Topic: APOLLO CURRENCY IS A SCAM YOU HAVE BEEN WARNED! (Read 2083 times)

After a couple of Google searches nuREAL does seem to be promoted by SAFEMOON boys. Safemoon are well known for the scams they push, and of course to keep on topic they are also promoting Stephen McCullah's scams.

Let's keep watching out for blackartsound.com, also connected to LunaOne and Dan


The following was recently posted 4 Jan 2023:














Here we see Safemoon stating "Dan the previous CEO of LunaOne now President of NUREAL providing METAVERSE content to LunaOne too"... Safemoon also using the hashtag Lunaone and Nureal.

Unfortunately, at this point  it looks like NuREAL is connected with SCAMMERS

He was definitely one of Apollo Fintech's mistakes

In retrospect I wonder if McAfee's suicide had anything to do with the crash of Apollo... like maybe he finally realized the full scope of damage he had done after learning one of his promoted scamcoins crashed & burned, for the 8th time. All failed because they were backed only by empty promises & a relentless fury of fake confidence. Ultimately, they were all built to be scams from the getgo.

Of course it is sad whenever anybody takes their own life but he remains one of crypto's most celebrated charlatans, for reasons I can't explain.

Price of APL on the date of his death:



Of course being in prison for 9 months wouldn't help the situation either.



A week before his death, his last tweet:



(sorry to go off the topic of your recent investigation Crypto-Info but I was reminded of this thread when you bumped it)

This is a follow-up from point 3 above with respect to Daniel Puzny running a company called NuReal.

https://nureal.live



Daniel has released (2 hours ago) a video on Youtube promoting the company nuREAL.

https://www.youtube.com/watch?v=lW0-7jZduQ0


Let's hope that nuREAL and the company blackartsound.com which also has the nuREAL logo are not related. I say this of course because on Blackartsounds' landing page it states “LunaOne Entertainment is a division of LunaOne that focuses on Concerts, Film, Music, Art, and Events"...

Any project dealing with Lunaone/Stephen McCullah is a RED FLAG!

LunaOne

https://lunaone.com (scam)



Introduction

Stephen MCCullah is again behind another project called LunaOne, a metaverse project, and is casting doubt with his smoke and mirrors facade.

As we all know, Stephen McCullah has lied many times before and is involved with many suspicious projects, namely Apollo Fintech.

If this wasn’t enough antics having Stephen involved, we find that Daniel Punzy, a prominent Blockchain entrepreneur and CEO of LunaOne had stepped away from LunaOne abruptly. It was reported he took staff from LunaOne back to his (similar) metaverse project, nuREAL. It also brings to our attention the hiring of Daniel to begin with.



private Telegram group

Then came the cruncher for LunaOne, the XLN token listing price. The price was suppose to be listed at $0.25, however what was seen was a dramatic decline of price ($0.02) with some arguing that the original listing price was not accurate. https://youtu.be/Ic9Om5b8sPY

LunaOne responded claiming economic factors had affected the listing price but was willing to find a resolution, with an airdrop to those involved. https://youtu.be/_9MgmTv__9c Unfortunately, this resolution has left many ‘investors’ with a bad taste in their mouths and their pockets less full.

I am going to investigate the connections LunaOne has with Stephen McCullah and the smoke and mirrors Stephen seems to be causing. This includes the brief employment of Daniel Puzny as CEO of LunaOne, technical details and other possible connections to dubious projects. 



Questions

1. One of the main issues of course is the illegal raising of funds via a CDE, ICO or any other method. Basically this raises the fact that it is now a security. LunaOne attempted to raise funds via the token XLN. Daniel Puzny, when CEO of LunaOne claimed they raised over $25m since 1st March 2021.



Unfortunately what we have seen in projects that involve Stephen McCullah is that the rug is being pulled slowly out from under the investors. There are too many RED FLAGS with Stephen McCullah.

