Topic: APOLLO CURRENCY IS A SCAM YOU HAVE BEEN WARNED! - page 3. (Read 2007 times)

I guess anyone can fall for a scam, most gold-backed projects are fraudulent . I suppose thats the nature in the crypto world now...You have some uneducated (in financial terms) wanna-be people who have no idea with business, don't know their country of residence laws involving securities and tax, voicing their opinion publicly like they know their shit. LOL



Best Quote to sum up todays crypto space:




$500 Client

"I just feel as though with this investment I am about to make in you, that we should understand how our lives are about to change and I need the results and you need to bring them. I am entrusting you with our livelihood and lives".

$50000 Client

"Money sent, thanks"

          -Lawrence King?





My quote:



$500 Client

"When lambo"?


$50000 Client

"Money sent"
 


Why the quote? Unrealistic expectations come from ignorant people.

The Fake country UAS is suspiciously run by Apollo Fintech and Relatives





Steve McCullah does it again by not declaring all details, creating conflict of interest. Hands up if you know the people behind the fake country that Steve has magically prepared to scam people?

The Apollo Fintech team (and family) have been covertly station in pseudo-positions of power within UAS in an attempt to give legitimacy to this scam project. Apollo currency APL and GSX are both scams. UAS is not a country but a ruse to trick people.



Congresman- Wessel Sevenster




Interim Labor Secretary- Chad Tiecke




Secretary Of Housing- Stephanie Mora


In the following picture we can see Wessel Sevenster, Anthony Mokhele (Chairman/Apollo Africa CEO), Willie Boshoff (Director of Operations Apollo Africa) with the Hon. Thesele Maseribane (Minister of Communications, Science and Technology Country Lesotho - no relationship with Apollo). The photo was taken when Apollo met with officials of Lesotho in an attempt to legitimise this scam.






Chad Tiecke


The following screenshot shows Chad Tiecke working for Apollo Fintech. Very easy character to find on the web. He is into real estate as well.





The following are his credentials:

Muscatine, Iowa
Field Administrative Services Manager
Construction

Skills:
Team Building, Customer Service, Inventory Management, Leadership, Training, Sales, Microsoft Office, Microsoft Excel, PowerPoint, Strategic Planning, Coaching, Outlook, Microsoft Word, Forklift Operator, Marketing, Time Management, Logistics

Education:
St. Ambrose University   2013 – 2015
Master of Business Administration (MBA), Business Administration and Management, General

Iowa Wesleyan College   2009 – 2011
Bachelors of Science, Human Resource Management

Iowa Wesleyan College   2009 – 2011
Bachelors of Science, Business Administration

Muscatine Community College   2005 – 2009
Associates of Arts, Business Management Focus

Experience:
Zachry Industrial, Inc.   October 2013 – Present
Schumacher LC, Durant Warehouse   March 2012 – November 2013
The HON Company   September 2011 – March 2012
HON Geneva & HON Oak Steel   June 2010 – August 2010
Central Region Distribution   August 2007 – October 2009
Allsteel   August 2005 – August 2007


Related:

https://muscatinejournal.com/news/local/muscatine-a-gift-that-keeps-on-giving/article_59695fbc-5498-5ed5-a33d-c2e43b710d4c.html
https://www.ruhlhomes.com/agents/chadtiecke/



Stephanie Mora



AJ Mora

This man is a fail DJ turned E-Commerce Accounts Manager for Apollo. Why am I showing you his picture under Stephanie Mora? Because they are brother and sister. Info is easy to find on Stephanie.


Summary


There is lot’s of info on the web for Wessel Sevenster, Anthony Mokhele, Willie Boshoff and Stephanie Mora. Just google them.
Apollo Fintech staff apparently run the pseudo-country UAS. LOL.

A scammer running a scam country that prints scam money to scam you.





Special thanks for the info:

Proof Of Reserve - Proof of Audit


Apollo Fintech claim GSX and APL (coins) are backed by gold and various off the blockchain assets.

I hope I’m not the first to ask if there is Proof of Reserve and what independent 3rd party is auditing this?


