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Author Topic: African kids with AKs and 663 million bucks. Scam STO Bolton Coin  (Read 740 times)
shitcoinoffering
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February 06, 2019, 12:43:07 PM
Merited by The Pharmacist (2), tmfp (1), aundroid (1), ICOEthics (1), cruso (1)
 #1

Read the original article at https://shitcoinoffering.com/african-kids-aks-663-million-bucks-scam-sto-bolton-coin/



The fraudsters are already into new hype – STO. Learn how to check these startups for inconsistencies with legal norms.

 

STO (Security token offering) right now is called the only right solution for startups on the Blockchain. After all, ICO (Initial coin offering) already pissed everyone off with their idle mess and super high probability of scam.

 

In a nutshell, why STO wins over ICO in investors’ money safety. STO is tokenized securities. And buying them, you become the company shareholder. This is not an ICO, where the shitcoins could only generate income due to speculation on the stock exchanges. In all other cases, these were chewing gum wrappers with doodled Lambos. You eat gum and left a  wrapper. But it will never be real Lambo.



With proper investment in STO, the chances for Lambo are bigger. And in the case of the fraud from startups' founders, pretty authoritative offices will mediate for you like SEC (US Securities and Exchange Commission).

But there are a few “but”:
- You can't invest in STO if your annual income is less than 200 thousand bucks
- You don't have $ 1 million bucks worth of real estate.
- Your organization doesn't own assets for 5 million bucks

That is why, dear schoolers, giveaway-guys, and unemployed cryptoshitters, in  STO there's no chance for you.

So does it mean that shitcoin era over? Long live transparent and honest Blockchain?

Judging by STO Bolton Coin https://bfclcoin.com —  no fucking way:)



Let's start with the fact that Bolton Coin is a subsidiary of Bolton Holdings Limited. Here is their official website. You won’t understand shit from it, except that the guys are based in Dubai. And they have a very odd email address.



Another Bolton Holdings in the Bahamas.



And in Wales.



As for Bolton Coin, the website is located in Switzerland. The company that produces tokens is registered in the Cayman Islands.




Let's agree that all this looks too odd for a company that decided to obey the laws and make investors happy?

https://www.youtube.com/watch?time_continue=59&v=3BBJejtwNUE

From this video, you absolutely can't understand what the company offers. Brokers, calls, stocks - everything and nothing in particular. But the first screen of the landing page shows us that the startup has collected some long money.



And you need to hurry up to jump into the outgoing train. Just look at this calculator of pure happiness. From my experience, that this is a strong indicator of a scam project. A common thing for shitcoin startups.



According to the economic model (like many other things, you can find it in whitepaper), the startup founders say that they have found the best and most cost-effective conditions for miners (we already heard this somewhere). And STO doesn't hold for citizens of China and the United States.




Stop! Such formulation tells us that this is not the STO we mentioned at the beginning of the post. It turns out that here everything is written in water, and hit up lemmings won't be able to prove anything later. LOL



Bla bla bla. The reward for spam, loud statements about smart, cheap, and stable things. My God, there isn’t a single sentence without a scam stamp!

 

And yet, Bolton Coin outlined 3 areas they will make money in. The first is real estate. The guys claim that the market continues to grow, and they know where to invest in. And in general, they will earn all the money in the world because they will pay for real estate in cryptocurrency. That’s it. It turns out that a room in Manhattan costs more if you pay for it with XRP:)

 

The second area is mining.



The guys drew a picture but forgot that to mine crypto in a bear market is not very profitable. But just like the scammers from Swiss Alps Mining, this doesn’t stop them. They claim to have the most advanced knowledge of energy saving, video card cooling, and other stuff. Of course, without any clarification. Why, if they will find losers anyway?



The third area is mining in Africa. Now 10-year-old kids will go into the mines to get cobalt under the supervision of AKs engraving with Bolton Coin name on them. This wasn’t in the whitepaper. But there is no additional information. Just everything we already knew: cheap labor, resource-rich land, and so on.



In total, guys want to collect 663 million dollars. 30% of the total amount will go to every of the three areas. The remaining 10% is for other expenses.



For investors, there are three options for doing business. It looks like a deposit in a bank —  the more you hodl, the higher the percentage of accrual.


And here they draw the California dream of hustling.


But how the fuck cryptocurrency is related here? Why is there a Blockchain? It looks like the prospector are going to Alaska, and the whalers are going after Moby Dick and collecting money for these expeditions. So how does this fucking mess differ from other ICOs?


Looks like there’s no difference at all. And this is not an STO but a big fat scam. If you didn’t have enough of the previous arguments, look – this is how the project founder’s LinkedIn profile looks like.


An Instagram account is also deleted. Only facebook account works. And most likely was created for the start of the project.

The other team members have same story. The former COO, for example, didn’t even mention relation to Bolton Coin. But we can guess the nature of his activities — something in between Drake and Godfrey.


