After a month's silence AML Team finally responded on my demand for a refund with an email with newly constructed refund policies that didn't exist when I made the purchase on OCT 6th 2017. The documents say offer to give me the dollar value of ETH on the day of purchase so NAC Foundation can keep the 5x market appreciation of Ethereum in that period.
They're forgetting that I downloaded every document on their site that day. These documents did NOT exist on the site so they are NOT binding to investors who made a purchase that day.
If you're in the same situation as all of us early investors who have been badly screwed by NAC Foundation, Amlbitcoin and their team in this ICO, PLEASE DOT NOT accept to be cheated of the market appreciation on Cypto currencies you contributed. They either give you the exact units or nothing more or less!
If you gave NAC USD, they should return exact amount of USD.
If you gave them BTC, LTC, ETH, they should return exact number of units you send them!
I'm having my legal team deal with them.
WHY DON'T THEY JUST LIST THE COIN ON THE EXCHANGE SO WE'RE OUT OF THIS ENTIRE MESS!
I CAN ALMOST GUARANTEE YOU THAT DAYS FROM NOW, THEY WILL EXTEND THE ICO TO MARCH 15, APR 15 and even OCT 15 2018.
GOD! WHAT A MISTAKE INVESTING MY LIFE SAVINGS AND BORROWED MONEY IN AMLBITCOIN!
It took a while until the coins are in. I think this Coin will rule because of it is identify based.
You may be thrilled about it but I'm totally against it for a lot of economic and scientific assessments I have made. I'm one of the early investors on OCT 6th that is pissed for for how poorly this ICO has been run. Since investing on OCT, 6th I have done lots of personal research on the economic viability of this project versus others on the market===the result is nothing but REGRET! Most of my findings have been heavily negative and for now, I will keep the PDF report to myself. I wanted to get out when they promise to end the ICO on Nov 15th--they instead extended phase 1. They then promised Dec 15th to list on HitBTC, NAC team changed their mind again and decided to push this further. AND DOES ANYONE HERE FEEL STARVED FOR INFORMATION? This thing my go a full 12 months of crowd funding! I can almost guarantee it! But the promise will be next month and the next.
I sent 3 separate emails to
Info@amlbitcoin.com over 24 hours ago and they have still NOT been replied! I DO NOT WANT ANYTHING TO DO WITH THIS PROJECT! I WANT ALL MY ETHERS BACK! PLEASE RESPOND TO MY EMAILS . THANK YOU!
I got the same refund form, which even though it has a 'No Admission of Guilt" clause, opens with a statement saying that you have have commited acts ranging from defamation to extortion. The more time goes on, the shadier this project looks.
The first BIG red flag (aside from the constantly shifting timelines) was the request to send KYC via email. How are we ever supposed to trust a company with our PII if they don't even understand the fundamentals of data security? It's worse that Equifax, which is hard to beat. They might as well have put up a big poster saying..."Hey identity thiefs, come and hack our email servers for a bonanza payout!!!"
There are automated API driven services you can use for KYC, as recently demonstrated by PolyMath, who incidentally are fully AML/KYC compliant and conducted their launch within 6 weeks. NAC appear to be little more than con men.
I've refused to sign the agreement, and would like a full refund in ETH. The fact that they want to refund in $$ also begs the question...have the already cashed out, or are they just trying to creme the profits from inflation? Any above board ICO puts the funds in escrow until the sale is completed, so why can't they refund in the original currency? Oh yeah, I know why! I don't even have to say it. You already know.
I'm glad I only invested 2 ETH in this project. At this point I don't give damn about the loss. I want to see some justice. If any of you feel you've been truly wronged by AML Bitcoin's dubious business practices, I suggest you report them to the SEC:
https://www.sec.gov/tcr
