[NEWS] LEOcoin MLM Ponzi Fraud Investigation

[Spoetnik]

again and again.time will tell a lot!
just troll...time will show everything.
i still love you spoetnik!

also again,i have only 1 account.

Perceptive people have made it clear to you that this LEO stuff has made them suspicious.
We all collectively see red-flags which makes us want more information on what is going on.
That is not "Trolling".
That is simply doing what we are all told to do.. "Exercise due diligence" (before investing)

I thought i made it clear to you i have no personal interest in you.
I have no desire to Troll on you (get a rise out of you) etc.
YOU ..do not interest me.

I am simply pointing out how you too as a user here have us concerned also.
It does in fact seem like you control many accounts here with the same posting style.
And the content posted with them.. more red-flags.

The ultimate point here is we all have given you plenty of opportunities to clear the air and explain yourself.
You either hide or get evasive.. more red-flags.
For example..
If you wanted us to believe your claim of "I only have one account here" then you could have answered some of the questions posted.
Such as who are you / where are you from etc.

So..
I think we have very different definitions of "One Account Here"
I would know, i have actually only ever logged into one account here ever.


I also find it strange how much you "Love" me  


I AFRAID !!!111ONE

[nemgun]

again and again.time will tell a lot!
just troll...time will show everything.
i still love you spoetnik!

also again,i have only 1 account.

Perceptive people have made it clear to you that this LEO stuff has made them suspicious.
We all collectively see red-flags which makes us want more information on what is going on.
That is not "Trolling".
That is simply doing what we are all told to do.. "Exercise due diligence" (before investing)

I thought i made it clear to you i have no personal interest in you.
I have no desire to Troll on you (get a rise out of you) etc.
YOU ..do not interest me.

I am simply pointing out how you too as a user here have us concerned also.
It does in fact seem like you control many accounts here with the same posting style.
And the content posted with them.. more red-flags.

The ultimate point here is we all have given you plenty of opportunities to clear the air and explain yourself.
You either hide or get evasive.. more red-flags.
For example..
If you wanted us to believe your claim of "I only have one account here" then you could have answered some of the questions posted.
Such as who are you / where are you from etc.

So..
I think we have very different definitions of "One Account Here"
I would know, i have actually only ever logged into one account here ever.


I also find it strange how much you "Love" me  


I AFRAID !!!111ONE

(i love that bunny !)
If i am also talking here is just because Spoetnik can be annoying when he wants to deliver a message, and you, you are still here talking, and arguing that Leo is blah blah blah. I am just amazed by the energy you put in advertising such a scam, and i wanted to check myself if it was a scam or not, and the way you act, just confirmed to me that it is a scam.

[bravehearth0319]

I do believe that if some of the altcoins in crypto currencies will rise up and will connect into Multi-level Marketing system, surely that company will not last long exist. It will getting only for bad imaging in the bitcoin community. That was in my perception only, other than that, nothing.

[bravehearth0319]

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.

True, there are elite people behind all of them. And these people most of the time are participating in the coin that are running away in the long run to get the money of the investors. And that's what I saw in leocoin  which back up by the company.

[Spoetnik]

LEO guys are not even really hiding it that is the messed up thing.

[mladenbabic]

LEO guys are not even really hiding it that is the messed up thing.

What hide? You stupid poor troll? Dont understand?

LEOcoin foundation and many rich people like me has many coins. With POS we get many free coin every month. Do you now what POS is?

We sell LEOcoin around world because we have many free coins, Foundation have most coins. this is because POS is good if you have many coin. This is marketing.., friend!
This is why LEOcoin is not POW anymore. This is not fraud, it is marketing! And if you buy LEOcoin now, soon will be 1$ with Eterheum anonymous transaction and Debit card

[Spoetnik]

LEO guys are not even really hiding it that is the messed up thing.

What hide? You stupid poor troll? Dont understand?

