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

And speaking of old faces from the Banners Broker days, just look who has also popped up in Usi-tech? Yes, Ian Driscoll, no less!

IanD 2 Dec 17.jpg

But Ian is a very busy boy. He's also been highly involved with something called "E-dinar".......at least in January 2017 he was; the UK leader no less. Perhaps this was why he kept whizzing off to Nigeria as much as he did?? Just asking.

IanD Dec 17.jpg

Our Ian plays his cards very close to his chest, but he should know that the internet doesn't keep many secrets.....Like this.....

Ian D 3 Dec 17.jpg

Funny how BB people are re-appearing isn't it......or maybe not.....??

Originally Posted by littleroundman

It's like the 2017 version of the Nigerian diplomat emails, Marilyn, and I bet you wouldn't complain if the bank stepped in and stopped warned you before you lost your life savings[/B]

Oh, I'll bet she would complain if the bank stepped in before she lost her life savings. When the moneys gone people like Jane will be clamoring to get chargebacks and let those same banks and other customers eat their losses.

That was one of the more frustrating things in dealing with folks involved in http://www.realscam.com/f9/my-advert...html#post96418 after the alleged hack. All most seemed to care about was getting back to good so they could blow it in another scam.

There's naivety,

Then there's plain defiant stupidity

Tell me again why:

1) USI-Tech "BTC packages" are not securities, as defined under the "Howey Test"

2) How and why USI-Tech "BTC packages" differ from Traffic Monsoon or AdSurf Daily "AdPacks" or Zeek Rewards "penny auction bids"



USI-Tech BTC packages.com

What Is a Security?


The Securities Act and Securities Exchange Act have broad definitions of the term "security." Under these Acts, a security includes many familiar investment instruments such as notes, stocks, bonds, and investment contracts.


Whether a certain investment is considered a security is important, because designation as a security means that the investment is subject to certain registration requirements. In general, all securities offered in the U.S. must be registered with the Securities and Exchange Commission (SEC), although there are some exceptions. A company offering securities that are not exempt must register them, a process that also involves disclosure of certain information, including:

• A description of the company's properties and business purpose
• A description of the security being offered
• Information about the company's management
• Financial statements about the company, certified by independent accountants

Under the Howey Test, a transaction is an investment contract if:

1. It is an investment of money
   
2. There is an expectation of profits from the investment
   
3. The investment of money is in a common enterprise
4. 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.

The term "common enterprise" isn't precisely defined, and courts have used different interpretations. Most federal courts define a common enterprise as one that is horizontal, meaning that investors pool their money or assets together to invest in a project. However, other courts use different definitions.


The final factor of the Howey Test concerns whether any profit that comes from the investment is largely or wholly outside of the investor's control. If so, then the investment might be a security. If, however, the investor's own actions largely dictate whether an investment will be profitable, then that investment is probably not a security.


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.

3 cheers for the big 4 banks here in Aus..
Bitcoin tensions rise as investors claim banks freezing their accounts

Are any of these exchangers like coinspot licenced here in australia?...(my guess is no!!)..

Originally Posted by okosh

Are any of these exchangers like coinspot licenced here in australia?...(my guess is no!!)..

"Operators of Australian exchanges for Bitcoin and other digital currencies will now need to register with the country's anti-money laundering agency after new legislation passed through parliament."

https://www.itnews.com.au/news/aussi...he-govt-479445

Originally Posted by Bestbud

"Operators of Australian exchanges for Bitcoin and other digital currencies will now need to register with the country's anti-money laundering agency after new legislation passed through parliament."

https://www.itnews.com.au/news/aussi...he-govt-479445

Thanks....
Gotta be a date by when they must be registered?...

Originally Posted by okosh

Thanks....
Gotta be a date by when they must be registered?...

It looks like they must register immediately or be charged with a criminal offence...

Originally Posted by okosh

Thanks....
Gotta be a date by when they must be registered?...

The AML/CTF Bill will come into effect upon proclamation, or six months after the date on which it receives royal assent - whichever comes first.

"With forex recruitment all but dead and their bitcoin package ROI liabilities spiraled out of control, USI-Tech’s latest ploy to raise investment revenue is an ICO.

Tech Coin will be another entry into the burgeoning MLM underbelly ICO market.

Offering nothing new to the cryptocurrency space, Tech Coin is likely just another script-generated altcoin."

Ultimately Tech Coin will serve no other purpose than to launder USI-Tech investor funds through, pocketing owners and big recruiters a large percentage of funds invested.

http://behindmlm.com/companies/usi-t...co/#more-40375

The type of unsophisticated investor being targeted by the criminal fraudsters behind USI-Tech / Ad Surf Daily / Zeek Rewards and similar ponzi and pyramid frauds.

Commonly referred to as being "low hanging fruit" in HYIP ponzi pimp circles.



They have no idea and too much money and time.

Originally Posted by littleroundman

They have no idea and too much money and time.

