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

Let the purging of the promoters videos and cleansing of their FB pages begin.

Have we heard this excuse before? It's a good one.


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Don't think so but we've definitely heard this one from Sharon James before.
Oh and they've got prepay credit cards coming, that's a new one not.

https://youtu.be/EBScXZQH9wk

"Another day, another regulatory condemnation of USI-Tech’s Ponzi scheme.

The latest warning is from the Canadian province of Novia Scotia."

USI-Tech investor alert issued in Nova Scotia, Canada

Originally Posted by Char

Have we heard this excuse before? It's a good one.


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See I told you that this was Good News! Thank you Tara Brew for proving my point.

Only one itsy-bitsy, teenie-weenie problem with your logic Tara. It doesn't apply. This is the beginning of the end for USI-TECH. You are about to learn a very embarrassing and costly lesson.

Originally Posted by EagleOne

Only one itsy-bitsy, teenie-weenie problem with your logic Tara. It doesn't apply. This is the beginning of the end for USI-TECH. You are about to learn a very embarrassing and costly lesson.

Tara Brew expresses the most blistering radiance of ignorance I have seen in a Facebook post recently.
Yes, Tamlyn. It's all "legitimated" now.
You go girl!

SD

.

Rather large active Aussie group for this scam on FB....
https://www.facebook.com/groups/125225684846803/

Admins for the group....
https://www.facebook.com/danielle.mc...location=group

And...
https://www.facebook.com/sheree.evan...location=group

A lil digging into their scamming history is high on my todo list....

It's a lil cultish in there with all the ra ra being about how fast people can get to 1000 packages or ruby package....Gonna be a lot of poor people in that group soon...

The Texas warning is being dismissed as "2 affiliates did something wrong so nothing to worry about"....SMFH!!!

In the words of littleroundman, it's beginning to look a lot like "Black Christmas"....

A long shot but if this is being hosted here in Aus I'd love to make a phone call...
Free USI-Tech Calculator (For Australia) - USI-Tech Team Australia

Originally Posted by okosh

A long shot but if this is being hosted here in Aus I'd love to make a phone call...
Free USI-Tech Calculator (For Australia) - USI-Tech Team Australia

Healthinomics

Originally Posted by Bestbud

"Another day, another regulatory condemnation of USI-Tech’s Ponzi scheme.

The latest warning is from the Canadian province of Novia Scotia."

USI-Tech investor alert issued in Nova Scotia, Canada

nssc.novascotia.ca

Originally Posted by Okosh

Rather large active Aussie group for this scam on FB....
https://www.facebook.com/groups/125225684846803/

Admins for the group....
https://www.facebook.com/danielle.mc...location=group

And...
https://www.facebook.com/sheree.evan...location=group

Danielle McFarlands' danielle.mcfarland page on Facebook



Sheree Evans' sheree.evans1 page on Facebook

Ever see something and finding you get a creepy feeling you've seen it somewhere before ???

It's known as "deja vu" and here's your daily dose:

And the signs just keep rollin' in:



I pity the poor newbies who have no idea

Hmnn, didn't Paypal refuse to accept new deposits into Traffic Monsoon a month before it froze the TM accounts ???



Wanna bet Australian banks are doing the same NOT because they "refuse to work with the Digital Currency Industry" but because they know USI-Tech is a fraud

USI-Tech isn't part of the "Digital Currency Industry" any more than Traffic Monsoon was part of the "Online Advertising" industry or Zeek Rewards was part of the "penny auction" industry

I guess the big question is - "Will USI-Tech still be around in May or is this another sign it's inevitable demise is getting closer" ???

I don't understand the bit with the banks...you cant deposit but you can withdraw??...

What sticks out in that group is how many problems people have with their accounts which means their cash is in limbo...
Also how confusing all the wallets are and the rediculous fees they paying...

It's wall to wall newbies in there...it's heartbreaking..