LEOcoin foundation and many rich people like me has many coins. With POS we get many free coin every month. Do you now what POS is?

We sell LEOcoin around world because we have many free coins, Foundation have most coins. this is because POS is good if you have many coin. This is marketing.., friend!
This is why LEOcoin is not POW anymore. This is not fraud, it is marketing! And if you buy LEOcoin now, soon will be 1$ with Eterheum anonymous transaction and Debit card

I already had your account on my watch list.
You are transparent and not fooling anyone.
You are here lying and playing games to defraud people of money.. REAL money.
Good luck with that NOOB.

And be grateful i replied to a fucking nooby dummy / sock-puppet account here.
Maybe get 10 posts THEN jiggle your little dick-holster around here scammer.       

[mladenbabic]

What is your problem? Gratefull of what? Real money is good fro me, i have good life and my family too, you angry becaus you dont have real money?
Get a life kid! Or better you get LEOcoin, i can sell you some Be smart

[Spoetnik]

What is your problem? Gratefull of what? Real money is good fro me, i have good life and my family too, you angry becaus you dont have real money?
Get a life kid! Or better you get LEOcoin, i can sell you some Be smart

Don't like me exposing your scam then .. go create yet another puppet account about it CryptoTraitor16  
You still love me mladenbabic  ?      

[LEOcoin Foundation]

My personal view on trolling, scam-calling and pumping …

Digital cash is an experiment with money. Due to its power to create tokens in a cryptographically secure way that ensures that it cannot be copied or forged, digital cash is fast, safe and depending on the coin: relatively private and deflationary in nature. Some are also decentral and democratic.

In a free market environment, any company, institution or group of stakeholders can opt to create, promote and use disruptive technology, and if they do well, the market will determine the value of their undertaking. This means that from new start-ups, ex-bankers and scammers to genuine businesses, can give it a try. Even companies that use direct selling as their distribution strategy for products and services.

As with any new initiative, there will be differences in view on how to evaluate such initiatives. Competitors will point at weaknesses, in order not to lose market share or investors. Governments will regulate, in order to be able to avoid a democratic money system outside of their control. Banks will study and learn so they will know how to protect their ways of money creation as long as possible. The establishment will obfuscate technical developments by using terminology that is hard to grasp for non-experts, or emphasize dangers, while at the same time hiding the innovative improvements that might help to deal with failing systems in the global financial and monetary areas.

This said, a thread like this shows all of the above elements, it has the established posters, trolls, pumpers, real or allegedly real scammers and fair posters that act out of good faith or genuine worry. As yours truly is generally addressed as sock-puppet or rhetoric monstrum, I shall refrain from arguing about truths, as with any kind of fundamentalism or overly emotional disagreement, you cannot longer argue reasonably. Instead, I will try to bring some humor to this otherwise disturbingly poor thread as a token of good intention and this I do in the form of some (annotated) definitions in the hope we all may benefit from this, or at least have a strong emotional reaction, like fun or dislike.

Fundamentalism - an ‘ism’ with no fun, too much damn, and not enough mental. Bart Ehrmann
(Fundamentalism and freedom of expression and enterprise are on a tensed foot, just as people that trust LEOcoin and those that do not, may start to develop fundamentalist traits while attempting to argue.)

Magic, n. - an art of converting superstition into coin. There are other arts serving the same high purpose, but the discreet lexicographer does not name them. Ambrose Bierce, The Devil’s Dictionary
(Fiat, or trust, is the art that we are attempting to learn in crypto-world.)

Crisis – a mechanism to create problems that cause circumstances beyond one’s control that again call for measures that otherwise would not have been accepted without huge protest
Global financial crisis – a fear, uncertainty and doubt strategy with the goal to reorganize property


Authority – the power to let others abide by your will
Media – Managers of perception that sell lies in order to make their audience believe that authorities protect them (instead of parasitize on them)
Trolls – persons that are sometimes similar to media workers
Democracy – form of government that protects the people for as long as they have the tool to set limits to the power of the authorities


Debt – that what lenders need so they can confiscate possessions without having to work for them
Interest – the price for borrowing money that previously did not exist
Credit – already spending the money that you still have to work for in the future

@all, I will not respond on this post – so take it or leave it.

