Thread: Gladiacoin - major ponzi scam

This scam needs it's own thread! Major scammers, like Ken Russo are pimping this scam.

There are rumors that this may be run by Phil Piccolo.

Gladiacoin.com

Here is the link to the MMG forum thread that EzyInvest (major scammer) started and has major contribution by Ken Russo.

Gladiacoin - Gladiacoin.com

Check out the latest post by Ken Russo with a link to a team call. This call seems very scripted with the
intention of capturing more sheep for the slaughter!

Gladiacoin - Gladiacoin.com

"The ruse behind GladiaCoin’s 200% ROIs is “bitcoin trading operations”. GladiaCoin claim to purchase bitcoin from one exchange and sell it on another."

GladiaCoin Review: 90 day bitcoin doubler with binary recruitment

I haven't been able to totally prove it yet, but Gladiacoin has all the earmarks of a Phil Piccolo Ponzi all over this. I know he is promoting it under one of his aliases Randy Chang or Mr. R Chang. He & Ken make a great couple. Just too bad the authorities are not going to have enough time to shut this down. Not doing well on MMG even though Ken is trying hard to get people sucked in.

Here's the latest update from the admin, and I quote:

"Posted at the GC website when you login....

We have an important announcement about your GladiaCoin account, please read through to the end.

As a user of the Bitcoin currency you may have noticed and been following a massive increase in the volume of transactions registered in BlockChain in these last days, always being close to or above 200,000 unconfirmed transactions every day.

As you already know, unconfirmed transactions are transactions waiting in line to be processed by the mining network and these confirmations are very important because, without them, Bitcoin does not effectively reach the recipient and also prevents larger amounts from being consolidated for which can again circulate in the market, ie the value of an unconfirmed transaction is a value that is not available for use.

As GladiaCoin operates with bitcoin trading, it is necessary to consolidate these thousands of small transactions that we receive daily in larger amounts to successfully execute the trading operation that is only possible when we have the appropriate volume of confirmed bitcoin transactions.

As we have been following, bitcoin transactions have not been confirmed quickly as usual and this directly impacts the trading operation as we have thousands of queued orders waiting at least 1 confirmation that has taken up to 24 hours to consolidate.

In this scenario, it is necessary to communicate the measures that follow:

1. Payment of automatic withdrawals related to 2017/05/17

For these reasons, we inform you that those who are still awaiting receipt of their withdrawals on 2017/05/17 (Singapore GMT +8) can be assured that these are being carried out gradually in accordance with the consolidation made by GladiaCoin within the BlockChain network. Receipt of these withdrawals may occur at any time.

2. Payment of automatic withdrawals related to 2017/05/18

For the same reason for automatic withdrawal payments for 2017/05/17, we would like to inform you that payments on 05/18/2017 (Singapore GMT +8) will begin sequentially after the end of the payout queue on day 2017/05/17.

3. Trading operation between 2017/05/19 and 2017/05/23

Due to the conditions of the Blockchain network, we will not do Bitcoins Trading on Thursday, Friday, Saturday, Sunday and Monday (Singapore GMT + 8), when we will start trading again as we have always done. On these days in which the trading transaction will not be performed, the Trader Bonus will not be paid.

4. Binary Bonus

During this period we will not carry out the trading operation, the binary bonus will be processed and paid daily, as it is already done today.

5. New minimum for automatic withdrawal

Please note that as of 2017/05/19 (Singapore GMT + 8) the minimum value for receiving automatic withdrawals on the GladiaCoin platform will be 0.10 BTC and no more 0.03 BTC. This measure is necessary so that we can reduce the current time our servers take to complete the payment of withdrawals daily and in this way we collaborate with the Blockchain network by reducing the volume of transactions generated.

We are grateful to all for the tremendous success of GladiaCoin that has helped thousands of people by improving their financial lives across the globe.

Wait! Soon we will have news that will further multiply your earning potential!

Regards,

GladiaCoin
Double bitcoin in 90 days"

Only 2 months in and already payment issues, but this is the real deal just ask Ken Russo. Phil Piccolo made an appearance at behindMLM claiming that he is not a part of this scam, but he is promoting TCC (which of course is not a scam according to him). Poor Phil, I guess he thought being associated with Gladiacoin would somehow damage his reputation.

Anyone want to hazard a guess at how much longer this will last before they run with the money? Poor Ken struggling so hard to find a Ponzi that will last at least 3 months to hopefully make a little money. Thankfully he has been burned more than he has earned. Hope it bankrupts him.

F'ing Ken Russo was also involved with WalletPllus which just went belly up so he conveniently removed it from his signature at MMG forum without any mention of it scamming! This guy needs to be stopped!

Ari Maccabi is always quick to say, "I told ya so" when a scheme collapses that he wasn't participating in...

Ari_Maccabi.jpg

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Michael_Banks_001.jpg

Michael Banks is singing the blues and crying a river....

Michael_Banks.jpg

Here's what Michael is crying about as posted by ken russo at MMG, and I quote;

"Update from GC admin...

We want to thank you for almost six (6) months helping us make GladiaCoin one of the biggest bitcoin trading opportunities on the planet.

Always attentive to the market and also aiming to offer the best possibilities of gain to our investors, GladiaCoin has designed a new solution that has the potential to leverage your earnings and make your dreams more and more reality.

