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

Recently they changed their story. They claimed some unnamed billionaire "donated" the patent to them.

and the patent number is? asking for a friend.

Quote:

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Originally Posted by Whip

and the patent number is? asking for a friend.

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A friend with deep pockets and no sense, I presume.

a cynical friend that doesn't believe it. :RpS_smile:

Quote:

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Originally Posted by Bestbud

https://www.youtube.com/watch?v=blGW...ature=youtu.be

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People are so screwed. I sat and watched this while out of town on business, real business not screwing people over on the web Macabi/Little business. Keifer doesn't answer a single question and gets some very obvious things dramatically wrong. No one actually in the business would take this guy seriously.

Quote:

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Originally Posted by ribshaw

This interview was a f*****g embarrassment, 51 minutes of scammer speak with no proof of trading. Ari needs to start calling Darren Little his lapdog instead partner with the Punch and Judy show those two run.

If USI funds are going into a hedge fund( they're not monkeys) the the law is being broken because only https://www.investopedia.com/terms/a...edinvestor.asp can be solicited. This couldn't be any more clear, perhaps Ari should put down the Slim Fast shakes and learn what the hell he is talking about.

Next, there are massive reporting and tax implications when hedge funds accept money from foreign investors. It's not something up for discussion, anyone that isn't a hack knows this.

Third, hedge funds are partnerships and issue K-1s not 1099s maybe don't send a guy to the Philippines that can't even be bothered to get this right.

As for an audit of the alleged hedge fund in February, so unlikely I can't consider it anything more than another lie. With rare and I mean rarer than leftovers on Ari's plate exceptions a calendar year end would be used.


"The calendar year is the required tax year for most partnerships and for all S corporations unless a business purpose for a fiscal year exists."

http://www.dsbcpas.com/scorp/444compliance.html

https://www.irs.gov/publications/p538

Then there's the whole problem with advertising prospective returns like 1% per day being illegal. Past performance can be advertised if independently audited. I don't know what "hard questions" pie for breakfast Maccabi was talking about, a star nosed mole could see how many laws are being broken.

https://www.bna.com/performance-enha...ts-prohibited/

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http://www.realscam.com/f11/ari-macc...tml#post117822

World class...


Hi Usi-Tech team, I have deposited BTCs in order to buy BTC packages and tokens on your site but they just got lost. Only 100 tokens are visible and those even in the transaction history. Nothing on my Back office. Sent you several emails, No reply. Nothing. Called you on these phone numbers, just machine message there. +1 702 522 1640, +1 866336 9591

helllllllllpppppppppppp please. https://www.facebook.com/usitech2016/

Hi ya
I’m in serious need of some help

I have a downline who joined early September who hasn’t been paid out

We have created tickets, called several times, left voicemails etc

Also I need some verification emails resending

Another account that had pw changed and not yet received new pw email

Another account that hasn’t been paid out on 110 packs

I really don’t know which way to go

Any help would be greatly appreciated

https://www.facebook.com/groups/3900...05874621459725

Nice Cameo from Faith Sloan, but mostly this is for the idiots that will say so what if this is a Genesis mine being passed off as USI Tech.

https://themerkle.com/genesis-mining...-ponzi-scheme/





There are a couple of paths one can take, no matter they are stepping in poo.



https://www.youtube.com/watch?v=hsGiWp7AvGk

krezo33
4 days ago

This is clearly Genesis Mining farm. You can see the same building, racks , roof, etc. on Genesis Mining video Usi tech. Please explain!


https://www.youtube.com/watch?v=Eqxu_fwrDZM&feature=youtu.be&t=26s



Of course I am of the mindset that USI simply showed a bunch of techy garb and pretend to have a mining farm. But what if their claims are gospel, well in that case financial disaster.

Attachment 20719

If USI Tech could mine 15 BTC per day, that would imply about $120,000 at today's price of around $8,000. Let's pretend zero mining expenses thanks to the magic energy briefcase. I've seen claims of USI Tech selling over $300M in BTC packs, meaning their nut is roughly $3,000,000 per day to be paid back to investors. Any math majors want to explain how USI pays $3M with $120K or guess why server migration and withdrawal issues?

Did Faith Sloan make a video about USI-TECH? If so, post the link to the video as I want to send the link to the officer in charge of her case with Telex-Free.