[o0o0]

My personal view on trolling, scam-calling and pumping …

Digital cash is an experiment with money. Due to its power to create tokens in a cryptographically secure way that ensures that it cannot be copied or forged, digital cash is fast, safe and depending on the coin: relatively private and deflationary in nature. Some are also decentral and democratic.

In a free market environment, any company, institution or group of stakeholders can opt to create, promote and use disruptive technology, and if they do well, the market will determine the value of their undertaking. This means that from new start-ups, ex-bankers and scammers to genuine businesses, can give it a try. Even companies that use direct selling as their distribution strategy for products and services.

As with any new initiative, there will be differences in view on how to evaluate such initiatives. Competitors will point at weaknesses, in order not to lose market share or investors. Governments will regulate, in order to be able to avoid a democratic money system outside of their control. Banks will study and learn so they will know how to protect their ways of money creation as long as possible. The establishment will obfuscate technical developments by using terminology that is hard to grasp for non-experts, or emphasize dangers, while at the same time hiding the innovative improvements that might help to deal with failing systems in the global financial and monetary areas.

This said, a thread like this shows all of the above elements, it has the established posters, trolls, pumpers, real or allegedly real scammers and fair posters that act out of good faith or genuine worry. As yours truly is generally addressed as sock-puppet or rhetoric monstrum, I shall refrain from arguing about truths, as with any kind of fundamentalism or overly emotional disagreement, you cannot longer argue reasonably. Instead, I will try to bring some humor to this otherwise disturbingly poor thread as a token of good intention and this I do in the form of some (annotated) definitions in the hope we all may benefit from this, or at least have a strong emotional reaction, like fun or dislike.

Fundamentalism - an ‘ism’ with no fun, too much damn, and not enough mental. Bart Ehrmann
(Fundamentalism and freedom of expression and enterprise are on a tensed foot, just as people that trust LEOcoin and those that do not, may start to develop fundamentalist traits while attempting to argue.)

Magic, n. - an art of converting superstition into coin. There are other arts serving the same high purpose, but the discreet lexicographer does not name them. Ambrose Bierce, The Devil’s Dictionary
(Fiat, or trust, is the art that we are attempting to learn in crypto-world.)

Crisis – a mechanism to create problems that cause circumstances beyond one’s control that again call for measures that otherwise would not have been accepted without huge protest
Global financial crisis – a fear, uncertainty and doubt strategy with the goal to reorganize property


Authority – the power to let others abide by your will
Media – Managers of perception that sell lies in order to make their audience believe that authorities protect them (instead of parasitize on them)
Trolls – persons that are sometimes similar to media workers
Democracy – form of government that protects the people for as long as they have the tool to set limits to the power of the authorities


Debt – that what lenders need so they can confiscate possessions without having to work for them
Interest – the price for borrowing money that previously did not exist
Credit – already spending the money that you still have to work for in the future

@all, I will not respond on this post – so take it or leave it.

what about your figureheads being past known scammers having bank accounts frozen etc. forget the other shit you posted we are questioning your peoples motives and credability. address those points.

also to be fair and transparent you forgot to define zealot shills. you cant have trolls without your zealot shills like cryptoteaider16 come now get off that high horse and tell the truth or are you a fibber

[buwaytress]

These are, as Spoetnik mentions, people who were well-schooled in the traditional MLM ponzi methodology. There are actually only a handful right at the top who work on a series of MLM ventures at a time, running on a well-oiled machine that just moves along when a ponzi is found out or when it runs out of new members.

The ones who get caught are not part of the inner circle, unfortunately... the real puppet masters have not been caught and only leave when the new generation has been trained to take over.

