Apollo Fintech's Gold Secured Currency [GSX] backed by Gold

[Crypto-Info]

Apollo’s incursion into Zimbabwe


Apollo Fintech is expected to help launch a resource backed cryptocurrency for Zimbabwe, a country plagued with fiat currency troubles.

According to Apollo Fintech’s various twitter handles, it had entered into an agreement with Zimbabwe’s largest financial services group, CBZ Holdings to develop and implement 3 of the tech firm’s national solutions for the southern African country.

According to Apollo Currency’s twitter feed, Zimbabwe’s CBZ had signed a memorandum of understanding (MOU) with Apollo Fintech.

Premature celebrations?

The news immediately generated excitement within Zimbabwe’s small but vibrant crypto community while the value of APL—the fintech company’s crypto token— also reacted to the news by rising by approximately 20% following the ‘breaking news’.

Interestingly however, CBZ is has not formally acknowledged this and efforts to get a comment from the company’s officials have so far yielded little almost three weeks later (at the time of writing.)

Furthermore, as the news began filtering through, the rumours at CBZ suggested Apollo’s Steve McCullah might have jumped the gun.

A key individual within CBZ Holdings could neither confirm nor deny if indeed an MOU had been signed while another official only commended alert journalists for bringing this (Apollo’s announcement) to the company’s attention and that the group would take things from there. Both individuals refused to be identified at this moment in time.

This lack of clarity about this potentially game changing solution has some crypto enthusiasts worried and matters are not being helped by Apollo’s past reputation.

Allegations of pump and dump

In the past, Apollo Fintech has had to bat away numerous accusations that it is running a crypto scam. Steve McCullah, Apollo’s co-founder has been accused of operating a pump and dump crypto scheme on the African continent.

In general, pump and dump is illegal in countries like the United States and in many other regulated markets. However, since the cryptocurrency market remains largely unregulated, it means this practice can go unpunished. Critics argue that McCullah might be targeting Africa deliberately because he is aware that just a handful of few countries there have the means to expose him.

Furthermore, opponents also cite the botched expedition into the DRC as one episode that exposes McCullah as a con artist.

In Zimbabwe, critics have questioned the approach used by Apollo where McCullah makes big announcements via twitter while nothing is officially announced by the Zimbabwean side. This approach seems to contrary to the usual way of doing things in Harare.

It is almost a Zimbabwean custom, in both the public and private sector, to use lavish and elaborate ceremonies when announcing MOUs or major milestones. In fact, anything that comes with positive media coverage is never delegated to a faceless social media point person.

Furthermore, announcing everything on Twitter is never taken seriously especially when nothing is seen happening ultimately.

Zimbabwe silence

A few weeks prior to the Apollo/CBZ MOU announcement, the crypto and non-crypto community had been given another dose of similar good news. Apparently, an agreement between the Zimbabwean government and an initially unnamed fintech firm was imminent.

The news had coincided with the changed approach towards cryptocurrencies and fintechs by the Reserve Bank of Zimbabwe (RBZ). A few days later Apollo acknowledged—via twitter—that it was the fintech firm in question.

Using the same modus operandi, Apollo has previously announced that it had signed an MOU with the Lesotho government and plans were afoot to sign similar agreements with a host of African countries.

Apollo’s APL token ranks at number 289 while its market capitalization is just under $10 million (at the time of writing) according coinmarketcap.com. The fintech company has have vigorously defended itself and even suggested that allegations that it’s operating a pump and dump scheme could be part of a smear campaign by a jealous competitor.

We do hope this is an opening for crypto into the country as will be a monumentous achievement, especially if ALL the claims made are verified. If not, well, it could cause more set backs for the industry in Zimbabwe.

Either way, until we have confirmation of facts, we will leave you to decide.




https://africablockchainmedia.com/news/apollos-incursion-into-zimbabwe/2020/03/31/

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[Crypto-Info]

Steve McCullah is a scammer, Apollo Fintech is a scam and GSX is a shit token/coin that you guys are locking up for years - for those who don’t know you can pick to lock up GSX for 1,2, or 3 years to receive huge returns! LOL 

By locking up you money you can no longer exit this scam.