Ribbie, you've got to stop posting facts exposing USI-TECH for the Ponzi it is. It's bad for recruiting don't you know, and Frank, Faith and all the other major promoters need more suckers, err clueless, err marks, err brilliant, educated people to join them that understand and see the true brilliance of USI-TECH. You're just a hater.

Quote:

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Originally Posted by EagleOne

Did Faith Sloan make a video about USI-TECH?

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She's not in USI Tech as far as I can tell, mostly muddying the water on a few threads.


Attachment 20720

Result: Is USI Tech Another Bitcoin MLM Scam?

Attachment 20721

https://themerkle.com/is-usi-tech-an...coin-mlm-scam/

Attachment 20722

https://bitcoinexchangeguide.com/usi-tech-coin-ico/


This is one of her latest videos, same crap as before with an ICO flair.

Quote:

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Originally Posted by EagleOne

If so, post the link to the video as I want to send the link to the officer in charge of her case with Telex-Free.

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https://www.youtube.com/watch?v=QVg1_T0nJzw

If you think this guy saved the day for USI Tech, think again.

Attachment 20725

More knowledge dropped here...

http://www.realscam.com/f11/ari-macc...tml#post117855

So my second comment wasn't very nice but screw James Lockett and people like him. If you're promoting an opportunity and are told two CEOs of bitcoin mining operations have disavowed any knowledge of contracts with USI Tech and you don't have answer for that you're a fraud. It took this charlatan about 30 minutes to delete/hide my comment, such a turn of events from the smug asshole that treated the first poster like he was an idiot.

https://www.youtube.com/watch?v=RU5rHXw_5hU


Attachment 20726

https://www.youtube.com/watch?v=JFOvvGdATzI

James and Grace Lockett

https://www.facebook.com/jameslockett?fref=search

https://www.xing.com/profile/JamesAndGrace_Lockett

Mark "The Gerbil" Ghobril no stranger to Real Scam.

http://www.realscam.com/f8/banners-b...tml#post102611

http://www.realscam.com/f9/my-advert...html#post98944

http://www.realscam.com/f8/banners-b...html#post81252

http://www.realscam.com/f8/imarketsl...html#post69047

http://www.realscam.com/f9/numis-net...110/#post75963

Quote:

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Originally Posted by ribshaw

So my second comment wasn't very nice but screw James Lockett and people like him.

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So,

Serial ponzi pimps such as James Lockett and his cohorts are allowed to ignore the law by indiscriminately stealing, defrauding, lying, cheating and deceiving on a regular basis and posters are supposed to treat them with some sort of "respect" ???

I think not

Quote:

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Originally Posted by littleroundman

So,

Serial ponzi pimps such as James Lockett and his cohorts are allowed to ignore the law by indiscriminately stealing, defrauding, lying, cheating and deceiving on a regular basis and posters are supposed to treat them with some sort of "respect" ???

I think not

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Glad my indiscretion can be tolerated. James and Grace Lockett email Globalone2one@gmail.com will be getting a little more attention today.


I'll have to say I find it unlikely that Grace allegedly has a USI Tech business bigger than James and would ask "how we doing in the business?" A more likely scenario is they set up a second account to cheat on commissions. USI now allows for multiple accounts in the same household which to me says they are more concerned with raising fresh cash than people cheating their sponsors. I digress.

Of course the numbers in this video with the Lockett's could be complete fabrications, what is absent is how much they are making suckering others to invest. Bragging they are both eligible for the car bonus while cooing over a few packs, looks to me like they don't eat much of their own cooking.

https://www.youtube.com/watch?v=daS_vM1x_i4

In related news, people setting up fake accounts for con artists = always funny. Google wasn't worried though, the scamster was stealing less than the Locketts.

https://www.youtube.com/watch?v=dADsHZV9riQ

Ribshaw is thankful on this Thanksgiving day he doesn't have to steal to fund his lifestyle. The Locketts have promoted so many scams in the past year they probably warrant their own thread. However, since USI Tech is one of the few still running, it's important for people looking at it to ask how it ends?

A picture, 1000 words and all that...

