USI-tech claims its' sale of unregistered securities in US "legal" [Archive] - RealScam.com

okosh

09-04-2017, 09:09 PM

HOT DAMN !!!

Mark "Gerbil" Ghobril AND Michael Colucci pimping it AND it promises 1% a day ROI

HINT FOR NEW PLAYERS: you can save yourself a lot of time and trouble by simply ripping up your money and throwing it in the bin.

I see your "Mark Ghobril + Michael Colucci" and I raise you "Kenny Kiss of Death Russo"!!!!....

September 3, 2017

New USI-Tech Video

Here is a great 15 minute video to help you understand the
USI-Tech passive investment platform and to help you grow
your business if you have already joined and wish to invite
others. Overview given by the Tak Mano Founding member
and Sharon James.

https://www.youtube.com/watch?v=jNay20ts8iY

USI-Tech continues to perform as well as any program I have
joined during my 21 years in the industry. Bottom line....

USI-Tech has everything you are looking for and you can
get started with as little as 50 Euro or about 60 USD.

Copies of earlier updates....

============================================
August 28, 2017

Greetings Everyone,

How to Triple your Bitcoin with USI-Tech
Calculator & Strategy For Beginners - 15 minutes

https://www.youtube.com/watch?v=fL6Ab_rqUGU

USI-Tech - Current Statistics

Over 140000 Members
Averaging over 2000 new members each day
Operating in 60 countries.
12 millionaires created to date
Not one single account has lost money including the forex
trading accounts
USI-TECH has sold over $320 Million in BTC packages
USI-Tech is fully registered and in compliance with all
United States laws
Provided all registration numbers and patents at the USA event
as proof and will provide this proof to entire membership shortly
Paid out €104 million in commissions to date

I can say with absolute confidence that this is the program you
should join right now. This is perhaps the single most important
video that will come out of the entire USI-Tech meeting this
weekend in Pennsylvania.....

https://youtu.be/EvYT8iJEioQ

Compliance live stream sent direct from the launch event. Hear
about all the legalities and how USI-Tech is in full compliance
with US Law. Of course this was fully anticipated and expected,
but nonetheless, this is great news.

Here is another video from the launch event.....

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

At about the 10 minute mark they acknowledge that many folks
find it difficult to obtain Bitcoin and that they are implementing
an exchange service to help folks fund their Bitcoin wallets.

USI-Tech information:
http://www.bestbizopps.citymax.com/usi-tech-info.html

USI-Tech team info after registering:
http://www.bestbizopps.citymax.com/usi-team-info.html

To get a full explanation of how USI-TECH accomplishes
this type of return on your money, watch this video.....

https://m4research.wistia.com/medias/fsujvxf7na

Here is the original program advisory message I sent back
in April..

==========================================
April 29, 2017

Greetings Everyone,

I joined USI-Tech about 2 weeks ago. Since then I have done
extensive research and, based upon my findings, I can recommend
this program with a very high level of confidence. I believe this
will be an excellent long-term program for those who wish to
diversify their passive income producing portfolio.

Key Features

...100% legit 8 year old company out of Dubai.
...Daily payouts to your Bitcoin Wallet.
....Option to auto compound your Daily earnings from your back
office. ( set and forget )
....Earnings are paid from profits generated from legit outside
revenue sources. (with actual proof)
....Very generous (and simple) referral commission structure
for Builders.
....Under $55 min investment to get started. (Bitcoin or Payza
accepted)
....Great way to build your Bitcoin wallet for the upcoming
Bitcoin boom!
....Excellent team support for our group including Facebook
and Skype.

USI-Tech automatically pays daily to your Bitcoin wallet or
you have the option to auto compound your Daily earnings
instead and grow your balance much faster. That is a huge
factor in building your balance every day. On average we
make 1% Daily without compounding but when you set up
your auto compounder that % will increase quite a bit. It really
is 'set and forget.' You could literally set your compounder for
X number of days and not have to log back into your backoffice
until then. Your balance will automatically grow on it's own
without doing a thing.

If you want to recruit, the referral plan is very generous.

Another key factor for growth is members can fund with Payza,
not just Bitcoin. Bitcoin can be a real pain for many who are still
just hearing about BTC so the Payza option is a blessing.

One thing for sure though is that we do want to get paid in
Bitcoin to capitalize on the Bitcoin BOOM coming this year
and the next few years.

Instructions To Join

1. Click here >>>>> https://kwrusso.usi-tech.info/

2. Click on "REGISTER" and enter your name and email address.
As is always the case with any program it is best to use a gmail
address.

3. Watch for a message with the subject "Account Verification
email" which provides a link to activate your account.

4. Watch for a welcome message from me which will provide
lots of important information.

Back Office Set Up

1. Log in and complete your profile - (you leave the broker field
blank).

2. Click on "Dashboard" and find "Advertisement Link". Click
on "Change" to add your username.

3. Click on "Setting" and make sure your "Automatic BTC-Package
Rebuy" is set to the "ON" position.

Dashboard basics video - 4:42 min
https://youtu.be/q_Z_SlKP05c

Buying BTC Packages - 6:49 min
https://youtu.be/1fFe6Dz_o7A

How to Request a Withdrawal - 4:45 min
https://youtu.be/PPClK-1EVW0

Notes

...You do NOT need a Broker Account # if you are buying the
BTC Packs

...You do NOT need to purchase the €600 License when buying
the BTC Packs

...You do NOT need to choose a Payment Method for withdrawals
(you can input a Bitocin wallet address when requesting a withdrawal)

Due Diligence Videos

USI TECH Round Table Call - 31:26 min
https://youtu.be/5QM9xU1hQYM

USI TECH behind the scenes interview - 20:53 min
https://youtu.be/aX_sj_cFrJY

USI-Tech info
http://www.bestbizopps.citymax.com/usi-tech-info.html

Recording of weekly call published on Apr 25, 2017
https://m.youtube.com/watch?v=mGkb1NakXao

All things considered it is my opinion that your participation in
USI-Tech is one of the best decisions you can make right now
for these reasons....

....Totally passive
....Excellent due diligence results
....Low entry level - about $55
....Realistic ROI - 1% per working day equates to 20% per month
....Auto compounding available to increase earnings significantly
....The return on investment should be much higher since Bitcoin
is predicted to increase in value

Ken

littleroundman

09-05-2017, 03:38 AM

I see your "Mark Ghobril + Michael Colucci" and I raise you "Kenny Kiss of Death Russo"!!!!....

So, you've got three jokers in your hand,

You couldn't beat the skin off a rice pudding with a hand like that.

Char

09-05-2017, 07:52 AM

I see your "Mark Ghobril + Michael Colucci" and I raise you "Kenny Kiss of Death Russo"!!!!....

That's too funny!:RpS_lol::RpS_lol::RpS_lol:

Bestbud

09-05-2017, 09:46 AM

Misery loves company....

20170
20171

Bestbud

09-05-2017, 09:50 AM

Look who isn't happy with Charles now...

20172

Bestbud

09-05-2017, 05:47 PM

Jamison Palmer's eyebrows are a major distraction...

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

EagleOne

09-05-2017, 10:33 PM

Jamison Palmer is thanking his lucky stars he got out of Thailand before the Thai Authorities shut down UFunClub/UToken, the program that he swore up and down was totally legit and when the crap hit the fan was assuring everyone that it was just temporary and UFunClub/UToken wold win once the authorities understood the business model. Funny how he went silent for about 9 months before sticking his head up out from the under rocks he crawled under to avoid the heat of all his lies on UFunClub/UToken.

Wonder how many of his marks he had conned into USI-Tech? I'm sure he is telling them this is their way to get back what they lost in UFunClub/UToken. He needs to be put in prison as he is a detriment to society.

Bestbud

09-05-2017, 10:37 PM

Jamison Palmer is Calabro Jr's mentor...

Whip

09-06-2017, 05:01 AM

Impossible. no one can possibly mentor the slob..........he's the greatest. just ask him.

wayne1983

09-06-2017, 05:48 AM

littleroundman

09-06-2017, 06:44 AM

https://www.youtube.com/watch?v=YOP-FMPyBHg Look at this nit wit, claims to have quit his job for this ponzi scam. Hes a perennial ponzi pimp, check his other videos out.
Hes either lying, which wouldnt be a shock or hes in on the scam, either way hes a total scammer.

Oh - bloody - dear.

https://vimeo.com/232639628
http://imageshack.com/a/img923/6972/wFj5tf.png

No prizes for guessing whether or not this ends well

EagleOne

09-06-2017, 06:46 AM

https://www.youtube.com/watch?v=YOP-FMPyBHg Look at this nit wit, claims to have quit his job for this ponzi scam. Hes a perennial ponzi pimp, check his other videos out.
Hes either lying, which wouldnt be a shock or hes in on the scam, either way hes a total scammer.

Kyle is 3 pancakes short of a short stack, and that's on one of his better days.

wayne1983

09-06-2017, 01:51 PM

You got to laugh at the comments though. But seriously if it were me, i'd take a look at all his videos and think hmm a lot of his online adventures have gone belly up, ill give it a wide berth. Nooo not online, people go back for more lol, there is some right thick planks about!:duh:

Kyle is 3 pancakes short of a short stack, and that's on one of his better days.

EagleOne

09-06-2017, 04:48 PM

Well, USI-TECH can "claim" it is approved by the SEC, but I guess they forgot that the SEC has not heard of them. If you do a name search for approved companies on the SEC website, you will get NOT FOUND.

I am sure it is all a big mistake and the SEC just hasn't updated their system yet to show them being registered and legal. cough, cough.

Fat City, LA

09-06-2017, 05:46 PM

Has anyone let the SEC in on this claim by these scammers.

Well, USI-TECH can "claim" it is approved by the SEC, but I guess they forgot that the SEC has not heard of them. If you do a name search for approved companies on the SEC website, you will get NOT FOUND.

I am sure it is all a big mistake and the SEC just hasn't updated their system yet to show them being registered and legal. cough, cough.

Bestbud

09-07-2017, 09:37 AM

Charles thinks he can preach about things he never practiced with Traffic Monsoon...

20174
20175

littleroundman

09-07-2017, 10:59 AM

Charlie Scoville is trying to play the "I'm a reformed man so there's no need to punish me" card

Fat City, LA

09-07-2017, 11:42 AM

In the comments of post above SCAMville claims TM is just a "victim" of a smear campaign.
He gets more & more out there on a daily basis.

Whip

09-07-2017, 05:47 PM

he has to play that card. he knows he's going to jail.

okosh

09-19-2017, 09:20 PM

I see your "Mark Ghobril + Michael Colucci" and I raise you "Kenny Kiss of Death Russo"!!!!....

And here we are 2 weeks later....

Experience tells me (without actually checking) that either deposits to this ponzi has stalled or the flow of fresh suckers has slowed cos Ken usually sends out an email like this shortly b4 a program he's pimpin dries up...

September 17, 2017

Greetings Everyone,

Procrastination Is The Enemy

Here is the message posted at a fellow list manager's website
where he discusses his favorite programs....

--------------------------------------------------------------------------
USI-Tech

Below, please see the invitation to join USI-Tech which I received
on April 29, 2017. Today is June 23rd and I finally made the decision
to join after procrastinating all of that time because of all of the fake
cryptocurrency trading programs being offered lately. I wanted to
make sure that this one was REAL before offering you another opp
that ended up disappearing with our money. Well, USI-Tech is now
proven to be REAL and is being praised and raved about all over the
net. I wish I had joined earlier but I chose to be safe rather than sorry
AGAIN. I hope you will find the information below, provided by my
sponsor, to be helpful and that you will join me in celebration of finally
finding an opportunity that is REAL and will be with us for a long time.
DO NOT procrastinate like I did. Start earning today.
---------------------------------------------------------------------------------------

The message he refers to is the advisory he received from me back in
April and it is copied below.

When I review my downline report it is disappointing to see that many
members who joined back in April still have not become active for
one reason or another. However, it is wonderful to see all of the
active members who are building their accounts and finally earning
a reliable additional income stream.

The Main Reason USI-Tech Can Sustain

There are many reasons why USI-Tech is a wonderful program and
they are listed in my original advisory copied below. Nothing is more
important than sustainability and here is the main reason why I
believe USI-Tech can and will sustain.

It's really quite simple. The payout plan is one of the best available.
A member purchases a product package and in return he or she
receives a average return of 1% per work day which equates to 20%
per month. They receive these payments for a total of about 140 days
at which time they have earned a 40% profit. Most importantly, during
this 140 day period, many of these members have developed a very
substantial income stream which they will want to maintain. In
order to do so they must make a new purchase each time one of
their product packages expires. Using my own account as an example,
I made my first purchase on April 21 at which time I acquired 10 BTC
packages at a cost of 500 Euro or about $595. This purchase is due to
expire in 32 days. If I do not replace them when they expire, my daily
income will decrease. Since I do not want my income to decrease I will
purchase new positions to replace those that expire. This is how I will
maintain my same level of income. I also use a portion of my daily
earnings to purchase new positions on a regular basis. This is how I
build my account and, since the majority of the members are doing
the same thing, the company has a constant flow of income which they
use to produce more revenue and ongoing payments to the members.

Related discussion can be viewed here....