[Crypto-Info]

The United Allied States is an invisible country, where Steve McCulah is the President (https://uas.govt.agency).

Without looking too far in similar cryptocurrency scams you can take a look at SAFEX, another coin endorsed by John Mcafee.
Daniel Dabek owner of SAFEX is also Liberland Ambassador for Serbia, Daniel and other scammers from Onecoin, Dascoin, Netleaders, & more are promoting their scam in the official Facebook page of the embassy.
https://bitcointalk.org/index.php?topic=1258419.msg56099244#msg56099244
Seems like those scammers are following the same agenda of scamming innocent people.
Remember when Liberland president was scamming refugees offering them passports for 10k USD.
http://sombor-blog.de/how-liberland-abuses-refugees-and-fools-the-world/
Apollo will probably do the same & scam poor Africans with fake United Allied States passport.

You nailed it SAFEXSCAM, spot on!


UAS is now charging $3500-$6000 to process applications to join United Allied States. This is a SCAM.

[Crypto-Info]

Lesotho Officials not heard from Apollo


A view that is held by one prominent African blockchain entrepreneur and educator who gave his opinion of about ‘shady’ Apollo’s MoU with Lesotho. The expert, who prefers to remain anonymous, says Apollo has not done anything concrete since announcing the MoU with the government of Lesotho in late 2019.

He tells us that Lesotho officials have reportedly not heard from Apollo and consequently, they are now wary of (and less hospitable to) individuals approaching government with proposals that involve or concern the blockchain.

The blockchain educator says he has encountered challenges as he attempted to start his blockchain education initiative in that country. He now blames Apollo’s no show following the MoU for helping to create a negative outlook of the blockchain space in Lesotho.




https://iharare.com/apollos-mccullah-pushes-back-against-scam-allegations/

[Crypto-Info]

Steves McCullah Dad is definitely in on the scam


Robert Leroy McCullah  - GSX Business Trust

"GSX offers the asset backing (currently estimated $3.2 billion USD)" <-------- SCAM

[Crypto-Info]

Steve McCullah being his normal contradictory self, saying one thing, then the opposite. To add to this, he then tells another lie.

Apollo Fintech claims GSX returns of 200%-500% in 2021! <-------- Isn't that illegal for you to offer your investment advice with your own company Steve? Not to mention only scams promote these returns. People bought GSX after reading your shit.






Steve attempts to clear things up:  Can a US citizen buy GSX?:





and then he says....






Is that clear for everyone? LOL Steve is on fire being a LIAR, I expect nothing less.

Steve says there are no refunds if you are a US citizen or not. But if you do buy GSX and are a US citizen there is nothing to worry about- trust Steve, he would never take someones money and not give then what they paid for. He is willing to break the law.

Ummm Steve, so you are happy to help someone break the law. Good on you, no responsibility. Then you take it a step further by stating  "all I can say is that it is not 'illegal' to buy from anywhere".. SORRY TO POP YOUR BUBBLE but YES it is.

You are not a registered security in the US so worse case scenario is a fine or jail time. However according to you "in the worse case if we determine that you were going against the terms and conditions then we would give you a refund. You would never lose your money".

Steve you just lied. Why would you say that? You just said there are no refunds regardless if you are a US citizen. Oh, I know why you contradict everything. Clear as mud?

You are a BIG FAT LIAR.

[Crypto-Info]

Steve is the President of the The United Allied States LOL (fake country)









More from Apollo Fintech: “…physical bills cost a large portion of a country's G.D.P. to develop and maintain. The use of digital currency will save the government millions on printing money. The U.A.S. is committed to directing these funds to improve the lives of its citizens and offer true freedom. It's clear that this new government has learned from the mistakes of previous leaderships and is ready to rectify matters…A currency that continuously gets backing from a precious metal like gold is bound to have a high value…The agreement is for Fintech to develop a gold-backed digital currency for the country…”

https://cryptodaily.co.uk/2020/08/uas-government-with-the-first


Have you really learned from your mistakes, or another lie?