Introduction

Apollo Fintech has structured GSX to be backed by off chain assets. In fact we find  “The most common form of stablecoin is backed by collateral held “off-chain” (i.e. not on the blockchain)…Stablecoins backed by off-chain collateral operate like a form of e-money, which leverage blockchain technology as a means of payment and store of value…The primary differences between stablecoins is the degree in which a centralized identity retains control over money supply (i.e. who controls issuance and redemption), and the basis of trust in the stablecoin itself (i.e. the underlying assets and technology)”…

https://www.dentons.com/en/insights/articles/2020/december/1/the-stablecoin-cryptocurrency-system


What would be missing is proof of reserve and more importantly an audit to confirm correct business practices over a period of time. There is no proof demonstrating any asset is backing GSX (or APL).


Proof of Reserve Introduction - Nic Carter

Proof of Reserves is the idea that custodial businesses holding cryptocurrency should create public facing attestations as to their reserves, matched up with a proof of user balances (liabilities). The equation is simple (in theory):

Proof of Reserves + Proof of Liability = Proof of Solvency

The idea is to prove to the general public, and in particular your depositors, that your cryptocurrency held on deposit matches up with user balances. Of course, in practice, this isn’t quite so simple. Proving that you control some funds on chain is trivial, but you could always borrow those funds on a short term basis.

https://niccarter.info/proof-of-reserves/


Jason Tyra (Proof Of Reserve is Not an Audit) explains “An audit is a wholistic series of procedures designed to ensure that management’s assertions about the business and its status as a going concern are not improper or obviously flawed”.

Jason makes a few assertions on what proof of reserve does NOT include, placing emphasis on correct audit protocols.

   1.“Proof of reserves does not consider the completeness or accuracy of customer records.  Instead, customers must check for themselves whether they were included in the procedure”.
   
   2.”Proof of reserves does not check the state of reserves before or after the date of the procedure.  This means that reserves could have been bolstered just for the procedure, even though they are normally much lower than what is claimed”.

   3. “Proof of reserves examines no other assets or liabilities besides bitcoins on hand and deposit records. This means that the exchange could be technically or actually insolvent at the time the analysis was conducted and no one outside the organization would know”.

   4. “Proof of reserves does not consider whether the accounting system and security procedures are sufficient and appropriate to prevent theft, embezzlement, or other forms of malfeasance”.

   5. “Proof of reserves does not contemplate whether the business is in compliance with applicable laws or whether the    management team is qualified and fit for service.  This means that the exchange could have 100% reserves and still fail due to regulatory action, taking customer funds down with it”.

   6. “…one person carried out the analysis is also problematic.  Auditors are required to be independent in word and deed and technically qualified to perform the work”.

https://www.tyracpa.com/proof-reserves-audit/



Summary

Now I have ask the question: Is there  Proof of Reserve and what independent 3rd party is auditing this for Apollo Fintech? I hope everyone did their research asking for this before buying.

There is no proof any asset is backing GSX/APL and no independent audit to confirm Proof of Solvency. How do you feel now, at a LOSS?

Steve McCullah being CAUGHT AGAIN AS A LIAR

Apollo Fintech claims GSX returns of 200%-500% in 2021! Isn't that illegal for you to offer your investment advice with your own company Steve? Not to mention only scams promote these returns. People bought GSX after reading your shit.







And here is Steve being a LIAR and denying this on YouTube.

https://youtu.be/pGNvmOjfa3U?t=495



What can I say Apollonaughts.....You invested with the liar Steve. The next step for the SCAMMER STEVE is to create another project to take your money...like a NFT...something in DeFi, anything that is the flavour of the month. This is what a ponzi scheme does...you have been warned.

WARNING: Apollo Coin also a Security








"The other 50% of the gold bullion will go into backing APL"...nice- it just became a security.

Steve is the President of the The United Allied States LOL (fake country)









More from Apollo Fintech: “…physical bills cost a large portion of a country's G.D.P. to develop and maintain. The use of digital currency will save the government millions on printing money. The U.A.S. is committed to directing these funds to improve the lives of its citizens and offer true freedom. It's clear that this new government has learned from the mistakes of previous leaderships and is ready to rectify matters…A currency that continuously gets backing from a precious metal like gold is bound to have a high value…The agreement is for Fintech to develop a gold-backed digital currency for the country…”

https://cryptodaily.co.uk/2020/08/uas-government-with-the-first


Have you really learned from your mistakes, or another lie?





Here, Steve talks about issuing a printed fiat currency. A quick change of mind on saving millions of dollars on printed money…oh and there is real 24K gold in it!!!! This is to “install confidence”…scam… by using gold as a lure with the African nation to buy shit. How do I know its shit, well Steve said so.