Attachment 20729

First of all USI Tech is big, but probably not as big as being claimed by the promoters. Web traffic stats say they are lying, nothing new. The second concern buried in these links is the referring and destination sites are all hallmarks of a Ponzi, not a serious business.

Engagement

Total Visits October 2017 222.28K
Bounce Rate 26.11%
https://www.similarweb.com/website/u...t.com#overview

https://www.alexa.com/siteinfo/usitech-int.com


James and Grace Lockett so many scams


Call (509) 368-7239
@globalone2one
globalone2one@gmail.com
Home - Global One2 One
https://www.facebook.com/pg/globalon...=page_internal
https://www.youtube.com/channel/UC7A...d4PeWomPVGQI9g

Attachment 20730
Attachment 20731

In this video Lockett claims to have "busted" Crypt Trade Capital, this of course after he promoted it and its collapse. Regular deputy dog this one.

https://www.youtube.com/watch?v=Z55AivcomrI


Attachment 20732

Cryp Trade Capital Review: 361% annual crypto trading ROI?


I'm shocked that something called "Speedcoin" turned out to be a Ponzi. I'm not really, anytime something like this is being pimped all over the webs and on the HYIP Monitor sights its a scam.

https://www.youtube.com/watch?v=bmFXvEf5Z8Y

Attachment 20733

https://bitcointalk.org/index.php?topic=579141.0;all

https://azhyipmonitor.com/hyip_speed_coin.html



Other than a better backstory how exactly is USI Tech any different than Crypt Trade Capital and Speedcoin, that was a rhetorical question.

This is all the crap I found peddled by James and Grace Lockett on their YouTube Channel. Two points! Did anyone foresee the inevitable, yes the haters every single time. Did the Lockett's suddenly find an winner with USI Tech, please my lips are chapped don't make me laugh.

http://www.realscam.com/f8/likesxl-a...ped-scam-4288/

http://www.realscam.com/f9/future-ne...ns-prize-4483/

http://www.realscam.com/f9/exitus-bi...tevenson-4509/

Bitclub Network, who possible could have seen this coming?

BitClub Network Review: Zeek Ponzi veterans at it again...
BitClub Network terminate early investor contracts

BitClub Network abandon US, on the run from regulators?

ISN, yeah you can probably stack coins much cheaper elsewhere. And collectible/numismatic coins unless you're a professional are a real suckers play.

ISN Coins Review: Autoship + numismatic coins
BitClub Network abandon US, on the run from regulators?

Reboots are what is happening with USI Tech every time they roll out a new product. That's how the scams dues it when funds and recruiting dry up.

Lead Lightning Review: Power Lead System rebooted
Power Lead System Review: Accelerated leverage?

Bitconnect, yeah this doesn't sound anything like USI Tech.

BitConnect Review: BitConnect Coin pump & dump with Ponzi ROIs

Good gravy man, you wear a scambuster out with the filth you peddle.

Attachment 20734

My Paying Ads Scam? Yes It Is In My Opinion! - Ethan Vanderbuilt


Gold Reward ICO and lending, oh FFS.

https://bitcointalk.org/index.php?topic=2248521.0;all

James Lockett gets all huffy implying things Hart David Carson didn't day.

Call (509) 368-7239
@globalone2one
globalone2one@gmail.com
Home - Global One2 One
https://www.facebook.com/pg/globalon...=page_internal
https://www.youtube.com/channel/UC7A...d4PeWomPVGQI9g

The crux of what Hart David said was the FX Trading Software was legal, no **** not a single hater said it wasn't. Although I will add that that trading software is no longer being offered, making this whole ruse even sillier.
What is at issue is the 1% per day Ponzi scheme being promoted by USI Tech, not addressed by Hart David.

OZ as usual did some great reporting on this charade, I'll quote him below.


https://www.youtube.com/watch?v=vRQE7dcCNBs

Attachment 20735

Quote:

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Originally Posted by Behind MLM

Whereas MT4 trading software as software code is obviously legal (not so much what USI-Tech do with it), the 140% ROI BTC packages are stand-alone.
From a regulatory standpoint, certifying USI-Tech’s BTC packages as a securities offering is straight-forward.
Affiliates deposit 50 EUR and receive a passive 1% daily ROI, capped at 140%.
In the past the SEC has clarified that, irrespective of what is or isn’t bundled with a ROI offering, the fact remains that any MLM investment offer is a security.