Here, Steve talks about issuing a printed fiat currency. A quick change of mind on saving millions of dollars on printed money…oh and there is real 24K gold in it!!!! This is to “install confidence”…scam… by using gold as a lure with the African nation to buy shit. How do I know its shit, well Steve said so.

As Steve has already said, “These are gold backed bills that are literally made with 24K gold. They will be redeemable locally for pure gold or USD equivalent”…

So Steve, is it a waste of money (costing millions) printing fiat, or not? Because you just did the opposite to what you said. You printed fiat.

Then you “sell” the premise of these notes having 24K gold in them that are redeemable for gold or USD equivalent. This is trying to make it look like there is inherent value in it, there is not.

Read on for your own words Steve….

“… (notes) they are connected via the blockchain to each coin on the blockchain and when you want to convert the physical bill to a local digital asset you just scratch the bill and reveal the blockchain code”. Steve McCullah

Oh, ok… this concept isn’t new, but hang on a second Steve…

So the gold in the note magically moves into the blockchain right? The same notes redeemable for gold or USD equivalent? LOL The same notes you made costing millions of dollars and spent more money adding gold to it and then you added a “scratchy” costing more.  

The gold was suppose to add value…LOL…Are you are suppose scratch it off? LOL


A member of Apollo’s telegram did ask the question:





and Steve’s reply:





Ahhhh…in your words Steve McCullah “Gold value of the actual bill is only fractional. More to instill confidence in Africa and other places”…

I guess the gold in the bill is only a ruse to scam people into believing there is value, hoping they are going to use it. Your words Steven, “these are gold backed bills that are literally made with 24K gold. They will be redeemable for pure gold or USD equivalent…(the) Gold value of the actual bill is only fractional…to instill confidence in Africa and other places”. Guess the notes are worthless since there is minimal gold.

Doesn’t make sense does it. It costs so much money to print money, add 24k gold and then turn it into a “scratchy” just to have the note made useless once it is “scratched”. The 24K gold thing was just to convince poorer countries to use this new scam technology.

Got it, Steve McCullah is a scammer.

[FUD-HUNTER]

https://i.imgur.com/veLJf13.jpeg


I've been watching this FUDDER from the outside for a long time. This person is called the Phantom. This person is on a one man/girl crusade to FUD Apollo. Who in their right mind spends every waking moment FUDDING Apollo? there is some serious mental health concerns here.

My personal opinion is the Phantom is Paid by NXT to FUD.

Y'all watch this sick Phantom character.

PS: I'm a bag holder of APL, XRP, BTC and ICP.
 

[Crypto-Info]

https://i.imgur.com/veLJf13.jpeg


I've been watching this FUDDER from the outside for a long time. This person is called the Phantom. This person is on a one man/girl crusade to FUD Apollo. Who in their right mind spends every waking moment FUDDING Apollo? there is some serious mental health concerns here.

My personal opinion is the Phantom is Paid by NXT to FUD.

Y'all watch this sick Phantom character.

PS: I'm a bag holder of APL, XRP, BTC and ICP.
 

WTF? The Phantom LOL. What are you smoking?...wait...you must be a child?...the phantom...please...that was a rhetorical question, don't answer as you have said enough.

Your personal opinion is wrong, I'm not paid by anyone, I do this purely to stop SCAMS because sometimes people fall for such.

Feel free to argue any point I have posted, but do so with fact.



Steve is a liar and Apollo Fintech is a scam.

[Crypto-Info]

WARNING: Apollo Coin also a Security








"The other 50% of the gold bullion will go into backing APL"...nice- it just became a security.

[Crypto-Info]

Steve McCullah being CAUGHT AGAIN AS A LIAR

Apollo Fintech claims GSX returns of 200%-500% in 2021! Isn't that illegal for you to offer your investment advice with your own company Steve? Not to mention only scams promote these returns. People bought GSX after reading your shit.







And here is Steve being a LIAR and denying this on YouTube.

https://youtu.be/pGNvmOjfa3U?t=495



What can I say Apollonaughts.....You invested with the liar Steve. The next step for the SCAMMER STEVE is to create another project to take your money...like a NFT...something in DeFi, anything that is the flavour of the month. This is what a ponzi scheme does...you have been warned.