As Steve has already said, “These are gold backed bills that are literally made with 24K gold. They will be redeemable locally for pure gold or USD equivalent”…

So Steve, is it a waste of money (costing millions) printing fiat, or not? Because you just did the opposite to what you said. You printed fiat.

Then you “sell” the premise of these notes having 24K gold in them that are redeemable for gold or USD equivalent. This is trying to make it look like there is inherent value in it, there is not.

Read on for your own words Steve….

“… (notes) they are connected via the blockchain to each coin on the blockchain and when you want to convert the physical bill to a local digital asset you just scratch the bill and reveal the blockchain code”. Steve McCullah

Oh, ok… this concept isn’t new, but hang on a second Steve…

So the gold in the note magically moves into the blockchain right? The same notes redeemable for gold or USD equivalent? LOL The same notes you made costing millions of dollars and spent more money adding gold to it and then you added a “scratchy” costing more.  

The gold was suppose to add value…LOL…Are you are suppose scratch it off? LOL


A member of Apollo’s telegram did ask the question:





and Steve’s reply:





Ahhhh…in your words Steve McCullah “Gold value of the actual bill is only fractional. More to instill confidence in Africa and other places”…

I guess the gold in the bill is only a ruse to scam people into believing there is value, hoping they are going to use it. Your words Steven, “these are gold backed bills that are literally made with 24K gold. They will be redeemable for pure gold or USD equivalent…(the) Gold value of the actual bill is only fractional…to instill confidence in Africa and other places”. Guess the notes are worthless since there is minimal gold.

Doesn’t make sense does it. It costs so much money to print money, add 24k gold and then turn it into a “scratchy” just to have the note made useless once it is “scratched”. The 24K gold thing was just to convince poorer countries to use this new scam technology.

Got it, Steve McCullah is a scammer.

I seen that scam before with Liberland so i predicted that Apollo will do the same, those scammers copy each other.
Safex is probably the dumbest scam out there, they are proven scammers and they are suing another cryptocurrency for trademark infrigment, the judge that is in charge of the trial is the same judge of the Alphabay case.
This is the Safex thread, they are silent spamming blog posts and not answering any of my allegations.
https://bitcointalksearch.org/topic/ann-safex-safe-exchange-coin-website-wwwsafexio-1258419

Steve McCullah being his normal contradictory self, saying one thing, then the opposite. To add to this, he then tells another lie.

Apollo Fintech claims GSX returns of 200%-500% in 2021! <-------- Isn't that illegal for you to offer your investment advice with your own company Steve? Not to mention only scams promote these returns. People bought GSX after reading your shit.






Steve attempts to clear things up:  Can a US citizen buy GSX?:





and then he says....






Is that clear for everyone? LOL Steve is on fire being a LIAR, I expect nothing less.

Steve says there are no refunds if you are a US citizen or not. But if you do buy GSX and are a US citizen there is nothing to worry about- trust Steve, he would never take someones money and not give then what they paid for. He is willing to break the law.

Ummm Steve, so you are happy to help someone break the law. Good on you, no responsibility. Then you take it a step further by stating  "all I can say is that it is not 'illegal' to buy from anywhere".. SORRY TO POP YOUR BUBBLE but YES it is.

You are not a registered security in the US so worse case scenario is a fine or jail time. However according to you "in the worse case if we determine that you were going against the terms and conditions then we would give you a refund. You would never lose your money".

Steve you just lied. Why would you say that? You just said there are no refunds regardless if you are a US citizen. Oh, I know why you contradict everything. Clear as mud?

You are a BIG FAT LIAR.

Steves McCullah Dad is definitely in on the scam


Robert Leroy McCullah  - GSX Business Trust

"GSX offers the asset backing (currently estimated $3.2 billion USD)" <-------- SCAM

Lesotho Officials not heard from Apollo


A view that is held by one prominent African blockchain entrepreneur and educator who gave his opinion of about ‘shady’ Apollo’s MoU with Lesotho. The expert, who prefers to remain anonymous, says Apollo has not done anything concrete since announcing the MoU with the government of Lesotho in late 2019.

He tells us that Lesotho officials have reportedly not heard from Apollo and consequently, they are now wary of (and less hospitable to) individuals approaching government with proposals that involve or concern the blockchain.

The blockchain educator says he has encountered challenges as he attempted to start his blockchain education initiative in that country. He now blames Apollo’s no show following the MoU for helping to create a negative outlook of the blockchain space in Lesotho.




https://iharare.com/apollos-mccullah-pushes-back-against-scam-allegations/

You nailed it SAFEXSCAM, spot on!


