CENTRA CTR SCAM - Founders Arrested

[Bowtiesarecool]

New thread created about this possible new scam for those who want to chip in: https://bitcointalk.org/index.php?topic=4873091.new#new

[liseff3]

Information presented by OP. It's been interesting to observe, which's also a learning material for all of us so that we aren't trapped by the next generation of CENTRA CTR which's likely to come back in the future.

[Saidmod]

Information presented by OP. It's been interesting to observe, which's also a learning material for all of us so that we aren't trapped by the next generation of CENTRA CTR which's likely to come back in the future.

This so called scam or fraud projects will not going to come back instead they will being alarmed with this case in centra that they should be aware of this before running the same style of money making coins without a proper legal process or entities was made before they run an ico.

[christina.arnigo]

I feel sorry for the investors who are the victims of Centra CTR for they are the one who lost a lot.  For sure they are panicking about this issue and this will be the start of their downfall. They cannot recover their investments they placed and broke the big dreams into pieces. This is the sad part of this story. The good thing is the founders was arrested and can be given justice for those innocent who were taken advantage. I hope this news will be a massive warning for those scammers out there that it is possible that one day they will caught and be arrested. They should stop what they are doing. 

[ckorbba]

I feel sorry for the investors who are the victims of Centra CTR for they are the one who lost a lot.  For sure they are panicking about this issue and this will be the start of their downfall. They cannot recover their investments they placed and broke the big dreams into pieces. This is the sad part of this story. The good thing is the founders was arrested and can be given justice for those innocent who were taken advantage. I hope this news will be a massive warning for those scammers out there that it is possible that one day they will caught and be arrested. They should stop what they are doing. 

I completely agree with you, because this is a serious precedent with respect to the punishment of scammers not trustworthy ico companies. The main thing is to bring the investigation to completion and put a logical point in the punishment for this crime.

[sorrros]

Arrested? I do not think so, I have heard that they have recently created another scam project and they will try again to steal some money from investors. 

[okocrypto]

Finally, vindication has come for members of this community who stuck by their guns and called out CTR for what it was; a scam.

Also, never trust celebrity endorsement: https://www.sec.gov/news/press-release/2018-53

CTR tokens are now in freefall: http://www.coinfox.info/news/9186-centra-founders-arrested-in-us-token-dips-by-60

This is the reason big investors do not see crypto as a safe place to invest. From one scam to the other. Regulation is what is needed to solve this menace.

[lee cooper]

Arrested? I do not think so, I have heard that they have recently created another scam project and they will try again to steal some money from investors. 

Apparently, their actions will not be a deterrent, they are still rampant to move, we must be more careful to avoid their fraud. But I also realize that they still need food to live, hopefully, they are given a halal favor.

[winterland]

Who could have thought Centra would turn out to be scam,  these guy really put a lots of work into deceiving investors!

Indeed, no one knows that Centra is a scam, we are also surprised and sorry about this incident, but this has happened, hoping that this incident will not be repeated and become a valuable lesson for us.

This kind of incident happens almost every single day in this market, most of the icos in the market are scams or projects created by people that do not have what is necessary to create a project that works, so as you see this is the reason behind what you are seeing in the market, many people are losing faith in icos and many are saying that they are never going to invest in an ico again.

[Makka]

I just noticed that Centra twitter is becoming active again. It seems like someone's trying to save this project. Or they are really serious in executing their plans? There's a swap happening soon if I am correct.

[btcmegastar]

Oh man.. I have lost all my investments and it will never go up again after the decision of delisting. I have invested 3 Ethereum in this project and the i have lost them all. Unfortunately i was late enough to sell earlier.

Don't lose hope. This will be a good lesson not to trust 100% on ICO even you feel it is promising. Make a new strategy to make your loss get back on track again. I feel really bad to all CTR holders and hoping they can get a jackpot on their next ICO investment.

Yes, we have to learn from our mistakes because nobody didn't expect that CTR is going to scam the people whatever the false promises they made to investors at the time of ICO. They don't have any relation with the Banks for generating Cryptocurrency card to the investors.