[Crypto-Info]

Proof Of Reserve - Proof of Audit


Apollo Fintech claim GSX and APL (coins) are backed by gold and various off the blockchain assets.

I hope I’m not the first to ask if there is Proof of Reserve and what independent 3rd party is auditing this?


Introduction

Apollo Fintech has structured GSX to be backed by off chain assets. In fact we find  “The most common form of stablecoin is backed by collateral held “off-chain” (i.e. not on the blockchain)…Stablecoins backed by off-chain collateral operate like a form of e-money, which leverage blockchain technology as a means of payment and store of value…The primary differences between stablecoins is the degree in which a centralized identity retains control over money supply (i.e. who controls issuance and redemption), and the basis of trust in the stablecoin itself (i.e. the underlying assets and technology)”…

https://www.dentons.com/en/insights/articles/2020/december/1/the-stablecoin-cryptocurrency-system


What would be missing is proof of reserve and more importantly an audit to confirm correct business practices over a period of time. There is no proof demonstrating any asset is backing GSX (or APL).


Proof of Reserve Introduction - Nic Carter

Proof of Reserves is the idea that custodial businesses holding cryptocurrency should create public facing attestations as to their reserves, matched up with a proof of user balances (liabilities). The equation is simple (in theory):

Proof of Reserves + Proof of Liability = Proof of Solvency

The idea is to prove to the general public, and in particular your depositors, that your cryptocurrency held on deposit matches up with user balances. Of course, in practice, this isn’t quite so simple. Proving that you control some funds on chain is trivial, but you could always borrow those funds on a short term basis.

https://niccarter.info/proof-of-reserves/


Jason Tyra (Proof Of Reserve is Not an Audit) explains “An audit is a wholistic series of procedures designed to ensure that management’s assertions about the business and its status as a going concern are not improper or obviously flawed”.

Jason makes a few assertions on what proof of reserve does NOT include, placing emphasis on correct audit protocols.

   1.“Proof of reserves does not consider the completeness or accuracy of customer records.  Instead, customers must check for themselves whether they were included in the procedure”.
   
   2.”Proof of reserves does not check the state of reserves before or after the date of the procedure.  This means that reserves could have been bolstered just for the procedure, even though they are normally much lower than what is claimed”.

   3. “Proof of reserves examines no other assets or liabilities besides bitcoins on hand and deposit records. This means that the exchange could be technically or actually insolvent at the time the analysis was conducted and no one outside the organization would know”.

   4. “Proof of reserves does not consider whether the accounting system and security procedures are sufficient and appropriate to prevent theft, embezzlement, or other forms of malfeasance”.

   5. “Proof of reserves does not contemplate whether the business is in compliance with applicable laws or whether the    management team is qualified and fit for service.  This means that the exchange could have 100% reserves and still fail due to regulatory action, taking customer funds down with it”.

   6. “…one person carried out the analysis is also problematic.  Auditors are required to be independent in word and deed and technically qualified to perform the work”.

https://www.tyracpa.com/proof-reserves-audit/



Summary

Now I have ask the question: Is there  Proof of Reserve and what independent 3rd party is auditing this for Apollo Fintech? I hope everyone did their research asking for this before buying.

There is no proof any asset is backing GSX/APL and no independent audit to confirm Proof of Solvency. How do you feel now, at a LOSS?

[Crypto-Info]

The Fake country UAS is suspiciously run by Apollo Fintech and Relatives





Steve McCullah does it again by not declaring all details, creating conflict of interest. Hands up if you know the people behind the fake country that Steve has magically prepared to scam people?

The Apollo Fintech team (and family) have been covertly station in pseudo-positions of power within UAS in an attempt to give legitimacy to this scam project. Apollo currency APL and GSX are both scams. UAS is not a country but a ruse to trick people.



Congresman- Wessel Sevenster




Interim Labor Secretary- Chad Tiecke




Secretary Of Housing- Stephanie Mora


In the following picture we can see Wessel Sevenster, Anthony Mokhele (Chairman/Apollo Africa CEO), Willie Boshoff (Director of Operations Apollo Africa) with the Hon. Thesele Maseribane (Minister of Communications, Science and Technology Country Lesotho - no relationship with Apollo). The photo was taken when Apollo met with officials of Lesotho in an attempt to legitimise this scam.