UAS is now charging $3500-$6000 to process applications to join United Allied States. This is a SCAM.

Steve McCullah is a scammer, Apollo Fintech is a scam and GSX is a shit token/coin that you guys are locking up for years - for those who don’t know you can pick to lock up GSX for 1,2, or 3 years to receive huge returns! LOL 

By locking up you money you can no longer exit this scam.

Apollo’s incursion into Zimbabwe


Apollo Fintech is expected to help launch a resource backed cryptocurrency for Zimbabwe, a country plagued with fiat currency troubles.

According to Apollo Fintech’s various twitter handles, it had entered into an agreement with Zimbabwe’s largest financial services group, CBZ Holdings to develop and implement 3 of the tech firm’s national solutions for the southern African country.

According to Apollo Currency’s twitter feed, Zimbabwe’s CBZ had signed a memorandum of understanding (MOU) with Apollo Fintech.

Premature celebrations?

The news immediately generated excitement within Zimbabwe’s small but vibrant crypto community while the value of APL—the fintech company’s crypto token— also reacted to the news by rising by approximately 20% following the ‘breaking news’.

Interestingly however, CBZ is has not formally acknowledged this and efforts to get a comment from the company’s officials have so far yielded little almost three weeks later (at the time of writing.)

Furthermore, as the news began filtering through, the rumours at CBZ suggested Apollo’s Steve McCullah might have jumped the gun.

A key individual within CBZ Holdings could neither confirm nor deny if indeed an MOU had been signed while another official only commended alert journalists for bringing this (Apollo’s announcement) to the company’s attention and that the group would take things from there. Both individuals refused to be identified at this moment in time.

This lack of clarity about this potentially game changing solution has some crypto enthusiasts worried and matters are not being helped by Apollo’s past reputation.

Allegations of pump and dump

In the past, Apollo Fintech has had to bat away numerous accusations that it is running a crypto scam. Steve McCullah, Apollo’s co-founder has been accused of operating a pump and dump crypto scheme on the African continent.

In general, pump and dump is illegal in countries like the United States and in many other regulated markets. However, since the cryptocurrency market remains largely unregulated, it means this practice can go unpunished. Critics argue that McCullah might be targeting Africa deliberately because he is aware that just a handful of few countries there have the means to expose him.

Furthermore, opponents also cite the botched expedition into the DRC as one episode that exposes McCullah as a con artist.

In Zimbabwe, critics have questioned the approach used by Apollo where McCullah makes big announcements via twitter while nothing is officially announced by the Zimbabwean side. This approach seems to contrary to the usual way of doing things in Harare.

It is almost a Zimbabwean custom, in both the public and private sector, to use lavish and elaborate ceremonies when announcing MOUs or major milestones. In fact, anything that comes with positive media coverage is never delegated to a faceless social media point person.

Furthermore, announcing everything on Twitter is never taken seriously especially when nothing is seen happening ultimately.

Zimbabwe silence

A few weeks prior to the Apollo/CBZ MOU announcement, the crypto and non-crypto community had been given another dose of similar good news. Apparently, an agreement between the Zimbabwean government and an initially unnamed fintech firm was imminent.

The news had coincided with the changed approach towards cryptocurrencies and fintechs by the Reserve Bank of Zimbabwe (RBZ). A few days later Apollo acknowledged—via twitter—that it was the fintech firm in question.

Using the same modus operandi, Apollo has previously announced that it had signed an MOU with the Lesotho government and plans were afoot to sign similar agreements with a host of African countries.

Apollo’s APL token ranks at number 289 while its market capitalization is just under $10 million (at the time of writing) according coinmarketcap.com. The fintech company has have vigorously defended itself and even suggested that allegations that it’s operating a pump and dump scheme could be part of a smear campaign by a jealous competitor.

We do hope this is an opening for crypto into the country as will be a monumentous achievement, especially if ALL the claims made are verified. If not, well, it could cause more set backs for the industry in Zimbabwe.

Either way, until we have confirmation of facts, we will leave you to decide.




https://africablockchainmedia.com/news/apollos-incursion-into-zimbabwe/2020/03/31/

Apollo Fintech leader, Steve McCullah strikes again with his ignorance and lies. Any buyer of GSX (and APL) has been scammed.

