[NEWS] LEOcoin MLM Ponzi Fraud Investigation

[Spoetnik]

Just passing it along..

Source = Re: [FRAUD] LEOcoin scam making demonstrably fraudulent claims to con general public

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The National Accountability Bureau (NAB) Rawalpindi has initiated an inquiry against UNAICO Pakistan Pvt Ltd on a report by the State Bank of Pakistan (SBP) regarding the alleged suspicious transactions (STR) in the accounts of the company.
Initial verification of relevant record has revealed that the company, registered with the SECP, was allegedly involved in the illegal business of MLM (multi-level marketing) by enticing the general public for investments.
The company was running a ponzy scheme.
Earlier, the SECP had issued a public warning through the national dailies requesting the general public to refrain from investing in UNAICO or involving in any transaction with the same.
The warning had clearly notified the general public that the company’s business was illegal and not authorised by the SECP. NAB Rawalpindi has started a full-fledged inquiry and in the initial phase has frozen all bank accounts of the company and its director, Atif Kamran.
There are three bank accounts in the name of the company and relevant banks have been advised not to entertain any transaction in the said accounts till further orders. The NAB has placed Kamran’s name on the ECL. NAB Rawalpindi is in the process of contacting all members/investors of the company to approach.
The NAB Rawalpindi has to verify their claims and record their statements for legal action against M/s UNICO Pakistan Limited RPPs Case. NAB is in the process of reconciliation based on the available material collected/recorded during examination of the accused persons alleged in the case and hoped to finalise its inquiry within a week. During the process, NAB may call the accused persons already heard for further grilling if need be. The bureau has received commitments from various RPPs to return the defrauded amount in the days to come.

Atif Kamran with Mr Anderrsoon

Now this is not trolling is it?

It is a fact and it happened.

So let's see if it gets deleted......

ps: you guys were even on yahoo finance: http://finance.yahoo.com/news/bitcoin-alternative-pyramid-scheme-storm-125726660.html

[asriloni]

This is the big news for all and especially for the LEO shil.   Their shil will be stopping make a troll on every place.   Get depressed and stressed, their mentality has disturbed. But how about the result of that news now?  I curious.

[Cryptoipad]

I always knew these guys were shady. They launched their coin in private and mined tens of thousands of blocks for themselves. These guys were just selling their worthless tokens. Another Onecoin but this one has a blockchain.

[bbc.reporter]

@Cryptoipad. Everybody does and it is nothing new. The ones who "support" them in the forum are paid shills or they are people who are part of leocoin itself. The funny part is they keep marketing their coin in this forum without realizing that the little 40 year old kids here are all broke because of the constant scamming.

[Pearls Before Swine]

I always knew these guys were shady. They launched their coin in private and mined tens of thousands of blocks for themselves. These guys were just selling their worthless tokens. Another Onecoin but this one has a blockchain.

Of course, but this isn't any different than the pants-load of other coins trading on the exchanges.  If you buy any of these, you are getting the quacksters rich and no one else.  It should be axiomatic that when these con men develop these coins, they are going to have extremely slick presentations to suck in the retard pool.  And that pool needs to be drained.  None of this surprises me, though it did catch my attention that the situation made it all the way to yahoo finance.

[BitPotus]

This is the big news for all and especially for the LEO shil.   Their shil will be stopping make a troll on every place.   Get depressed and stressed, their mentality has disturbed. But how about the result of that news now?  I curious.

The Leocoin shill aka Cryptotraider16 and his numerous sock puppets will just say that we are trolls and are jealous.

It's really funny cause that little shit keeps denying making sock puppet accounts even though one can fucking see them from a mile away due to his quite unique retarded writing style.

[Zadicar]

This is the big news for all and especially for the LEO shil.   Their shil will be stopping make a troll on every place.   Get depressed and stressed, their mentality has disturbed. But how about the result of that news now?  I curious.

The Leocoin shill aka Cryptotraider16 and his numerous sock puppets will just say that we are trolls and are jealous.

It's really funny cause that little shit keeps denying making sock puppet accounts even though one can fucking see them from a mile away due to his quite unique retarded writing style.

Im just really waiting on what would be the reaction of Cryptotrader regarding on this news since he always promote this coin everynow and then and making threads everywhere on the altcoin section which is obviously promoting a MLM ponzi coin which i really dont trust at the first place.

[Spoetnik]

Hope you all actually read the quote because it's a pretty serious situation.
It may be setting a precedent too..

I was rather surprised to say the least hearing about this.
This is no FUD people.. this is a slew of banks accounts seized by authorities and a major investigation.
And the keywords i put in the title were taken straight from the authorities mouth word for word.

It's about time people in Crypto realize they are not bullet proof and immune to law.

I went digging for the scam topic to mention the super shill's last comment he posted here.
How he said the official site mentioned it paid the premined money to "Investors"
Which would be the people at Seminars buying into the Ponzi by paying expensive seminar fee's and DVD's etc.
That admission he posted earlier was a major revelation !

It also says a bunch of stuff on the ANN topic about the premined money.
It said 50 million was premined for the foundation but later down the ANN topic it says the foundation "holds"
only 10 million with no mention of where the rest of the 40 million went to.

We also seen on the other shill topic new users defending it all saying the guys behind the foundation and Dan the guy credited for starting the coin as "not connected" to LEO coin.
See the picture above ? An obvious bold face lie.