Chad Tiecke


The following screenshot shows Chad Tiecke working for Apollo Fintech. Very easy character to find on the web. He is into real estate as well.





The following are his credentials:

Muscatine, Iowa
Field Administrative Services Manager
Construction

Skills:
Team Building, Customer Service, Inventory Management, Leadership, Training, Sales, Microsoft Office, Microsoft Excel, PowerPoint, Strategic Planning, Coaching, Outlook, Microsoft Word, Forklift Operator, Marketing, Time Management, Logistics

Education:
St. Ambrose University   2013 – 2015
Master of Business Administration (MBA), Business Administration and Management, General

Iowa Wesleyan College   2009 – 2011
Bachelors of Science, Human Resource Management

Iowa Wesleyan College   2009 – 2011
Bachelors of Science, Business Administration

Muscatine Community College   2005 – 2009
Associates of Arts, Business Management Focus

Experience:
Zachry Industrial, Inc.   October 2013 – Present
Schumacher LC, Durant Warehouse   March 2012 – November 2013
The HON Company   September 2011 – March 2012
HON Geneva & HON Oak Steel   June 2010 – August 2010
Central Region Distribution   August 2007 – October 2009
Allsteel   August 2005 – August 2007


Related:

https://muscatinejournal.com/news/local/muscatine-a-gift-that-keeps-on-giving/article_59695fbc-5498-5ed5-a33d-c2e43b710d4c.html
https://www.ruhlhomes.com/agents/chadtiecke/



Stephanie Mora



AJ Mora

This man is a fail DJ turned E-Commerce Accounts Manager for Apollo. Why am I showing you his picture under Stephanie Mora? Because they are brother and sister. Info is easy to find on Stephanie.


Summary


There is lot’s of info on the web for Wessel Sevenster, Anthony Mokhele, Willie Boshoff and Stephanie Mora. Just google them.
Apollo Fintech staff apparently run the pseudo-country UAS. LOL.

A scammer running a scam country that prints scam money to scam you.





Special thanks for the info:

[AmoreJaz]

surprisingly, there are traders for this coin. or maybe it is because of the team behind this coin? most gold-backed projects ended up as a scam. so won't be surprised if this one falls into this category. only a matter of time before they totally abandon this project. hopefully people are smart enough not to be lured by gold-backed projects, because in reality, they dont have anything to do with gold. very few that ive seen here that they do have gold assets.

[Crypto-Info]

surprisingly, there are traders for this coin. or maybe it is because of the team behind this coin? most gold-backed projects ended up as a scam. so won't be surprised if this one falls into this category. only a matter of time before they totally abandon this project. hopefully people are smart enough not to be lured by gold-backed projects, because in reality, they dont have anything to do with gold. very few that ive seen here that they do have gold assets.

I guess anyone can fall for a scam. I completely agree, most gold-backed projects are fraudulent . I suppose thats the nature in the crypto world now...You have some uneducated (in financial terms) wanna-be people who have no idea with business, don't know their country of residence laws involving securities and tax, voicing their opinion publicly like they know their shit. LOL



Best Quote to sum up todays crypto space: <after due diligence of course>




$500 Client

"I just feel as though with this investment I am about to make in you, that we should understand how our lives are about to change and I need the results and you need to bring them. I am entrusting you with our livelihood and lives".

$50000 Client

"Money sent, thanks"

          -Lawrence King?





My quote:



$500 Client

"When lambo"?


$50000 Client

"Money sent"
 


Why the quote? Unrealistic expectations come from ignorant people.