Historically Steve was asked if GSX is a security, and the following was his response:







Now take a minute to stop laughing and digest his response. I’m not sure where to begin. On all the “official” Apollo websites it clearly states that this a security backed by gold and land…blab bla bla. This makes it a security (although various Apollo papers contradict each other).

Steve has come up with a way to circumnavigate GSX being a security! Dividends are referred to as bonuses and these bonuses that are paid out to GSX holders come from a randomised pool of funds. And that makes it NOT a security, according to Steve.

And look! Apollo is in the beginning stages of SEC regulation!

What the heck are you talking about Steve? Because it is now called bonuses and are funds are random it therefore is NOT a security? I guess with your fake university education that is Steve’s uneducated interpretation. LOL. What the heck does that mean? Steve has poo as a brain and is actively scamming people.

Allow me to to blow this to shit.


SEC

Lets start with the SEC. The SEC is the regulatory financial body in America.

The terms and conditions to buy GSX (gsxcde.com/terms-and-condition) requires you not to reside or be an American citizen. If you are American then you broke the T&C’s. See above posts as what is said. Thats the end of the SEC regulation. So, the SEC is only for people who reside in America, not elsewhere. If the SEC did say it is a security or not, it doesn’t apply to any other country. But since Americans cannot buy GSX it doesn’t matter what the SEC says.


Did you buy APL/GSX based upon what Apollo Fintech Advertised?


When you bought GSX it wasn’t allowed to be based on advertising, solicitation, reading of articles, videos or any electronic media and NOT from a person NOT previously known to you in regards to investments. If you did that, well thats your issue, no refunds. Did you buy into this scam because of any of the above?

Also in the T&C’s-  you should have taken appropriate independent legal and tax advice. This means not from Steve. So if you blindly bought GSX based upon what Steve said then you broke the T&C’s.



Howey Test


Now under the Howey Test, it “states that an investment contract is a transaction, scheme or contract where a people invest their funds in a common enterprise and expect profits solely from the efforts of a third party or promoter” (https://www.leewayhertz.com/howey-test/).

The Howey test therefore says GSX is a security because there is an expectation of profits, and this comes from gold mining and land value (apparently). Otherwise no-one would buy GSX unless the expectation is to increase in value, right?! Apollo also clearly states that dividends are paid out!…it’s a security!

But if you do not believe me then do what Apollo Fintech says in its T&C’s - go get independent financial advice.




If you do live in America (and broke the rules) and did buy into Apollo and GSX here are some thoughts to ponder



If you receive income from referral links…

The Order from the Commissioner alleged Bitconnect marketed tokens for funding targeted to the general public in the US using “affiliates” for promotion. In exchange the “affiliates” were credited for each token sale through their efforts, a reward varying from 2-5%. This was done via “referral links”. This is classified as income received for work rendered and to the Commissioner it makes it a security (https://www.sec.gov/litigation/admin/2017/33-10445.pdf,  https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales, https://www.sec.gov/litigation/investreport/34-81207.pdf)



Are you making a passive income (not referrals)


Another similar attribute that the Commissioner outlines is Bitconnect had a platform Staking program where users held their coins in their QT-wallet. This is Proof of Stake (POS) minting where investors passively receive income by holding the coin in the wallet making a profit. This is deemed an investment and thus a security as the Commissioner points out. The Apollo team is Proof of Stake (POS) offering a Leasing system, or as the team states “forging” generating an income from transactions fees. Are you expecting more GSX or APL by forging or locking away your GSX…this is passive income.

In another example The Securities Commissioner on the 20 Dec 2017 entered an emergency Cease and Desist Order against USI-Tech Limited based in Dubai selling investments tied to bitcoin mining (https://www.ssb.texas.gov/news-publications/4-billion-crypto-promoter-ordered-halt-fraudulent-sales). This was classified as a security due to earning passive income.

Do you like how I compare Bitconnect to Apollo? LOL
So just to some up, good luck with the law if you live in America. Steve knows shit all.


Summary

Steve McCullah is a scammer, Apollo Fintech is a scam and GSX is a shit token/coin that you guys are locking up for years in order to receive  a passive income - for those who don’t know you can pick to lock up GSX for 1,2, or 3 years to receive huge returns! LOL 

By locking up you money you can no longer exit this scam. Well done for zero research, well done for not seeking independent advice. Well done indeed, you must be proud for your lack of effort.