Not surprisingly, this was not addressed in USI-Tech corporate’s stage presentation of Hart & David’s legal opinion.


Probably the most prominent example is Gerry Nehra who, in a similar fashion to Hart & David’s legal opinion of USI-Tech, publicly claimed the Zeek Rewards and TelexFree Ponzi schemes were legal.
After the SEC shut down both scams, for his efforts Nehra found himself on the receiving end of a $100 million dollar lawsuit filed by the Zeek Rewards Receiver.
Nehra settled and in the settlement agreement had to acknowledge that Zeek was a Ponzi scheme.

Legal opinion claims USI-Tech's unregistered securities legal in the US?

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People may remember Hart David from the two sham lawsuits oh so quickly tossed by the courts during the days when http://www.realscam.com/f9/my-advert...html#post98308 was the cats meow.

ICO or Ponzi Reboot number 4?

https://bitcointalk.org/index.php?topic=2357710.0


Statement on Potentially Unlawful Promotion of Initial Coin Offerings and Other Investments by Celebrities and Others
https://www.sec.gov/news/public-stat...promotion-icos


Depending on the facts and circumstances, the offering may involve the offer and sale of securities. If that is the case, the offer and sale of virtual coins or tokens must itself be registered with the SEC, or be performed pursuant to an exemption from registration. Before investing in an ICO, ask whether the virtual tokens or coins are securities and whether the persons selling them registered the offering with the SEC. https://www.sec.gov/oiea/investor-al..._coinofferings

A member of ribshaw nation was kind enough to provide me with these documents. Forthwith, henceforth, therefore, and spoonful I believe them to be copies of the engagement presentation done by Hart, David, Carson on behalf of USI Tech.

The first two don't say much. Legal Eagle blah blah.

Attachment 20736

Attachment 20737

The voice on the video below I believe to be of one Mark "The Gerbil" Ghobril. The FX product to the best of my knowledge is no longer being offered by USI Tech. So this part of the engagement with Hart David Carson is meaningless at this juncture.

Attachment 20738


One thing I will point to is the floating Profit and Loss (open trades per The Gerbil) for every account depicted in this screenshot is negative. In every case the closed Profit and Loss is less than the floating P&L, if my trading account looked this bad I would go mop floors at a bakery.

We can play all the math games we want, the software isn't showing anything close to 1% per day in profits.

Attachment 20739
Attachment 20740
Attachment 20741

USI-Tech Forex Trading Robot Results. THIS SOFTWARE LICENSE IS NO LONGER OFFERED AS OF 11/1 unless you already own the license. THEY ARE LAUNCHING A NEW PASSIVE PRODUCT THAT INVOLVES FOREX so if you loved this, you will love that! Stay tuned for this exciting product.

https://www.youtube.com/watch?v=Rpv3gSJHHRs


No matter, the software is no longer offered and this affiliate has indicated USI Tech has moved to a passive product involving FX. Not included in the scope of this Hart David Carson so I'm seeing nothing where they say the Passive FX product is all legal uppity uppity.

Quote:

---

Originally Posted by ribshaw

if my trading account looked this bad I would go mop floors at a bakery.

---

or feverishly defend sharley and his scam until it's time to hide.

This is probably the most important slide in the presentation when you consider what it doesn't say.

It doesn't say anything about passive profits from the sale of the FX Trading software.
It doesn't say anything about passive profits from FX Trading.
It doesn't say anything about passive profits from BTC Trading.
It doesn't say anything about passive profits from BTC Mining.
It doesn't say anything about Mike Kiefer's hedge fund ramblings.
It doesn't say anything about the ICO.


What it does say is users are purchasing portions of server capacity within a server farm. Are USI Tech members individually dialing into a shared server and mining for BTC like this document implies? I've seen nothing to indicate that is happening. If that's not occurring how is this document in any way relevant?

Attachment 20743

Let's look at what happens in reality. Someone sends BTC to buy BTCP. On that purchase they allegedly passively get a return of up to 1% per day for 140 days at which time the pack(s) mature. People are paid multiple levels of commission on these BTCP sales. Any of that sound like mining BTC?