How To Build A Long Sustainable USI-Tech Income
Published on Aug 7, 2017 - 8 minutes
https://www.youtube.com/watch?v=FM5LHVPhw_M

One of the most frequently asked questions is this one....

Is it worth joining if I cannot afford to purchase a lot of packages?

Everyone has to start somewhere. As with any passive income producing
program, the amount of funds that you choose to commit to the program
will determine how quickly your account will grow. The key is simply
getting started because programs like USI-Tech are extremely rare.

Related discussion can be viewed here...

How to TRIPLE your BITCOIN : USI Tech Review, Calculator &
Strategy for beginners
Published on Apr 27, 2017 - 15 minutes
https://www.youtube.com/watch?v=fL6Ab_rqUGU

busttheblock

09-28-2017, 05:48 PM

Here is a typical message sent by the crooks that are pimping the USI-Tech scam!

"Michael Zavitz <michaelzavitz@gmail.com>

Sep 28 at 6:39 PM

A quick personal message ... this is NOT an autoresponse :)

..............

USI-Tech VIDEO Testimonials!... Success for 100% of those who JOIN and buy BTC Packs!:

https://youtu.be/tQ8d0DSTMCk

***Do NOT JOIN USI with the link under the video ... use the link below.

BUY MORE!... That's the STRATEGY here folks. Get to 100 BTC packs as fast as you can and I can virtually guarantee you that your Christmas will be AWESOME!

Who is looking to make $100, $500, or $1,000 per day with USI? It can be done... it's happening NOW.

Just GET STARTED ... watch it work for you FAST!

Instructions are below to GET STARTED!

- Michael"

nuk_1

09-28-2017, 10:03 PM

This is tremendous. This lazy-ass Michael Zavitz points his peeps to a youtube webinar rah-rah done by another USI member who puts his link under his video and then Michael says don't join under his link, join under mine! Wow, ponzi referral swiping. I guess blackhat has come to ponziland now.

NUK

littleroundman

09-28-2017, 10:53 PM

I think whoever it was who said: “There is no honor among thieves” had the ponzi world in mind when he / she said it.

EagleOne

10-10-2017, 07:47 PM

About 3 days ago, USI-TECH started floating the story that USI-TECH had a $70 Million dollar BitFury contract.

Seems that USI-TECH's marketing material was promoting a $70 Million Dollar deal between their two companies. This news was announced at the big event USI-TECH held in Mallorca, Spain. Only one problem, BitFury CIO Alex Petrov said there is no deal.

I know you are as shocked as I was at hearing this news was fake. First it was USI-TECH was SEC approved and now this? I am starting to get a little antsy that this very well could be a Ponzi.

You can read all about this at behindMLM. What is truly amazing is that how these people behind USI-TECH make these outlandish statements knowing they can be confirmed within a matter of hours if not minutes, yet they still insist on telling these porkies.

I think they are taking admin advice from Charles Scoville.

Della Cate

10-13-2017, 04:06 AM

Oh dear.

Another one gives up his job to focus on an online scheme.

:duh:

20389 20390

Remember the name, folks - Michael Nemeth. Having watched his video, he sounds like a Yorkshire man to me.

https://www.facebook.com/mick.nemeth/videos/10155068952822883/

Michael claims to have retired from his job as a bus driver with First buses thirteen years early. He makes various claims, such as people are coming into Usi-tech with tens of thousands of pounds "investment" (though he does not use the "i" word himself). He now says he has a six figure passive income, is earning more than the directors of the bus company, and now can create a wonderful lifestyle for his whole family. He also claims that another 15 bus drivers are in Usi-tech, and another two people are close to giving up their jobs as well. And he achieved all this in just 4 months!

Well, Michael, in my view, it's probably a good thing that you have given up your job. Cos I can't see this ending well, and I wouldn't want to be in my workplace after the inevitable collapse of the scheme if I had persuaded 15 fellow workers to join it. I think working relationships would be severely strained.

What is it with bus drivers? Leslie Carter was one, he gave his job up to focus on MAP; when that collapsed he went to.....Usi-tech! Now there's a co-incidence!

Della Cate

10-13-2017, 04:14 AM

And here's Our Shazza, also doing soooooo well with Usi-tech:-

20391

And here is a delightful picture of Shazza with some of her fellow revellers at the Usi-tech Mallorca shindig recently.:-

20392

Wow, look who is with her! Mark "The Gerbil" Ghobril! Well, stone me!

Della Cate

10-17-2017, 05:04 AM

Our Shazza again.....

20421

What always amuses me is that these people are at pains to assure you that their venture is "legitimate" and "Here to stay" -even if it has only been going a few months. In my experience, genuine ventures don't have to tell you that they are genuine; just as honest people will never tell you that they are honest - they just ARE.

Then we have claims about fantastic earnings, which are hard to verify:-

20422

Of course it all depends on what you define as a "footballer". Wayne Rooney is (or was) paid just short of £300,000 per week. But players in lower leagues get just over £740 per week, not much different from an average salary. Personally, I don't believe people in ventures are paid either amount. What they have is numbers on a screen, which is a different thing entirely.

But hey, it sounds good, and that's what counts.

ribshaw

10-17-2017, 07:10 AM

Our Shazza again.....

What always amuses me is that these people are at pains to assure you that their venture is "legitimate" and "Here to stay" -even if it has only been going a few months.

Judo James say "I have never earned as much money online with a Legitimate business ever" unwittingly putting her foot in her mouth. JJ's Tokui Waza is illegitimate Ponzi causing her Uke certain loss.

http://www.realscam.com/f8/banners-broker-hyip-ponzi-scam-897/

http://www.realscam.com/f8/traffic-monsoon-better-than-maps-trusted-admin-charles-scoville-4070/

In my experience, genuine ventures don't have to tell you that they are genuine;

Genuine ventures sell products/services to end users, they don't endlessly recruit. Occasionally when a business is for sale, one buyer is sought. In the US people selling investments to the (m)asses which USI Tech most certainly is must be licensed and the offering registered with the SEC. Neither is true here, but folks are lazy. Too blinded by greed and hope thinking this time is different.

In the history of the world never has an "opportunity" like this been genuine or there wouldn't be a need for the comment in the first place.

GymAlien

10-18-2017, 04:35 PM

Not proof in the least that USI Tech is a scam... You Really have no proof at all do you? Just a sh!t load of acusations and VERY thin connections. An MLM guy joined an MLM that went under is about all I see that means anything here... Damn it dude, do you make money doing this... what is your motivation here? :watching_you: "ONE WONDERS" is all you got!!!
But, then you go ON and ON and ON... just Wondering and trying hard as you can to make connections that may or may not really mean anything... :pulling_hair_out:

In a bizarre twist following this weeks' “USA Kickoff meeting” USI-Tech members members are flooding social media publicly touting the fact the multi level marketing company has purportedly obtained legal opinion its' 1% daily ROI for 140 days (140%) offer complies with US securities laws and is compliant with FTC regulations.

https://vimeo.com/231655953
http://imageshack.com/a/img922/291/xS58ql.png

Having been responsible for issuing cease and desist demand letters against critics of the since collapsed ponzi scheme My Advertising Pays (http://behindmlm.com/companies/myadvertisingpays-send-cd-after-hotel-events-cancelled/) the Elmhurst, Illinois based law firm of Hart David Carson LLC (http://live.hartdavidcarson.com/) has been named as the source of legal opinion claiming USI-Tech is "compliant with US securities law"

One wonders if this will evolve into a similar scenario as that which engulfed well known MLM attorney, Gerald Nehra who settled a $100 million dollar lawsuit with the court appointed Zeek Rewards receiver, following his claim Zeek was "legal" and who is facing a jury trial over his similar claims with regard to the multi million dollar TelexFree fraud.

ProfHenryHiggins

10-18-2017, 08:18 PM

Is that gymalien@gmail.com, a.k.a. James Allen Jr. the author of "Zen and the Perfect Jumpshot?"
Oh dearie me... someone didn't understand what unregistered securities mean and why this company is violating the law when they operate in California, did they?

Bad idea, James, sticking your neck out to protect that pittance of an investment you put into USI-Tech, and risking far more damage as a result of it.

littleroundman

10-18-2017, 10:32 PM

Not proof in the least that USI Tech is a scam...

Oh, there's plenty of "proof" Jimmy.

Just not the type of proof acceptable or understandable by serial ponzi players protecting their investment.

The only type of "proof" needed by ponzi players such as you is whether or not its' paying, so, while it is, you'll be here defending USI-Tech, until it collapses as all ponzis which claim to be able to pay 140% a day do.

Until then, you'll continue to rationalize, justify, lay blame, deflect, introduce strawman arguments and ridicule anyone who dares expose the fraud behind the ponzi du jour.

It's OK though, we can wait.

Won't be long now until reality bites.

Gregg

10-19-2017, 07:53 AM

"I have never earned as much money online with a Legitimate business ever"

Begging the question, has she ever earned any money with a legitimate business ever?

ribshaw

10-19-2017, 08:58 AM

Not proof in the least that USI Tech is a scam... You Really have no proof at all do you? Just a sh!t load of acusations and VERY thin connections.

Well this sounds as familiar as the certain losses investors in USI Tech will suffer. Where is your proof anything said is inaccurate sport?

At this juncture, there is no empirical evidence for cynacism.

All the detractors of Profitable Sunrise have zero proof for their cynicism.

The detractors have no proof that Profitable Sunrise is a scam

http://www.realscam.com/f9/profitable-sunrise-hyip-has-anybody-dug-through-yet-1795/#post34534

As The Professor said this offering isn't registered with the SEC and the affiliates aren't licensed to sell investments, both a violation of US law. And yes despite attempts by hack promoters to pretend this isn't an investment, its an investment.

"Here’s an overview of how the registration process works. In general, all securities offered in the U.S. must be registered with the SEC or must qualify for an exemption from the registration requirements."

https://www.sec.gov/fast-answers/answersregis33htm.html

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

Substance Over Form

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.

What Is the Howey Test? - FindLaw (http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html)

Then we have this, suddenly Ralf Gold is not only the greatest trader of present day, but the greatest trader in the history of the universe?

1% daily returns, never has this not been a scam.

20430

Ralf Gold has promoted many money making scams in the past as well:

AdsProfitReward 2012
MX FAST MONEY 2013
WORLD CONSUMER ALLIANCE 2013
HourlyRevShare 2013
AdsProfitWiz 2013
APR CLICKS 2013
UPPERGAME 2014

USI-Tech Scam? Yes It Is In My Opinion! - Ethan Vanderbuilt (http://ethanvanderbuilt.com/2017/07/19/usi-tech-scam-yes-opinion/)

USI-Tech lied about $70 million dollar BitFury contract? (http://behindmlm.com/companies/usi-tech-lied-about-70-million-dollar-bitfury-contract/)

And to think all this yummy goodness is being offered where? Wall Street? Canary Wharf? Square Mile? Nope just on Facebook.

20429

ribshaw

10-19-2017, 09:43 AM

Not proof in the least that USI Tech is a scam... You Really have no proof at all do you? Just a sh!t load of acusations and VERY thin connections.

So so familiar...

I am completely staggered at the lack of any Due Diligence show by any of the comments here. I joined this because I truly thought that it was a group of clever astute individuals reviewing potential opportunities with a clear metric.
What exactly is the methodology that you use to decide if an opportunity is legitimate or a scam? All that I can see here is nonfactual conjecture, based upon nothing more than your personal dislike for what you have decided is erroneous.
Sad really when you think that you really did have an opportunity to evaluate in a professional manner which might have added value to or deterred people from joining. I would suggest that most intelligent people reading this will simply turn off.
Your community should be endorsing great opportunities and advising against real scams by presenting fact based on measurable, real and conclusive evidences.
FlexKom, who knows, I came here seeking advice, do or don’t do, you have failed me, so I shall continue to do my own research.
Ps, I will advise you what the outcome is……………
Due Diligence

http://www.realscam.com/f8/flexkom-aka-flexcom-aka-weeconomy-legitimate-mlm-scam-1862/index4.html#post41641

What is a Ponzi scheme?

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Of course Ponzi scams have to pay in the beginning or they wouldn't make for much of a scam. With computers some people have become so accustomed to online banking they don't even need their money back. Promoters these days just need to show meaningless numbers in back offices secured by nothing more than the illusion investors are earning returns.

All signs point to USI Tech being a Ponzi, by the time people can't get their money it will be too late.

Many Ponzi schemes share common characteristics. Look for these warning signs:

High investment returns with little or no risk.

Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.

Overly consistent returns.

Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.

Unregistered investments.

Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.

Unlicensed sellers.

Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.

Secretive and/or complex strategies.

Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.
Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.

Difficulty receiving payments.

Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

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://www.sec.gov/complaint/tipscomplaint.shtml.

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

ribshaw

10-19-2017, 02:21 PM

Not proof in the least that USI Tech is a scam... You Really have no proof at all do you? Just a sh!t load of acusations and VERY thin connections.

Oh snap I could play this game all day.

