Page 1 of 3 123 LastLast
Results 1 to 25 of 57
Like Tree151Likes

Thread: Cease and Desist issued against BitConnect alleging fraud

  1. #1
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Cease and Desist issued against BitConnect alleging fraud

    The Texas State Securities Board has issued an Emergency Cease and Desist notice against the BitConnect ponzi scheme, accusing it of securities violations and fraud









    You can download a copy of the Texas Emergency Cease and Desist order in .PDF format
    HERE
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #2
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    One doesn't have to be a Rhodes scholar to work out BitConnect is dead in the water.





    Anyone joining BitConnect now has definitely lost their money.
    The only thing necessary for the triumph of evil is for good men to do nothing

  3. #3
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    The North Carolina Securities division has issued a Temporary Cease and Desist order to BitConnect



    The only thing necessary for the triumph of evil is for good men to do nothing

  4. #4
    nuk_1 is online now Member
    Join Date
    Sep 2017
    Posts
    59

    Re: Cease and Desist issued against BitConnect alleging fraud

    BitDisconnect......GAME OVER!

    NUK

  5. #5
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud





    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #6
    Whip's Avatar
    Whip is offline Anonymous. As are you all
    Join Date
    Jun 2010
    Posts
    6,338

    Re: Cease and Desist issued against BitConnect alleging fraud

    ah the wacky 'ddos attack'. always stick with the classics.
    Haven't lost any money to online scams.......results are typical.

  7. #7
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    To nobodies' surprise:

    The only thing necessary for the triumph of evil is for good men to do nothing

  8. #8
    okosh's Avatar
    okosh is offline Senior Member
    Join Date
    Jan 2011
    Location
    Tassi Australia
    Posts
    3,493

    Re: Cease and Desist issued against BitConnect alleging fraud

    It was just a couple of affiliates in Texas who were advertising it wrong!!!..

  9. #9
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    The only thing necessary for the triumph of evil is for good men to do nothing

  10. #10
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    Interesting observations from Oz over on BEHINDMLM

    In the wake of BitConnectís collapse, public trading of BCC points has plummeted to $30 to $40.


    BCC points were always worthless but given they canít be parked for a Ponzi ROI, the trading value between BitConnect investors is now expected to approach $0.


    Ten days ago BCC was trading at $431 dollars. Today an adjusted market cap of just $224 million equates to $2.4 billion dollars wiped.
    If I had to guess, Iíd estimate BitConnect investor losses to run between $500 million and $1.5 billion. $2 billion at a stretch but Iíd be surprised.
    BitConnectís website went down four days ago. The company claimed this was due to DDOS attacks, however it is far more likely BitConnectís anonymous admins instead used this time to secure and transfer out what was left of invested funds.
    The only thing necessary for the triumph of evil is for good men to do nothing

  11. #11
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    Just in case anyone thinks this is fake news:

    The only thing necessary for the triumph of evil is for good men to do nothing

  12. #12
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    Speaking of BitConnect collapsing, who remembers "BitConnect" Carlos Matos from last years' Bitconnect Annual Ceremony ???




    Carlos, Carlos - wherefore art thou Carlos ????

    Oh, here you are on your
    ConceivedAchieved page on Facebook



    Hmmnn, no new posts since December 16, 2017 Eh ????

    I wonder why.
    The only thing necessary for the triumph of evil is for good men to do nothing

  13. #13
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud

    "We can't let these legendary affiliate scammers get away with what they did, and we have to show them all that we are the internet, and that we never forgive, and never forget."

    https://www.reddit.com/r/CryptoCurre...his_bitconnect

  14. #14
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud

    "In what appears to be an attempt to cover their tracks, admins of the popular BitConnect Reddit have set the discussion forum to private."

    BitConnect Reddit goes private, YouTube shill updates

  15. #15
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud

    First USI-Tech and now BitConnect. Keder Cormier really knows how to pick 'em...


  16. #16
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud

    Always good to see Ponzi schemes getting more exposure in news stories written about them...

    https://techcrunch.com/2018/01/16/bi...eme-shuts-down

  17. #17
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud


    The only thing necessary for the triumph of evil is for good men to do nothing

  18. #18
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud


  19. #19
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud

    "In the wake of BitConnect’s collapse, Badisse David Mehmet has offered a $1000 bounty on both Glenn Arcaro’s and CryptoNick’s whereabouts."

    $1000 bounty offered for Glenn Arcaro and CryptoNick's whereabouts


  20. #20
    Whip's Avatar
    Whip is offline Anonymous. As are you all
    Join Date
    Jun 2010
    Posts
    6,338

    Re: Cease and Desist issued against BitConnect alleging fraud

    can't be too serious......it's only $1000
    Haven't lost any money to online scams.......results are typical.

  21. #21
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    THE REALITY:



    THE PONZI PIMPS' RATIONALIZATION AND JUSTIFICATION:

    The only thing necessary for the triumph of evil is for good men to do nothing

  22. #22
    ribshaw's Avatar
    ribshaw is offline Nigerian Ministry
    Join Date
    Feb 2013
    Location
    Internet Cafe Nigeria
    Posts
    5,942

    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by Whip View Post
    can't be too serious......it's only $1000
    I give him an A for effort, although not sure what he is going to do when he tracks them down?




    Dog.JPG
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  23. #23
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud

    Just in case you couldn't bring yourself to watch the whole video, see if these make things clearer as to the thought processes of a ponzi pimp



    The only thing necessary for the triumph of evil is for good men to do nothing

  24. #24
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    19,072

    Re: Cease and Desist issued against BitConnect alleging fraud


    The only thing necessary for the triumph of evil is for good men to do nothing

  25. #25
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,623

    Re: Cease and Desist issued against BitConnect alleging fraud

    "There’s been talk of a class-action lawsuit for a few days now, with one finally filed in the Southern District of Florida on January 24th."

    BitConnect class-action lawsuit filed over $771,000 in losses

    https://www.silvermillerlaw.com/wp-c...-COMPLAINT.pdf

Page 1 of 3 123 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42