We can add this from the Manitoba Securities Commission to the list of regulatory warnings



You can read the original warning here at: mbsecurities.ca

Originally Posted by okosh

I don't understand the bit with the banks...you cant deposit but you can withdraw??...

Read: "We are not going to allow you to victimize people, but your current victims have a chance to get their money back "

If you remember, Paypal did the same thing with Traffic Monsoon

I am the admin for the USI TECH scam Facebook page. My page got removed from Facebook as USI TECh enlisted a German law firm that alleges I am infringing on their copyright and I am not authorised to represent the subject matter of the content.
I am obviously working to get this ban reversed but it's hard to get a contact or address to send Facebook the 4 warnings by financial authorities to show this is a Ponzi business and I am performing a service by using my page to warn people about them. Also under freedom of speech laws I am Allowed to warn the public about any danger they might be facing.

On another note I can see the day that Facebook will face a class action lawsuit for allowing Ponzi companies to operate freely and advertise and also let fraudsters the like of Simon stepsys and Sharon James have pages but remove the pages of people discussing their fraudulent activities. I can't wAit for that day to come.

If anyone has any contact details for Facebook, do let me know as they did not supply me with one when they messaged me.

Wanna know why people fall for the same scheme time and time again? It's because of the double speak like the crap written below. Tricky *******.

Paul Bartleson This week the Texas Securities Bureau issued a Cease and Desist Order against USI-Tech and two of its promoters. This followed similar actions in New Brunswick and British Columbia by the Canadian Authorities. I personally hate banking institutions and the Federal Reserve is the biggest financial fraud in history. I am a supporter of free enterprise and people who want to make a change in the status quo.
Of course, there are many detractors of MLM in any form out there, and in their minds everything is a scam. There are those whose mission in life is to detract from anything and anyone else aspiring to do things in commerce. Usually they are wrong. Having an opposing opinion doesn’t make you a naysayer or negative autoresponder. Solid arguments and opinions are based on factual and historical analysis, not knee jerk reaction. Leaders open themselves up for criticism and make themselves targets for haters and people who are trolls or are doing nothing on their own, change their own lives or the lives of others. Success requires leadership and working through negativity and attacks. It also requires complying with the law.
USI Tech’s promoters have argued that they are not selling a security but instead selling a product, or “mining package.”
I have a lot of respect for the marketers who are associated with USI-Tech. The problem is they are simply wrong. They are uninformed or ignorant of what they are doing.
It is human nature not to like being proved to be wrong and so the instinctive reaction is to defend, deny and minimize criticism rather than to acknowledge, evaluate and accept. USI Tech’s official response to the Texas order was a predictable response and attempt at damage control.
First, the Order is attempted to be characterized as directed only at two independent rogue distributors, not the company itself. That simply is false. The order by its plain terms was directed at USI Tech and the two individuals. I suggest people read the Order itself. http://bit.ly/2l13WkP
The Order identifies various registration and disclosure violations. Failure to register as a securities dealer, failure to disclose investment risks, nature of debt and profits, failure to disclose the identity of parties to mining contracts, the nature of the mining contracts or facilities, and information regarding assets and liabilities and how they expect to return a 1% daily profit to investors.
USI-Tech claims it is not selling an investment but a product called a “mining package.” They can spin it however they want to but it’s not going to change its nature. It’s an investment contract which involves the payment of money in return for money or equivalent at a rate of return. It’s not going to pass the Howey test. They might convince a large amount of the grazing multitudes, the uneducated, the unsophisticated, the misinformed, but they aren’t going to convince the authorities at the Securities Bureaus, the SEC or a Federal Judge who are going to see right through the sham.
The contention is made that the Company has submitted documents to the SEC to bring itself in to compliance. Also, it is the only company that has attempted to do so. If they know they have to comply with the securities laws, they also know that they are marketing a security, not just a product called a “mining package.” Taking steps to register with the SEC might be noble and a step in the right direction. It doesn’t mean, however, that they are qualified to do business now. The statement was also made that the disclosures haven’t been made because that would get them into trouble with the authorities. This seems to be double speak. If they are required to make disclosures then they should have no problem doing them, unless they are waiting for approval, which may be the case.
It should also be noted that a securities violation doesn’t equate to a Ponzi Scheme. So the MLM bashers are quick to throw that term out there. USI-Tech could clean up the mess by making the proper disclosures, if they can. It should be congratulated on taking on a leadership role and trying to do things in the correct way. The C&D order requires them to desist until they comply with the securities laws. If they can’t then not only will it be a securities violation but also a Ponzi Scheme. But there is also a bigger and more practical problem. If USI-Tech is marketing securities, then all their agents would also have to be qualified meaning they would have to obtain a Series 7 license. Marketing securities is not like marketing nutritional products. That’s going to disqualify almost 99% of the distributors of USI-Tech. That’s a fundamental problem with any MLM venturing into the commodity or currency markets. It’s not a matter of deciding whether the company is ethical and moral or good intentioned. All of that doesn’t matter if it isn’t in compliance with the law.
I sincerely hope that the regulatory problems will be overcome and that the cryptos can change the existing monetary system.

