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Thread: USFIA the new bomb. Creators of gemcoin

  1. #26
    MrBlueAmber is offline Junior Member
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    Re: USFIA the new bomb. Creators of gemcoin

    well, just to inform you, GEMCOIN is now making a big show in Dubai. Check out this page of the Ruler of Dubai. GEMCOIN | Annual Investment Meeting If it is a bomb, it is a BIG one.

  2. #27
    NikSam is offline AntiCon Artist
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    Re: USFIA the new bomb. Creators of gemcoin


  3. #28
    NikSam is offline AntiCon Artist
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    Re: USFIA the new bomb. Creators of gemcoin

    Quote Originally Posted by Lorry Driver View Post
    Can anyone help to let me know how to report USFIAC / Gem Coin to the relevant authorities to expose their misrepresentation?
    You can also report them online to US SEC and to California Department of Business Oversight

    In your complaints include California's company numbers these criminals use, alert from Spain, criminal case from China.
    Do not attempt to confuse authorities with gemcoins as these criminals do, but clearly describe their investment scheme for which nobody in the world issued them a license.

  4. #29
    NikSam is offline AntiCon Artist
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    Re: USFIA the new bomb. Creators of gemcoin

    Quote Originally Posted by MrBlueAmber View Post
    well, just to inform you, GEMCOIN is now making a big show in Dubai. Check out this page of the Ruler of Dubai. GEMCOIN | Annual Investment Meeting If it is a bomb, it is a BIG one.

    So ? one more "ruler" got tricked and got in bed with criminals, happens every day.

    The best fun you can make of it is to go to the media, so they rip his ass.

  5. #30
    NikSam is offline AntiCon Artist
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    Re: USFIA the new bomb. Creators of gemcoin

    Seems like USFIA just lost its attempted trademark for "GEMCOIN".
    USPTO asked for their response as their application for the mark is generic and migh create confusion with "GEM" and "COIN".

    USFIA failed to respond for a half a year.

    USFIA_TM_exp1.jpg
    USFIA_TM_exp2.jpg

    URL: USPTO TSDR Case Viewer

  6. #31
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Gemcoin warned as potential unregistered fraud in Spain

    cincodias.com/cincodias/2015/05/18/mercados/1431936937_999222.html

    EDIT: Ooops, Niksam got there in front of me already. :D
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  7. #32
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

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  8. #33
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    NOTE the TM application may be switching to "Wealthcoin", or was Gemcoin second and Wealthcoin first? Same applicant (owned by Steve Chen).

    Note, he apparently also switched name in the last 10 years, from Li Chen to Steve Chen
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  9. #34
    NikSam is offline AntiCon Artist
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  10. #35
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Quote Originally Posted by MrBlueAmber View Post
    well, just to inform you, GEMCOIN is now making a big show in Dubai. Check out this page of the Ruler of Dubai. GEMCOIN | Annual Investment Meeting If it is a bomb, it is a BIG one.
    After reading the AimCongress website, it's quite simple... Johnson wasn't invited. He's simply along as a "gala dinner sponsor" representing Mr. Chen the company owner to attend the event as a sponsor. He didn't get to speak.

    AFG paid at least $100K USD (2014 price, may have gone up) to be gala dinner sponsor just to buy publicity. They also didn't win anything this year, unlike some claims.
    ---
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  11. #36
    littleroundman is offline Administrator
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    Re: USFIA the new bomb. Creators of gemcoin

    I suppose if you're going to tell lies, you might as well make them whoppers.

    We bring you this weeks' entrant in the "SPOT THE HYIP PONZI BULLTISH" competition straight from the
    GemCoin US page on Facebook

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

  12. #37
    littleroundman is offline Administrator
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    Re: USFIA the new bomb. Creators of gemcoin

    Nothing like having friends in high places if you're going to try and foist a ponzi / pyramid fraud disguised as a new cryptocurrency on people, is there ???