[Crypto-Info]

The Worst Kind of Crypto Youtubers: RUN GUYS


Now that I am able to post in this subreddit, I want to bring a YouTube channel to your attention that I have despised for over half a year now. Some of you veterans may have heard about them, their name is RUN GUYS.
To make it short, RUN GUYS is yet another crpyto YouTube channel that banks on peoples desire to get rich quick. They prey on new and naïve members of the cryptocurrency community to get as many clicks as they possibly can. This is the truth about a lot of crypto Youtubers and it's honestly one of the worst aspects of our community.
So what have they done? RUN GUYS and a list of other terrible YouTube channels have been shilling con artist Steve McCullah's new sh*t coin GSX. Some of you may remember Steve McCullah from the Apollo Currency scam a few years ago. It seems he has once again rebranded his garbage and re-released it to the world of bag chasing noobs except this time under the name of Apollo Fintech. Besides the fact that we can confirm none of what they claim on their website, their crypto currency isn't even listed on any exchanges.
We all hear about the mainstream pump and dump schemes like safemoon and dogecoin, but there is a whole other world of scams and the people endorsing them have hundreds of thousands of followers.
TL;DR Be aware noobies, a lot of big crypto youtubers are terrible and will lie to you to make money.

https://www.reddit.com/r/CryptoCurrency/comments/mwjv9f/the_worst_kind_of_crypto_youtubers_run_guys/


NB: This was posted before GSX was listed on Bitmart



Who are the Run Guys?







Just in case the picture is blurry:







And here are the following tweets from ApolloFintech:







and






Draw your own conclusions from this.

[Crypto-Info]

Apollo Fintechs Next Marketing Scam








The biggest referrals get the biggest prizes.


Prizes:

2 Tesla Cyber Trucks
2 Super Cars
$3 million dollars in gold and crypto

And to kick it all off, Steve is giving away $20,000 worth of GSX Platinum…LOL <SCAM>


Watch the below video for a laugh...Steve says stay tune for more info…


https://youtu.be/0nHgtDR5A9o






Im going to let you draw your own conclusions....cough....cough

[Diamond-hands]

GET A LIFE!!!!!!!! WE ALL KNOW YOURE BEING PAID BY THE NXT TEAM TO FUD!!!!!! GOOGLE IS GOOD!!!!!!!!!!!!    YOU'VE BEEN DOING THIS FROM DAY 1!!!!!!! WE CAN ALL SEE WHAT YOURE DOING PHANTOM!!!

Remember. You called the top10 exchange a scam and that turned out to be false!! 

[Diamond-hands]

NO ONE IS LISTENING TO YOU BECAUSE YOURE THE PHANTOM AND PAID BY NXT!!!!. SHUTUP. GO AWAY. LITERALLY ANNOYING AND SICK OF HEARING YOUR SH1T!!!!

[Crypto-Info]

NO ONE IS LISTENING TO YOU BECAUSE YOURE THE PHANTOM AND PAID BY NXT!!!!. SHUTUP. GO AWAY. LITERALLY ANNOYING AND SICK OF HEARING YOUR SH1T!!!!

GET A LIFE!!!!!!!! WE ALL KNOW YOURE BEING PAID BY THE NXT TEAM TO FUD!!!!!! GOOGLE IS GOOD!!!!!!!!!!!!    YOU'VE BEEN DOING THIS FROM DAY 1!!!!!!! WE CAN ALL SEE WHAT YOURE DOING PHANTOM!!!

Remember. You called the top10 exchange a scam and that turned out to be false!!

About that. FUD or fact because the only proof I've been reading is what I post. Feel free to argue any point but back it up.

To further my point FUD is subjective in regards to this topic as it depends on what side of the fence you sit on. Is it with me who believes this is just a try hard project that has turned into a scam and web of lies, or is it on your side where you believe it is a legit project.

In any case, to refute your comments because I can:

You are listening to me, that's why you felt angry enough to post what you did.
I am not a/the "Phantom" you speak of, but this person does sound wise.

You are correct, I have been doing this since day one, but you are wrong I am not paid by NXT. Why would the NXT project pay me when it was about 75% of their code that was stolen? They already won the court case. LOL

If you don't wish to read about "FUD"(that's your interpretation) then DON"T come here and read it, just simply tell yourself "no" and exercise self-control and don't come on Bitcointalk.

However I do encourage you or anyone else to post facts (not what you think) and offer proof if you wish to refute any of my previous posts. That does not mean a copy and paste from Apollo, but rather some material evidence backing up Apollo's claims or disproving mine.