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Thread: Bit Club Network - bitclubnetwork.com

  1. #51
    kschang is offline Senior Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    Quote Originally Posted by Fat City, LA View Post
    The Bitcoin scammers are coming out of the woodwork.
    2xBitco.in
    All scams are based on "current events" that the general public are actually quite ignorant in.

    Back around Spanish American War it's "hidden treasures in Cuba / Carribean".

    During the French Revolution it'd be "escaping nobles stashed their wealth"

    Back in the 90's it's this "wonderful new thing call the Internet" (remember Skybiz?)

    In 2000's it'd be "Iraqi gold" and hi-tech boom

    Bitcoin is simply the latest "trendy" topic to push a scam.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  2. #52
    scratchycat's Avatar
    scratchycat is offline Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    Looks like SEC has made a ruling concerning Trendon T. Shavers and his bit in Bitcoin...


    U.S. SECURITIES AND EXCHANGE COMMISSION

    Litigation Release No. 23090 / September 22, 2014

    Securities and Exchange Commission v. Trendon T. Shavers and Bitcoin Savings and Trust, Civil Action No. Civil Action No. 4:13-CV-416

    Final Judgment Entered Against Trendon T. Shavers, A/K/A/ "Pirateat40" - Operator of Bitcoin Ponzi Scheme Ordered to Pay More Than $40 Million in Disgorgement and Penalties

    The Securities and Exchange Commission announced that, on September 18, 2014, a United States District Court in Sherman, Texas entered final judgment against Trendon T. Shavers and Bitcoin Savings and Trust ("BTCST"), the online entity Shavers created and used to operate his Ponzi scheme, and through which he defrauded investors out of more than 700,000 bitcoins. The Court's judgment requires Shavers and BTCST to pay more than $40 million in disgorgement and prejudgment interest, and orders each Defendant to pay a civil penalty of $150,000.

    The Commission established, and the Court found, that from February 2011 through August 2012, Shavers offered and sold investments in BTCST over the internet. Shavers solicited all investments, and paid all purported returns, in bitcoins. Operating under the internet name, "pirateat40," Shavers solicited investors in online chat rooms and on the Bitcoin Forum, an online forum dedicated to Bitcoin, promising them up to 7% returns weekly based on his claimed trading of bitcoin against the U.S. dollar, including selling bitcoins to individuals who wanted to buy them "off the radar." In reality, Shavers used new bitcoins received from BTCST investors to pay purported returns on outstanding BTCST investments, and diverted BTCST investors' bitcoins for his personal use. The Court further found that, even as he publicly denied the Ponzi scheme on the Bitcoin Forum, Shavers knowingly and intentionally operated BTCST as a sham and a Ponzi scheme, and repeatedly made materially false and misleading representations to BTCST investors and potential investors concerning the use of their bitcoins, how he would generate the promised returns, and the safety of their investments.

    The Court's judgment permanently enjoins Shavers and BTCST from future violations of Sections 5 and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; orders them to disgorge, on a joint and several basis, $39,638,569, plus $1,766,098 prejudgment interest thereon, for a total of $40,404,667; and orders Shavers and BTCST each to pay a $150,000 penalty.
    Don't get ripped off!! Stay informed!

  3. #53
    littleroundman is offline Administrator
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    Re: Bit Club Network - bitclubnetwork.com

    Want to see a perfect example of the sort of doublespeak HYIP ponzi operators use when their latest pet scam is running out of money and about to go belly up ???

    Take a look at this
    absolute nonsense from the criminals behind BitClub Network



    For those of you unfamiliar with HYIPponzispeak, a translation:

    "The supply of new victims has stopped so we are fast running out of money and if you don't leave your "earnings" in the system we will be running away with the money any day now"


    Think I made that up ???