McCullah’s previous money grabs (ICO/CDE/DAO) have included APL, GSX (and varying versions to enable lockup), GXB (Gold Inc game currency), MGT, ZGD and LunaOne (and more no doubt).

In tradition of adding confusion with smoke and mirrors Stephen McCullah has claimed not to be the CEO of LunaOne and LunaOne is a DAO. Stephen states that they helped LunaOne with their CDE and collects a fee for doing so. Stephen further states “If I owned it then I would have no problem saying I did”…



What unfortunately perspires for Stephen is recently sent Cease and Desist letters from lawyers from LunaOne to social media influences listing Stephen McCullah as CEO.

In one of the letters dated 22 Dec 2022 it is stated  LunaOne is traded under Hyper Technologies Inc. (ie doing business as LunaOne) and states “Mr McCullah is the CEO of HyperTech. HyperTech is the company behind ‘LunaOne’ and is associated with ‘Apollo Fintech’”.

As we can see Stephen does owns Hyper Technologies Inc.  (https://opencorporates.com/companies/us_mo/001642956).

Please see point 6, Cease and Desist letters for more information.



2. It was reported the LunaOne token, XLN price listing on Bitmart was below the initial listing price of $0.25. The price immediately dropped to about $0.02 causing the community to be disgruntled and feeling ripped off. As at 2nd Jan 2023 the XLN token price has decreased further to $0.00796 and is in steady free-fall.   

Maybe this initial token listing for LunaOne is the beginning of a rug pull. It is also not uncommon to see price decreases with initial listings, but not to list the token XLN at the advertized price is a huge mistake and indeed a red flag. People based their investments on what they thought the price was going to be listed at.

Even with the proposed airdrop by LunaOne, the attempt to make an amends to this error did not cover the losses investors incurred. Fractures of the community now remain with a larger divide between those for and against the project.




3. The hiring of Daniel Puzny, a prominent Blockchain entrepreneur and his quick departure from the company have raised questions over the validity of LunaOne.

It is a well known fact Steven McCullah is notorious from claiming legitimate people are on their team when in fact they hired for various business tasks, and Steve just adds them as team members within Apollo network. These techniques link people with decent reputations and convinces people when researching that reputable people are involved with Stephen McCullah and his projects when they are not. You just need to read through this Bitcointalk forum for proof of such.

When these reputable people have finished their tasks or are dismissed from the company, their details often remain on advertizing and websites and are not removed.

With Daniel was hired as CEO for LunaOne this added validity to the project. Daniel was vocal about being CEO of LunaOne when he chaired various blockchain events, often mentioning the project.

Daniel was CEO for about a year before a very quick departure from LunaOne and secrecy around this ensued.

Daniel Puzny was indeed the CEO of LunaOne for a very short duration of time. Daniel was tweeted “if he was still CEO” and he answered “no” on 11 Nov 2022.



Daniel Puzny is also running a company called NuReal. When Daniel left Luna one it was reported that he poached staff and took him back to https://nureal.live


private Telegram group

Coincidently, maybe, but the color scheme and what both projects are trying to accomplish are very similar it is uncanny. Could this be the reason Daniel was interested in LunaOne to start with? Was he lured by the promise of a large budget? Alternatively is NuReal part of the next rug pull?

On the 1st Dec 2022 after Daniel left LunaOne Daniel tweeted that “nuREAL is not looking to raise money from cryptocurrency and will not create a token”.



Perhaps nuREAL will be looking at a subscription based arrangement for funds.

The real danger here is the extremely similar projects between LunaOne and nuREAL. When further investigating Daniels social media platforms another company called blackartsound popped up.  https://www.blackartsound.com

Interestedly, this has the same logo as nuREAL. On the landing page it states “LunaOne Entertainment is a division of LunaOne that focuses on Concerts, Film, Music, Art, and Events. We will revolutionize content delivery in a fully-immersive and hyper-realistic environment, which will be available through AR, MR, VR, and traditional web and mobile”. https://www.blackartsound.com

It is the first sentence that is the most important here “LunaOne Entertainment is a division of LunaOne”. 

