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Thread: Cease and Desist issued against BitConnect alleging fraud

  1. #26
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud

    SHHH, if you're really, really quiet, you can hear the sound of BitConnect promoters and pimps scattering to the four corners of the planet:



    You can download a fifty page copy of the Silver Miller law firms' class action filing in .PDF format
    HERE
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #27
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    Re: Cease and Desist issued against BitConnect alleging fraud

    I wonder if a**hole "Michael Crypto" is going to post a follow up video to this "Granny Crypto" video where instead of feeling so much joy over the ponzi returns on her screen she possibly sits crying in a dark room.



    In all honesty, I can't tell if she ended up as a net winner or net loser.

    If she's not a phony, crooked senior like Paul Burks, then it looks like she was turned into an unwitting scammer. Most likely, she ended ripping off other seniors in a similar shaky financial situation, probably friends and family.

    This is the type of stuff that disgusts me.

    Even if by some chance, her story isn't legit, you can bet that there are plenty of real stories out there.

    I hate scammers.

  3. #28
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud

    And people wonder why we spend time exposing these criminals:



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

  4. #29
    Bestbud is online now Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "A week before it collapsed, Glenn Arcaro started scrubbing his social media profiles of any mention of BitConnect.

    Rather than face his victims, Arcaro is instead threatening those calling him out with legal action."


    Top US BitConnect investor Glenn Arcaro threatens to sue critic

  5. #30
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud

    BitConnect ponzi pimp Craig Grant: The Hype vs The reality

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

  6. #31
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud

    A contrast in the reactions between pimps and true believers after the inevitable collapse.


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

  7. #32
    Bestbud is online now Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "Last week in Florida we saw the first investor class-action lawsuit filed against BitConnect and several top promoters.

    Now a second proposed class-action has been filed in Kentucky, and what’s particularly interesting about this suit is a TRO has already been granted."


    Temporary Restraining Order issued in second BitConnect class-action

  8. #33
    Bestbud is online now Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "One of BitConnect’s former top YouTube promoters, Trevon James, held a livestream earlier today to get “some things off (his) chest”.

    What followed was almost an hour of denials and a barrage of indefensible victim-shaming.

    At the core of Trevon James’ reaction to BitConnect’s collapse is the self-serving refusal to acknowledge it was a Ponzi scheme."


    BitConnect defendant claims victims are "crybaby ass motherfuckers"


  9. #34
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Easy Money DP, is that some kind of a double entendre? One more Father of the Year coffee mug, if anyone wants to "pull up" Trevon will take his son to his grandparent's house.

    About those terms of service.

    A court will never enforce a contract promoting something already against state or federal law https://www.nolo.com/legal-encyclope...ips-33079.html

    This has nothing to do with "crypto", since 1946 promotion of Bitconnect would have been considered illegal since it was an unregistered security under federal law.


    What Is a Security?

    The Securities Act and Securities Exchange Act have broad definitions of the term "security." Under these Acts, a security includes many familiar investment instruments such as notes, stocks, bonds, and investment contracts.

    Whether a certain investment is considered a security is important, because designation as a security means that the investment is subject to certain registration requirements. In general, all securities offered in the U.S. must be registered with the Securities and Exchange Commission (SEC), although there are some exceptions. A company offering securities that are not exempt must register them, a process that also involves disclosure of certain information, including:

    A description of the company's properties and business purpose
    A description of the security being offered
    Information about the company's management
    Financial statements about the company, certified by independent accountants

    Under the Howey Test, a transaction is an investment contract if:

    It is an investment of money
    There is an expectation of profits from the investment
    The investment of money is in a common enterprise
    Any profit comes from the efforts of a promoter or third party

    Substance Over Form

    In deciding Howey, the Supreme Court created a test that looks at an investment's substance, rather than its form, as the determining factor for whether it is a security. Even if an investment is not labeled a "stock" or "bond," it may very well be a security under the law, meaning that registration and disclosure requirements apply. After the creation of the Howey Test, some promoters masqueraded securities to try and escape registration requirements (such as by calling an offer of securities an interest in a general partnership). To deal with these charades, courts look at the economic realities behind an investment scheme, rather than at its name or form, to determine whether it is a security.

    If an investment opportunity is open to many people, and if investors have little to no control or management of investment money or assets, then that investment is probably a security. If, on the other hand, an investment is made available only to a few close friends or associates, and if these investors have significant influence over how the investment is managed, then it is probably not a security. What Is the Howey Test? - FindLaw
    "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
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  10. #35
    nuk_1 is offline Member
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by Bestbud View Post
    "One of BitConnect’s former top YouTube promoters, Trevon James, held a livestream earlier today to get “some things off (his) chest”.

    What followed was almost an hour of denials and a barrage of indefensible victim-shaming.

    At the core of Trevon James’ reaction to BitConnect’s collapse is the self-serving refusal to acknowledge it was a Ponzi scheme."


    BitConnect defendant claims victims are "crybaby ass motherfuckers"

    Wow, Trevor be mad at all the haters and victims. Guess no one was investing much through his links.

    For a guy who says he supposedly joined almost a year ago and has over 100K+ on youtube, Trevor seems to not have made any decent money or blew it somewhere. He talks about right now living in a motel room by the week and is hoping to upgrade to a monthly motel somewhere. Extended stay motels! Set for life success! Changing lives! Whoooo!

