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Thread: Cease and Desist issued against BitConnect alleging fraud

  1. #51
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud



    Don't you just love those faked BitConnect earnings figures in the background?

    All those numbers, and none of them were real
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #52
    shipdit's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    .
    I wonder if the evaporation of the potential $1.5 billion-dollar windfall sparked the ambition that landed Craig Grant promoting a get-rich-quick SCAM like BitConnect?

    https://nypost.com/2014/10/30/judge-...fake-profiles/

    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

  3. #53
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Like diarrhea I'd say it scamming runs in his genes.

    Quote Originally Posted by Oopsie

    As the Post previously reported, lawyer Evan Spencer quietly amended the suit in January to replace his client Avalos with former porn star “Melissa Midwest” Harrington after receiving complaints that Avalos and her boyfriend previously sold sexy pictures of herself to the very same Nigeria-based Internet scammers whom she claimed in the suit exploited her through Match.com.

    https://nypost.com/2014/10/30/judge-...fake-profiles/



    .
    "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

  4. #54
    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

  5. #55
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Hard to run a scam unless you create a monologue with your targets. Negative read True comments cut into Grant's "flow", cash flow that is.



    Craig did mention PewDiePie had done a video, with 4,321,244 views it seemed worth posting. You know for the positive press it creates for Bitconnect.

    Ponzi the game.jpg



    According to this Carlos is now having relationship problems, presumably from the Bitconnect debacle. And some of you jolly jokers are calling his accountant and shouting bitconnnnnnnnnnneect!!!

    Bitconnnectttt.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

  6. #56
    Bestbud is offline Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "A sixth lawsuit has been filed against BitConnect and its top promoters.

    Patrick Argiro presents himself as a plaintiff in the February 22nd Florida complaint."


    Sixth BitConnect lawsuit filed in Florida

    "A seventh lawsuit has been filed against BitConnect and several of its top promoters.

    Baltazar Avalos filed his class-action lawsuit on February 22nd in California’s northern district."


    Seventh BitConnect lawsuit filed in California ($110,000 in losses)

  7. #57
    Bestbud is offline Elite Scambuster
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    Re: Cease and Desist issued against BitConnect alleging fraud

    "As it stands there are currently five active lawsuits filed against BitConnect and top investor defendants in the US.

    Here’s an update on their current status as of June 16th, 2018."


    BitConnect lawsuits update, June 2018

  8. #58
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Yet more examples of why promoting a fraudulent scheme within the USA is not the smartest thing to do.





    HINT: This isn't about "cryptocurrency" guys.

    This is about FRAUD whether it's using Bitcoin or US dollars.

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

  9. #59
    Whip's Avatar
    Whip is offline Anonymous. As are you all
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    Re: Cease and Desist issued against BitConnect alleging fraud

    yeah. the true 'haters' hate being exposed.
    Haven't lost any money to online scams.......results are typical.

  10. #60
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by littleroundman View Post

    Fraud is fraud is fraud[/B]

    The first couple minutes of his video is promoting something called "Zethr" that sounds like a Ponzi to me. The dummies even mention contract investment, is Zethr suddenly registered with the SEC and Grant licensed to sell securities?


    https://zethr.io/#/
    "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

  11. #61
    Char's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by ribshaw View Post
    The first couple minutes of his video is promoting something called "Zethr" that sounds like a Ponzi to me. The dummies even mention contract investment, is Zethr suddenly registered with the SEC and Grant licensed to sell securities?
    Quote Originally Posted by littleroundman View Post
    Yet more examples of why promoting a fraudulent scheme within the USA is not the smartest thing to do.


    HINT: This isn't about "cryptocurrency" guys.

    This is about FRAUD whether it's using Bitcoin or US dollars.

    Fraud is fraud is fraud
    Endless-chain recruiting for dummies.

    Why just spend money on "it" when everyone is given the easy option to make money from "it". If everyone expects to make money from "it", where does the extra money come from?

    MLM Ponzi - No tangible product
    MLM - Has product to mask Ponzi.

  12. #62
    ribshaw's Avatar
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    Re: Cease and Desist issued against BitConnect alleging fraud

    Quote Originally Posted by Char View Post
    Endless-chain recruiting for dummies.

    Why just spend money on "it" when everyone is given the easy option to make money from "it".
    To hear Grant tell it he lost his marbles in Bitconnect, of course punters have to take that on spec. I mean what else is he going to say?

    It continues to strike me ironic that for years on end the same people work so hard promoting and/or chasing "passive income" opportunities. Recruiting so much like a J.O.B. with all these 1% per day deals floating around, who does that? The only people opportunities ever pay off for are the select few sociopaths recruiting massive numbers knowing full well losses are guaranteed.


    "How to Spot a Sociopath in 3 Steps" could easily be tilted "How to spot a ponzi pimp in three easy steps".

    https://www.psychologytoday.com/us/b...ath-in-3-steps
    "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

  13. #63
    littleroundman is offline Administrator
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    Re: Cease and Desist issued against BitConnect alleging fraud

    All Grant has succeeded in doing in his video is to demonstrate his complete lack of knowledge of securities laws.

    * Did he promote Bitconnect ???

    * Is there proof he did so ???

    * Was Bitconnect fraudulent ???

    * Did he earn money for referring people to Bitconnect ??

    *Was the illegal sale of securities involved ???

    Yep, yep, yep, yep and yep

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

  14. #64
    Daveyw is offline Senior Member
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  15. #65
    nuk_1 is offline Member
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    Re: Cease and Desist issued against BitConnect alleging fraud

    ...and the head of BitDisconnect India operations Divyesh Darji gets arrested at the airport upon returning from Dubai:

    https://news.bitcoin.com/india-bitco...head-arrested/

    NUK

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