The nuREAL logo is also shown on blackartsound which is of a concern because if Daniels’ company nuREAL is not involved in anything shady why does their logo appear on another project blackartsound that is linked to LunaOne still?
 
We now have blackartsound being connected to LunaOne, so let’s look out and see where this project goes. Will it be a ICO or CDE?




4. The technical aspects for XLN do not match. XLN is currently a BEP20 Token. There is nothing to suggest an upgrade to the proposed LunaOne-Chain with the proposed 400,000 TPS as advertized in the whitepaper v1.0.

The XLN token is launched on the Binance Smart Chain as a BEP20.

XLN Token, Smart Contrast Address: 0x2e2EA48C9412E0ABb2D6accCeC571C6b6411725a

There are 10,000,000,000 XLN in existence.

In the white paper version 1, dated Aug 2022 it was mentioned a new LunaOne chain is to be implemented allowing up to 400,000 TPS, far above what any other blockchain can currently establish.

The white paper further elaborates on Directed Acyclic Graph (DAG) technology and Smart Contracts. It acknowledges that these smart contracts are programs stored on LunaOne-Chain that self-execute when predetermined conditions are met. This solidifies that the  fact that the XLN token is suppose to be running on a different chain compared to the one now, BEP20 in order to be able to give LunaOne utility. 

Out of the 11 pages in this white paper (Technical Vision) half a page related to facts about the metaverse while the 10.5 pages actually related to nothing because there is no such thing a LunaOne chain. THE XLN token is on the Binance Smart Chain, a BEP20 token. Keep in mind there is no evidence that there is a LunaOne-Chain.

It is therefore reasonable to assume that since the white paper states that the smart contracts for LunaOne, NFT’s and the required transactions per second (TPS) is needed for utility, another chain called LunaOne chain is needed.

Since this is not so and a Bep20 external chain is being used none of this utility has been implemented.

Nowhere in the LunaOne road map does it suggest this LunaOne chain implementation …until they read this lol.

That whole white paper was completely useless.

However, there was mention in an article that there would be a 1:1 swap from the Bep20 token to the LunaOne Chain. https://stackstashers.com/lunaone/

The other white papers LunaOne have published are of equal nonsense. The LunaOne Meta Research paper dated March 2022, version 1 is all information gathered from other resources about the metaverse and has no bearing with any working aspect of LunaOne. A waste of time.




5. Videos and pictures found to be copied and used in the original LunaOna advertizements.

This was an interesting development and @northeastriot (calvinecline6243) on YouTube raised concerns that LunaOne was using digital art assets from Unreal Engine and Shutterstock to promote their campaign.

https://youtube.com/shorts/BttvE42Lbpg?feature=share

@northeastriot also suggested to watch https://youtu.be/4w3mHd5ksPw

As we can see LunaOne have advertized some pictures:










https://youtube.com/shorts/PAdWik7JJGk?feature=share



LunaOne did tweet a response and admitted that they did pay for some designs:




LunaOne also claims mainstream access to Steam, Oculus, Xbox and Vive.



It is to be noted that Steam, a huge gaming platform banned blockchain games and NFTs on its platform on October 15, 2021. I am unsure why Steam is even mentioned. Microsoft also banned NFT’s on their platforms leaving me wondering why they would mention these companies at all.



Is it to attract investors by mentioning large well known companies and pretending they are associated with LunaOne? You decide.




6. Cease and Desist Letters

A recent Cease and desist letter addressed to Danny de Hek and The Crypto Granny (YouTube) dated 22 Dec 2022 directly calls out Stephen for being the CEO of HyperTech that is the company behind LunaOne and is associated with Apollo Fintech”.

