Westland Storage and WLS - Ponzi scam

[theghostok]

It's all red flags in this project. First, when you navigate the site, all you see is testimonials, videos and other material trying to lure you into “invest” in it. Sure, sure, that's called marketing. But even inside your dashboard you're flooded with notifications about some random people uploading reviews.

If for some reason you decide to invest on WestlandStorage, you're required to send exactly the amount of BTC, ETH or whatever you're willing to say goodbye. If you manage to miss even a satoshi, the system will be unable to process your request. How hard is to write a servlet that listens to an address and process the deposit made?

Then, you go to check the FAQ, only to discover that your investment will be locked for at least 40 days, and then, you'll be allowed to withdraw only 50% of the deposit. Even in North Korea this kind of abuse is illegal.

You're lured on a promise of a ROI of a daily 1% (although it's more like a weekly 6%). Another red flag. There's no way to make that kind of money unless you're running a Ponzi.

I've decided to research this a little more. I've made a small deposit back in April: 0.229 ETH. Not a lot back then. Guess what. Fourty days had passed and today I tried to contact the guys behind this, via Telegram, via email, via Twitter. No one is there.

Did I mention that, just after my registration and deposit, I've received an email from a Yahoo account demanding some more money to cover for gas?

The last red flag? Go check the registration info on the domain. Talking about that, doesn't sounds weird the word “Storage” for a startup that claims to buy real estate? It's almost like they bought a random expired domain and exploited its popularity, isn't?

Oh, and before you shills start trying to deny it all, I have several FAQ pages stored on Internet Archive. Yeah, they've changed the penalty fee on withdrawals from 25% to 50% overnight. Don't you believe me? Go check out by yourself. Do your own research.

[1715468045]

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[ojosamsom]

Am unable to withdraw from westlandstorage.com please can someone help me out

[jacafbiz]

Thanks for shedding light on this scam.
But what I personally don't understand is how people come across most of these scam sites, because hardly would one browse through this forum hat one won't find a project tagged scam in a day. People are getting vulnerable to most of these scams before they are looking for free money, but there is nothing free

[theghostok]

By the way, this is how the transaction log looks. It is just a span tag! No links. Nothing to be able to trace it to an actual txid.

[chankrish]

I am not sure what exactly happened over there, however, for me it has been a bit different. I see that you had invested a bit earlier than when I have but I do keep getting 1% returns on my XRP. I am not sure how long it would last, but considering the fact that I have actually given up on my XRP for other obvious reasons, I thought I'd play with it to see how things work !!

[theghostok]

Update: I tried contacting the «team» over Telegram, Twitter, even via telephone. Guess what. Those Telegram profiles are just bots, they're not humans. Twitter is the same, just a no-reply account. And regarding phone number: no one answers! You can keep calling, and calling, and calling. No one's there to pick up and say hi.

The entire webpage is a big scam. We are lucky to at least be receiving a small amount of our money every day. In like 62 days we will get back our money, and we can then consider ourselves fortunate enough.

As for me, I already alerted Ronald Noble (ex Interpol director) via Twitter DM, and he's working behind the curtains to bring those guys into prison. But don't cheer up too soon; they doesn't even live in UK.

[DarkeyRaul]

i invested in westland and when i withdraw the money arrive

[nutildah]

I just wanted to point people to this other thread, has some more information about this Ponzi:

https://bitcointalk.org/index.php?topic=4134320.40

And also there's an active Telegram group you can check out if you want to contribute to an ongoing investigation involving English and Dutch authorities:

https://t.me/west_landstorage

Sounds like over $30 million was taken before these guys suddenly closed up shop and drifted away into the night.

[tterrorpipa]

I can say that this is a pure scam. They have a new and innovated way to scam other people. Like the last which was totally obvious, now its not. Beware to those users that are planning to invest on this.

[nutildah]

I can say that this is a pure scam. They have a new and innovated way to scam other people. Like the last which was totally obvious, now its not. Beware to those users that are planning to invest on this.

You can't invest in it anymore because the whole thing has gone belly-up already. The website's been shut down -- there's nothing to invest in. There's only a bunch of people who got suckered into into a con.