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

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

Were missing some accounts.JPG

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.

eagledrivel7.JPG

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.


One Year Bitcoin Returns.JPG

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.

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.

Ugh not so good.JPG

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.

Down 45%.JPG

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

Peak Drawdown 24%.JPG

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.

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



This is sort of interesting2.JPG

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.

This is sort of interesting.JPG

https://www.blocktrail.com/BTC

Yeah, not here either.

Nope not here either.JPG

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

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

ATM STRATEGY.JPG

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...cade-in-prison

Top 10 Work At Home Business Opportunity Scams - 4 - Ethan Vanderbuilt

Nationwide Automated Systems ATM Scam Shutdown - Ethan Vanderbuilt

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.



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

James Lockett the Diaper Dandy2.JPG

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.

James Lockett the Diaper Dandy.JPG

James Lockett the Diaper Dandy1.JPG

http://www.realscam.com/f9/usi-tech-...tml#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.

James Lockett Stomping.jpg

Originally Posted by ribshaw

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



This is sort of interesting2.JPG

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.

This is sort of interesting.JPG

https://www.blocktrail.com/BTC

Yeah, not here either.

Nope not here either.JPG

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.

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.

And its gone.JPG

res ipsa loquitur

Kevin_Thompson.jpg

https://thompsonburton.com/mlmattorn...-been-retained

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

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


UAE BAN USI TECH.JPG


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-gr...13/#post118249

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...



Lockett gets Huffy and I love it.JPG


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

No Ether on May 1.JPG

https://etherscan.io/balancecheck-to...b26b955826702c

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?rang...ocktype=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/6...6702c#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?

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?

You are waiting thats all you need to know.JPG

You are waiting thats all you need to know1.JPG

You are waiting thats all you need to know2.JPG


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

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

Karen Robinson.jpg

"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?)

"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

British Columbia Securities Commission website

"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/999...-used-by-kiwis

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.

"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

The Texas State Securities Board has issued an emergency Cease and Desist order against USI-Tech Limited



You can see the original news release here: Texas State Securities Board and download a copy of the Cease and Desist order in .PDF format here ssb.texas.gov

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.

https://www.facebook.com/SirRodneyBu...5078353852244/

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.

"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