Why do you feel the need top trash something you are obviously VERY ignorant about. I am a member of the zeek squad and I am making money. The amount is none of your business but I will tell you that you are known as a dream stealer. What does it matter to you if somebody else does this? It is so blatantly obvious you are a scared and small minded individual who will stay broke. So just shut your pie hole and continue your wallow in misery. Or you can take an objective look at the enterprise and make outstanding money for yourself. I would love it if you were not so jaded and would take a real look at the company. I don't want you on my team because I think you would be more work than I am willing to give to you, but I am sure somebody out there would work with you. remember: stupid is as stupid does.

http://www.realscam.com/f10/zeek-rewards-how-get-3k-month-starting-free-member-642/index3.html

http://www.realscam.com/f11/frank-calabro-jr-4254/index17.html#post114812 one of USI Techs self professed top promoter. Noticed I didn't say traders you know the important person when making an investment? That sort of tells someone all they need to know. Clicking on his name reveals a nice synopsis of previous SCAMS Calabro has promoted, notice I didn't say opportunities?

Since your new and obviously very concerned that we are calling your super legit :RpS_wink:pportunity a scam I want to show you how how much this is child's play.

Here is Calabro's Facebook page https://www.facebook.com/frankiecalabrojr . Here is a sarcastic page about scamming people for money https://kopywritingkourse.com/how-to-scam-people-for-money/.

SCAM TACTIC #1:
Make sure you focus on a hopeful yet sort-of-dumb crowd.

"Attention Future Bitcoin Millionaires

YES ... I want to see what Frank Calabro Jr and other 7 FIGURE earners are doing to stack and multiply Bitcoin!"

Frank Calabro Jr.

SCAM TACTIC #2:
Show them how badass your life is through pictures!

20435

SCAM TACTIC #3:
Tell people they “deserve” a certain lifestyle.

20436

SCAM TACTIC #4:
Don’t EVER get into the specifics of how you make money….just give business-y sounding advice!

20437

SCAM TACTIC #5:
Always show HUGE numbers, no matter how irrelevant they are.

20438

SCAM TACTIC #6:
Don’t give any ACTUAL helpful information, just talk about the end benefits of it!

"Former poor man now dreams with his eyes WIDE open!!! "

Frank Calabro Jr.

SCAM TACTIC #7:
Be ultra-aggressive when you sell because you won’t see these people ever again.

20440

SCAM TACTIC #8:
Now that you’ve got their money…RUN!

20439

okosh

10-26-2017, 07:52 PM

Oh, there's plenty of "proof" Jimmy.

Just not the type of proof acceptable or understandable by serial ponzi players protecting their investment.

The only type of "proof" needed by ponzi players such as you is whether or not its' paying, so, while it is, you'll be here defending USI-Tech, until it collapses as all ponzis which claim to be able to pay 140% a day do.

Until then, you'll continue to rationalize, justify, lay blame, deflect, introduce strawman arguments and ridicule anyone who dares expose the fraud behind the ponzi du jour.

It's OK though, we can wait.

Won't be long now until reality bites.

And right on cue Kiss of Death Kenny Russo declares this scam as his top program.....
Get your money out while you can folks!!!!

October 26, 2017

Greetings Everyone,

USI-Tech remains firmly at the top of my list of recommended
passive income producing programs. The first year anniversary
celebration is taking place this coming weekend in London.

A few days ago the members received this message.....

---------------------------------------------------------------------------------
Dear Partner,

Because we want you to have the most accurate and transparent info
possible, we have both an announcement and a clarification: USI-
TECH has entered a $70 million contract, under an NDA, with a
strategic partner. If you saw the earlier statement that mentioned
the name “Bitfury,” please note that information was inaccurate
and incorrect. This contract will allow us to expand our mining
assets with hardware that can mine Etherium, Etherium Classic,
Z Cash, Dash, Monero, and other GPU based coins. It will also
give us the capability to use a proprietary algorithm that mines
the most profitable coin each day and then settles into Etherium
in our mining pool. Although the mining contract and partnership
are confidential by nature, we will be able to provide complete
transparency to our customers and distributors at our London
event on October 28th. At that time we will release our branded
Etherium pool which will show openly on the blockchain exactly
how much Etherium USI-TECH mines on a daily basis. USI-TECH
is excited to take a strong position in the GPU mining market. And
we have additional exciting announcements coming very soon
regarding strategic partnerships that will allow us to participate
in the Asics and Bitcoin mining markets as well.

Best regards,
The USI-TECH Founders
---------------------------------------------------------------------------------

This is HUGE news which further bolsters my expectation that USI-
Tech will continue to change lives throughout 2018 and beyond.

littleroundman

10-30-2017, 06:58 AM

Anyone with the slightest bit of experience fully expects ponzi schemes to long on rhetoric and short on facts.

Having said that, I defy anyone to come up with a bigger pile of nonsense than this little snippet from the USI-Tech London conference.

https://vimeo.com/240470896
http://imageshack.com/a/img924/2407/HMDhVe.png

There ya go,

Instead of solving the worlds' energy problems and making multiple billions in the process, USI-Tech is going to use it to run a ponzi scheme.

It's tempting to say anyone who believes this steaming pile of male bovine excreta deserves to lose their money

ribshaw

10-30-2017, 08:43 AM

FFS where's Edmund when you need him?

Are you implying they bought Hendershot's blueprints and only claim to have come up with a magical magnet on their own?

https://www.youtube.com/watch?v=Di2eYvCtB5o

A leaked copy of said super magnet targeted to just the right audience.

Magniwork is a scam (http://www.nlcpr.com/Deceptions8.php)

littleroundman

10-30-2017, 11:40 AM

While we're on the subject of the USI-Tech London sucker session conference, check out the gentleman in the blue jacket skulking around in the background of this clip::

https://vimeo.com/240508926
http://imageshack.com/a/img923/5405/6YtPDC.png

Yep, that's Mark "The gerbil" Ghobril.

Who's Mark Ghobril, I hear you ask.

The gerbil was one of the pimps behind the collapsed Banners Broker scam and was Septic Simon Stepsys' sponsor in the also collapsed My Advertising Pays scheme.

Ghobril is (in)famous for the statement he made at the height of the Banners Broker fraud.

http://imageshack.com/a/img923/1761/EQinJ3.png

A statement, by the way, he conveniently forgot after the Canadian Authorities shut down Banners Broker and arrested its' founders.

Mr Ghobril is the ultimate serial ponzi pimp.

He doesn't do "legitimate"

Anyone who believes a word he says or joins anything with which he is associated has only themselves to blame for their guaranteed losses.

Della Cate

10-30-2017, 03:04 PM

Yeah, yeah, yeah, course it will, Adrian......

20486

Della Cate

10-30-2017, 03:11 PM

Oh, yes, The Gerbil was there alright....

20487 20489

Glad to see former Mapperoonies like Victor are following him into this one...And I think Jan W_T was a Mapper as well. Claire Hartman James has also gone into Usi...andother lovely Mappette.

20488

Della Cate

10-30-2017, 03:20 PM

WOULD YOU PUT YOUR BANK CARD IN AN ATM RUN BY THIS LOT??

20491

No, neither would I.......

Whip

10-30-2017, 03:34 PM

not gonna happen just like the last scam that alleged it was doing the same.

ribshaw

10-30-2017, 04:06 PM

WOULD YOU PUT YOUR BANK CARD IN AN ATM RUN BY THIS LOT??

20491

No, neither would I.......

Thanks Whip and Della I just realized that's this lying bowl stain.

Hello Ladies and Gentlemen . I have been with MyAdvertisingPays for over a year now . As a Newbie , l can tell you honestly , that MAPS has changed my life ! . It's a real opportunity that actually does what it says . I am also getting sales from my affiliate products I promote on MyAdvertisingPays platform , which shows their traffic is phenomenon and second to non . I have made over 200,000usd within my first 13 months ! I never made sales on Google or any other site while promoting . This is the honest truth . Even a friend of my that became member about few months ago is already achieving great success with this company call MAPS . It's better to give honest opinion as per my experience than lied or speak negative upon them . Thank you .

http://www.realscam.com/f9/my-advertising-pays-advert-platform-scam-ponzi-3439/index53.html#post83204

http://www.realscam.com/f9/my-advertising-pays-advert-platform-scam-ponzi-3439/index53.html#post83209

http://www.realscam.com/f9/my-advertising-pays-advert-platform-scam-ponzi-3439/index53.html#post83213

He's right about the wealth transfer, unfortunately his readers will be doing the transferring.

ribshaw

10-31-2017, 12:43 PM

A one year anniversary in a Ponzi scheme almost to a scam means money for withdrawals is gone. Don't worry, the numbers on your back office screens will still reflect the prentendy wealth you were soon going to tell your boss about. Don't quit your day job.

Lot of "system upgrades" going on today in several crypto Ponzis, an old tell.

20495

20496

KNOCK KNOCK!
WHO THERE?
DESPERATE FOR FRESH FUNDS!
DESPERATE FOR FRESH FUNDS WHO?
ENJOY YOUR LOWER PAYOUTS AND NEW RECRUITING STRUCTURE WE BE BROKE DAT WHO!

20497

20498

ribshaw

10-31-2017, 03:31 PM

John Smith from corporate? Yeah, right... :RpS_rolleyes:

John Smith all right.

20501

Templeton Peck with corporate a more likely pseudonym.

20502

A-Team At 30: 10 Best Scams By "Faceman" - Rediscover the 80s (http://www.rediscoverthe80s.com/2013/10/a-team-at-30-10-best-scams-by-faceman.html)

ribshaw

11-06-2017, 10:18 AM

System upgrades, back office balances out of whack, no access to money, support overwhelmed but working oh so hard behind the scenes, stay positive. Yeppers it's gonna be grand.

https://www.youtube.com/watch?v=JZEIMQ42-oU

20518

20519

Ponzi participants are conditioned like the organ grinders monkey, only the bananas are all gone. At this point participants have no choice but to roll profits and pray, all the polls and promises of being bigger and better won't change that fact.

20521

Here's what investors "again" are being asked to believe. If USI Tech was actually trading it would be the single greatest operation in the history of the world. Of course if Zeek Rewards, Banners Broker, My Advertising Pays, Traffic Monsoon and Traffic Hurricane had been doing what they claimed they would have been the greatest. They weren't, they were scams promoted by Calabro and soon enough USI will be added to the list of inactive offers. The only unknown is the "tale" that will be spun to investors why their money has vaporized.

Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over. https://www.sec.gov/fast-answers/answersponzihtm.html

Della Cate

11-06-2017, 04:26 PM

Oh, look. Here's OUr Shazza and Uncle Gerbil.

20524

Two Usi-Tech buddies together. How lovely.

ribshaw

11-07-2017, 12:15 PM

Could anyone honestly imagine in 2017 having a bank or brokerage account where their balance isn't correct to the penny and they had zero access to their money? In fact the only place we EVER hear about much less experience this oft used canard is Ponzi scams.

Server migration:

http://www.realscam.com/f8/banners-broker-hyip-ponzi-scam-897/index423.html#post50341

Server migration:

http://www.realscam.com/f9/my-advertising-pays-advert-platform-scam-ponzi-3439/index149.html#post89301

Server migration:

20533

Perhaps the best part in the posting of this calculator was the comments about it not extending beyond 300 days. In 300 days these idiots will be thrilled just to get back their seed.

Oops sorry this was the calc from another scam.

20539

Shucks did it again, wait for it.

20540

Yeah here you go, wealth and fame right around the corner.

20534

There is no denying what is going on here, USI Tech is running a Ponzi scam. In the process they are committing securities and wire fraud. If certain people are going to hold themselves out to be "internet marketers" who claim not to "play money games" they should at least be able to understand the most basic of laws.

The "Howey Test" is a test created by the Supreme Court for determining whether certain transactions qualify as "investment contracts." If so, then under the Securities Act of 1933 and the Securities Exchange Act of 1934, those transactions are considered securities and therefore subject to certain disclosure and registration requirements. What Is the Howey Test? - FindLaw (http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html)

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

An investment company that is organized or otherwise created under the laws of a foreign country may not register as an investment company, or publicly offer its securities through interstate commerce in the United States, unless the company applies to the Commission for an order permitting the company to register under the Investment Company Act, and to make a public offering in the United States. https://www.sec.gov/investment/fast-answers/divisionsinvestmentinvcoreg121504htm.html#P91_1690 8

Della Cate

11-08-2017, 01:42 PM

And here's Our Shazza on YouTube....

https://www.youtube.com/watch?v=H8HdX9ynphQ

Heartwarming, ain't it?

ribshaw

11-08-2017, 02:11 PM

It's not like Sharon James has promoted $100m Ponzi scams requiring legal action in the past or anything. It's almost like she just says the same thing about every opportunity and idiots believe it.

http://www.realscam.com/f8/banners-broker-shills-where-they-now-2922/index3.html#post80917

http://www.realscam.com/f8/banners-broker-hyip-ponzi-scam-897/index666.html#post79585

Nah...

https://www.youtube.com/watch?v=ycc7jszYVtw&index=4&list=PLVxHc5oTr6mLYSzXsEyhFmTifEGtNDcR4

http://www.realscam.com/f8/traffic-monsoon-better-than-maps-trusted-admin-charles-scoville-4070/index262.html#post106581

ribshaw

11-08-2017, 02:39 PM

"So real and so transparent" you just don't hear that in every video with Sharon James. You really have to be naive to continue to fall for such goofy platitudes time and again. The only difference between USI Tech and Judo James other scams is this one hasn't collapsed or attracted the attention of authorities yet.

https://www.youtube.com/watch?v=gMwthJegM88

20548

iMarketsLive Scam Warning - Ethan Vanderbuilt (http://ethanvanderbuilt.com/2016/06/01/imarketslive-warning/)

ribshaw

11-11-2017, 10:32 AM

What is a Ponzi scheme?

