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

  1. #226
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"



    It's called "dealing with the proceeds of fraud" Jane.

    The banks in Australia are required by law to both report and freeze the offending accounts.

    Ask the Commonwealth Bank what happens if they don't act.

    Commonwealth Bank faces fines in the billions after admitting to breaching anti-money laundering laws

    It's not cryptocurrency they consider to be a fraud, it's USI-Tech they KNOW to be fraudulent.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  3. #227
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Quote Originally Posted by littleroundman View Post
    Apparently "Arbitrage" and "Risk Free Trading" are honky dory as long as you don't say the I word. Because let's face it words like that could mean almost anything in the context of up to 1% per day return on capital. Perhaps the money is coming from pixies?

    Risk free arb lies.JPG

    http://www.realscam.com/f11/james-gr...tml#post118761


    Following Danielle's "logic" I could open a brothel that sells food and be in compliance as long as I don't mention the P word.


    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.


    If an investment opportunity is open to many people, and if investors have little to no control or management of investment money or assets, then that investment is probably a security. If, on the other hand, an investment is made available only to a few close friends or associates, and if these investors have significant influence over how the investment is managed, then it is probably not a security.
    "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

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  5. #228
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Check out this particularly nasty development posted on the Usi-Tech-Scam page on Facebook



    One can only hope that common sense prevails or that the authorities come down hard and heavy on USI-Tech and the leeches pimping it before too much more damage is done.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  7. #229
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Another potentially catastrophic by product of the USI-Tech scam scheme has reared its' ugly head for Australian members.

    Superannuation in Australia is partly compulsory, and is further encouraged by the government and supported with tax benefits

    It is compulsory for employers to make superannuation contributions for their employees on top of the employees' wages and salaries.

    Superannuation participants can manage their own superannuation under very strict guidelines.

    These are known as Self Managed Superannuation Funds (SMSF) and have become a target for the unscrupulous promoters of USI-Tech.

    Check out this exchange from the
    AustraliaUSIGroup page on Facebook where people are being encouraged to illegally invest their SMSF funds in USI-Tech.



    Investing legally in cryptocurrency is NOT the same as investing in a fraudulent ponzi scheme disguised as cryptocurrency.

    Not only are these people guaranteed to lose their money, but they are going to have a hard time explaining to the Australian Taxation Office how they lost it.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  9. #230
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Be prepared for the trickle of complaints to become a flood in the very near future as the reality of ponzi math strikes.



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

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  11. #231
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    The sad reality is, ponzi fraudsters target the most disadvantaged members of our community.

    Australia has a very generous welfare system

    Centerlink is Australias' main welfare agency, responsible for payments to the unemployed, single mothers, the disabled and age pensioners.

    Which makes the following Facebook post a disaster in the making

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

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  13. #232
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    It's all too easy to blame the victims when it comes to internet fraud.

    Especially so when the fraud appears so blatantly obvious to many.


    What hope have people got when fraudsters use this sort of tactic:



    Interesting, but why is it relevant, you might ask.

    Check this out:



    Yep, that's Associate Professor David Frost not only using his position at Bethany College to add credibility to the USI-Tech fraud, he's boasting about how he involves his students in his illegal activities.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  15. #233
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    It seems Bethany Colleges' Associate Professor of funny Business, David Frost is either very brave or extremely stupid.

    He's forever going to be associated with the USI-Tech fraud and it's so called "Master distributor" Dan Hunt.



    Last edited by littleroundman; 01-04-2018 at 12:55 PM.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  17. #234
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    Re: USI-Tech insider revealed as Bethany College professor David Frost

    Bethany Colleges' Professor David Frost cannot claim to be a low level USI-Tech minion.

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

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  19. #235
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Do you think it's worth giving Bethany College and David Frost it's own thread for search purposes?

    Apparently this is also the same college offering the MLM course. It's makes my skin crawl that parents are paying to send their children there, and that they have professors like this on staff.

    I'm calling the local news stations too.

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  21. #236
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Quote Originally Posted by Char View Post
    Do you think it's worth giving Bethany College and David Frost it's own thread for search purposes?
    Yes, I do think it's a good idea.

    So good, in fact, I created one here yesterday:
    USI-Tech insider revealed as Bethany College professor David Frost

    "Great minds" and all that.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  23. #237
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    Re: USI-Tech insider revealed as Bethany College professor David Frost

    Still finding it hard to believe a Professor of Business at Bethany College such as Professor David Frost would allow himself to be used by criminal fraudsters to add credibility to such an obviously illegal scheme ???