    From InvestGemCoin.com



    The gentleman himself from the website of the City of Arcadia in California



    One wonders how much the good citizens of Arcadia know about the extracurricular activities of their elected representative
    The only thing necessary for the triumph of evil is for good men to do nothing

  13. #38
    littleroundman is offline Administrator
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    Re: USFIA the new bomb. Creators of gemcoin

    A couple of questions arose when I came across this little piece of nonsense on InvestGemCoin.com



    * What are the chances of 7500 ATM machines which payout non existent Gemcoins EVER being rolled out, much less anytime soon ???

    * How happy will Visa, Mastercard, Maestro, Cirrus, American Express and Diners Club be when they find out their name and trademarked logos are being associated with a blatant fraud like Gemcoin ???
    The only thing necessary for the triumph of evil is for good men to do nothing

  14. #39
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    They use Global Cash Card. It's on Cari.com.my somewhere.
    ---
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  15. #40
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    It's now July 4th and there is no "virtual currency exchange" in California, is there? If there is, it's operated by USFIA, not "state of california" as claimed by Chen and co.

    Wonder if they'll claim that city of arcadia can speak for the entire state?

    AB129 simply stated that "previously law stated that California business can ONLY do business with US legal tender. This restriction is now removed. It did not "legalize" any virtual currency. It simply stated that California business are no longer "restricted" to US Dollars.

    One had to "creatively interpret" the law to claim this "legalized Gemcoin".
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  16. #41
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    ---
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  17. #42
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    ---
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  18. #43
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Quote Originally Posted by littleroundman View Post
    A couple of questions arose when I came across this little piece of nonsense on InvestGemCoin.com



    * What are the chances of 7500 ATM machines which payout non existent Gemcoins EVER being rolled out, much less anytime soon ???

    * How happy will Visa, Mastercard, Maestro, Cirrus, American Express and Diners Club be when they find out their name and trademarked logos are being associated with a blatant fraud like Gemcoin ???
    This can only be two "stunt" ATMs installed at the Arcadia HQ of USFIA. That huge Gemcoin logo in the background is a giveaway.

    EDIT: Confirmed, it's instaleld in USFIA's own lobby:

    ---
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  19. #44
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    One more update: Did USFIA got their own security guard to wear a suit and go on stage to be "professional gemstone appraiser"?

    A (MLM) Skeptic: USFIA Update: Who is this security guard and was he also identified as gemstone appraiser?
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  20. #45
    littleroundman is offline Administrator
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    Re: USFIA the new bomb. Creators of gemcoin

    Yet another government moves to warn the public about the illegal activities of USFIA / Gemcoin



    You can download the CNMV warning in .pdf format
    The only thing necessary for the triumph of evil is for good men to do nothing

  21. #46
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Uh, NikSam posted that back on May 27th!
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  22. #47
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Turns out USFIA stole the name from a REAL "America Mine Holding" from Shenzhen China.

    A (MLM) Skeptic: USFIA Update: Turns out all both the Chinese name and the English name may have been stolen
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  23. #48
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    And my write up on the ATM, it costs less than $5000 to have those two ATM installed.

    A (MLM) Skeptic: USFIA Update: Gemcoin ATMs (probably not) and warning in Spain about it being unlicensed investment

    Coming soon, a peek at the USFIA Scam... before Gemcoin.
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  24. #49
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Looking into a video made by a fan in 2014 shows that USFIA, even back then, was definitely talking up investments in Amber options and protostocks.

    After 2014, they switched from options + protostocks to Gemcoin.

    A (MLM) Skeptic: USFIA Update: What was USFIA doing before Gemcoin? Exactly the same thing... selling promises of amber
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    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
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  25. #50
    kschang is offline Senior Scambuster
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    Re: USFIA the new bomb. Creators of gemcoin

    Checking a copy of their comp plan from circa early 2014 shows that there are MINIMAL differences between that one and the current one.

    Any claims that China was a rogue operation is bull****. If it was, there's no way they'd have continued using the same bogus ponzi comp plan.

    Even the terms used are the same: managerial monthly salary was one of the many ways to be paid.

    Same owner (Steve Chen), (mostly) same comp plan, same schtick (amber), same company name (USFIA), same location (Arcadia, suburb of LA)... the only thing different is instead of investing in amber options and protostocks, your money now are in Gemcoins, but it's STILL based on amber.

    Maybe we should get the Chinese embassy involved. :D
    ---
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