What a strange story that John McAfee got involved with apollo currency

https://beincrypto.com/did-john-mcafee-help-orchestrate-an-apollo-currency-apl-pump-and-dump/

LOL, it's  a laugh for sure. But knowing how Steve McCullah operates he always names his companies similar to real companies so people are tricked into believing he is rich and successful. But he is a liar.

Looks like Steve father has jumped onto the band wagon for scamming. Let's take a look into Evans Collars (aka Tsavari).





In previous posts you can see Steven McCullah is also registered under this business. Take note of Tsavari Mining - gold and ore mining in southern Africa (Fake Website tsavari.co).




This is the McCullah's unfinished SCAM website - I have written about this before:



https://www.tsavari.co/more-about-me




Extract from an article written about Steven claiming the real Tsavari business is Evans Collars.

"Tsavari makes 12 million dollar dog collar. Paula Abdul one of their famous clients!

Why: Tsavari is the world’s first luxury dog collar brand showcasing real white sapphires and rubies in their collars. When the best isn’t good enough, you should consider some of their luxury dog collars. Tsavari also designs and creates custom precious collars for your loving pets.

Does your precious pooch deserve the most couture of collars? Check out the details on this new custom pink diamond dog collar that’s being valued at over 12 million dollars.  Now that’s some bling worth barking for!

The U.S. dog jewelry company Tsavari — a branch of Evans Collars Inc. — caters to celebrities and the mega weathy with a line of dog collars that prior to this product release ranged from $2,500  to $73,699.

So who’s pet wears Tsavari?  Owner Stephen McCullah says Paula Abdul is just one outspoken celebrity client.  But with the launch of the line’s latest offering, these collars are reaching for the very noblest of necklines.

Not yet debuted to the public –McCullah tells Pursuitist that jewelers are still working on the buckle — Tsavari recently hinted at adding a supremely coveted canine tag to its collection, called The Majesty".

https://pursuitist.com/your-precious-pooch-needs-this-12-million-collar/




Below is Paula Abdul Instagram post of the REAL business Tsavari.com



https://www.instagram.com/p/sQWRaKQMNc/?utm_source=ig_embed



Conclusion

There was a real company is called www.tsavari.com and Paula Abdul was a client. This is not Stevens or Robert McCullahs business.

Steven and his father Robert (aka Bob) McCullah have tried to claim that this was their company. Well I guess that how they roll, making up company names similar to real companies just to scam people. Fell free to read back on his thread for all the scam connections.

The company Paula Abdul bought from is www.tsavari.com. The scam company Steve and his father operate is https://www.tsavari.co (aka Evans Collars) - read back on post for proof.

That is the connection. Scam Scam Scam






Scam: https://www.mccullahindustries.com/companies

WARNING: Apollo Mining Claims












Review Google Maps with below coordinates: https://www.movable-type.co.uk/scripts/latlong-utm-mgrs.html


Certificate claims EIGHTEEN COPPER claims, however it lists only FOUR. That doesn’t make sense.  Zone 35K (Kwekwe District).


UTM coordinates:               Lat/Long                                                     MGRS Grid Reference

35 S 0798905 7893304      19° 01′ 52.3100″ S, 029° 50′ 22.4282″ E           35K QU 98905 93304 
35 S 0799202 7893175      19° 01′ 56.3458″ S, 029° 50′ 32.6476″ E           35K QU 99202 93175   
35 S 0799105 7892697      19° 02′ 11.9296″ S, 029° 50′ 29.5976″ E           35K QU 99105 92697
35 S 0798744 7892827      19° 02′ 07.8950″ S, 029° 50′ 17.1906″ E           35K QU 98744 92827


Hands up who bought into this scam? Not me.

Warning


What happens when scammers want to steal more of your money?

Easy, just make up cryptocurrencies and make grandiose statements and lie. When that cryptocurrency starts to fail make a new one and then get people to lock it up for years...for huge returns...just like GSX. Why not trick people into buying it by offering free coins - because there no such thing as inflation, right? Don't think about it, don't research it, you are running out of time! Buy now!

Locking away your funds stops you from exiting the scam, think about it.  Way-to-go GSX holders. LOL

Where's the decentralisation, Apollo controls the entire platform including what the price of GSX is.

Next scam step:




Zenon Currency








There we have it, Apollo's next scam project.

GSX Whitepaper Jan 17th 2021


The following are SOME direct quotes for the GSX Terms & Conditions:


GOLD SECURED CURRENCY (GSX) COIN DISTRIBUTION EVENT (https://gsxcde.com/terms-and-condition).