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Why do Ponzi schemes collapse?

With little or no legitimate earnings, Ponzi schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.

20609

What are some Ponzi scheme "red flags"?

Difficulty receiving payments.

Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

20610

littleroundman

11-11-2017, 10:59 AM

http://imageshack.com/a/img923/4585/V24iuA.png

She may not know it, but Ms Robinson has far greater problems that whether or not withdrawals start again.

A Suspicious Activity Report (SAR) is a document that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) following a suspected incident of money laundering or fraud. These reports are required under the United States Bank Secrecy Act (BSA) of 1970.

Ask Charlie Scoville what happens if you ignore your financial institution warning you it suspects fraudulent activity

littleroundman

11-11-2017, 11:25 AM

Scratch what I just said about "far greater problems"

I'd say she now has two major problems and they are about even in importance.

http://imageshack.com/a/img923/4043/9hNmxD.png

ribshaw

11-11-2017, 01:23 PM

Even the Nigerians know how gullible people in scams like USI are. Fish in a barrel comes to mind.

This guy wants you to believe a picture of Chinese rice is part of a Nigerian customs auction.

20613

https://www.facebook.com/photo.php?fbid=129964094400389&set=a.108329796563819.1073741827.100021603971161&type=3&theater

https://www.farmlandgrab.org/post/view/25785-chinese-firm-to-build-rice-mill-research-institute-in-akwa-ibom

This guy, we'll I can hardly get a grip on my confusion why he would think anyone believing USI Tech would fall for a ruse like this.

20614

20616

https://www.facebook.com/johsan.hall?fref=gf&dti=390089121361046

"I'll Show YOU Exactly How To Make 90-150% in 30 days!"

ribshaw

11-12-2017, 04:19 PM

If this selloff in BTC continues the charlatans at USI have a perfect out, sorry trading losses better luck next time. Since no one invested in this mess has anyplace other than Facebook to turn, good luck with that.

More importantly since I don't need to make money posting picture of beer drinking and 80s movies, does your guru have a sell strategy? Maybe BTC bounces, what if it doesn't?

This seems well thought out, but when his BTC magically don't fluctuate in price I see his point.

20629

Meanwhile, Bitcoin, which was trading at an all-time high of around $7,800 on Wednesday, is now down to around $6,000 as of press time but had dipped as low as about $5,500

https://www.forbes.com/sites/laurashin/2017/11/12/bitcoin-cash-skyrockets-bitcoin-price-drops-as-civil-war-continues/#648d3e7135b5

ribshaw

11-13-2017, 09:14 AM

Has anyone stopped to ask why someone would call something an "investment" if it didn't resemble to the layperson an investment? Buy this "shoe" it pays 1% per day, that makes sense.

20631

20632

Paraphrasing LRM in the post below, we've heard and seen all this before.

20633

http://www.realscam.com/f8/traffic-monsoon-better-than-maps-trusted-admin-charles-scoville-4070/index401.html#post117392

littleroundman

11-13-2017, 12:39 PM

okosh

11-14-2017, 07:13 PM

I'm tellin' ya, anyone who believes a word coming from Calabro Jrs' keyboard and puts any money into USI-Tech from here on in can't read the writing on the wall and will lose their hard earned.

REMEMBERING,

It's still another two weeks until Black December

Further proof that the writing is on the wall is this desperate plea for bottom feeders to keep this ponzi afloat by Ken Russo.....

History shows that when Ken Russo predicts huge growth it means you better get your money out while you can....

November 14, 2017

Greetings Everyone,

Since the 1 year anniversary event in London about 2 weeks ago
there has been a amazing increase of new members joining USI-
Tech. There are now 450,000 members which is an increase of
150,000 during these 2 weeks. This is the kind of critical mass
growth that we seldom see and which should not be ignored by
anyone who is looking for a passive income producing vehicle.

There was a meeting in Dallas over the weekend. Here are some
notes from that event.....

Begin
----------------------------------------------------------------------------
Horst Jicha (via Skype), CEO and COO, outlined his vision for
the future…and in particular the likely impact of the USI Tech
Coin - which he described as going to be extraordinary!

Why so? Because this coin (unlike others) is/will be backed by
a major company, an exchange, a community and proprietary
technology.

This community is estimated to reach 1 million in time for the
ICO…...1 million members hungry to trade Tech Coin is expected
to create a demand commensurable with and fueled by the community
behind it…and other exchanges are expected to trade Tech Coin in
response to such demand.

The excitement surrounding possible Tech Coin value is palpable…..
of course there are no guarantees but I’m more convinced than ever
that it has the potential to be the best opportunity any of us have
ever seen!

TECH DEVELOPMENT (gets complicated)

There are some deeply technical advancements which will set USI
Tech apart from the rest.

New patented technology being developed by Evan Ahern (remember
the name) will be true game changers for USI Crypto mining. Here’s why:

1. POWER.

Is expensive…about 90% of costs. A newly designed generating system
(about the size of a small suitcase) will power 6 server racks at virtually
zero cost…the cost advantage is obviously huge!!

2. BITCOIN MINING.

Expect to achieve 1% of global Bitcoin hashrate by mid-December. This
is big, very big. Backed by multi-million $$ investment (c. $70M) in the
purchase of new mining machines to increase capacity throughout the
next 12-15 months.

ANNOUNCEMENT: Implementation of a USI Tech-branded Bitcoin
Mining Tool. This will give total TRANSPARENCY of USI Tech mining
activity on the Blockchain (by mid-Dec). Company mining activity will be
open to public scrutiny (this is a major company activity and profit
generating activity).

ETHEREUM MINING

Already 2.5% of global ETH hashrate. USI Tech branded Etherium mining
tool is ready now - more TRANSPARENCY.

3. COOLING

New self-contained cooling systems will convert heat to power… using
‘Stable Water Hydrogen Generators’ they will run at virtually zero cost!
More awesomeness to reduce mining costs and improve efficiency..

4. ARTIFICIAL INTELLIGENCE

USI Tech are the first company to have access to IBMs ‘Watson’ super-
computer. This will be used to test and run mining optimization software.
Here’s what it is capable of:

Current Blockchain equation ‘solving’ time is typically in the range 1-9
minutes.

AI is doing it in 0.5 seconds!!

Huge huge huge advantage…

ALSO – FOREX trading platform will operate in a very similar
way to the BTC packet platform BUT the 140% packet completion
time is expected to be between 45-60 days!!

That’s the entire cycle complete in a fraction of the time.

5. CONSUMERS

ATMs were discussed. USI Tech branded ATMs anticipated from
first-quarter 2018 and will process Bitcoin, Etherium, Ripple and
Tech Coin. No details yet of how these will be implemented.

Improved transparency will show the Company Financial Reserves
and Performance Reporting.

Some problems with new back office have been experienced and
were acknowledged. Of interest, 5 ‘ethical’ hackers were employed
to try and break the system – none were able to get in…despite a
large bonus if they succeeded.

USI Tech sits on Amazon cloud servers.

The 2018 incentive trip (no details or rules available yet) will be
to Hawaii

SUPPORT (read this - important)

On Tuesday last, the USI Tech support received….68000 support
tickets (yes that’s right, six eight zero zero zero)!!

Many were multiple tickets….one member submitted the same ticket
80 times! There’s a general plea to be sensible about this – bombarding
support will not get a quicker answer.

Support will be 24/7 and include a phone support service and the ability
to remote access customers’ accounts for troubleshooting purposes. Be
patient - constant improvements..

At the London event, membership was approximately 300,000….as of
today in Dallas, membership has risen to 450,000!

800 people in attendance here today.

HOUSE RULES

There is a company emphasis on educating the marketplace and reducing
any hype-based promotion. There are a few ‘rules’ which we were reminded
of too:

These rules are considered to be ‘Compliance Rules for Internet Marketing’:

1. Cannot make income claims or guarantees.

2. USI Tech Terminology – it’s ok to refer to ‘Return of Capital’ at an
AVERAGE rate of 1% per day (variable between 0.75-1.25). This applies
until 140% has been reached (packet expiration). These terms are in
preference to saying 'Investment' and 'profit in 140 days'.

3. Do not post images or screencasts from the back office to recruit new
members.

One final ANNOUNCEMENT and rule change. As a distributor/customer
we will be allowed to sign up anyone (18+), no matter where they live, as
long as they can verify their address.

Apparently this has been an issue for recruiting, say, family members
with the same address etc..

That’s it!! I’ve scratched the surface of an event packed with a ton of info.

There were a number of charitable acts too....overall I'm very impressed
by the company ethos, vision, energy and strategy!"

-------------------------------------------------------------------------------------------
End

Message From A Fellow List Manager

Harris DesOrmeaux is one of my personally sponsored members.
Here is the heartfelt message he sent to his subscribers yesterday.

Begin
--------------------------------------------------------------------------------------------

Hello to all valuable UYL members,

I cannot and will not sit still while people are becoming
millionaires as we just look on and envy them. Yes, you
guessed it, and that is why I am writing to you today with
this bold and highlighted first paragraph. I want you to
know that this is one of the most important updates I have
ever had the pleasure of sending you.

Are you ready to explode your income? Then, please listen to what
I am about to share with you. Yes I know, many of you are already
members of this fantastic program and I want to congratulate you
even though you may not have realized the full impact of what USI
can do for you.

After "playing around" with USI for several months while I tested it
thoroughly, I can now confirm that USI is the most promising program
that I have ever encountered. To say the least!

For example, let me show you snapshots of my back-office so I can
prove to you that this thing is REAL. As you can see below, I now
have 287 bitcoin trading packages for a cost of about $57 each. You
can get started with as little as one package but you will want many
more if you see the potential like I do. You can also see that I am
earning 0.0238 btc per day with btc valued a $6,500 each (today).
That is $155 per day until I have received a 140% return on my money.
You can also see, with very little effort, I have 76 referrals on my team
and 45 of them are personally sponsored. Please note that the income
shown below does not include any of my referral income. And NO, I
did not build my income because of my downline as some of you may
be thinking.

You will want to pay close attention to these figures because you have
not seen anything yet.

Active BTC Packages - 287
My Available Balance - 0.0131 BTC
Lifetime ROC - 0.9548 BTC
Lifetime Commissions - 0.9814 BTC
Lifetime Grand Total - 1.9362 BTC
Return on Capital - 0.0238 BTC
Registered Members - 76

With my re-buy option set at 100%, this means that I am buying about
3 new packages daily coming from my daily trading earnings alone. I
am withdrawing 100% of my referral income to help enjoy life, while
my income and my account keeps growing larger and larger with time.

By inserting a couple of numbers on the website calculator, it shows
that my account is now growing at the rate of 3 new packages per day
and up to 12 new packages per day by the time my present packages
mature at 140% and my income will NEVER stop growing. As long
as you keep your re-buy set at 70% or above, you can always be sure
that your account will keep growing indefinitely in size and income.
The higher you set it the faster your account will grow.

The calculator shows that within 1 year from now and not adding any
additional pocket money, my account will be earning way over $1k
per day, and not including any referral income or rise in the btc value
which is highly unlikely.

Many experts claim that the btc will soar to $10k in value by the end
of this year. The btc value increase will bring my account to earning
over $1.5k per day. Can you imagine what your income will be like
when the btc value rises to $10k, $50k or $100k or more? Yes, set
your own income with USI and it will be done.

Everybody earns money with USI with no ands, ifs, or buts.

Now it's your turn! Don't play around like I did. This goldmine is
yours if you want it.

USI is now my number one choice and all of my other programs are
simply there for diversification.

No matter what you are presently doing, USI will not interfere and
it will very likely end up as your number one program too.

Wishing you the very best,

Harris DesOrmeaux
----------------------------------------------------------------------------------

Excellent update which points to the reasons that USI-Tech is firmly
at the top of my list of recommended passive income producing
programs.

As I have stated in several updates over the last 6 months, we may
never experience a program of this caliber again and I urge you to
make to the most of it.

Instructions to join our rapidly growing USI-Tech organization....

Click here >>>> https://kwrusso.usitech-int.com

Click on "REGISTER" and enter your name and email address. As
is always the case with any program it is best to use a gmail address.
You can set up a new account very quickly here - gmail

Watch for a message with the subject "Account Verification email"
which provides a link to activate your account.

Watch for a welcome message from me.

Ken

okosh

11-14-2017, 07:49 PM

Did I mention that the scamming low life reff whore Goddie Ude is now also pimping this ponzi??....

Link took me to USI-Tech...

DON'T SIT ON THE FENCE,
JUST READ THIS!

Hello xxxxxx
Warren Buffet said, "if someone offered you an opportunity to improve your life, first test it out, then ask questions!"

The moral of the statement simply means you will miss 100% of chances (opportunity) you did not take!

A couple of months ago a friend offered me this opportunity. I ignored it because the website looked so simple to me. But then I kept watching the company as they developed into a global phenomenon and even got registered in many countries.

Not willing to keep losing out, I stepped in and the rest is now history. Folks, this is a ground floor opportunity.