Today, our investors have plans from Spartacus 1 to Spartacus 7 with investment value between 0.05 BTC and 4 BTC, as shown in the table below:

Plan Value Binary Earnings Double Limit
Spartacus 1 0.05 BTC 5% 0.10 BTC
Spartacus 2 0.10 BTC 6% 0.20 BTC
Spartacus 3 0.30 BTC 7% 0.60 BTC
Spartacus 4 0.50 BTC 9% 1 BTC
Spartacus 5 1 BTC 11% 2 BTC
Spartacus 6 2 BTC 13% 4 BTC
Spartacus 7 4 BTC 15% 8 BTC

From now on, we will sort these plans into a new group called PROFILE 1. Therefore, all current users are embedded in this profile.

A new investment profile

GladiaCoin will launch in the coming weeks a new investment profile, PROFILE 2, which will offer incredible new earning opportunities.

In order to participate in PROFILE 2, users must already be part of the investment PROFILE 1 and choose to acquire one of the new plans of PROFILE 2 shown below:

Plan Value Binary Earnings Double Limit
Gladiator 1 0.30 BTC 6% 0.60 BTC
Gladiator 2 0.50 BTC 7% 1 BTC
Gladiator 3 1 BTC 9% 2 BTC
Gladiator 4 2 BTC 11% 4 BTC
Gladiator 5 3 BTC 13% 6 BTC
Gladiator 6 4 BTC 15% 8 BTC
Gladiator 7 5 BTC 17% 10 BTC

Earn 2x with your current business group

When you sign up for PROFILE 2, your position in the binary network will be preserved respecting your sponsor and all your upline, that is, if you and your entire group of friends choose to acquire this new profile, you will have new gains with your own and current business group.

This way, you will be able to ACCUMULATE THE EARNINGS from your PROFILE 1 with PROFILE2!

Earn up to 18 BTCs daily

Imagine that you have the Spartacus 7 plan in PROFILE 1 and the Gladiator 7 plan in Profile 2 and reach the daily earnings limit: it is 8 BTC from PROFILE 1 + 10 BTC from PROFILE 2, ie 18 BTC per day!

Soon, we will disclose all the details about the operation of this new profile that will surely raise your earnings and make you have even better results with GladiaCoin.

Due to this new launch and the greater complexity in the trading operation caused by this increase in the volume of transactions in the Blockchain network as presented in previous releases, GladiaCoin has exponentially increased its costs.

To date, GladiaCoin does not charge any additional fees from its users whether in the trading operation, through the use of the system or even in the withdrawal operation that is processed automatically.

However, in the face of this new scenario, from this Monday 29/05/2017 (Singapore GMT + 8) GladiaCoin will initiate the collection of an administrative fee of 15% on the value of the monthly plan for users of plans Spartacus 3, Spartacus 4, Spartacus 5, Spartacus 6, Spartacus 7 and above. Users of the Spartacus 1 and Spartacus 2 plans are exempt from this fee.

We are together towards success,
GladiaCoin
Double bitcoin in 90 days"

My reply to Ken's post was: Let me simplify this for you.....YOU'RE SCREWED! I know Ken appreciated my explaining this to all those he is trying to con into joining and those he did con into joining. All he does is post his I got paid screenshots.

I called him out when he was using a quote about Bitcoin when he was posting his payment proofs at MMG trying to make the people believe this was from Gladiacoin, but when I pointed out it had nothing to do with Gladiacoin, amazingly the quote was removed from his next payment proof posts.

It would be nice if Gladiacoin took the time to "disclose" all their details of who is running this, where they are located and how to reach support on their website. Now I know they will never do that, but real companies that do any kind of currency trading do. Just one of the reasons why this is a Ponzi. Never mind they claim they can double your Bitcoins in 90 days, and all with imaginary traders.

Some people never learn...

Michael_Banks.jpg

LOL, who could've possibly imagined scammers coming up with a fee for something you never get?

I hear good things about the https://en.wikipedia.org/wiki/Reloading_scam Detective Agency. For a $995 retainer paid in five easy installments of $500 they will hunt down the dirty dogs that rund oft with ye loot.

Uh Oh, no payments until this Friday....well the members are hoping they will start paying this Friday. Hmm, Bitcoinbrains hasn't had a payment in over 24 hours, and Gladiacoin won't be paying until Friday. Must be a paying virus going around in these legal programs (cough, cough).

....and the biggest f'ing crook of them all, ken russo, has removed gladiacoin from his signature at mmg. All he has now is the usi-tech scam

I had fun getting a dig in on Ken at MMG. Poor Ken can't keep his Ponzi's lasting longer than 3 months. He has to be beside himself as he has lost his touch. I hope he lost a ton in this, as well as his last two that couldn't make it past the 3 month period. Couldn't happen to a nicer guy.

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"What using bitcoin does do is permit Royal Dragon Traders’ admins to cleanly cut and run when invested funds run out, which is exactly what GladiaCoin’s admin(s) have done.

The bottom line for you as a potential Royal Dragon Trader affiliate is, unless you’re running the company, you’re probably going to lose money."

Royal Dragon Traders Review: 198% bitcoin ROI in 90 days

Originally Posted by EagleOne

Uh Oh, no payments until this Friday....well the members are hoping they will start paying this Friday. Hmm, Bitcoinbrains hasn't had a payment in over 24 hours, and Gladiacoin won't be paying until Friday. Must be a paying virus going around in these legal programs (cough, cough).

Don't worry about waiting until Friday.



Michael Coluccis' Income Club Team page on Facebook

"All of the bitcoin doublers also have a pyramid recruiting component, which further drains available ROI funds.

The end result is a collapse well before the promised maturity period, as not even the most cunning of scammers can beat basic mathematics."

Documenting the collapse of a bitcoin doubler (GladiaCoin)