If you do not agree with these terms, you are NOT allowed to purchase GSX from the company.


1. Conditions to GSX coin distribution

Neither the Company nor any of the Apollo Fintech Ltd. Team has provided you with any advice regarding whether GSX is a suitable investment for you.

You are legally permitted and authorized to purchase, receive, hold and otherwise make use of the GSX in accordance with the laws of your country and any other relevant jurisdiction applicable to you

1.10. By acquiring GSX, you are not making a regulated investment or any other designation of this character as may be interpreted by the regulator in your jurisdiction.

1.12. You waive any right you may have, or any right you may thereafter obtain, to participate in a class action lawsuit or a class wide arbitration against any entity or individual involved with the distribution of GSX.

1.13. Your acquisition of GSX does not involve a purchase or receipt of shares, ownership, or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction and is not a security.

1.17. You acknowledge that an employee of Apollo Fintech or its subsidiaries will not make any statements about the expected price of cryptocurrencies. If an Apollo Fintech CDE employee does make a statement regarding the price of cryptocurrencies, then their statement is an opinion from which no rights can be derived, and they are going explicably against employee protocol.

1.18. You guarantee and acknowledge that you are not a citizen or resident or resident of the United States.

3.2. Terms and Conditions

a. I have received and reviewed the Coin distribution event terms and have taken appropriate legal and tax advice with respect to the same.

b. I understand that GSX coins do not represent nor do they entitle the holder, in any way whatever, to a:

i. Depository Account;
ii. Custodial Account;
iii. Cash Value Insurance Contract;
iv. Annuity Contract; or
v. Equity, Share, Ownership, Payouts and/or Debt Interest.

c. GSX coins are held subject to the terms and conditions of the Coin distribution event terms and this Application (this Application).

d. No certificate will be issued in relation to my GSX coins and my personal GSX coin holding will not be reflected, recognized, or recorded in any account or ledger maintained by Apollo Fintech Ltd.

I am not aware of and am in no way relying on, and did not become aware of the distribution of GSX coins through or as a result of: any form of general solicitation or general advertising including, without limitation, any article, notice, advertisement or other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or electronic mail over the internet, in connection with the offering and distribution of GSX coins and I am not purchasing GSX coins and did not become aware of the offering of GSX coins through or as a result of any seminar or meeting to which I was invited by, or any solicitation of a subscription by,
a person not previously known to me in connection with investments in securities generally;


Now we have direct quotes from the https://gsxcde.com website for GSX.







GSX is backed by assets
GSX holders are the trust beneficiaries of the mineral rights and assets.
Continued growth increase is asset value of land and gold backing GSX
Yearly bonuses for GSX holders paid yearly
GSX is redeemable for actual gold
GSX combines the best elements from a stable coin, cryptocurrency and investment coin.



Discussion

In the first line in the T&C we read  - Gold secured currency (GSX). This is because GSX has assets that are securities (e.g. gold and land where the value is derived from) and therefore is a security.

You are also are  NOT allowed to purchase GSX if you are citizen or resident of the United States (1.18). If you are a citizen or reside in the US and have purchased GSX, you have broken the terms and conditions and broken the contract. Your problem, no refunds.

If you live in any other country and authorised to purchase GSX you must abide by your jurisdiction laws and pay taxes. This is your responsibility, not Apollo Fintech. Remember every country has strict laws on who can buy a security and it’s your problem, no refunds.

Now to remove any legal responsibility away from Apollo Fintech, if you do buy GSX it is NOT a regulated investment. This means NO independent, legal entity (e.g. FINMA etc)  can protect you or make Apollo Fintech return any looses you may occur if this turns out to be a scam, regardless of jurisdiction. Another words no refunds.

Apollo Fintech is basically saying if your regulator in your jurisdiction says it MUST be regulated, and you bought GSX, you did so illegally, thus no refunds.

A further attempt to cover Apollo Fintech arses, if you buy GSX you cannot bring class action lawsuit or a class wide arbitration against any entity or individual involved with the distribution of GSX (1.12). When this turn belly up and the shit hits the fan, no refunds as you cannot sue which WAS your only option, AND the GSX investment is NOT regulated therefore you have no protection (1.10). No refunds.

When you do purchase GSX (1.13).

   i. you will NOT receive receipt of shares
   ii. you will NOT receive a receipt of ownership to anything
   iii. GSX does NOT involve any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction and is not a security.