Partner with 7-figure colleagues and see your wings grow beyond your widest imaginations.

It is here for you to take a ride and test it out.

Read this to understand more: GET MORE HERE!

This is one major shift in history you cannot afford to miss!

Go ahead and watch this short clip: WATCH THIS!

See you at the top!

Nikky, Dr. Goddie & Global TopTeam
7742950004

ribshaw

11-14-2017, 08:08 PM

New patented technology being developed by Evan Ahern

A newly designed generating system
(about the size of a small suitcase) will power 6 server racks at virtually
zero cost…the cost

A few people at USI-Tech Review 2.0: Forex auto-trading dropped for bitcoin Ponzi (http://behindmlm.com/mlm-reviews/usi-tech-review-2-0-forex-auto-trading-dropped-for-bitcoin-ponzi/) brought up a reasonable point, where's the patent number?

Something like this perhaps?

Patent US6383188 - Expandable reamer

Fat City, LA

11-15-2017, 02:29 PM

When you go away from the usual ponzi pimps, ponzi players & first generation rubes its leads to SEC charges.
https://neworleans.craigslist.org/sls/d/interested-in-the/6387895673.html

EagleOne

11-15-2017, 05:04 PM

While there was no mention of who the owners are of USI-TECH on the company website, it was revealed that they are: 1. Joao Filipe Fernandes Severino, the software development expert with over 20 years’ experience; 2. Ralf Gold, the trading expert, with 30 years’ experience in trading and finance; 3. Horst Jicha, with a corporate finance background in commercial securities; and 4. Mike Kiefer – the company’s ambassador and expert in network marketing.

In doing a Google search for Mr. Jicha, the only information that appeared about him were all the YouTube videos he has done. Not one link to his bio or profile. In a YouTube video he said he was Managing Director, Primion Technology AG, but nothing can be found to prove it. You'd think that a CEO of such a great technology company that is going to change the world would want his bio public knowledge, unless of course it is all a lie.

shipdit

11-15-2017, 06:54 PM

USI Tech are the first company to have access to IBMs ‘Watson’ super-computer. This will be used to test and run mining optimization software.
Another ridiculous lie from the ass-hats running the USI-Tech Ponzi SCAM (enthusiastically passed on to you by Ken Russo).

The first corporate customer for IBM's Watson was WellPoint Health Networks, Inc. back in 2013 (Wellpoint has seen been acquired by Anthem).

SD

.

Whip

11-15-2017, 06:58 PM

Another ridiculous lie from the ass-hats running the USI-Tech Ponzi SCAM (enthusiastically passed on to you by Ken Russo).

The first corporate customer for IBM's Watson was WellPoint Health Networks, Inc. back in 2013 (Wellpoint has seen been acquired by Anthem).

SD

.

not only that, but there was another scam that already tried to make that claim.

shipdit

11-17-2017, 01:49 PM

20699

Never fear, Ponzi SCAM enthusiasts.

The King of Due Diligence himself, Ari Maccabi, is on his way to get all the juicy details as to whether or not you will ever see the money you "invested" in USI-Tech again.

Don't hold your breath. I wonder what USI-Tech would be willing to pay a serious promoter to report to his downline that "everything is on the up-and-up"?

Do you think there might even be further details about the miraculous zero-cost electricity discovery?

20700

SD

.

Bestbud

11-17-2017, 09:44 PM

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

kschang

11-17-2017, 11:49 PM

Oh, speaking of that "Asymmetric Permanent Magnet Motor / Generator: and "hydrogen Fuel / Electric Generator"...

First is basically a perpetual motion machine generating "virtually free energy"

And second is a fancy diagram of "run your car on water" HHO gas bogosity with a slightly modified title.

A (MLM) Skeptic: Scam Hilarity: Suspect ponzi claims to be mining bitcoin w/ perpetual motion engine (http://amlmskeptic.blogspot.com/2017/11/scam-hilarity-suspect-ponzi-claims-to.html)

littleroundman

11-18-2017, 01:16 AM

HMMNN,

What to do, what to do.

So, I've invented an "Asymmetric Permanent Magnet Motor / Generator and hydrogen Fuel / Electric Generator" which has the capacity to solve the worlds' energy problems.

What do I do ???

A) sell the rights for billions of dollars ??

B) Develop it myself THEN sell it for squillions of dollars ???

C) Sell it to the fraudsters behind a third rate ponzi / pyramid fake cryptocurrency scheme ??

kschang

11-19-2017, 07:51 PM

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

Whip

11-19-2017, 07:56 PM

and the patent number is? asking for a friend.

littleroundman

11-20-2017, 01:25 AM

and the patent number is? asking for a friend.

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

Whip

11-20-2017, 06:02 AM

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

ribshaw

11-20-2017, 11:40 PM

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

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.

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/accreditedinvestor.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-enhancements-prohibited/

http://www.realscam.com/f11/ari-maccabi-ponzi-pimp-his-brand-4844/index2.html#post117822

ribshaw

11-22-2017, 09:18 AM

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/390089121361046/?notif_t=group_r2j_approved&notif_id=1505874621459725

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-customer-claims-the-company-is-now-a-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.

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?

EagleOne

11-22-2017, 02:46 PM

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.

ribshaw

11-22-2017, 03:27 PM

Did Faith Sloan make a video about USI-TECH?

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

20720

Result: Is USI Tech Another Bitcoin MLM Scam? (http://amedeffect.org/issue/btcfeed/is_usi_tech_another_bitcoin_mlm_scam)

20721

https://themerkle.com/is-usi-tech-another-bitcoin-mlm-scam/

20722

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

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

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.

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

ribshaw

11-22-2017, 06:26 PM

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

20725

More knowledge dropped here...

http://www.realscam.com/f11/ari-maccabi-ponzi-pimp-his-brand-4844/index2.html#post117855

ribshaw

11-22-2017, 08:24 PM

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

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-broker-hyip-ponzi-scam-897/index675.html#post102611

http://www.realscam.com/f9/my-advertising-pays-advert-platform-scam-ponzi-3439/index223.html#post98944

http://www.realscam.com/f8/banners-broker-shills-where-they-now-2922/index4.html#post81252

http://www.realscam.com/f8/imarketslive-banners-broker-redux-2880/index2.html#post69047

http://www.realscam.com/f9/numis-network-robert-kiyosaki-pot-gold-end-rainbow-110/#post75963

littleroundman

11-22-2017, 11:30 PM

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

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

ribshaw

11-23-2017, 09:58 AM

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

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

11-23-2017, 10:48 AM

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...

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/usitech-int.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 (http://www.globalone2one.com)
https://www.facebook.com/pg/globalone2one/about/?ref=page_internal
https://www.youtube.com/channel/UC7A_lLtczd4PeWomPVGQI9g

20730
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

20732

Cryp Trade Capital Review: 361% annual crypto trading ROI? (http://behindmlm.com/mlm-reviews/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

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.

ribshaw

11-23-2017, 11:23 AM

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-another-goddie-ude-ken-russo-pimped-scam-4288/

http://www.realscam.com/f9/future-net-futureadpro-first-spot-real-product-wins-prize-4483/

http://www.realscam.com/f9/exitus-big-online-scam-paul-stevenson-4509/

Bitclub Network, who possible could have seen this coming?

BitClub Network Review: Zeek Ponzi veterans at it again... (http://behindmlm.com/companies/bitclub-network-review-zeek-ponzi-veterans-at-it-again/)
BitClub Network terminate early investor contracts (http://behindmlm.com/companies/bitclub-network/bitclub-network-terminate-early-investor-contracts/)

BitClub Network abandon US, on the run from regulators? (http://behindmlm.com/companies/bitclub-network/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 (http://behindmlm.com/companies/isn-coins-review-autoship-numismatic-coins/)
BitClub Network abandon US, on the run from regulators? (http://behindmlm.com/companies/bitclub-network/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 (http://behindmlm.com/mlm-reviews/lead-lightning-review-power-lead-system-rebooted/)
Power Lead System Review: Accelerated leverage? (http://behindmlm.com/companies/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 (http://behindmlm.com/mlm-reviews/bitconnect-review-bitconnect-coin-pump-dump-with-ponzi-rois/)

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

20734

My Paying Ads Scam? Yes It Is In My Opinion!ï»¿ - Ethan Vanderbuilt (http://ethanvanderbuilt.com/2016/01/06/my-paying-ads-scam-yes-opinion/)

Gold Reward ICO and lending, oh FFS.

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

ribshaw

11-23-2017, 11:46 AM

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

20735

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? (http://behindmlm.com/companies/legal-opinion-claims-usi-techs-unregistered-securities-legal-in-the-us/)

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-advertising-pays-advert-platform-scam-ponzi-3439/index220.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-statement/statement-potentially-unlawful-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-alerts-and-bulletins/ib_coinofferings

ribshaw

11-23-2017, 06:12 PM

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.

20736

20737

ribshaw

11-23-2017, 06:30 PM

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.

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.

20739
20740
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.

Whip

11-23-2017, 06:34 PM

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.

ribshaw

11-23-2017, 07:03 PM

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?

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 (http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html)

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.

ribshaw

11-23-2017, 07:44 PM

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

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.

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.

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/business-center/guidance/selling-work-home-or-other-business-opportunity-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.
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 (http://amlmskeptic.blogspot.com/2014/01/mlm-dictionary-koscot-test.html)

ribshaw

11-24-2017, 08:56 AM

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?

20749

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

Bestbud

11-24-2017, 08:15 PM

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 (http://behindmlm.com/companies/usi-tech/genesis-mining-denies-usi-tech-partnership-omnia-tech-cd/#more-39903)

littleroundman

11-24-2017, 11:02 PM

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 (https://twitter.com/GenesisMining?ref_src=twsrc%5Egoogle%7Ctwcamp%5Ese rp%7Ctwgr%5Eauthor) 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

Fat City, LA

11-26-2017, 02:53 PM

The never ending flow of bullshit continues.
https://neworleans.craigslist.org/sls/d/bitcoin-sales-executive/6401054644.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

ribshaw

11-28-2017, 06:35 AM

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.

20757

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

USI-Tech Review 2.0: Forex auto-trading dropped for bitcoin Ponzi (http://behindmlm.com/mlm-reviews/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

20758

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

BitPays Global Review: Bitcoin-based 45 day Ponzi ROIs (http://behindmlm.com/mlm-reviews/bitpays-global-review-bitcoin-based-45-day-ponzi-rois/)

The requisite scam promotions on YouTube

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

20759

Look Ma, super coffee...

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

https://www.youtube.com/channel/UC6AN3Q-urwgFLKYmZXWb28g/videos

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

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

https://plus.google.com/103904551922327323596
https://www.facebook.com/dinostylianopoulos
https://twitter.com/eagledriver?lang=en
Dino Stylianopoulos | BetterNetworker.com (http://www.betternetworker.com/members/eagledriver)

ribshaw

11-28-2017, 06:43 AM

This is a screenshot of accounts from The Gerbil's gushing video over the USI Tech software.

20762

Conspicuously absent from the latest portfolio are some of those very same accounts. Apparently folks like FR1 highlighted by Gerbil grew so tired of fully automated trading and massive profits they took balls and went home.

20763

ribshaw

11-28-2017, 10:13 AM

A good number of pimps and suckers are quite smug how USI Tech is working for them. Pretending for a nanosecond USI Tech is not a Ponzi, let's take a look how much these people have forfeited investing in USI versus simply holding BTC.

I even make some generous assumptions in favor of USI with this dandy.

20765

BTC Price November 29, 2016 $731.76

BTC Price November 28, 2017 $9904.25

13 times your money simply holding one BTC.

Had funds been invested in USI on the same day.

15 BTC Packs $750 (Assuming 11/28/2016 purchase)

($15*70) = $1050 value at maturity 140 days later assuming reinvestment 21 BTCP now exist.

($21*70)=$1470 value at maturity 140 days later assuming reinvestment 29.4 BTCP exist.

(29.4*70)=$2058 on the third cycle which would be at 420 days (more than a year for you math nazis).

$9904.65 (BTC value) - $2058.00 (Pretend value of USI BTCP)= $7846.65 LESS by investing in USI tech.

GO TEAM.

Even if USI Tech was real, OMG did they pull one over.

ribshaw

11-28-2017, 11:47 AM

Performance chasing and how you know USI Tech is filled with fibbing fibbers fibbing.

1% returns per day (or whatever non guaranteed fraction they want to claim-scammers are real big on reminding people nothing is guaranteed these days, results not typical) on your money paid in perpetuity has and always will be a scam. Sorry that's just how the world works.

USI Tech led with their FX Trading software, if this garbage worked people would be pouring money in not getting out as fast as they can. One of the reasons BTC goes up is because it has gone up so much. The same happened with stocks, gold, and real estate when all formed bubbles as people chased performance with their cash. The inevitable crashes came and will come, most will be left worse than when they started.

20768

Over 333 days $518,055.63 tracked on FX Blue yet only $218,400 remains. The return for the full period they show is 8.22%, not per day but for the entire tracking period. Laughable, no wonder they stopped selling it.

TRILLION$ are traded in the FX market daily, $500k is a pimple on an elephants ass, $200K the budget for a hedge fund XMAS party. No one knows or cares about this snake oil outside of Facebook Ponzi groups.