    Believe it:


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

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  25. #238
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    BOB, WEAVE,

    DUCK, DIVE,

    RAN AWAY, RUN AWAY.



    Too late, people, you've been sprung already

    It doesn't matter if your accountant is "crypto savvy"

    He needs to be "ponzi savvy" to be able to help you
    The only thing necessary for the triumph of evil is for good men to do nothing

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  27. #239
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

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

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  29. #240
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    lol @ the ole 'support team' gag
    Haven't lost any money to online scams.......results are typical.

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  31. #241
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"


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  33. #242
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Just seen this on FB - image post saying - USI just pulled out of US and Canada because of some people don't know how to market.
    Then the explanation:
    They said they pay outstanding balances over the next 2 weeks.

    You can read the full message here or when you log into your backoffice (from the US or Canada):

    Extraordinary Termination of Distributor Agreement (Distributor ID: ----------)

    Dear Customer,
    You are active for our company in the US and/or Canada as a distributor offering our services. We were utterly dismayed to learn that a large number of our sales partners extensively advertise our services on their own websites as well as on social media in a manner which is a breach of contract as well as illegal, and which gives the appearance that our service portfolio violates both US and Canadian law. Despite the measures which we have already initiated, this behavior has even intensified in recent weeks and months. This has already resulted in actions by the respective authorities against various distributors, as well as the first preliminary injunctions in response to this advertising behavior.

    The initiation of the above-mentioned official action and the court-ordered preliminary injunctions has also inevitably placed our company in a legally problematic situation. This is due to the fact that, in the event of any doubt, it cannot be ruled out that this illegal advertising by the distributors involved will cause the relevant authorities to suspect that our company itself is promoting this type of advertising activity, or at least tolerates it. This type of alarming view by the authorities would lead to unforeseeable damage for our company as well as our sales partners who observe applicable laws. We cannot subject our company or our reputable sales partners to this danger.

    Consequently, we have decided to immediately discontinue our business activities as well as our sales in the US and Canada. Unfortunately, this also has a direct consequence for you as a sales partner since the cessation of our marketing operations means that we are forced to immediately terminate our contractual relationship with you.

    Although we deeply regret this step both on a business and a personal level, effective immediately we hereby summarily cancel the existing contractual relationship with you as a distributor,

    or, alternatively, hereby notify you of ordinary termination as of the next possible date.

    In light of the above-announced termination, effective immediately you may no longer market goods, software or other services to our customers, and we will unfortunately no longer be able to accept applications for distributor agreements from third parties from you. In order not to jeopardize the termination of our contractual cooperation, for security reasons your sales partner account in our back office will also immediately be blocked.

    Naturally, we will be paying out all commissions earned up to today's date. We expect to check your remaining unpaid commissions within the next 2 weeks, and as part of this process we will also check/offset/reclaim commission claims of various distribution partners for unlawful double payments/rebuys as well as for unlawful payments due to double-accounts (multiple registrations). Once we have concluded our audit and have determined commission claims, we will remit them to you taking into account the requirements of Section 14 of our Distributor Terms and Conditions. With respect to those sales partners whose illegal advertising behavior is responsible for this current situation, we reserve the right to assert claims for damages, which we will also enforce by offsetting them against commission claims.

    We would also like to point out that, as a result of the above termination, effective immediately you must destroy and/or take offline all websites, landing pages, social media sites/chat groups (e.g., Facebook, YouTube, Instagram, WhatsApp, Telegram pp.) or other online or offline advertising materials relating to direct sales of our goods, software, other services and/or our direct sales concept. At the same time, you are obligated to immediately discontinue or cancel all current advertising and/or planned advertising, promotional events or other promotional efforts for our company. In addition, you must immediately terminate or discontinue the use of any registered internet domains, social media accounts, WhatsApp groups or comparable tools, as well as delete the associated login info and/or registrations inasfar as these internet domains, social media accounts, WhatsApp Groups or similar tools include our name, trademarks, product names or other characteristics of our company.

    Compliance with the foregoing is also very important with respect to your own interests, e.g. in order to still any concerns on your part with respect to warnings or other actions for misleading or unlawful advertising by third parties or any official investigation of you, given that we have terminated our direct sales in the United States and Canada.