  Now Im a little confused with the T&C 1.13 iii. The very first sentence in their T&C they say GSX is a security backed by gold. The GSXCDE website also clearly states GSX holds are trust beneficiaries of the mineral rights and assets and yearly bonuses are paid. This makes it a security but I guess not because all it takes is Apollo Fintech saying it is not a security therefore its not a security, right? LOL WRONG!

But what would I know. Just because GSX is advertised by Apollo Fintech as a security and you bought it thinking you were getting rights to other assets, I hate to burst your bubble but according to the T&C it is NOT a security. Confused? Very contradictory, but some of you went ahead anyways and bought GSX. Sorry, no refunds.

To further add salt to your wounds this is repeated in the T&C (3.2, a) and a further alarming admission is made. “ No certificate will be issued in relation to my GSX coins and my personal GSX coin holding will not be reflected, recognized, or recorded in any account or ledger maintained by Apollo Fintech Ltd.” Just in case you were wondering a ledger is a blockchain. Apollo Fintech just admitted when you buy their non-security/security in which they have no responsibility, they don’t have to record GSX purchase in the blockchain, in fact they don’t have to record it at all. You agreed to this when you purchased GSX. No refunds.

You also acknowledge that if you did buy GSX it was not based on information given by Apollo Fintech or its subsidiaries (1.17). For example if you bought GSX based upon what you read on gsxcde.com which is a subsidiary of Apollo Tech, then it’s only an opinion and not investment advice. You should have appropriate legal and tax advice (3.2, a) because Apollo Fintech is not responsible. You will not get a refund.

You also agreed that your GSX purchase is not because of advertising, solicitation, reading of articles, videos or any electronic media NOR your purchase of these GSX coins based upon a person NOT previously known to me in connection with investments in securities generally. So if you bought GSX because an unknown person recommended it, you problem, no refunds. Sorry you broke the terms and conditions by doing that.


To reinforce the conditions in (1.13) it is reiterated that GSX coins do NOT represent or entitle the holder to a Depository Account, Custodial Account, Cash Value Insurance Contract, Annuity Contract or an Equity, Share, Ownership, Payouts and/or Debt Interest. Yeah I know Apollo Fintech is contradicting themselves. But we all know what that means, Apollo Fintech has no financial responsibility if you broke any of these rules, so no refunds.


Conclusion

The gsx white paper is contradictory in places and offers more confusion to the legal standing of what GSX is. In places it says it is a security, and on their official CDE fundraising website they also clearly state it is a security, however in the same breathe they claim it is not a security. Confused? lol. I bet some of you bought it anyways….

The terms and conditions to buy GSX (gsxcde.com/terms-and-condition) requires you not to reside or be an American citizen. If you are then you broke the T&C’s, no refund.

If you live anywhere else you can purchase GSX as long as you had independent financial and tax advice, I bet you didn’t.  When you bought GSX it wasn’t allowed to be based on advertising, solicitation, reading of articles, videos or any electronic media and NOT from a person NOT previously known to you in connection with investments. If you did that, well thats your issue, no refunds.

Also Apollo Fintech will not issue a certificate nor does this institution have any responsibility for recording  your GSX coins on a ledger or anything of the like. How do you feel now that the only record is the blockchain in which Apollo Fintech does NOT have to record your purchase? They basically said if something goes wrong with the database, your problem, no refunds. Imagine that, a billion dollar company with huge assts saying they have no responsibility in recording your assets. That does NOT happen in real life people, thats why you should have looked for independent financial advice. A financial institution has a responsibility of accurate record keeping and the ownership of assets.

In conclusion the white paper contradicts itself and the official GSXCDE website. The white paper attempts to put the sole responsibility on the purchaser of GSX and Apollo Fintech has NO responsibility in recording your assets. If you did buy GSX through advertising, electronic media such as video or articles or from a person not known to you with investments then you have broken the T&C’s and entitled to no refund.

When this scam does come to an end, no regulatory financial body is able to help retrieve your lost funds because this was not regulated. You also agreed not to sue them when you bought GSX. This is your risk you took when you didn’t read the T&C’s.

I wonder how long before Apollo finch change their wording to rape you of your hard earned money. Thats what liars do.

How do you feel now?

Apollo Fintech and GSX coin are scams. Steve McCullah is a scammer.

I think you are right, scammers just copy each other.

Anything Mcafee has anything to do with is about him, not you. He is a scammer promoting shit.