This person's account is down 45%, I'd wager this is more typical of the accounts not listed on FX Blue.

20769

Here is a winning account, which rather than confirming USI Techs trading software works confirms this is little different than a random number generator.

20770

It should be obvious but I'll reiterate if someone came up with trading software that worked they would never mass market it. So you can save your money always. They would either trade it themselves or solicit funds from large investors, sorry little guys no one is going to do you a solid. There is however a good reason for this. Account sizes and the ability to actually execute trades determines performance. If an account can't make all the trades the system rapidly falls apart.

If you look at the pie charts of the above two accounts they traded virtually the same FX pairs. Yet one is up 48% and one is down 45%, both on the same automated system over almost the same period. The winning account had a peak drawdown of 23%, the losing account had a peak drawdown of on 9.9%. I question the latter, since the account is down 45%, meaning the peak drawdown is 45%. How can this be if this isn't some mass marketed random trading bot?

If 100 or 1000 or 10,000 people buy any trading system I would expect there will be some genuine winners. Doesn't mean it works, just means they got lucky. Once the sunlight has been shown on the lies the woo peddlers must move on to their next honey pot. Like say a Ponzi where everything is cloak and dagger and returns are taken on spec.

ribshaw

11-29-2017, 08:14 AM

ribshaw

11-29-2017, 08:17 AM

From FX trading to ATMs, I can't believed they skipped the part where everyone was getting a debit card.

20776

File this under heard it all before.

Operators of Ponzi Scheme Involving Non-Existent ATMs That Cost Victims More Than $135 Million

https://www.fbi.gov/contact-us/field-offices/losangeles/news/press-releases/operators-of-ponzi-involving-non-existent-atms-that-cost-victims-more-than-135-million-in-losses-sentenced-to-up-to-decade-in-prison

Top 10 Work At Home Business Opportunity Scams - 4 - Ethan Vanderbuilt (http://ethanvanderbuilt.com/top-10-work-home-business-opportunity-scams-4/)

Nationwide Automated Systems ATM Scam Shutdown - Ethan Vanderbuilt (http://ethanvanderbuilt.com/2014/10/08/nationwide-automated-systems-scam-shutdown/)

ribshaw

11-29-2017, 11:31 AM

Wow Diaper Dandy James Lockett really fills his depends on this one. Not sure what's muddier the water behind him or the tales he's spinning about corporate seekrits.

https://www.youtube.com/watch?v=POoUHDav3GI

Maybe he has a little diaper rash getting called on his BS about what USI clearly was doing?

20778

Now this smug asshat wants us to believe commercially sensitive, non disclosure agreements, and most of all none of your business. So much for transparency.

Then again, let's look at the two videos Lockett has made unavailable mere days after they showed up on this thread, very proud of his work this one.

20779

20780

http://www.realscam.com/f9/usi-tech-claims-its-sale-unregistered-securities-us-legal-4873/index4.html#post117873

People are being asked to invest money by a company that is all over the web and holding seminars across the world. Every time they get called on their lies the story changes. Oh we can pay as promised, but the veracity of that statement can't be verified and is none of your business. Work that one out for yourselves folks.

Oh and James, you and I both know USI Tech won't be suing anyone so let's not kid ourselves.

USI: The "haters" are pointing out we are illegally selling unregistered securities and spoiling our good Ponzi name, make them stop.

JUDGE: I'm not certain I see the problem, do you have any proof you are compliant with securities laws including the independently audited financials that would already have to have been published for said compliance?

USI: That's private

Honestly James, not only have we all seen the scam before, we're all too familiar with the foot stomping.

20781

EagleOne

11-29-2017, 05:02 PM

Maybe I'm reading this wrong, but USI Tech claims in this video to mine 1% of the world's BTC daily.

https://www.youtube.com/watch?v=bV_KHD8EOzU

20773

Yet when I look at top miners over the last six months, USI nowhere to be found. I find it highly dubious they would be screaming all over the web how great they are and not have their name plastered here.

20774

https://www.blocktrail.com/BTC

Yeah, not here either.

20775

https://blockchain.info/pools?timespan=4days

Hmm, odd that OneCoin is not listed either since they said they were going to mine 120 Billion coins and are mining 50,000 coins per minute. Oh wait, they are both doing it anonymously. Yep that has to be the reason.

ribshaw

11-29-2017, 06:37 PM

My bestest pal Joseph stopped by to engage James Lockett's in a conversation about the law on his latest video, what do you know his comment has already been deleted.

20784

res ipsa loquitur

Bestbud

11-30-2017, 06:21 PM

20788

https://thompsonburton.com/mlmattorney/2014/02/12/so-youve-heard-ive-been-retained

EagleOne

11-30-2017, 07:22 PM

Realist News did a great video exposing USI-TECH, and one of its major promoters. Also got FutureNet in the report as well since the major promoter of USI-TECH was also a major promoter of FutureNet. He got 3 flamed at once. Great piece and worth watching.: https://www.youtube.com/watch?v=I0JwQOBkJQ8

littleroundman

11-30-2017, 07:28 PM

https://www.youtube.com/watch?v=I0JwQOBkJQ8

ribshaw

12-12-2017, 01:54 PM

Legit businesses hire attorneys first, comply with the law, and then solicit money. Ponzis not so much.

20832

RAK ICC Offshore is an international business company registered in the Emirate of Ras Al Khaimah, UAE. Such companies can perform essentially any type of business outside of the UAE.

These advantages should make investors all warm and tingly.

No accounting necessities record keeping only
No audit requirements and no filing of financial results
Limited Liability – means limited risks for owners.

Confidentiality of information: RAK ICC Offshore Company’s registry is not accessible by third parties, and information on its owners is kept at a high level of discretion

https://www.emiratesca.com/rak-icc-o...onsiderations/

At some point though, you really have to thank the haters for doing all the work people taking your money seem incapable of.

RAK ICC Offshore Company can do ALL types of business except banking / financial services and insurance / re-insurance.

http://www.realscam.com/f11/james-grace-lockett-global-turbo-team-presents-yourdailyabundance-5013/#post118249

ribshaw

12-14-2017, 01:45 PM

Lockett is going to give himself a stroke being so huffy. Let me preface this by saying there are plenty of examples of Ponzi operators that had legit business ventures in conjunction with the scams they were perpetrating. Bernie Madoff comes to mind as he was running a market making firm in addition to his scheme. One suspicion in the financial community is that he was front running trades to fund his client accounts, if only that had been the case.

Witness your last hope of not being screwed...

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

20857

They have been claiming they were mining for the better part of the year yet...

20858

https://etherscan.io/balancecheck-tool?a=0x625a083bee9e6f0fd756e79880b26b955826702c

Rory makes some very good points.

Rory Highside • 12 hours ago

It is proof SOMEBODY is mining, who though, nobody knows. https://etherscan.io/stat/miner?range=7&blocktype=blocks You guys can see here account 0x625a083bee9e6f0fd756e79880b26b955826702c is only .63% of global hashrate, a fair stretch from the some 2.5-3% they claimed right?

Now if you want to actually dig deeper, you can see this account has been mining for 225 days and has only ever sent 1 eth out. How are they paying members? Also, over 225 days it has only generated $8,900,000. That is only enough to pay each member several cents. https://etherscan.io/txs

They paid some backyard mining operation to change their name on the pools.. Tell me how this is proof of anything except more fraud?

https://www.etherchain.org/account/625a083bee9e6f0fd756e79880b26b955826702c#comments

Let's conclude this latest ruse with the observation that without independently audited financial statements showing total assets and liabilities any mining number is meaningless. I've seen claims that there has been over $300M pumped into USI Tech, how does an alleged $8M even begin to cover that nut?

ribshaw

12-14-2017, 10:16 PM

The funniest/saddest thing of all is if the monkeys behind USI Tech had simply collected and held BTC they could have pulled off their scam in grand fashion. Instead we're hearing about a congested blockchain. Maybe they need one of those Tony Booth bigger pipe enemas?

20862

20863

20864

Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

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

Bestbud

12-14-2017, 10:37 PM

Her monkey sponsor can't help her either...

20865

Bestbud

12-15-2017, 09:58 PM

"USI-Tech is not generating external ROI revenue through stock trading, bitcoin trading, bitcoin mining, a partnership with Genesis Mining, a $70 million dollar BitFury mining contract, magical free electricity devices, ethereum mining or anything else they come up with.

The only verifiable source of revenue entering USI-Tech is new affiliate investment, the use of which to pay existing affiliates a 140% ROI makes it a Ponzi scheme."

Analysis of USI-Tech's ethereum mining pool (external ROI revenue?) (http://behindmlm.com/companies/usi-tech/analysis-of-usi-techs-ethereum-mining-pool-external-roi-revenue/#more-40163)

Bestbud

12-17-2017, 05:31 PM

"On December 15th the British Columbia Securities Commission officially added USI-Tech to its Investment Caution List."

USI-Tech investor warning issued in BC, Canada (http://behindmlm.com/companies/usi-tech/usi-tech-investor-warning-issued-in-bc-canada/#more-40187)

littleroundman

12-17-2017, 06:38 PM

http://imageshack.com/a/img922/1197/7R1E3D.png

British Columbia Securities Commission (https://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/USI-TECH_Limited/) website

Bestbud

12-18-2017, 02:20 PM

"International regulators are urging caution over a Bitcoin trading scheme used by New Zealanders.

USI-Tech is based in the United Arab Emirates and operates online, offering investors returns of 1 per cent per day, plus a size of the investment returns of others they recruit to the platform."

https://www.stuff.co.nz/business/99976731/international-regulator-issues-warning-over-bitcoin-platform-used-by-kiwis

EagleOne

12-19-2017, 05:21 PM

I had to laugh as I got an email from a lady called Cecilia who was pitching me USI-TECH, and of course included the obligatory schreenshot that proved that mining was happening. Obviously she bought an email mailing list, or she would have never sent one to me.

Since she was so kind to send it to me, I thought it was only proper for me to thank her and reply. Let's just say that I don't think she will be sending me future emails after she reads my response. Actually I do hope she does respond as it opens the door to provide her proof USI-TECH is all smoke and mirrors and a pack of lies. Unless of course she only tells me off and claims I don't know what I am talking about and I'm just a hater.

Bestbud

12-20-2017, 07:23 PM

"In an attempt to stop promotion of the USI-Tech Ponzi scheme throughout Texas, the Securities Commissioner issued an emergency cease and desist on December 20th."

USI-Tech securities fraud emergency cease and desist issued in Texas (http://behindmlm.com/companies/usi-tech/usi-tech-securities-fraud-emergency-cease-and-desist-issued-in-texas/#more-40248)

littleroundman

12-20-2017, 07:30 PM

The Texas State Securities Board (https://www.ssb.texas.gov/news-publications/bitcoin-promoter-usi-tech-hit-emergency-order) has issued an emergency Cease and Desist order (https://www.ssb.texas.gov/sites/default/files/USI-Tech%20ENF-17-CDO-1753.pdf) against USI-Tech Limited

https://imageshack.com/a/img923/2776/GeaqiE.png

You can see the original news release here: Texas State Securities Board (https://www.ssb.texas.gov/news-publications/bitcoin-promoter-usi-tech-hit-emergency-order) and download a copy of the Cease and Desist order in .PDF format here ssb.texas.gov (https://www.ssb.texas.gov/sites/default/files/USI-Tech%20ENF-17-CDO-1753.pdf)

EagleOne

12-21-2017, 03:17 AM

We've got it all wrong. The actions taken by the BC and Texas authorities is not bad or negative news, rather it is good news. It's simple. Once USI-TECH explains to these authorities how they are perfectly legal, they will rescind their actions and then USI-TECH will never have to worry about any other states or countries doing the same thing.

How do I know? Well, they said the same things in Zeek. Uh wait a minute......Hmm.....you mean to tell me that it didn't work in Zeek? Never Mind.

Daveyw

12-21-2017, 06:01 AM

https://www.facebook.com/SirRodneyBurton/videos/1995078353852244/

I've just watched this video of the ponzi promoters congratulating themselves with shutting up the haters and the usual where here spending your money bs. I was wondering what they talk about when the filming stops. Do they sit there convincing each other how great an opportunity it is or are they honest with each other about it being a scam and brag to each other about how many suckers they've managed to sign up this week.

Bestbud

12-21-2017, 10:41 AM

"Hot on the heels of a similar warning issued by the British Columbia Securities Commission on December 18th, today New Brunswick’s Financial Consumer Services Commission issued their own USI-Tech investor warning."

USI-Tech fraud alert issued in New Brunswick, Canada (http://behindmlm.com/companies/usi-tech/usi-tech-fraud-alert-issued-in-new-brunswick-canada)

EagleOne

12-21-2017, 01:35 PM

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

Char

12-21-2017, 01:54 PM

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

20938

Daveyw

12-21-2017, 02:35 PM

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

Bestbud

12-21-2017, 07:27 PM

EagleOne

12-21-2017, 08:13 PM

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

20938

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.

shipdit

12-21-2017, 08:19 PM

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

.

okosh

12-21-2017, 08:26 PM

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.mcfarland?fref=gm&dti=125225684846803&hc_location=group

And...
https://www.facebook.com/sheree.evans1?fref=gm&dti=125225684846803&hc_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!!!