I'm sure not as book lerned as these internet marketers but in my humble hillbilly opinion what is going on with USI Tech sounds a hella lot like this:


In Howey, two Florida-based corporate defendants offered real estate contracts for tracts of land with citrus groves. The defendants offered buyers the option of leasing any purchased land back to the defendants, who would then tend to the land, and harvest, pool, and market the citrus. As most of the buyers were not farmers and did not have agricultural expertise, they were happy to lease the land back to the defendants.

The SEC sued the defendants over these transactions, claiming that they broke the law by not filing a securities registration statement. The Supreme Court, in issuing its decision finding that the defendants' leaseback agreement is a form of security, developed a landmark test for determining whether certain transactions are investment contracts (and thus subject to securities registration requirements). Under the Howey Test, a transaction is an investment contract if:

It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

Although the Howey Test uses the term "money," later cases have expanded this to include investments of assets other than money.

What Is the Howey Test? - FindLaw

Substance Over Form

In deciding Howey, the Supreme Court created a test that looks at an investment's substance, rather than its form, as the determining factor for whether it is a security. Even if an investment is not labeled a "stock" or "bond," it may very well be a security under the law, meaning that registration and disclosure requirements apply. After the creation of the Howey Test, some promoters masqueraded securities to try and escape registration requirements (such as by calling an offer of securities an interest in a general partnership). To deal with these charades, courts look at the economic realities behind an investment scheme, rather than at its name or form, to determine whether it is a security.

Does this say the any of these security offerings has been registered with the SEC?

Attachment 20744

If the SEC was going to shut down USI Tech I doubt they are broadcasting to anyone. Really this is a bit of legal nothingness. There is a good chance USI Tech will simply collapse under its own weight and the promoters will move on to their next scams. As indicated in previous posts almost all the people pushing this scheme have done similar for years with impunity. Under the best case scenario the feds will move in and appoint a receiver to claw back some of the ill gotten gains. Participants in most Ponzi schemes can expect to get back pennies on the dollar.

Those of you thinking that if USI was illegal the authorities would have shut it down by now have been watching too much Law and Order.

Attachment 20745

In my opinion this slide is a joke, USI Tech is offering up to 1% per day on money purchasing BTCP. Affiliates are doing everything possible to skirt the word investment, and I've seen nothing close to compliance with the FTC's guidance on selling work from home opportunities.

Attachment 20746

The Earnings Claim Statement

If you make a claim expressly or by implication about how much money a person can earn from your business opportunity, you have to put the claim in writing. Furthermore, it's illegal to make an earnings claim unless you have written materials on hand that back up what you're saying. You have to make those materials available to a prospective buyer or to the FTC if they ask for them.

If you make an earnings claim, you have to give the prospective buyer a separate document that clearly says across the top EARNINGS CLAIM STATEMENT REQUIRED BY LAW. What has to be on that document?

The name of the person making the claim and the date;
The specifics of the claim;
The start and end date those earnings were achieved;
The number and percentage of your buyers who got at least that result;
Any information about the buyers who got those results that might vary from prospective buyers – for example, where they're located; and
A statement that prospective buyers can get written proof for your earnings claims if they ask for it.

https://www.ftc.gov/tips-advice/busi...y-revised-rule

Let's wrap this **** up with what is currently being sold. On (1.) people don't have to make a purchase to sell the product, keeping in mind it the concern is that USI Tech's BTCP are more of a Ponzi with a Pyramid marketing model. Koscot would not apply as much as Howey.
On (4.) there has been no proof shown that greater than 50% of the trading licenses or BTCP have been sold to people not in the scheme.
Attachment 20747

The Koscot Pyramid Test, often shortened to Koscot Test. It has four parts:

(1) Payment of money to the company; USI TECH ✔️ (Absent independently audited proof most likely)
(2) The participant receives the right to sell a product (or service); USI TECH ✔️
(3) The participant receives compensation for recruiting others into the program; USI TECH ✔️
(4) The compensation is unrelated to the sale of products (or services) to the ultimate user. USI TECH ✔️(Absent independently audited proof most likely)

Koscot case has been referred to in every suspect pyramid scheme case since.

A (MLM) Skeptic: MLM Dictionary: Koscot Test

All seven Ponzi Red Flags are present wth USI Tech, but I'm sure that's just the SEC's jealousy and desire to keep little people down.