An Extract from the Cease and Desist Letter:

“As you will no doubt be aware, HyperTech is a Missouri based company that carries on business in the cryptocurrency, metaverse and non-fungible token (NFT) space. Mr McCullah is the CEO of HyperTech. HyperTech is the company behind "LunaOne" and is associated with "Apollo Fintech'. Accordingly, any statements made in respect of
LunaOne and/or ApolloFintech are statements made about HyperTech. To be clear, HyperTech is not associated with the HyperVerse”. 



It is clear in the entirety of the letters the Stephen McCullah is in control and is claiming financial damage caused by the said recipients claiming  that LunaOne is a scam.

At this point I am sure you have drawn your own conclusions with LunaOne.




History of LunaOne

In the beginning before being rebranded LunaOne was known as HyperX. It was cited that because the company HyperX was already taken and owned by HP Inc, and to avoid copyright infringements a name change was required.

This rebrand and was tweeted about 3 March 2022 according the official LunaOne Twitter account and on YouTube as seen below.



https://www.youtube.com/watch?v=Tn8jBmI-yZk

https://www.youtube.com/watch?v=Tn8jBmI-yZk

Stephen McCullah was also questioned about the relationship of the  companies Hyper Technologies and LunaOne explaining “They set up Hyper Technologies for the transfers for LunaOne because it’s much easier in the US” (https://medium.com/@LunaOne/common-questions-queries-part-2-ee919dcb1a63).

As seen on opencorporates we can see Stephen McCullah is the owner of Hyper Technologies (https://opencorporates.com/companies/us_mo/001642956).

On the LunaOne website we can see Hyper Technologies is doing business as LunaOne.



“Hyper Technologies Inc. DBA LunaOne
109 E Dallas Street
Mount Vernon, MO 65712”

It reads Hyper Technologies Inc. Doing(D) Business(B) As A) LunaOne.

This was the transition of HyperX to LunaOne.



Conclusion

Stephen McCullah is involved in this project. I suggest you should not continue and keep away from this project. Do not invest.

Stephen likes to collect funds for dubious projects and to slowly pull the rug from under investors. It has been acknowledges that Stephen is behind the CDE fund raising for LunaOne. It has been discussed many times that raising funds in this matter makes it a security with all the legal ramifications.

Stephen is known for his antics with using well known blockchain influencers and employing them for different jobs. When they are let go or have finished the job their profile is continued to be used to promote business giving it validity. These techniques link people with decent reputations and convinces people when researching that reputable people are involved with Stephen and his projects when they are not, as in LunaOne.

This was seen with Daniel Puzny when he mysteriously parted ways with LunaOne. As reported he took staff back to his company nuREAL. nuREAL has an uncanny resemblance to LunaOne striving for the same areas in the metaverse. On departure of LunaOne, Daniel tweeted “nuREAL is not looking to raise money from cryptocurrency and will not create a token”.

Further investigation into Daniel revealed a platform to another company called blackartsound.  https://www.blackartsound.com

Interestedly, this has the same logo as nuREAL. On the landing page it states “LunaOne Entertainment is a division of LunaOne that focuses on Concerts, Film, Music, Art, and Events”…That’s correct, you heard it LunaOne Entertainment.

If Daniels’ company nuREAL is not involved in anything shady why does their logo appear on another project blackartsound? Blackartsound is now connected to LunaOne, so let’s look out and see where this project goes. Will it be a ICO or CDE? Of course it will be “subdivision” to LunaOne.

With the storm created by the Dev’s not listing the XLN token at initial offering of $0.25 as they advertized, it deeply divided the community. The investors watched XLN plummet in price to $0.02 and as of today it is $0.00796 and falling. The community was very angry and many people have lost money.

This unfortunately did look like a rug pull, even with LunaOne doing damage control many people are now suspicious of this project. People based their investments on what they thought the price was going to be listed at.
Even with the proposed airdrop by LunaOne, the attempt to rectify this error, did not overcome losses investors incurred.