Have you guys seen this video? Sorry if old, but so amusing to watch now in light of all the "real" info coming from agencies. What a bunch of lying dirtbags network marketers are.

Might be one worth saving if someone hasn't already.

When is the SEC going to do something about these liars errr I mean lawyers Hart, David, Carson LLP. No doubt they have cost many people money.

"Published on Aug 29, 2017Is USI-TECH A Legal and Real Company - US Legal Counsel Says Yes! Disclosure of the legal opinion from Hart David Carson LLP regarding the full legal compliance with FTC and SEC regulations and is a legal network marketing company with its two products (BTC and Forex) in the USA."

Oh how I love the holidays in Scamland.





Someone with D- Googling Skillset

Is anyone having problems withdrawing from USI? Some of my team members are usable to withdraw? What's these scam news some people are talking about on YouTube?has an official statement been released?



Karen Robinson
Group Admin
I hate to say it but my last withdrawal has not even been paid yet in 48 hours. I think USI may be monitoring the blockchain to approve withdrawals when it is less congested possibly. Not sure if that's the case but never waited this long for one to be paid, and then still has to navigate the congested blockchain. It was not small over 0.11 btc. Will be so happy for the exchange to be implemented

Karen Robinson
Group Admin
Also withdrawals from 4-8th are stuck anyway so you have a double whammy. sorry it will be there in time.


Random Numpty

My withdraw sent to bitpay but hasn't confirmed in blockchain so not available

Hopeful idiot

I withdrew the other day and just took 36 hours to reflect on my wallet. Its longer than my previous withdrawal so everythings fine I guess.

Patient Patty

I've withdrawn on the 4th and still received nothing yet it says paid on my usi account

Buffet Jr.

No just wait mate it took 9 days for me to send £30 but it did arrive.

Catching on Carl

my question is when in my contract did i sign up to say that the withdrawl amount would come outand for someone who has less then 1000 pound in has to wait 2 months before they can take anything out... is that not a scam alone we should of had the option to cahs out before they just go and do this

the 140 percent in 140 days is now false advertisement because youll have to wait 300 days to pull out a 50 pound capital injection

Even new purchases are FUBAR Frank

I need help please! One of my Direct Affiliate sent some bitcoin to the USI-TECH supplied wallet address last week Thursday to buy some Packages. Up till now her wallet balance is reading zero and, she is therefore unable to purchase any Package. Please help!

Similar Song Sam

I have a similar problem.One of my directs purchased a btc package using Payza on 14th, i.e. 9 days ago. The money showed up as leaving Payza the same day but so far he has no package and I have no commission !! How long does a package take to appear these days using Payza as I remember buying my first one back in May using this method and the whole process only took about 10 mins !!