What are some Ponzi scheme "red flags"?

High investment returns with little or no risk
Overly consistent returns
Unregistered investments
Unlicensed sellers
Secretive and/or complex strategies
Issues with paperwork
Difficulty receiving payments

If you are aware of an investment opportunity that might be a Ponzi scheme, contact the SEC by phone at (800) 732-0330 or submit a tip online at https://denebleo.sec.gov/TCRExternal/index.xhtml

https://www.sec.gov/fast-answers/answersponzihtm.html

Let's focus on overly consistent returns, like up to 1% per day for 140 days. Not only daily payouts like clockwork but USI Tech accounts never showed a drawdown when the BTC price plunged 25-30% on several occasions. How likely is that?

This is another screenshot from The Gerbil highlighting the magic of the USI Tech trading software. Long story short this account shows a drawdown of 25%($2000 invested/ current equity $1500). Mark says this is a regular occurrence with this system, they see it all the time. How can USI be paying returns every business day if their system is routinely operating with massive drawdowns?

Additionally, I have no idea how Ghobril shows a chart with the value going up, only to say more smoke and mirrors. To me it looks like all they are doing is harvesting small profits and letting losses accumulate praying they turn back into profits. This is a ruse many financial hucksters use to make returns look better than they are. Suffice it to say in the real world if you have a short term trading account that regularly takes hits this big your account will be going to zero sooner rather than later.

How is it again USI Tech has such consistent returns?



Attachment 20749

https://www.youtube.com/watch?v=ILyCWUemQIA&feature=youtu.be

Desperate to provide evidence of an external source of revenue, about a week ago USI-Tech affiliates began circulating footage of “a new data center in Iceland”.

Genesis Mining denies USI-Tech partnership, Omnia Tech C&D

So, about a week ago we started seeing USI-Tech affiliates breathlessly posting this video all over the 'net:

https://vimeo.com/244414843
http://imageshack.com/a/img922/1622/SYQzge.png

Today, we have Genesis Mining coming out with these announcement on the Genesis Mining Twitter page denying any involvement with USI-Tech and further claiming USI-Tech is, in fact, passing off video of Genesis Minings' server farm as its' own.

http://imageshack.com/a/img924/9035/I1luO3.png
http://imageshack.com/a/img922/7508/D0lFXV.png

It's interesting to note also that Genesis has been forced to explain it's only association with Omnia-Tech came by virtue of selling Omnia hardware

The never ending flow of bullshit continues.
https://neworleans.craigslist.org/sl...401054644.html

We are a Global Company looking for Marketing and Sales Executives to help expand into the New Orleans market. We specialize in the Bitcoin and currency markets. We have sales positions or a return on capital opportunity with earnings up to 1% per day. Bitcoin knowledge is important but not mandatory. The successful candidate must be coachable and have good communication skills. In house sales training is provided. The position can be part time or full time.
Please watch the video below and call the recorded message with your contact information including name and phone number:

https://youtu.be/10Z1kkKskoQ
540-402-0043 code: 5050

The FXBLUE account for USI Tech was set up by an Eagledrivel7. For 326 days the total return on his portfolio was 9.3%, a far cry from the 1% per day USI Tech claimed to be paying out when they were running the FX portion of their Ponzi.


Attachment 20757

https://www.fxblue.com/users/usi2017/portfolio

USI-Tech Review 2.0: Forex auto-trading dropped for bitcoin Ponzi


As usual, a cadre of other business opportunities that involve recruiting in lieu of a lifetime trading the markets.


The Bitpay days on Pintrest

Attachment 20758

https://www.pinterest.com/eagledriver7/

BitPays Global Review: Bitcoin-based 45 day Ponzi ROIs


The requisite scam promotions on YouTube

https://www.youtube.com/user/viperjet2009/videos

Attachment 20759

Look Ma, super coffee...

https://www.youtube.com/watch?time_continue=5&v=V3db_JAHO-0

https://www.youtube.com/channel/UC6A...ZXWb28g/videos

But not so super that team Beachbody was unnecessary...

http://www.teambeachbody.com/en_US/m...sn/eagledriver


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Dino Stylianopoulos | BetterNetworker.com