[Cryptotraider16]

My personal view on trolling, scam-calling and pumping …

Digital cash is an experiment with money. Due to its power to create tokens in a cryptographically secure way that ensures that it cannot be copied or forged, digital cash is fast, safe and depending on the coin: relatively private and deflationary in nature. Some are also decentral and democratic.

In a free market environment, any company, institution or group of stakeholders can opt to create, promote and use disruptive technology, and if they do well, the market will determine the value of their undertaking. This means that from new start-ups, ex-bankers and scammers to genuine businesses, can give it a try. Even companies that use direct selling as their distribution strategy for products and services.

As with any new initiative, there will be differences in view on how to evaluate such initiatives. Competitors will point at weaknesses, in order not to lose market share or investors. Governments will regulate, in order to be able to avoid a democratic money system outside of their control. Banks will study and learn so they will know how to protect their ways of money creation as long as possible. The establishment will obfuscate technical developments by using terminology that is hard to grasp for non-experts, or emphasize dangers, while at the same time hiding the innovative improvements that might help to deal with failing systems in the global financial and monetary areas.

This said, a thread like this shows all of the above elements, it has the established posters, trolls, pumpers, real or allegedly real scammers and fair posters that act out of good faith or genuine worry. As yours truly is generally addressed as sock-puppet or rhetoric monstrum, I shall refrain from arguing about truths, as with any kind of fundamentalism or overly emotional disagreement, you cannot longer argue reasonably. Instead, I will try to bring some humor to this otherwise disturbingly poor thread as a token of good intention and this I do in the form of some (annotated) definitions in the hope we all may benefit from this, or at least have a strong emotional reaction, like fun or dislike.

Fundamentalism - an ‘ism’ with no fun, too much damn, and not enough mental. Bart Ehrmann
(Fundamentalism and freedom of expression and enterprise are on a tensed foot, just as people that trust LEOcoin and those that do not, may start to develop fundamentalist traits while attempting to argue.)

Magic, n. - an art of converting superstition into coin. There are other arts serving the same high purpose, but the discreet lexicographer does not name them. Ambrose Bierce, The Devil’s Dictionary
(Fiat, or trust, is the art that we are attempting to learn in crypto-world.)

Crisis – a mechanism to create problems that cause circumstances beyond one’s control that again call for measures that otherwise would not have been accepted without huge protest
Global financial crisis – a fear, uncertainty and doubt strategy with the goal to reorganize property


Authority – the power to let others abide by your will
Media – Managers of perception that sell lies in order to make their audience believe that authorities protect them (instead of parasitize on them)
Trolls – persons that are sometimes similar to media workers
Democracy – form of government that protects the people for as long as they have the tool to set limits to the power of the authorities


Debt – that what lenders need so they can confiscate possessions without having to work for them
Interest – the price for borrowing money that previously did not exist
Credit – already spending the money that you still have to work for in the future

@all, I will not respond on this post – so take it or leave it.

Thanks for great post but troll will keep troll!
But as i say its life! 👍🏼

[Spoetnik]

My personal view on trolling, scam-calling and pumping …
-snipped-

Thanks for great post but troll will keep troll!
But as i say its life! 👍🏼

The guys behind this coin are accused of Fraud and an MLM scam and then had their bank accounts seized (last i heard) so.. that is "Trolling" ?
I don't think you know what the word means then.

It is what it is.. the outcome ? I have no idea.
Put it all on the table and be honest..

[o0o0]

pm from leocoin foundation for all to read. i dont believe in direct pm bs. be visible so here it is

what about your figureheads being past known scammers having bank accounts frozen etc. forget the other shit you posted we are questioning your peoples motives and credability. address those points.

also to be fair and transparent you forgot to define zealot shills. you cant have trolls without your zealot shills like cryptoteaider16 come now get off that high horse and tell the truth or are you a fibber

This may be a discussion you rather should have with those 'figureheads', and not with me. I came to the LEOcoin Foundation from the miner community. And for what it is worth, I do partially understand the aversion against a digital currency backed-up by people that are active in the direct selling industry, but otherwise do not share these views on them being scammers; otherwise I would not have chosen to advocate LEOcoin.