Bestbud

12-21-2017, 08:27 PM

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

okosh

12-21-2017, 08:46 PM

littleroundman

12-21-2017, 10:02 PM

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 (http://usi-techaustralia.com.au/usi-tech-calculator/)

https://imageshack.com/a/img922/1337/Vdrhiu.png

https://imageshack.com/a/img923/8804/22aNxB.png

https://imageshack.com/a/img923/1552/E5Qqri.png

Healthinomics (https://www.healthinomics.com/)

https://imageshack.com/a/img922/4001/erlrjd.png

littleroundman

12-21-2017, 10:13 PM

"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 (http://behindmlm.com/companies/usi-tech/usi-tech-investor-alert-issued-in-nova-scotia-canada/)

https://imageshack.com/a/img923/5690/gcjbgX.png

nssc.novascotia.ca (https://nssc.novascotia.ca/sites/default/files/docs/2017-12-21-Investor%20Alert-USI-TECH%20Limited.pdf)

littleroundman

12-21-2017, 10:28 PM

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 (https://www.facebook.com/danielle.mcfarland?fref=gm&dti=125225684846803&hc_location=group)

And...
https://www.facebook.com/sheree.evan...location=group (https://www.facebook.com/sheree.evans1?fref=gm&dti=125225684846803&hc_location=group)

https://imageshack.com/a/img922/3656/81Z90f.pnghttps://imageshack.com/a/img922/4125/N3og7I.png

Danielle McFarlands' danielle.mcfarland (https://www.facebook.com/danielle.mcfarland?fref=gm&dti=125225684846803&hc_location=group) page on Facebook

https://imageshack.com/a/img924/2805/g720IW.pnghttps://imageshack.com/a/img924/1148/nlts6y.png

Sheree Evans' sheree.evans1 (https://www.facebook.com/sheree.evans1?fref=gm&dti=125225684846803&hc_location=group) page on Facebook

littleroundman

12-22-2017, 02:11 AM

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:

https://imageshack.com/a/img923/803/uhBYZk.png

https://imageshack.com/a/img922/892/qstKQC.png

https://imageshack.com/a/img923/4080/XHaQRM.png

littleroundman

12-22-2017, 06:26 AM

And the signs just keep rollin' in:

https://imageshack.com/a/img923/3770/SS2z02.png

I pity the poor newbies who have no idea

littleroundman

12-22-2017, 06:53 AM

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

https://imageshack.com/a/img922/9413/B3OuvK.png

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

littleroundman

12-22-2017, 06:57 AM

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" ???

https://imageshack.com/a/img923/8616/CoQzMJ.png

okosh

12-23-2017, 04:04 AM

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

okosh

12-23-2017, 04:08 AM

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..

littleroundman

12-23-2017, 05:10 AM

We can add this from the Manitoba Securities Commission (http://www.mbsecurities.ca/news/current/usitech-dec-2017.html) to the list of regulatory warnings

https://imageshack.com/a/img923/7739/dFYgNB.png

You can read the original warning here at: mbsecurities.ca (http://www.mbsecurities.ca/news/current/usitech-dec-2017.html)

littleroundman

12-23-2017, 05:15 AM

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

Legal or not legal

12-23-2017, 06:04 AM

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.

Char

12-23-2017, 06:38 AM

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.

Char

12-23-2017, 09:42 AM

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.

https://youtu.be/mvpI1_Pq_ls

Char

12-23-2017, 10:09 AM

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."

https://youtu.be/vRQE7dcCNBs

ribshaw

12-23-2017, 12:07 PM

Oh how I love the holidays in Scamland.

https://www.youtube.com/watch?v=Sq1hlkbh6MI

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 !!

littleroundman

12-23-2017, 12:24 PM

https://imageshack.com/a/img922/5306/XyzrUC.png

littleroundman

12-23-2017, 12:28 PM

https://imageshack.com/a/img923/8946/gzV1hk.png

* NAB =National Australia Bank, Australias' largest bank

littleroundman

12-23-2017, 12:33 PM

https://imageshack.com/a/img923/2856/20e5wF.png

Bestbud

12-23-2017, 02:03 PM

https://www.youtube.com/watch?v=tjKonJ18IhQ

EagleOne

12-23-2017, 03:03 PM

This is HILARIOUS!: https://youtu.be/cldL8WCVHLY

Bestbud

12-23-2017, 04:53 PM

Ponzi pimpette, Sharon James, still hasn't learned from Traffic Monsoon that the Terms and Conditions of a Ponzi scheme don't hold up in a court of law....

Della Cate

12-23-2017, 05:11 PM

Della Cate

12-23-2017, 05:15 PM

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!

20963

laidback

12-23-2017, 08:16 PM

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!

20963
...And, of course his personal opinion will carry the day any legal proceedings that arise...Yeah! Right!!He needs to grab his right ear with his right hand and his left ear with his left hand and pull his head out of his rump!

littleroundman

12-23-2017, 08:31 PM

This is HILARIOUS!: https://youtu.be/cldL8WCVHLY

https://vimeo.com/248611237

littleroundman

12-24-2017, 02:09 AM

It's all well and good for victims to weep and wail and blame the government and banks after an obvious fraudulent scheme like USI-Tech goes belly up.

It's hard to find any sympathy when people act as willfully stupid as this, though:

https://imageshack.com/a/img923/7805/Nj1kl2.png

What, you think the banks are jealous, or something ???

It's not "cryptocurrency" they're concerned about.

USI-Tech is a blatantly obvious fraud DISGUISED as a cryptocurrency and they cannot legally be involved, neither do they want to, people,

littleroundman

12-24-2017, 06:52 AM

So, we have an official Cease and Desist notice in Texas naming USI-Tech and two of its' affiliates:

https://imageshack.com/a/img924/2940/texus8.png

We have separate official warnings naming USI-Tech from the Securities divisions in Nova Scotia, New Brunswick and Manitoba

USI-Techs' response ????

Blame and then threaten the affiliates:

https://imageshack.com/a/img922/665/fWpWOp.png

Anyone like to predict how long it will be before the US Securities and Exchange Commission move in and USI-Tech is shutdown ???

It's not like current and prospective victims members haven't had plenty of warning, so they can hardly act surprised when the excreta hits the rotating cooling device.

littleroundman

12-24-2017, 11:29 AM

Poor Onan Reeds,

He's figured out what's really happening, but, he's still too blinded by greed to do anything about it

https://imageshack.com/a/img923/4130/SLCFjM.png

Gregg

12-24-2017, 07:08 PM

ribshaw

12-24-2017, 08:34 PM

Dear Admin.

20977

Karen Robinson
Group Admin
It will be fine in time. Just a glitch that sometimes happens.

20978

Me too.

Last Monday, my Available Balance was reduced by 0.7 btc leaving me with -0.65 btc. So far, no help from Support!

Me too. Two

Unresolved since Dec 19th.

Me too... Two +1

Sent my request to support 2 weeks ago on 12/8 & no reply and or resolution. The system took .20000 and I’m still waiting... Customer Service number don’t work...

Me too... Two +Two

I had this happen to me and i still have not had my issue resolved for missing payments from when it went into a negative balance.

Just some other funny random complainer from another post.

After 30 days and still no response on my ticket, what type of company is that , anyone can help me

ribshaw

12-24-2017, 09:08 PM

When return on capital of 140% isn't an investment and 100% everyone is winning isn't an implied guarantee you must be in USI Tech.

20981

20982

20983

http://www.realscam.com/f11/frank-calabro-jr-4254/index23.html#post117613

20984

http://www.realscam.com/f11/james-grace-lockett-global-turbo-team-presents-yourdailyabundance-5013/index2.html#post118571

This is sort of weird too, http://www.realscam.com/f11/ari-maccabi-ponzi-pimp-his-brand-4844/index2.html has made his interview with Mike Kiefer unavailable for your viewing pleasure. In the video Kiefer claims that US and Canadian funds were invested in a hedge fund. That's sort of like investing right?

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

20985

ribshaw

12-24-2017, 10:19 PM

What is interesting with all these BTC transactions is the last few days of chaos and exchange markets closing off or delaying transactions, kind of like buying a stock when the market is closed. You send the sell order and the price is $18,000 per BTC, but when it finally fills, up to 48 hours later, the price is $13,000 per BTC, and then USI Tech (and lots of others) send you back at the lower price just in time for BINGO another crash and now the BTC price could be half that.

But other than that, yeah Cryptocurrency is great, ain't it?

These guys could have pulled off the scam of the century and had us haters eating crow.

If a USI Tech investor had simply held their own BTC instead of giving it to USI Tech they could have turned $1000 into say $13,000 over the past year. That same money invested in USI tech would have been worth let's call it $3,000 tops. Since all the USI numbers are made up no need for precision. The spread of $10,000 appears to have vanished, with opportunity cost USI investors have lost twice.

It really would be remarkable if they paid everyone off and rode off into the sunset, but with $30 transactions being placed on the back burner I'm betting don't pass.

littleroundman

12-24-2017, 11:27 PM

That same money invested in USI tech would have been worth let's call it $3,000 tops.

But would it ???

$3000 worth of what ???

Tokens they can't spend or redeem for cash is what they have, and even they don't exist in the real world, only in their mythical "back office"

IOW, they really are "just numbers on a screen"

ribshaw

12-25-2017, 12:58 AM

But would it ???

$3000 worth of what ???

Tokens they can't spend or redeem for cash is what they have, and even they don't exist in the real world, only in their mythical "back office"

IOW, they really are "just numbers on a screen"

Agreed, I'm assuming whatever is showing in the USI Tech back office is fabricated. That notwithstanding, any number is much less than the 1500-2000% appreciation USI investors would have enjoyed had they simply held on to their BTC.

littleroundman

12-25-2017, 10:39 PM

It seems the exchanges have got things sussed.

They're making hay while the sun shines

https://imageshack.com/a/img923/1411/fQSuWl.png

ribshaw

12-25-2017, 11:33 PM

$15 to transfer $100, good grief it wondersum these nitwits have any money left to lose in scams.

It's proving expensive to reinvent the wheel. If only there was something like a plastic card that people could use to buy stuff online, that would be big with the kids.

20992

Fees as high as $28 are destroying bitcoin's value for small payments.

https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-rising-high/

littleroundman

12-26-2017, 12:05 AM

Fees as high as $28 are destroying bitcoin's value for small payments.

https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-rising-high/ (https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-rising-high/)

https://imageshack.com/a/img923/5582/Inzlm4.png

EagleOne

12-26-2017, 12:20 AM

You can now add Manitoba to the list of Canadian Provinces whose Securities Division who have issued a warning to their citizens about USI-TECH. You can read all about it here: MSC warns Manitobans of Emirates-based Bitcoin scheme | Manitoba Securities Commission (http://www.mbsecurities.ca/news/current/usitech-dec-2017.html)

Won't be surprised if there are many more this week now that Christmas is over. So much for a couple of rogue IMA's being the only issue causing USI-TECH all their problems.

laidback

12-26-2017, 08:40 AM

Bestbud

12-26-2017, 03:21 PM

21004

21005

littleroundman

12-27-2017, 02:14 AM

SIGH.

When it comes to the world of online fraud, the more things change, the more they stay the same.

Whether its' "ad packs" or "penny auction bids" or "BTC packs" or Charles Ponzis' "postal reply coupons" or just plain "packs"

Some people just can't get enough of the non existent numbers on a screen.

https://imageshack.com/a/img924/74/yrKI5V.png

The singer may change, but, the song remains the same

ribshaw

12-27-2017, 11:23 AM

Small potatoes in the scheme, but with all the great things USI Tech is allegedly doing: hedge fund, number 1 miner of crypto in the galaxy, free energy that the only update to their website is the addition of the word bitcoin.

21032

21029

21030

21031

https://usitech-int.com/

okosh

12-27-2017, 08:25 PM

https://imageshack.com/a/img922/3656/81Z90f.pnghttps://imageshack.com/a/img922/4125/N3og7I.png

Danielle McFarlands' danielle.mcfarland (https://www.facebook.com/danielle.mcfarland?fref=gm&dti=125225684846803&hc_location=group) page on Facebook

https://imageshack.com/a/img924/2805/g720IW.pnghttps://imageshack.com/a/img924/1148/nlts6y.png

Sheree Evans' sheree.evans1 (https://www.facebook.com/sheree.evans1?fref=gm&dti=125225684846803&hc_location=group) page on Facebook

They just changed the group from closed to secret...
And they think that will help them fly under the radar!!!

Bestbud

12-27-2017, 08:51 PM

Mack Zidan aka Mack Mills...

21060
21061

Bestbud

12-27-2017, 10:00 PM

21062

USI-Tech securities fraud emergency cease and desist issued in Texas (http://behindmlm.com/companies/usi-tech/usi-tech-securities-fraud-emergency-cease-and-desist-issued-in-texas/#comment-392195)

okosh

12-28-2017, 12:26 AM

Where is this scam up to??...I mean can people still withdraw from usi or has this one imploded?..or is there still a trickle of pays??..
(Mmg & tg were useful for this!!)..

littleroundman

12-28-2017, 01:56 AM

https://imageshack.com/a/img922/2382/ZQSX1u.png

How strange,

If it's the worlds' "next-big-thing" cryptocurrency, why would you hide your association with it ???

nuk_1

12-28-2017, 08:17 AM

They just changed the group from closed to secret...
And they think that will help them fly under the radar!!!