The XLN token is on the Binance Smart Chain as a Bep20 token, far from advertized as a separate LunaOne-Chain. The LunaOne white paper suggests that all assets and utility is required through the LunaOne-Chain. Since this is not so and a Bep20 external chain is being used, none of this utility has been implemented.

Keep in mind there is no evidence that there is a LunaOne-Chain and nowhere in the LunaOne road map does it suggest this LunaOne chain implementation. Without this new chain LunaOnes’ metaverse project cannot work.

There was mention in an article that there would be a 1:1 swap from the Bep20 token to the LunaOne Chain but no other information was given.

It seems very shady to raise funds with a token that no-one can use in the proposed LunaOne metaverse then promise a 1:1 swap later. There is no proof that another LunaOne chain is being worked on to enable utility. Without this chain there is digital assets or NFT’s. You are asking people to blindly give you money for a project you haven’t started.

Then we have @northeastriot (calvinecline6243) on YouTube raising concerns that LunaOne was using digital art assets from Unreal Engine and Shutterstock to promote their campaign. Although not unheard of these art images were made to look like LunaOna had developed them.

LunaOne did respond rightly to say they had purchased content. It was the fact that LunaOne tried to portray those images as their own and were caught red handed and this casts a shadow on this project.

While looking into LunaOne, two social media influencers Danny de Hek and The Crypto Granny (YouTube) were issued cease and desist letters. In the letters it calls out Stephen for being the CEO of HyperTech that is the company behind LunaOne and is associated with Apollo Fintech”. This is in contrast to Stephen McCullah maintaining he has no power over LunaOne and its operations. Stephen claims to only have collected a fee for helping with the CDE.

It is clear that Stephen McCullah is in control and is claiming financial damage caused by the recipients claiming that LunaOne is a scam.

At this point I am sure you have drawn your own conclusions with LunaOne.

Do you want to invest in a blockchain that there is no evidence that it is being made? Do you want to hand over funds without this proof? Were you part of buying a security that was not registered? Do you trust a company that used other peoples art assets and portrayed them as their own?  Did it look like a rug pull when XLN was not listed at $0.25 as advertized then the price drastically dropped to $0.02? Do you want to invest with Stephen McCullah? LOL

ZAMBESI GOLD SCAM


It took me one minute on google to find this. How many times does this Middelvlei Gold mine have to be rehashed into another SCAM.

Zambezi GOLD claims "the Middelvlei gold mine is a 15km NW-SW route located deep underground a series of volcano- sedimentary rocks" bla bla bla


https://zambesigold.co.za/media/General/White%20Paper.pdf


This was already done by https://www.freepaytx.com/mining/middelvlei-mine/



Looks like you copied and downloaded all the 3D images from that website. Freeway also claim to be a 100% gold backed digital currency. Did you just copy them? Either you are a scam or both Freeway and Zambezi Gold are both scams. They are identical mines.

Freeway states "Each ORRO coin represents 0.01 grams of physical gold produced from the FreePay mines. When you purchase an ORRO, you’re purchasing real gold held securely by FreePay on your behalf. The number of coins in circulation on the FreePay payments network represents the amount of gold held in treasury".

Digging further into Zambezi Gold the documents and "proof" on the website have been plagiarized from https://sahris.sahra.org.za/
(search for middelvlei-mine)

Did you, Zambezi Gold steal the info and just became to lazy to change anything?

This is just yet more proof that your team members Willie Boshoff and Wessel Sevenster, the same team members of Apollo Fintech, Karatbars and a fake country made up by Apollo Fintech are just SCAMMERS!

The scammers from Apollo are at it again. We have yet ANOTHER ICO....LOL. ICO after ICO after ICO and all we see is the ICO coin price tank afterward.

WARNING TO ALL!

ZAMBESI GOLD (ZGD)

Familiar faces?