    NUK

  11. #36
    Bestbud is online now Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "Over the past fortnight two class-action lawsuits have been filed against BitConnect and several top investor promoters.

    The first class-action, filed in Kentucky, is moving along with surprising speed."


    Bitconnect Florida trial date set, prelim injunction sought in Kentucky

  12. #37
    surfer's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by surfer View Post
    I wonder if a**hole "Michael Crypto" is going to post a follow up video to this "Granny Crypto" video where instead of feeling so much joy over the ponzi returns on her screen she possibly sits crying in a dark room.

    deleted youtube video url removed

    In all honesty, I can't tell if she ended up as a net winner or net loser.

    If she's not a phony, crooked senior like Paul Burks, then it looks like she was turned into an unwitting scammer. Most likely, she ended ripping off other seniors in a similar shaky financial situation, probably friends and family.

    This is the type of stuff that disgusts me.

    Even if by some chance, her story isn't legit, you can bet that there are plenty of real stories out there.

    I hate scammers.
    Aaaaannnnndddddd poof. It's gone, lol.

  13. #38
    Bestbud is online now Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud


  14. #39
    littleroundman is offline Administrator
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    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

  15. #40
    Bestbud is online now Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "We’re still yet to see anything official from authorities, but in the meantime another BitConnect class-action suit has been filed in Florida.

    Plaintiffs Andrew Kline, Dusty Showers, Lena Huna, and Charles Mabra are BitConnect victims."


    Fifth BitConnect class-action lawsuit filed in Florida

  16. #41
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "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

  17. #42
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    The price of poker has gone up. Something appears to have changed with the implosion the Bitconnect and USI Tech Ponzis. A whole lot of people are making both informative and funny videos exposing top Ponzi Whores.







    USI-tech claims its' sale of unregistered securities in US "legal"
    "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

  18. #43
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Very well thought out videos. May not be what victims want to hear, but these should serve as learning tools so they don't fall for this sort of BS in the future.




    "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

  19. #44
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Scammers love to shoot videos while driving cars and apparently jetskiN.



    Craig Grant with your money.jpg

    If I've said it once, I've said it a thousand times when you get your investing advice via endless promotion on YouTube and Facebook you will be scammed.

    "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

  20. #45
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud



    Reality has a nasty habit of biting.
    The only thing necessary for the triumph of evil is for good men to do nothing

  21. #46
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Boo hoo hoo, Craig Grant claims he didn't know what he was doing was illegal. Yeah!!!! When I started reading https://steemit.com/crypto/@cryptofi...ople-in-crypto something sounded really familiar. Then hit it me, Davin Rosenblatt warned the world that Craig and Yuliana were pulling several major scams in 2013.







    "As for me, well there is no way I can sit back and let a person who has admitted to taking money from scammers play the victim and collect. I have the proof. How did I get it? I investigated and researched. We will continue to work to get the public the truth. Tune in next Tuesday on Davin’s Den and we will fill you in." Davin Comedy: INVESTIGATIVE JOURNALISM IS DEAD - AVALOS VS MATCH.COM FOR 1.5 BILLION DOLLARS

    Full Story here...

    Davin&apos Den makes a trending case against Yuliana


    Quote from Craig Facebook account.
    ”$5000= Nigerian Scammers so all the work to get this ball of magic money rolling, using the pictures I took of Yuliana over the past 10 years. They are in Africa, so of course by the time the energy reaches Florida it is falling from the sky, and we do no work…just get PAID…about $50,000 gets sent to Africa before we see $5000 and that’s great.”

    Craig Grant Nigerian Scam.jpg

    Miami Model Yuliana Avalos Sued Match.com for $1.5 Billion, but Now She's Taking Criticism Too | Miami New Times

    https://steemit.com/@craig-grant
    "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

  22. #47
    shipdit's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    .
    Somebody straighten me out here:

    Is Ponzi Pimp Craig Grant married to some formerly hot little Miami model named Yuliana Avalos and if accurate, was he marketing her most private parts as seen on this page (WARNING, very sexually explicit), but calling her Julie Estiva?

    If the answer is yes, is the woman in the red one-piece swimsuit out yacht-renting with Craig the same woman?

    Looks like it might be a case of "marry scruffy me, Baby and I'll make you rich" ... then she bites and starts spending all those BitConnect referral fees at restaurants ... then Craig Grant sees his expensive pile of BitConnect digital products turn in to the true vapor that they were all along ... then the formerly model-skinny wife is no longer marketable ... hmm, wonder what's next?

    YA 08s.jpg

    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

  23. #48
    Whip's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by shipdit View Post
    hmm, wonder what's next?

    YA 08s.jpg

    SD

    .


    liposuction
    Haven't lost any money to online scams.......results are typical.

  24. #49
    littleroundman is offline Administrator
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    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. #50
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by shipdit View Post

    If the answer is yes, is the woman in the red one-piece swimsuit with Craig the same woman?
    I believe they are the same woman, although it's possible the new one ate the old one as sharks are known to do. Either way makes Grant's victim tale a lot less plausible F*****G likely.

    https://www.facebook.com/Craig-Grant-1918806648434303/
    "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

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