The Chief of Advisors and the Chief Legality Business worked together on the already dead UMC project.  Interestingly, how many people were hit up for money there?

And finally, attention please, telegram channel of the project that collected almost 100 million bucks and plans to collect another 500. This is the STO we deserve.


Share your thoughts, what is the future of startups in cryptocurrency? Leave comments and subscribe to our social media pages.

By subscribing to our newsletter you confirm that you cannot be fooled by shitty startups, but you knew that, didn’t you?

In Blockchain we trust!


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February 07, 2019, 04:10:48 PM
 #2

What makes you so sure this is a scam project? I see some red flags too but that probably accounts for most crypto projects. In this case I see a real company behind this project where most ICOs have zero business experience.

So what made you come to that conclusion? After reading your review I noticed most of the analysis is based on assumptions instead of hard facts...don't get me wrong, I think it's good to warn investors from potential scams...

I just don't see it here yet...but looking forward to hear your point of view.

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February 07, 2019, 05:43:06 PM
 #3

What makes you so sure this is a scam project? I see some red flags too but that probably accounts for most crypto projects. In this case I see a real company behind this project where most ICOs have zero business experience.

So what made you come to that conclusion? After reading your review I noticed most of the analysis is based on assumptions instead of hard facts...don't get me wrong, I think it's good to warn investors from potential scams...

I just don't see it here yet...but looking forward to hear your point of view.

There is not even any difference. From the perspective of an investor, I will not invest my money even if there is even a single red flag. These "soft facts" are enough.
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February 09, 2019, 05:54:42 PM
Last edit: February 09, 2019, 06:26:57 PM by BFCLCoin
 #4

Here BOLTON Coin OFFICIAL REPLY

Valued Customers, Shareholders,

Dear All,
We have recently been informed that a small unknown blog posted a defamatory post about the Bolton Coin project and some of the people involved in the Project. The blog post is completely false and totally outrageous.
The author of the blog post is unknown, they have not provided any of their details, so we cannot even respond to the allegations.
If one is being accused of any wrongdoing, it is normal that the accused is provided an opportunity to explain. We are not able to do so, as the cowardly author of the defamatory blog post is hiding behind an anonymous screen name.
On the contrary, each of the professionals involved with the Bolton Holding Group maintains an open LinkedIn profile, where they clearly identify themselves and can be contacted by any person.
Neither, myself, nor any of my team members have anything to hide.
Now, to address the content of the Article:
Firstly, the allegations are so outrageous, that anyone with any common sense will see through that;
Secondly, the author of the blog post mentions several legal entities that are in no way related to the Bolton Holding Group;
Moreover, the author of the blog post is using some old and irrelevant information to come to a conclusion that Bolton Holding Group is not a legitimate project.
Before coming to any conclusion, please ask yourself:
Would an illegitimate Company receive a pre-approval from the UAE Central Bank for a banking license?
 Would an illegitimate Company openly and proudly hold a launch event for its Foundation, hosting local and international media, business community as well as members of the Royal Families?
Would an illegitimate Company have a presence in multiple jurisdictions, including licensed and regulated entities?
The answer is be obvious.
The reputation and the good name of Bolton Holding Group is something we are proud of, but we also must be mindful not to give legitimacy to the empty and outrageous allegations. Therefore, we will not publicly address the defamatory blog post.
We are continuously working on improving the project and we are launching a updated website, updating the Business Plan considering the current economic realities, detailing the milestones reached to date, and updating the road map for the next 24 months. We have an exciting road ahead with a lot of work and business challenges to handle, we cannot allow ourselves to be distracted by some anonymous blog post that is making ridiculous and outrageous allegations.
We look forward to keeping you updated on the progress and we thank you for your continued support.

Dr. Roberto Diomedi
President and CEO, Bolton Holding Group
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February 09, 2019, 08:06:41 PM
 #5

if here is problem with Transparency & "Fake team", this is youtube channel - https://www.youtube.com/channel/UCvuB4ZrgOp5BgEVCpB1JqWg

and if here is Italian person (trusted) can give us information about this team.

in my country Linkedin is New, and on linkedin is only 0.06% of georgian people. and for me New Linkedin profile issnot Big allert.

i dont know about future of Bolton coin, and holding, but  i like all team with Transparency.


i want to join in bounty, but its risk for my trust?


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February 09, 2019, 08:15:18 PM
Merited by allyouracid (1)
 #6

<snip>
The author of the blog post is unknown, they have not provided any of their details, so we cannot even respond to the allegations.
If one is being accused of any wrongdoing, it is normal that the accused is provided an opportunity to explain. We are not able to do so, as the cowardly author of the defamatory blog post is hiding behind an anonymous screen name.
<snip>
When you start off attacking the whistleblower, it never looks good.  Just saying. 