And for the record, Cryptotraider16 is not paid by me or the Foundation, and I doubt if he is paid by anyone else. He is neither my sock-puppet nor my spokesman, but a person that I have never personally met and who happens to be the owner of a substantial sum of LEOcoin, which he acquired on the market. In a way, a zealot shill is a reversed troll, but both seem a tad extreme to me.

I had to look up 'fibber' in the urban dictionary, as I am a non-native English speaker. I am not under the impression that I have never lied in my life, but I certainly do not qualify as fibber, but thanks for pointing me at a new word.

As I represent the LEOcoin Foundation and not a MLM group, I cannot go into the alleged scam issue. I know that most of the premine has been distributed to LEO members and that we as Foundation work hard to get digital currency to the masses. Later this year, we will come with a new road map and I will also be able to look into the LEOxChange a bit more detailed. Thus far, my experience is, that they are aiming to be - are are - fully compliant with KYC and AML directives. This is something most crypto-exchanges cannot say.

[o0o0]

My personal view on trolling, scam-calling and pumping …

Digital cash is an experiment with money. Due to its power to create tokens in a cryptographically secure way that ensures that it cannot be copied or forged, digital cash is fast, safe and depending on the coin: relatively private and deflationary in nature. Some are also decentral and democratic.

In a free market environment, any company, institution or group of stakeholders can opt to create, promote and use disruptive technology, and if they do well, the market will determine the value of their undertaking. This means that from new start-ups, ex-bankers and scammers to genuine businesses, can give it a try. Even companies that use direct selling as their distribution strategy for products and services.

As with any new initiative, there will be differences in view on how to evaluate such initiatives. Competitors will point at weaknesses, in order not to lose market share or investors. Governments will regulate, in order to be able to avoid a democratic money system outside of their control. Banks will study and learn so they will know how to protect their ways of money creation as long as possible. The establishment will obfuscate technical developments by using terminology that is hard to grasp for non-experts, or emphasize dangers, while at the same time hiding the innovative improvements that might help to deal with failing systems in the global financial and monetary areas.

This said, a thread like this shows all of the above elements, it has the established posters, trolls, pumpers, real or allegedly real scammers and fair posters that act out of good faith or genuine worry. As yours truly is generally addressed as sock-puppet or rhetoric monstrum, I shall refrain from arguing about truths, as with any kind of fundamentalism or overly emotional disagreement, you cannot longer argue reasonably. Instead, I will try to bring some humor to this otherwise disturbingly poor thread as a token of good intention and this I do in the form of some (annotated) definitions in the hope we all may benefit from this, or at least have a strong emotional reaction, like fun or dislike.

Fundamentalism - an ‘ism’ with no fun, too much damn, and not enough mental. Bart Ehrmann
(Fundamentalism and freedom of expression and enterprise are on a tensed foot, just as people that trust LEOcoin and those that do not, may start to develop fundamentalist traits while attempting to argue.)

Magic, n. - an art of converting superstition into coin. There are other arts serving the same high purpose, but the discreet lexicographer does not name them. Ambrose Bierce, The Devil’s Dictionary
(Fiat, or trust, is the art that we are attempting to learn in crypto-world.)

Crisis – a mechanism to create problems that cause circumstances beyond one’s control that again call for measures that otherwise would not have been accepted without huge protest
Global financial crisis – a fear, uncertainty and doubt strategy with the goal to reorganize property


Authority – the power to let others abide by your will
Media – Managers of perception that sell lies in order to make their audience believe that authorities protect them (instead of parasitize on them)
Trolls – persons that are sometimes similar to media workers
Democracy – form of government that protects the people for as long as they have the tool to set limits to the power of the authorities


Debt – that what lenders need so they can confiscate possessions without having to work for them
Interest – the price for borrowing money that previously did not exist
Credit – already spending the money that you still have to work for in the future

@all, I will not respond on this post – so take it or leave it.