Those pretty faces of ponzi are going to have a tough time not attracting attention.

NUK

Bestbud

12-28-2017, 12:30 PM

Rodney Burton followed through with his bribe. Mack Zidan aka Mack Mills is now pimping USI-Tech...

21068

littleroundman

12-29-2017, 03:13 AM

https://vimeo.com/249053928

USI-Tech members can believe James Locketts' lies on YouTube (https://www.youtube.com/watch?v=_eWUNGil-qc) about the reason for moving their Incentive trip from the US state of Hawaii to the Dominican Republic all they want

Personally, I'm going with USI-Tech being fully aware of what will happen if it tries to organize an event anywhere within the USA.

https://imageshack.com/a/img923/4931/PP5jFX.png

Extract from SEC chairmans' statement on Cryptocurrency (https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11)

https://imageshack.com/a/img923/8374/3FOyMs.png

Texas State Securities Board (https://www.ssb.texas.gov/news-publications/bitcoin-promoter-usi-tech-hit-emergency-order)

https://imageshack.com/a/img923/2976/RJPNHd.png

Hawaii News Now (http://www.hawaiinewsnow.com/story/36936956/usi-tech-might-not-be-the-best-way-to-get-involved-in-the-expanding-crypto-currency-and-bitcoin-markets)

Poyol

12-29-2017, 05:04 AM

So - this USI Tech has just started to be pimped around my local Facebook 'Sale or Swap' pages.
I'm doing my bit to slow it down but can we get a bit of evidence summarised so I can pass this onto the locals?

I've linked them this way.

littleroundman

12-29-2017, 06:57 AM

Where is this scam up to??...I mean can people still withdraw from usi or has this one imploded?..or is there still a trickle of pays??..
(Mmg & tg were useful for this!!)..

The question of "is it still paying" isn't relevant YET with USI-Tech.

USI is based very much on the MAP model i.e people are promised an ROI over 140 days, depending on how many "BTC packs" and "tokens" they have purchased through USI .

In addition, there is a promised Initial Coin Offering, supposedly in 2018 at which time USI "tokens" will supposedly be converted into usable coins

Everything within USI-Tech is geared towards "buy more packs" and "don't cash out", with a complicated system of bonuses and "rebuys" in place to discourage anyone withdrawing their money.

Talk about a sense of My Advertising Pays deja vu

Facebook is full of people boasting about how many "packs" they have accumulated and imaginary projections of how they are all going to be squillionaires when they have enough "packs" and incredibly complicated strategies people are coming up with to beat the cost of crypto exchanges (which, BTW, are astronomical. The exchanges know what's buttering their bread) and, in the words of Septic Simon Stepsys "BUY MORE PACKS, BUY MORE PACKS"

littleroundman

12-29-2017, 07:14 AM

Everything within USI-Tech is geared towards "buy more packs" and "don't cash out", with a complicated system of bonuses and "rebuys" in place to discourage anyone withdrawing their money.

Talk about a sense of My Advertising Pays deja vu

Just like this:

https://imageshack.com/a/img922/6113/ezkyqB.png

As I said, Septic Simon Stepsys and MAP all over again, only with fake cryptocurrency

Poyol

12-29-2017, 08:41 AM

So here's me being threatened with libel ;)

21076

ProfHenryHiggins

12-29-2017, 08:51 AM

Poyol, there's something corrupted in those image files of the libel-threatener. I get an error about a missing security token when I click on one to enlarge it.

Poyol

12-29-2017, 09:08 AM

Poyol, there's something corrupted in those image files of the libel-threatener. I get an error about a missing security token when I click on one to enlarge it.

Think it's the forum that's having issues - I'll put my Admin cap on and take a look.

Poyol

12-29-2017, 10:45 AM

Fixed.
A bit of admin tweakery needed.

littleroundman

12-29-2017, 10:48 AM

Here ya go,

A little bit of littleroundmagic

https://imageshack.com/a/img924/8966/D6QsEH.png

littleroundman

12-30-2017, 01:50 AM

Here ya go,

Anyone who is wondering why banks are refusing to transfer money and freezing accounts, here's why.

Anyone who has been around cryptocurrency for more than five minutes knows USI-Tech ISN'T cryptocurrency.

Banks and payment processors have seen it all before and are legally required to a) notify the banking regulators and b) notify law enforcement and, having done so, can choose whether or not to continue dealing with the suspect accounts.

It's fraud, pure and simple.

People aren't buying Bitcoin or any other genuine cryptocurrency

What they ARE doing is using Bitcoin to by useless "tokens" which MAY be converted to a useless cryptocurrency at some (unknown) time

https://vimeo.com/249145844
https://imageshack.com/a/img923/7470/Ywh1LX.png

Check this out

https://imageshack.com/a/img922/4682/jZxWdL.png

Bitcoin tensions rise as investors claim Aussie banks freezing their accounts (http://www.realscam.com/f45/bitcoin-tensions-rise-investors-claim-aussie-banks-freezing-their-accounts-5077/)

Banks have nothing against cryptocurrency per se

They DO however, have a responsibility to their clients to protect them against (blatantly obvious) fraud

littleroundman

12-30-2017, 03:09 AM

It seems there's dissent among the ranks in response to the Mike Keifer video

Never a good sign.

If had to guess, I'd say USI-Tech is under heavy regulatory scrutiny - and they know it

https://imageshack.com/a/img922/2108/DqnKOj.png
.

littleroundman

12-30-2017, 03:23 AM

In case anyone is wondering.

That would be this Michael Faust

https://imageshack.com/a/img923/3703/EZbKNF.pnghttps://imageshack.com/a/img922/4294/ck363d.png

Michael Faust, Digital Tycoons' michaelfaustdigitaltycoon (https://www.facebook.com/michaelfaustdigitaltycoon/) page on Facebook

https://imageshack.com/a/img923/1145/po51El.png

okosh

12-30-2017, 04:41 AM

Things have gone from bad to worse in the Aussie USI group..
Members are now discussing "investing" their superanuation in USI...

This is sad..real sad..

littleroundman

12-30-2017, 07:22 AM

Things have gone from bad to worse in the Aussie USI group..
Members are now discussing "investing" their superanuation in USI...

This is sad..real sad..

https://imageshack.com/a/img922/6664/lCYmMD.png

Yep, you get the feeling there's going to be a larger number of "true believers" than usual left devastated and broke when this one collapses.

People are openly discussing how to get around the laws governing superannuation, while others are transferring their entire savings into USI-Tech

littleroundman

12-30-2017, 08:00 AM

https://imageshack.com/a/img922/6664/lCYmMD.png

The ANZ bank KNOWS USI-Tech is a fraud, even if Marilyn doesn't.

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

Della Cate

12-30-2017, 08:36 AM

Hmmm, I wondered what old Stokesy was up to these days. The answer, it seems, is Usi-tech.....

21087

Mark Stokes has form going waaay back, to the old Banners Broker days:-

21088

What he has done in between times, I am not sure; but no doubt it has involved something online.

Della Cate

12-30-2017, 08:48 AM

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!

21089

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.

21090

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

21091

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

ribshaw

12-30-2017, 08:55 AM

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-advertising-pays-advert-platform-scam-ponzi-3439/index214.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.

littleroundman

12-30-2017, 10:50 AM

There's naivety,

Then there's plain defiant stupidity

https://imageshack.com/a/img922/2656/1UR26Q.png

littleroundman

12-30-2017, 11:11 AM

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"

https://imageshack.com/a/img923/3279/Ct8Q2F.png

USI-Tech BTC packages.com (http://www.btc-packages.com/usi-tech/english/btc_package.php)

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:

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.

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.

okosh

12-30-2017, 03:07 PM

3 cheers for the big 4 banks here in Aus..
Bitcoin tensions rise as investors claim banks freezing their accounts (http://www.smh.com.au/business/bitcoin-tensions-rise-as-investors-claim-banks-freezing-their-accounts-20171229-p4yy3z.html)

okosh

12-30-2017, 03:25 PM

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

Bestbud

12-30-2017, 03:32 PM

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/aussie-bitcoin-exchanges-now-need-to-register-with-the-govt-479445

okosh

12-30-2017, 04:28 PM

"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/aussie-bitcoin-exchanges-now-need-to-register-with-the-govt-479445
Thanks....
Gotta be a date by when they must be registered?...

Bestbud

12-30-2017, 04:34 PM

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...

littleroundman

12-30-2017, 07:09 PM

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.

Bestbud

12-30-2017, 10:37 PM

"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-tech/usi-tech-enters-third-generation-of-scamming-with-tech-coin-ico/#more-40375

littleroundman

12-30-2017, 11:06 PM

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.

https://imageshack.com/a/img924/2561/8kII63.png

They have no idea and too much money and time.

okosh

12-31-2017, 01:04 AM

https://imageshack.com/a/img924/2561/8kII63.png

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.smh.com.au/business/markets/bitcoin-as-good-as-useless-says-bitcoin-com-co-founder-20171218-p4yxty.html

littleroundman

12-31-2017, 01:14 AM

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.smh.com.au/business/markets/bitcoin-as-good-as-useless-says-bitcoin-com-co-founder-20171218-p4yxty.html

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

Della Cate

12-31-2017, 12:43 PM

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!

20963

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

shipdit

12-31-2017, 01:31 PM

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

21098
21099

Let the wailing and gnashing of teeth begin!

SD

.

Whip

12-31-2017, 02:43 PM

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

EagleOne

12-31-2017, 04:10 PM

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.

ribshaw

12-31-2017, 09:19 PM

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

21102

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.

https://www.youtube.com/watch?v=byW49j2YSjE

littleroundman

01-01-2018, 02:07 AM

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

https://imageshack.com/a/img924/8752/xO8DZF.png

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

Gregg

01-01-2018, 04:55 AM

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.

Gregg

01-01-2018, 05:15 AM

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.

littleroundman

01-01-2018, 05:53 AM

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:

https://imageshack.com/a/img924/2436/wApcCl.png

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 ???

https://imageshack.com/a/img924/2436/wApcCl.png

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

littleroundman

01-01-2018, 09:53 PM

https://imageshack.com/a/img923/9200/Ybf3hS.png

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

littleroundman

01-02-2018, 03:02 AM

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:

https://imageshack.com/a/img922/6949/hZL4OD.png

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

https://imageshack.com/a/img923/8510/95s80O.png

https://imageshack.com/a/img922/6379/fQX9jt.png

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

littleroundman

01-02-2018, 09:29 PM

https://imageshack.com/a/img923/8186/pHO1Gz.png

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.

ribshaw

01-02-2018, 11:13 PM

21123

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?

21124

http://www.realscam.com/f11/james-grace-lockett-global-turbo-team-presents-yourdailyabundance-5013/index2.html#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.

littleroundman

01-03-2018, 06:11 AM

Check out this particularly nasty development posted on the Usi-Tech-Scam (https://www.facebook.com/Usi-Tech-Scam-1829396597072871/) page on Facebook

https://imageshack.com/a/img924/5432/nDuQag.png

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.

littleroundman

01-03-2018, 07:35 AM

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 (https://www.facebook.com/groups/AustraliaUSIGroup/?ref=bookmarks) page on Facebook where people are being encouraged to illegally invest their SMSF funds in USI-Tech.

https://imageshack.com/a/img924/4836/BHisQZ.png

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.

littleroundman

01-03-2018, 11:18 PM

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

https://imageshack.com/a/img924/2568/BhNeb2.png

https://imageshack.com/a/img924/3316/vqcHcK.png

littleroundman

01-03-2018, 11:24 PM

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

https://imageshack.com/a/img922/3347/xNmwhm.png

littleroundman

01-04-2018, 02:08 AM

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:

https://vimeo.com/249625393

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

Check this out:

https://imageshack.com/a/img923/9690/sPYY0h.jpghttps://imageshack.com/a/img922/8936/cXpSkg.pnghttps://imageshack.com/a/img924/7780/uEe36s.png

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.

littleroundman

01-04-2018, 03:28 AM

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.

https://vimeo.com/249630583
https://imageshack.com/a/img923/7590/lx8ESw.png

littleroundman

01-04-2018, 07:25 AM

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

https://imageshack.com/a/img922/4965/ockYaO.png

Char

01-04-2018, 08:59 AM

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.

littleroundman

01-04-2018, 11:35 AM

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 (http://www.realscam.com/f9/usi-tech-insider-revealed-bethany-college-professor-david-frost-5084/)

"Great minds" and all that.

littleroundman

01-04-2018, 01:01 PM

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:

https://vimeo.com/249691208

littleroundman

01-04-2018, 11:34 PM

BOB, WEAVE,

DUCK, DIVE,

RAN AWAY, RUN AWAY.

https://imageshack.com/a/img924/1148/CrjBGn.png

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

littleroundman

01-05-2018, 01:32 AM

https://imageshack.com/a/img924/8482/8oNWWx.png

Whip

01-05-2018, 05:56 AM

lol @ the ole 'support team' gag

Daveyw

01-05-2018, 01:32 PM

Nothing to do with this?

21148
21147

Not So Lucky

01-05-2018, 01:35 PM

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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