseSrch.aspx (click on 'advance search' and enter 'Gunnar' in the Case Title field)

Sure, if you think two or three years qualifies as 'asap'.

 

But, as I said, your perpetual pretence that you are not fully aware of the fraud perpetrated by this coin operation won't fly in court.

Again, I refer you to my previous conclusion, you are shameless, utterly fucking shameless...

From the very beginning of this coin's inception it has been guilty of fraudulent misrepresentation

They explicitly lied about the technology of this coin, they explicitly lied about it being truly anonymous and they did so in order to intentionally mislead potential investors in it.

But I don't expect anything more in objective rebuttal than is evidenced by your last post, namely, your usual rambling non-sequiturs and desperate obfuscation.

Point to note, Roel, a court would view very dimly your perpetual attempts to pretend like you don't know this coin operation is guilty of fraudulent misrepresentation. They would likely find your utter refusal to honestly address the evidence being presented in your thread and repeated deletions of such as being indicative of your willing collusion in a conspiracy to defraud.

Don't believe me? Ask your lawyer.

I don't want your apology, I want your honesty. But you have spent the last few years demonstrating your utter lack of such.

Evidence being posted in your thread is not trolling, it is the provision of factual and highly relevant information concerning this coin and those associated with it.

You know this, I know this, everybody in this thread knows this. But you are too intellectually dishonest to accept it and prefer instead to post lengthy meandering missives attempting to justify why you must, yet again, delete highly relevant facts from your thread because, put simply, you can't rebut them and they are likely to lead to people losing faith in the integrity of the LEOcoin operation.

You are shameless.

My usual response to this is to add another negative trust rating to him with a link to the relevant evidence post in this thread and hope that it might at least serve to warn some users. But as trust is not displayed on non-member forum views it's important that this thread and other LEOcoin articles on sites like behindmlm.com appear fairly high up in search-engine rankings.  Roel N. de Leeuw who controls the LEOcoin Foundation forum account is just as guilty in this conspiracy to defraud as the criminals at the top who are being pursued by various government agencies around the globe. His wholly dishonest approach to removing posted evidence of wrongdoing and misrepresentation by the scammers he supports, in some desperate hold-out over the last few years for some kind of epic Moon to occur so he can cash out his bags for Lambos, is despicable. This operation targets naive and desperate gullible people from impoverished societies and drains them of their cash in return for dreams of riches, all the while this scheme lurches from one bolt-hole, physically and virtually, to the next as it desperately attempts to postpone the inevitable outcome of all pyramid-style schemes.

Lol. Just. Lol.

This project has already been exposed as having team members who are known to be criminals and even their lame attempt to drop the guy who is wanted by the FBI and the SEC after being charged with serious fraud, lowbander80, is proving to be a bullshit gesture as his account is still awarding shitposter shill accounts with merit (see above)!

You better had. Campaign managers and promoters can't simply hide behind claims that they are 'only' posting on behalf of third-party ICO project teams.

You are complicit in these scams if you fail to perform sufficient due diligence before accepting the promotional work for them and will be tagged accordingly if you persist.

I'm having a hard time locating ANY of these people outside of this ICO. Would you care to provide some relevant links as most of the links are dead?