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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: How to Identify a Ponzi  (Read 59995 times)
nrd525
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November 14, 2017, 01:39:04 AM
 #101

In the US you can report ponzis to the SEC. I just reported BitConnect (not entirely sure it submitted properly - so if a couple other people would like to do this as well, that would be great).

https://denebleo.sec.gov/TCRExternal/questionaire.xhtml

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nrd525
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December 20, 2017, 11:28:37 PM
 #102

This account is mostly focused on exposing BitConnect.
https://twitter.com/bccponzi

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December 21, 2017, 08:26:39 PM
 #103

USI Tech looks like a ponzi.
https://www.coindesk.com/texas-slaps-bitcoin-investment-firm-cease-desist/

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January 01, 2018, 08:17:49 PM
 #104

I reported the BitConnect reddit to the reddit admin(s) and encourage you to do the same.

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January 06, 2018, 07:57:50 PM
 #105

Texas regulator rules against BitConnect.

https://cointelegraph.com/news/texas-regulator-orders-bitconnect-to-cease-and-desist-marketing-securities

Their end might be near!

I also reported them to Cloudflare which is going to forward it on the web hosting provider.  Cloudflare should ban their website completely.

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nrd525
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January 15, 2018, 01:56:22 AM
 #106

BitConnect is down for the past two days.  Also, did Cloudflare drop them?  They claim to be under DDOS attack.  And a second state ruled that they were selling illegal securities.

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nrd525
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January 20, 2018, 03:41:09 AM
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 #107

List of ponzis and ponzi ICOs.
https://www.cryptolendingprograms.com

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January 27, 2018, 05:07:04 AM
 #108

BitConnect was so successful in stealing users money that it has inspired multiple copy cats like EthConnect and Bitstrades (the latter has done paid ads on both CoinMarketCap and ccn.com).

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nrd525
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February 07, 2018, 10:50:52 PM
 #109

Davor Coin has ended their ponzi. 

Looks like USI Tech is ending too.

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March 13, 2018, 05:10:38 PM
 #110

Anyone has any info about Davor? The website still works but nothing happens. Even I invested there. Does anyone have any info about them, are they planning to come back, what to do with their coins? I have been trying to withdraw coins but they have blocked withdrawal. Any info would be appreciated.

CRYPTOSHIB ❱❭ REVIEWS, RATINGS, ICO, AIRDROP, BOUNTY, NEWS  (https://cryptoshib.com/)
nrd525
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April 03, 2018, 07:03:30 PM
 #111

Is there a specific Lending Program that you are asking about?  Lots of places have "lending" and many (or probably most) are scams.  Bitfinex and Poloniex are two exchanges that you can lend without being scammed.  Though you still risk getting hacked.

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April 19, 2018, 07:13:00 PM
 #112

Steemit - isn't a ponzi.  I think it is more of a pyramid.  The danger is that probably most people (other than the founders who are probably rich) have "invested" more money in buying Steem Power than they have got out of the website. It's a classic MLM deal where you have to invest money in the product / token that you are unlikely to get back -- and in this case the more you "invest" the greater your return.

Now it is possible that Steemit rides the next crypto bubble and makes everyone rich. But it is more likely to slowly fade away as people realize they are losing money on the site.

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April 20, 2018, 08:51:01 PM
 #113

South Korean "bitcoin trading" pyramid scheme fined $20 million:

https://www.coindesk.com/bitcoin-pyramid-scheme-amassed-20-million-in-south-korea/

I wouldn't be surprised if there were a large number of these associated with the 2017 bull market that we haven't heard of.  It can be hard to distinguish them from companies/projects that are actually investing/holding bitcoin - until the bull market breaks and the guaranteed return stops.

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July 14, 2018, 01:35:56 AM
 #114

Class action suits against YouTube and BitConnect promoters.

https://www.youtube.com/watch?v=c7B7aVjoHOI

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nrd525
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September 13, 2018, 06:51:31 PM
 #115

Josh Garza is going to jail.
https://www.coindesk.com/landmark-crypto-crime-case-ends-with-jail-sentence-for-gaw-ceo/

Don't day trade.
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