Thanks for great post but troll will keep troll!
But as i say its life! 👍🏼

whats the opposite of troll?

[LEOcoin Foundation]

pm from leocoin foundation for all to read. i dont believe in direct pm bs. be visible so here it is

what about your figureheads being past known scammers having bank accounts frozen etc. forget the other shit you posted we are questioning your peoples motives and credability. address those points.

also to be fair and transparent you forgot to define zealot shills. you cant have trolls without your zealot shills like cryptoteaider16 come now get off that high horse and tell the truth or are you a fibber

This may be a discussion you rather should have with those 'figureheads', and not with me. I came to the LEOcoin Foundation from the miner community. And for what it is worth, I do partially understand the aversion against a digital currency backed-up by people that are active in the direct selling industry, but otherwise do not share these views on them being scammers; otherwise I would not have chosen to advocate LEOcoin.

And for the record, Cryptotraider16 is not paid by me or the Foundation, and I doubt if he is paid by anyone else. He is neither my sock-puppet nor my spokesman, but a person that I have never personally met and who happens to be the owner of a substantial sum of LEOcoin, which he acquired on the market. In a way, a zealot shill is a reversed troll, but both seem a tad extreme to me.

I had to look up 'fibber' in the urban dictionary, as I am a non-native English speaker. I am not under the impression that I have never lied in my life, but I certainly do not qualify as fibber, but thanks for pointing me at a new word.

As I represent the LEOcoin Foundation and not a MLM group, I cannot go into the alleged scam issue. I know that most of the premine has been distributed to LEO members and that we as Foundation work hard to get digital currency to the masses. Later this year, we will come with a new road map and I will also be able to look into the LEOxChange a bit more detailed. Thus far, my experience is, that they are aiming to be - are are - fully compliant with KYC and AML directives. This is something most crypto-exchanges cannot say.

You may not belief in privacy of correspondence, but this violation of yours, by publishing something that clearly was meant private, sets you outside of civilization. And the fact, that you do this anonymous, also makes you a coward. This taken together, would let me ask - as reader on this forum - why we should take your words serious at all. Fighting as Don Quixote against your imagined windmills is your problem, but when you start to use unsound weapons, you disqualify as dialogue partner.

[Spoetnik]

Foundation guy..
Care to comment on the topic ?
How about your scam topic here made by some other guy in the scam section ?
Your diversionary double talk crap routine is infamous LOL
..a lot of noise while saying nothing.
You should teach that to your shill here.. he's quite the idiot clearly.
He seems to know only 4 or 5 sentences in English.

Oh and where did the 40 million go ?
And why was it not in the ANN ?

It said 50 was premined for the foundation but the Foundation "holds" only 10....
then there is no other mention of it on the ANN topic.
Later the shill here showed up to say it was paid to the MLM ponzi members.
Which is scammy if it was even true LOL
Then i posted a chart showing your MLM rewards system which the shill was trying to say included payments of coins.
So..
Which is it ?
Where did the 40 million premine go and was it all staked for years on end ?
Make another million staking ?

[mladenbabic]

Spoetnik my troll kid!

You understand how POS work? We have many coin for staking, what is your problem? Because you are poor?

[PikachuYou]

Spoetnik my troll kid!

You understand how POS work? We have many coin for staking, what is your problem? Because you are poor?

The problem lies in the fact that you paki bastards can barely string 2 coherent sentences in English and you are then pretending  to be supported by the British government to con gullible people to buy into your little scammy scheme.

I will now leave the floor for Spoetnik to rip you a new one, sock puppet account of cryptotraider16.