[patoshi]

Has the Centra team migrated to the spend.com ecosystem? Any legitimacy?

[John46285]

Yeah I've heard that and it was very disappointed for me. Cause almost my 40% capital was in CTR coin. I think it was my worst decision to buy this coin 

[MidnightWolf]

Yeah I've heard that and it was very disappointed for me. Cause almost my 40% capital was in CTR coin. I think it was my worst decision to buy this coin 

The fact is that these scammers have deceived quite a lot of people.  Of course, the participants of the Bounty companies received a very good profit, if they sold Which coins immediately after the company ico.  But the fact is that this coin was successfully traded on the stock exchange for a long time and therefore was able to deceive many more users of cryptocurrency.  I, in turn, also suffered because I was not paid a reward for the work done.  Although today my work was almost a crime, but I did not know that they were fraudsters.

[ssmith3160]

Has the Centra team migrated to the spend.com ecosystem? Any legitimacy?

The two projects appear very similar, I cannot 100% say that Spend.com = Centra, but there are many similarities.  The evidence is stacking up though

The idea is identical to Centra and has seemingly emerged out of nowhere

The official rebrand project, Phantom (XPH), now appears to be 100% abandoned, which would mean all of their time is now on SPND.

Phantom was built on the Ark platform, Spend appears to have also been built on the Ark platform.

Spend (SPND) has some pretty suspect executives on their "Team".  One of the primary deceptions of Centra were phony credentials and some outright fake people, would like to see some of the executives speak on an AMA or something just to verify who they are.

The marketing seems to be identical, using the same channels Centra used to promote itself and the same bounty participants commenting on their videos

There is some other non verified smoke as well, I have seen speculation in the comment section of a YouTube video that the former Centra CMO Chase Zimmerman is involved but nothing from the company or him to verify that.

[zgrdyg]

Centra, one of the biggest scams on crypto. They even got listed on binance and show fake cards.

It was endorsed from Mayweather Jr. I didn't see any project happen to be good after endorsed by a celebrity.

I hope they got a good punishment so new scammers would fear.

[the1arty]

Today there was some news about the next court date.
Does anyone know how the judges and court will find how many tokens you had? or they will check the received amount by each individual contributor? hmm

[Apaxy]

Today there was some news about the next court date.
Does anyone know how the judges and court will find how many tokens you had? or they will check the received amount by each individual contributor? hmm

and what if this company deceived a member of the Bounty company and did not pay remuneration at all?  The fact is that during the distribution of coins, I wrote everywhere and everywhere, but the result is zero.

[LogitechMouse]

Oh man.. I have lost all my investments and it will never go up again after the decision of delisting. I have invested 3 Ethereum in this project and the i have lost them all. Unfortunately i was late enough to sell earlier.

I remembered the time when Centra was announced that its a scam and the price of it on Binance plummeted in an instant. Now the developers/team are arrested already but the money will never go back. Those who invested and until now holding and hoping for a rise are now feeling regret because of what they did.

I think you must move on with what you have done. Like they always say, know the risk first before investing and at least now you know what you did was wrong . Do better research before investing on an ICO or just invest in top coins already to prevent being scammed.

[Yaunfitda]

Oh man.. I have lost all my investments and it will never go up again after the decision of delisting. I have invested 3 Ethereum in this project and the i have lost them all. Unfortunately i was late enough to sell earlier.

I remembered the time when Centra was announced that its a scam and the price of it on Binance plummeted in an instant. Now the developers/team are arrested already but the money will never go back. Those who invested and until now holding and hoping for a rise are now feeling regret because of what they did.

I think you must move on with what you have done. Like they always say, know the risk first before investing and at least now you know what you did was wrong . Do better research before investing on an ICO or just invest in top coins already to prevent being scammed.

Charge it to experience buddy. I'm sure a lot of people have lost as well, I know the feeling and it's really hard to comprehend what had happened, but everyone needs to move on and let this be a lesson and an expensive one to learn.

IEO are the main thing now, not saying that you have to invest right now, but if you are looking for other deals right now maybe it's about time to look at it as a better alternatives as compare to ICO.