Topic: [Allegedly fake] Gelfman Blueprint: 7-11% Monthly Return on Your Bitcoin (Read 5007 times)

As almost or shall i say ALL Cryptocoin investmentschemes based on the idea of high returns generated by trading bots and an MLM pyramid:

THEY ARE ALL PONZI SCAMS

Update: https://cointelegraph.com/news/cftc-files-first-case-regarding-against-bitcoin-fraudsters

Does anyone think they could possibly have a sustainable method of making these kind of returns?  They say they are trading on Bitfinex.  How can they be compliant with US regulators but be doing business with bitfinex?  How do they trust Bitfinex with the customer funds?  Do they have some sort of personal connection you think?

The financial crisis is because 80%+ of the money in the world doesn't even exist. This isn't a secret, though. We work on a reserved banking system.

I do say the same thing about hedge fund managers. And multi-million dollar corporations too. When these guys opt to borrow to invest it only means they want to insulate themselves from any sort of loss. If their gambles don't pay off they claim bankruptcy and default the money owed. Look at the financial crisis across the globe. It's exactly this type of hucksterism that is to blame.

Sorry guys but the days of btc securities being taken seriously by anyone except desperate noobs are over. Any legit offering can get money privately. Everything here is hopeless.

pirateat40 is back again?  

and this:

I'm not seeing how that's in any way related to the thing I quoted. Explaining how they use the bot would literally fall under your "explain in detail how they are going to pay back..." statement.

Edit: I'm not saying this is a good investment. I'm steering clear, myself. Just saying that these arguments are invalid.

Stock brokers/mutual fund can do something that I can't by trading on my own, and they are dealing in much bigger markets where they don't have to worry about slippage as much as in the crypto world.

As for big companies borrowing, when they do they explain in detail how they are going to pay back and why it makes sense for both parties.

It depends more on return than anything. Would you say the same to the proven hedge fund managers? "I get that you've got a net worth of hundreds of millions but if you truly made money you wouldn't need mine?" That's asinine.

Walmart is a profitable company and even THEY borrow (as do PayPal, eBay, and tens of thousands of other profitable companies).

Whenever I see people pitching trading bots I can only think... If it actually worked, you wouldn't need my money.

If you are honest you have nothing to lose. Just remember that the whole point of this is for everything to be public on the blockchain so people are going to be looking for that and expecting it. Also, make sure you have a way to generate bitcoins and explicitly define how you will handle things if there is a major price swing either way.

Those are the things missing from all the scams and how people can spot them a mile away.

Couldn't agree more. I have a project I'd love to look into taking investors on with, but with the massive amount of scam attempts and such around here, I just feel like I'd lead myself into a dark hole and get my reputation destroyed over an honest opportunity. It sucks that people are too lazy to work anymore, and want everyone else to do it for them so they can reap the benefits. Can't even go to an online Bitcoin poker/dice/casino site anymore without a flood of people constantly begging for free money so they can gamble, then begging more when they lose it.

It really is a shame that so many scammers exist online. It's a good thing there are at least some honest people out there still who do not lie or scam people to make a quick buck. Sometimes I wonder if anything in this section that is not a scam.

Not to mention his post, after reading it again twice, refers to himself as being part of the company throughout. "We" this, "we" that, "we are licensed," etc. You don't refer to others as "we." This was intentionally misleading people.

So you made up an official looking account, lied, and sent out outdated information that wasn't supposed to be public? I'd hate to see what happens to companies you want to fail.

I did not mean to be misleading and I am glad Nick came in to clear everything up.

I want nothing but the best for the company.

Yeah, he also PMd me a full listing of monthly return, along with other information, in a packet that looks like an official one.

It's sad that he went through all that work to mislead people like this, and thanks for clarifying things.

following if this goes anywhere. thx for clearing that up jigsaw.

Greetings,

My name is Nicholas Gelfman, and I am the CEO of Gelfman Blueprint Inc. Evidence of this can be provided if necessary.

I'm posting here to inform everyone that this advertisement was unauthorized and should not have been posted.
Alex Aleksandrovski is a customer, not a partner, and made this post with the intentions of bringing in more customers to earn a commission for himself.

Although we do appreciate the commitment by our customers to the business, we don't allow them to advertise without our consent, except to family and friends.

While much of the information posted is indeed accurate, there are a lot of discrepancies, a lot of the information is private, and we had no plans of advertising publicly like this. I discovered this thread by chance, while doing a google search on our company to evaluate our online reach. No one in the company was informed of this, and the information was mainly copied from an investor packet along with some information personally added by Alex. Much of this information was private and only available under NDA. Given that it is already out, I will clarify some points, in the order they appear in the post.

• Alex Aleksandrovski is a customer, not a partner.
• We're registered with FinCEN, not the US Treasury. Technicalities. Also, the address on our MSB registration is outdated as we moved offices two months ago. An amendment has already been sent to FinCEN.
• While we are indeed a "hedge fund", the term is being used very loosely given the lack of a better comparative term.
• The monthly return is not 7-11% and was not averaged over 3 years. The current return is advertised at 7-9% monthly over an extended time period, and is based on the return you receive after we take our commission. Our actual full return rate is only available to investors. Customers are only informed about their return rate, not the fund's.
• We do not make 10,000 trades a day. The algorithm is capable of evaluating up to 10,000 trades a day, assuming 24/7 heavy volume.
• There aren't "7 total market scenarios that have occurred since the beginning of bitcoin". There are 7 distinct branches in the algorithm's initial decision tree.
• Almost the entirety of the "Other Projects" section is inaccurate. Really the only accurate statement is that there is indeed a patent pending. I can not provide any actual information on e-Bit as that project is currently in-house only and not for disclosure to anyone other than VCs and investors.
• We are not using Breadwallet's API. That was an idea we had in the past, that we later decided against due to constraints.
• The dropbox link is an outdated, older packet, that is not intended for distribution.
• The home page on our site is new and not fully functional. It was put up on the production server solely because the previous one was hideous and we decided that putting up a decent looking page with 3 out of 6 tabs working was better than what was there before. The page should be fully functional by the end of the week.
• The fees we pay per trade and the amount of coins we can trade while producing similar returns are inaccurate. That information is disclosed only on a need to know basis to investors in person.
  

Once I discovered the post, my initial course of action was to contact Alex and have this post taken down, but I read the replies and see that there are some people he's already responded to, so I'm posting this to inform. After ample time, this thread will be removed.

If anyone has any questions, feel free to PM me or email me at [email protected]

Thank You,
Nicholas Gelfman

Thanks for that! Also, I did get the other packet yesterday as well. I'm following up on some things before I post my thoughts on everything, .