    If you currently also use our products, software or other services as a customer, we will be promptly informing you separately regarding the continuation of our customer relationship with you.

    We would like to conclude by thanking you for your commitment to our company and for your sales efforts. We extremely regret these recent negative developments caused by the behavior of dubious sales partners and wish you all the best professionally and personally.

    Best regards

    USI-TECH Management
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  35. #243
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Way to go USI! Now when other countries do the same thing as Canada and the US, you will have to terminate the members in those countries as well, and you will have shut down your company on your own. No regulatory actions required by other countries.

    You know that USI is sweating bullets that other countries don't do what the US and Canada have done so they can last a little longer and look tough on fighting "rogue sales partners/distributors" just like OneCoin is doing. Monkey see, Monkey do.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  37. #244
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    So in short...admin is urging all members to delete delete delete all evidence of this scam from the net!!...good luck with that!!!

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  39. #245
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    So Americans and Canadians are going to be paid out in 2 weeks AFTER an audit is done...

    I'm betting that none of them see a dime!!!..

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  41. #246
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Hmm, remember when the major pimps of USI came out proclaiming that there was nothing to worry about with the Canadian and US authorities taking their action, as it was just against the two "rogue members," totally ignoring that USI-TECH was named in the charges? Then the mantra changed to USI-TECH legal was on it and it would be resolved soon. What is ironic in this action, USI still has not addressed their being named in these actions. I guess they think if they answer saying they got rid of the offenders and they weren't going to allow members from US and Canada it will cover up their Ponzi and the authorities won't dig deeper.

    I bet the Prof is shocked that he won't be a millionaire any time soon. And let's not forget all the other major US pimps that just got torpedoed with this action. I bet Sharon James is sweating bullets about now hoping that the UK is not next.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  43. #247
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Quote Originally Posted by okosh View Post
    So Americans and Canadians are going to be paid out in 2 weeks AFTER an audit is done...

    I'm betting that none of them see a dime!!!..
    Right you are. This paragraph says it all, and I quote:

    "We expect to check your remaining unpaid commissions within the next 2 weeks, and as part of this process we will also check/offset/reclaim commission claims of various distribution partners for unlawful double payments/rebuys as well as for unlawful payments due to double-accounts (multiple registrations). Once we have concluded our audit and have determined commission claims, we will remit them to you taking into account the requirements of Section 14 of our Distributor Terms and Conditions. With respect to those sales partners whose illegal advertising behavior is responsible for this current situation, we reserve the right to assert claims for damages, which we will also enforce by offsetting them against commission claims."

    They won't get paid because of this key phrase: "the requirements of Section 14 of our Distributor Terms and Conditions." And you can bet this audit is going to take longer than 2 weeks. In short, all the Canadian and US Distributors just got royally screwed by USI.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  45. #248
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    "And let's not forget all the other major US pimps that just got torpedoed with this action. I bet Sharon James is sweating bullets about now hoping that the UK is not next. "

    Nah. Our Shazza is busy keeping the fiction going......

    SJ Usi 1 Jan 2018.jpg

    And the muppets line up to say "Wow!" and "Awesome!". Some people never learn, do they?


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  47. #249
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    Quote Originally Posted by EagleOne View Post
    Right you are. This paragraph says it all, and I quote:

    "We expect to check your remaining unpaid commissions within the next 2 weeks, and as part of this process we will also check/offset/reclaim commission claims of various distribution partners for unlawful double payments/rebuys as well as for unlawful payments due to double-accounts (multiple registrations). Once we have concluded our audit and have determined commission claims, we will remit them to you taking into account the requirements of Section 14 of our Distributor Terms and Conditions. With respect to those sales partners whose illegal advertising behavior is responsible for this current situation, we reserve the right to assert claims for damages, which we will also enforce by offsetting them against commission claims."

    They won't get paid because of this key phrase: "the requirements of Section 14 of our Distributor Terms and Conditions." And you can bet this audit is going to take longer than 2 weeks. In short, all the Canadian and US Distributors just got royally screwed by USI.
    Admin at the Aussie group went into damage control upon waking up to this news (10.15am here now)......
    She could not avoid making a post on it but she turned off comments so that in few hours it will be miles down the page and out of sight...

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  49. #250
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    Re: USI-tech claims its' sale of unregistered securities in US "legal"

    The facts:



    The coverup:


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

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