This really is a giant swirling vortex of scam backed by old school multi level marketing scammers with deep pockets.
And THIS is who you guys are supporting with half the scammy coins around here.
Supporting a shitcoin to make a few bucks profit make these guys a TON of money.
And once they get a taste do you all think they are going to leave ?

Anyway i wonder what will happen with LEOcoin now.. i am too lazy to look at CoinmarketCAP  
I bet it's tanking as we speak..

[Cryptotraider16]

Funny thread sportnik ! Thanks for extra advertise!
Soon all willsee you are a funny kid! But thx for free advertise!
Yeah 8 exchanges trade scam coin omfg you are so so funny and all who are with you. Kids!
Real realsoon some real important peoples from crypto world will be LEOcoin support!
Then all of you will just cry! 👍🏼🙈😅

[J1mb0]

Funny thread sportnik ! Thanks for extra advertise!
Soon all willsee you are a funny kid! But thx for free advertise!
Yeah 8 exchanges trade scam coin omfg you are so so funny and all who are with you. Kids!
Real realsoon some real important peoples from crypto world will be LEOcoin support!
Then all of you will just cry! 👍🏼🙈😅

We are surely, living in a Post Truth era. Wow! Just Wow! 

[Spoetnik]

Cryptotraider16 you should respond to the allegations against your founder & friends.
Tell us what you think of the news that came out about the banks accounts being seized etc.
Or..
Hide & cry Troll.

And i need to tell you i am not interested in who likes whom around here.. this is not High School.
I want to discuss the truth with people.. any and all people.
I am not for or against anyone here.

[MirkoIta]

This is an important news let's hope it will be only the start, I'm sure if they investigate on most of the scam ICOs happening daily they will find a few known people behind all of them.

[Cryptotraider16]

Cryptotraider16 you should respond to the allegations against your founder & friends.
Tell us what you think of the news that came out about the banks accounts being seized etc.
Or..
Hide & cry Troll.

And i need to tell you i am not interested in who likes whom around here.. this is not High School.
I want to discuss the truth with people.. any and all people.
I am not for or against anyone here.

I cant sat snything since LEO have no problems! Leoxchsnge is bacwkd by polsnd bank!
Dont know what you talk!

Did you think 25 ambasadors will meet scam or ponzi and support thrm!!!!wtf you talking man!

[Cryptotraider16]

China ambasador in Uk support LEO scam?! Wtf you kids talk! ?
This forum is full of losers!

https://m.youtube.com/watch?v=-7ePEfgorkc

[turn2flush]

China ambasador in Uk support LEO scam?! Wtf you kids talk! ?
This forum is full of losers!

https://m.youtube.com/watch?v=-7ePEfgorkc

If somebody have company supported from this type of guys than u must understand a little bit what is going on in background. If u dont understand then u must be a troll or a sheep guided by trolls.

http://gb2.mofcom.gov.cn

Here u can see who is this guy from china who support LEO. Trolls says this is fake, this is scam, etc. But whatever.

[turn2flush]

https://youtu.be/uKZ5PDsIGxs

And here (2.19 min) u can see Sir Danny Alexander, AIIB Vice Presidents and General Counsel, on LEO event at Great wall of China. And yes of course guys like him support scam like LEO and LEOcoin. Ha ha ha u are so so funny.

And what is AIIB?

Here u can see: https://en.m.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank

Trolls again say this is fake, this is scam, this is ponzi, etc. And stupid sheep with no brain follow. Hihi

[Cryptotraider16]

China ambasador in Uk support LEO scam?! Wtf you kids talk! ?
This forum is full of losers!

https://m.youtube.com/watch?v=-7ePEfgorkc

If somebody have company supported from this type of guys than u must understand a little bit what is going on in background. If u dont understand then u must be a troll or a sheep guided by trolls.

http://gb2.mofcom.gov.cn

Here u can see who is this guy from china who support LEO. Trolls says this is fake, this is scam, etc. But whatever.

Big true! This forum full of kids! I think we spend time with kids!🙈🙈🙈🙈

[Cryptotraider16]

https://youtu.be/uKZ5PDsIGxs

And here (2.19 min) u can see Sir Danny Alexander, AIIB Vice Presidents and General Counsel, on LEO event at Great wall of China. And yes of course guys like him support scam like LEO and LEOcoin. Ha ha ha u are so so funny.

And what is AIIB?

Here u can see: https://en.m.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank

Trolls again say this is fake, this is scam, this is ponzi, etc. And stupid sheep with no brain follow. Hihi

As i keep say time will show and troll kids will gone! Poor kids stay poor kids all life! The Secret!

[obit33]

As i keep say time will show and troll kids will gone! Poor kids stay poor kids all life! The Secret!

the only troll-kid here is you, pushing your ugly scam on everyone with your endless opening of topics...

leocoin is one of the most obvious and ugly corporate scamcoins I have ever witnessed... Noone in their right minds should be advertising nor buying it... it's a disgrace and you should be ashamed for trying to pump it...

edit: you should change your name to cryptotraitor.

best regards

[Cryptotraider16]

As i keep say time will show and troll kids will gone! Poor kids stay poor kids all life! The Secret!

the only troll-kid here is you, pushing your ugly scam on everyone with your endless opening of topics...

leocoin is one of the most obvious and ugly corporate scamcoins I have ever witnessed... Noone in their right minds should be advertising nor buying it... it's a disgrace and you should be ashamed for trying to pump it...

edit: you should change your name to cryptotraitor.

best regards

Another troll kid! Go cry to your mam kid. 🤡😂