    Check out the drop off in numbers of visits by new (and old) victims of the BitClub Network over the past thirty days:




    At least the crooks behind BitClub Network don't have to worry about Black December, they'll be lucky to make it to Black Next Week
    The only thing necessary for the triumph of evil is for good men to do nothing

  4. #54
    ribshaw's Avatar
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    Re: Bit Club Network - bitclubnetwork.com

    Someone familiar quoted in the WSJ and the best he could come up with--- their pickin on us because we dare to scam dream.

    T. Le Mont Silver Sr., who made the 2012 video predicting GoFunPlaces would go viral, said in a statement he stopped promoting the company after realizing it did business in a way he wasn’t comfortable with.

    Mr. Silver, who is fighting a $1.7 million claim from a receiver related to another alleged pyramid scheme, is now promoting a project related to mining software for the virtual currency bitcoin. In his statement, Mr. Silver said he is a marketer with little knowledge of the business operations of the companies he promotes. “Yet in my chosen field, greedy law firms...and others confront us with bankrupting litigation and regulatory actions. Is this because we dare to dream and seek success?”

    SEC on Lookout for Web-Based Pyramid Schemes - WSJ
    "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

  5. #55
    littleroundman is offline Administrator
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    Re: Bit Club Network - bitclubnetwork.com

    Quote Originally Posted by ribshaw
    Mr. Silver, who is fighting a $1.7 million claim from a receiver related to another alleged pyramid scheme,
    I don't know if I would classify running away to Costa Rica to avoid prosecution and dragging your family along too as "fighting a claim"
    Last edited by littleroundman; 12-05-2014 at 10:06 AM.
    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #56
    laidback's Avatar
    laidback is offline Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    Is this because we dare to dream and seek success?”
    No, Moron, it's because you screw your clients/customers/members/suckers!!! (pick one)
    It seems like in this "industry" common sense is not all that common!

  7. #57
    kschang is offline Senior Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    Quote Originally Posted by littleroundman View Post
    I don't know if I would classify running away to Costa Rica to avoid prosecution and dragging your family along too as "fighting a claim"
    Dominican Republic, not Costa Rica. Much worse place, from what I remember.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  8. #58
    Bestbud is online now Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    Well, look who's here...Bitclub Network is closed to people in the USA; but, Maccabi can get you in!

    Ari_Maccabi.jpg

  9. #59
    Bestbud is online now Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    Funds are running out...

    Ari_Maccabi_001.png

  10. #60
    Bestbud is online now Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    "In what appears to be the latest effort to keep the BitClub Network Ponzi scheme chugging along, the company recently announced it would no longer be accepting or paying commissions in bitcoin."

    BitClub Network ditch bitcoin payments for bitcoin cash

  11. #61
    Bestbud is online now Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com

    We all know how this is going to end. Just call it destiny...

    Ari_Maccabi_001.jpg

  12. #62
    Whip's Avatar
    Whip is offline Anonymous. As are you all
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    Re: Bit Club Network - bitclubnetwork.com

    um, 'firing your boss' would mean you still work there. just that the boss no longer does.
    Haven't lost any money to online scams.......results are typical.

  13. #63
    Bestbud is online now Elite Scambuster
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    Re: Bit Club Network - bitclubnetwork.com


  14. #64
    ribshaw's Avatar
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    Re: Bit Club Network - bitclubnetwork.com

    I don't know that anything disgusts me more than people that hurt children.


    Offense or Statute
    Offense/Statute: Coercion With Force Or Threat Of Force/sex Motivat
    Adjudication Date: 02 March 2006
    Offense/Statute: Possession Of Child Pornography
    Adjudication Date: 04 June 2008

    Russ Albert Medlin Registerd Sex Offender.jpg

    https://www.homefacts.com/offender-d...rt-Medlin.html

    https://steemit.com/scam/@steeme/cri...nvestment-scam
    "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

  15. #65
    Char's Avatar
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    Re: Bit Club Network - bitclubnetwork.com

    Good people don't start MLMs. Good people aren't leaders in MLM.

    The only good people in MLM are the ones who haven't figured out how bad MLM is.

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