<snip>I will not invest my money even if there is even a single red flag. These "soft facts" are enough.
I agree, not that I'd ever invest any money in these things anyway, even if there were no red flags visible.  With the number of scams going on in the ICO space, if there's even a hint of dishonesty you should run away as fast as you can from the project.

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February 10, 2019, 11:15:16 AM
 #7

Leaving this here just in case - BOLTON STO IS NOT SCAM !!!

I just found this thread so thought I would post the link here. Seems like someone here is willing to defend the team and posted screenshots of the same message by the admins posted on their telegram. No surprise here since the scam initiator has to keep his koolaid crew brainwashed in order to keep control over the money coming in.

No idea how the OP of that thread is related to the scam ICO team but since they are wearing their signature probably they are a bounty participant and thus their blood saturation of koolaid is very high.

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February 10, 2019, 04:57:01 PM
Merited by logfiles (1)
 #8

~
...
The company that produces tokens is registered in the Cayman Islands.


...


Interesting fact about their company in the Grand Cayman Islands.

There are many other companies (and few people) registered on the same address (links below).
This one, for example, is registered with the U.S. SEC in 2018 -  mailing and the business address is the same as BoltonCoin




Source:

http://pdf.secdatabase.com/1136/0000919574-18-002571.pdf
https://www.sec.gov/Archives/edgar/data/1481026/000091957418002571/xslFormDX01/primary_doc.xml






Other business and people with the same address:

https://opiria.io/#whatIsPdataNav
http://www.realthium.com/
https://etherscan.io/verifySig/1174
http://www.hmscayman.com/contacts/
http://flagcayman.com/contacts/
https://www.locatefamily.com/Street-Lists/Cayman-Islands/index-110.html
http://laws-in-force.judicial.ky/pdf/Current/P/83.pdf
https://www.nsx.com.au/ftp/news/021734552.PDF
https://www.offshorecompanycorp.com/structure
https://www.bloomberg.com/quote/HBMPNHC:KY

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February 10, 2019, 05:15:57 PM
Last edit: February 11, 2019, 07:59:56 AM by logfiles
 #9

<...>
Nice find @ICOEthics. Something so fishy about this so called STO. They will be put down very soon once and for all.

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February 10, 2019, 05:57:22 PM
 #10

The "Daily Payouts" gave it away from what it looks like they are more like a cloudmining website/HYIP site rather than a company with a STO. The payout rates are similarly structured on the past cloudmining websites I have seen. STOs are like stocks of a company and dividend payouts don't go often as much to become a "daily payout", with a promise like this companies won't last with their profit sharing method which is the biggest red flag that this is a scam.

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February 11, 2019, 01:12:58 PM
 #11



Thanks mate! Good job Shocked

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February 11, 2019, 01:41:59 PM
 #12

Before you come up with accussations of that kind of gravity you should at least be able to get basics of the company right that you are covering. Instead you simply throw a bunch of similiar sounding but not related companies together and make connections when there are none. This whole things appears to be fabricated. May I ask how much time did you spend on this review and more importantly, has this been a paid review? That would explain a lot here.

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February 11, 2019, 03:23:31 PM
 #13

Before you come up with accussations of that kind of gravity you should at least be able to get basics of the company right that you are covering. Instead you simply throw a bunch of similiar sounding but not related companies together and make connections when there are none. This whole things appears to be fabricated. May I ask how much time did you spend on this review and more importantly, has this been a paid review? That would explain a lot here.
Boy did you even read the other posts before you even come up with this statement? What more could you ask for aside from them using a fake address which have been used by other "companies" as well as having unbelievably high payouts? Aside from that they haven't shown any proof that they have physical mining hardware in any part of their marketing, does that not feel strange to you? If it isn't strange to you, you among all people would be likely be a frequent victim of this kinds of scams.

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February 11, 2019, 05:25:13 PM
 #14

Great research work mate..  I realized they were spamming in telegram channels to promote their SCAM ICO.. when i asked in their channel about this spamming, they just banned me. Summarizing i trust 0,0% this project.


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February 12, 2019, 04:23:22 PM
 #15

Thanks for pointing this out guys!
The project already seemed pretty fishy to me as well.


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February 13, 2019, 03:02:29 PM
 #16

Thanks for your comment Smiley

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February 13, 2019, 03:43:38 PM
 #17

I thought the team was going to be more serious and provide more evidence against this accusation.
The team can be real, but what about the rest? such as explain about their address in the Grand Cayman Islands.

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February 14, 2019, 02:58:31 PM
 #18

I thought the team was going to be more serious and provide more evidence against this accusation.
The team can be real, but what about the rest? such as explain about their address in the Grand Cayman Islands.

They did not even contact me in Telegram or other media... I can see there only 2 reasons:
1. They don't fucking care about negative news.
2. They don't fucking care about all.

Mr. ScamKiller - Shitcoin Offering Wink
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February 15, 2019, 11:04:35 AM
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February 15, 2019, 11:06:55 AM
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