They all too busy drinking the kool aid in their cultish environment to open up a friggin newspaper....SMFH...

https://www.google.com.au/amp/s/amp....18-p4yxty.html

Originally Posted by okosh

They all too busy drinking the kool aid in their cultish environment to open up a friggin newspaper....SMFH...

https://www.google.com.au/amp/s/amp....18-p4yxty.html

With that level of ignorance of the outside world, I'm guessing something stronger than KoolAid is involved.

Originally Posted by Della Cate

I don't know why anyone is worried about Usi_tech.

Uncle Gerbil isn't worried. And goodness knows, he's got a bit of expereince of this sort of thing to call on!

Attachment 20963

Mysteriously, this has now completely disappeared from Uncle Gerbil's FB page.

.
Ponzi Pimps arguing with each other and Jon Walsh ... again:

Jamison Palmer 08a.jpg
Jamison Palmer 08b.jpg

Let the wailing and gnashing of teeth begin!

SD

.

all they have to do is tell him they turned over a new leaf and he'll go to bat for them.

Too funny! The same BS that Jamison was spouting when UFunClub/UToken had the Thai authorities shutting it down and arresting people left and right. He fled the country afraid he was going to be arrested next; just like Danial Tay did and a few other of the main persps behind UFC/UToken. Of course Jamison doesn't want to be reminded of his involvement in UFC/UToken. Bad for recruiting and his ego.

Jon Walsh destroyed Jamison Hairy Palmer with what were very reasonable questions.

Served.JPG

As if a CPA signing off that they have independently audited financial statements isn't something every investor should demand. Laughable response from Hiding in the Hills Jamison that a company all over the web has to keep things hush hush lest relationships be jeopardized.


Sure calling him a dickhead wasn't civilized, fun but in no sense civilized.

Seems Elder Charlie Scoville really has influenced the world of ponzi fraud.



Didn't know the Bible supports fraud and fraudsters, did you ???

I really don't get the "Want to get involved in BTC" pitch. If you want to get involved in BTC, buy BTC. Why would you do anything with some scammer who wants to help you you, it just seems to me like all the things you have to do that are not "buy BTC" are just things that add costs that you're paying, and that's assuming the very best case that its not a fraud set up mostly so that they can "buy BTC" with your money.

Another thing to consider, again, on the off chance that it all isn't a fraud anyhow, is that anything that delays a transfer of BTC beyond the speed of buying normal stocks from a normal broker, can cost you a lot of money. Say you had decided last week when BTC hit its high somewhere just short of $20,000, and delays in your exchange (which was taking a whopping fee to begin with) meant it took 48 hours for your sale to clear. A sale that began at $19,000 finally netted you about half that, and that was an honest transaction.

The measure of whether any crypto-currency has a chance to become more than a high tech tulip is if it has any utility as a currency. More succinctly, sure you can buy a Tesla with a few BTC, but does it make sense to buy a pizza with one? Because people buy a lot more pizza than sportscars, and on the odd chance you need to buy a car with a 6 month wait, taking 24 hours for an old fashioned check to clear is hardly a burden that requires a new system to correct.

Originally Posted by littleroundman

Seems Elder Charlie Scoville really has influenced the world of ponzi fraud.


Didn't know the Bible supports fraud and fraudsters, did you ???

The church usually is the fraud and fraudsters... that's what they use the Bible for, its basically a book of thousands of quotes that can be put into some context to part people from their money or let the clergy stay in control.

The whole idea of Mass and all the ceremony being in Latin was "The word of God is only Holy and perfect in Latin, it cannot be translated. Since none of you poor serfs read or speak or understand Latin, and I do, Jesus says I'm in charge. And I'm taking names until he comes back, so behave.

Geez, some people really do need protecting from themselves.

Take this exchange between the leader of the USI-Tech Team Australia and one of the USIT true believers:



Seriously, who in their right mind would believe a business could arbitrarily double the number of the NON EXISTENT "tokens" which need to be used to purchase the currently non existent "TechCoin" which a group of known fraudsters promise to release at some time in the future ???



Imagine the money these people could make by simply purchasing some of the genuine currently existing cryptocurrencies. without risking everything on the basis of some outrageous fairy tale being told by criminal fraudsters.

UN-bloody-BELIEVABLE

Sigh,

If it ever happens,

It would mean there's over a million people learning very expensive lessons on how internet fraud works, what "ponzi" and "pyramid" mean, the importance of REAL due diligence and using your head instead of your heart when it comes to investing

One thing you can be sure of when it comes to internet fraud.

Each new "next-big-thing" scam scheme brings with it a new generation of earnest true believers who think they've stumbled on to something never done before.

Check out this from the co founder of the USI-Tech Team Australia:



Getting a sense of deja vu ???

Maybe it's because we've seen it all before:

Bowdoin was very careful in avoiding any terms that is related to investment.

People who joined are "members", not investors.

Money paid out are "rebates", not return or interest or dividend.

You don't invest, you "purchase ad packages".

In email addressed to members, and in a presentation in Las Vegas, he even stated that the authorities do not like those words, so they won't use them.

Later, he put on a cap of 50000 dollars, claiming that his SEC lawyer told them to make SURE that you don't treat it as investment, they will limit the amount of money you put in

As the saying goes: "The singer may change, but the song remains the same"