Willie Boshoff and Wessel Sevenster.



https://zambesigold.co.za


Im not even sure if I want to bother to dig into this. Anything related to Willie and Wessel turn to shit. There are always links to Apollo...SCAM

Apollo Fintech Keep pushing their SCAM


Apollo Fintech keep "releasing" multiple crypto assets in order to steal your money. Be careful! Anything from financial asset to the Metaverse, Apollo Fintech just moves from one hot topic to the next.

Currently Apollo Fintech have claimed collaboration with a made up company called State Digital Fund (SDF).




Looking into the website it claims to have several people involved and was established back in 2018. The issue here is the lack of a digital footprint for SDF.

There are  several people apparently involved with SDF:




The pictures are a quick copy and paste from these peoples business profiles etc. When contacted one of these people have no idea what SDF was. DO YOUR RESEARCH! Ask the people involved!

Other minor concerns are the fact the website is not https and was created on the 2021-12-15 and will expire in 1 year. The company was suppose to be established in 2018, not 2 months ago.

This doesn't sound right for a large company with high profile businessmen/women does it, to have the website registered recently and to expire in 1 year.

Why does the English not sound right on the website? Professional companies would get this correct.

Something fishy again with Apollo Fintechs made up collaborations and using real people to make it look like they are legit. 

Summary

Megatech have pretended to have bought two solar power plants; Beta and Sediba. Megatech have plagiarized this information. Dick Paul Splinter Berlijn (Berlin) owns these two plants.

If you wish to confirm such details you can also purchase the full business reports or contact Mr Berlin via the website https://subsolar.co.za or e-mail [email protected]

MGT giveaways, competitions and staking would dilute ownership and does not make a well structured business model. In the real world this is not sustainable.

There are unrealistic returns advertised by Megatech and there is no financial body registered to sell the MGT Token security. The STO/ICO is illegal and has place investors in a precarious situation where they may have broken laws in their country and could face penalties.

Any irregularities can be reported to the Mineral Resources & Energy of South Africa @ https://www.dmr.gov.za/report

It is concluded the Megatech has been caught out lying which is of no surprize considering the correlation to Apollo Fintech and Steve McCullah, as the same practices are used.

Megatech is a SCAM.

Megatech MGT Token Scam - Megatech caught out lying about their Solar Plant Projects


Scam site: mgtsolar.com

Accusations

Unregistered security
Illegal STO (ICO offered at US$0.01)
Trading competitions
Ridiculous ROI
Users who stake will get bonuses (diluting equity)
Strategic 3rd party Development Partners are not independent
Known team members are part of Apollo Fintech scam
Known team members are behind a fake country
Claiming other legit companies are MGT Solars when they are not to con the investor


What is advertised

Team members of MGT Solar:

Directors

Wessel Sevenster
Willem Sternberg B
Francois Paul N
Alastair Comfort

https://b2bhint.com/en/company/za/mgt-solar--K2020251758


Executive Team

Eddy Neilson
Wessel Sevenster
Willie Boshoff
Raan Naude
Alastair Comfort

Management Team

Craig Black
Deniz Goz
Craig Nel
Jandre Barnard

Advisors

Joanne Dean
Arno Boshoff
Raan Naude


Other Names linked to MGT Solar

Deniz K


Claims from MGT Solar

MGT Solar (PTY) claims to answer demand for electricity in South Africa by providing an alternate energy supply by building eight 10mwa solar energy plants within the next 60 months (5 years). MGT has claimed in their roadmap that due to partnerships this build time of solar energy plants has been cut from 5 years to 1.5 years for completion.

MGT Solar have suggested they have acquired 100% ownership in Project Beta (PTY) who owns a 60 megawatt plant (worth USD$113 million) and Project Sediba SPV in Parys that boasts having 75 and 120 megawatt PV plants.

The MGT website states Megatech will generate a NET PROFIT of $1.18T over 25 years (3,575%) which equates to an average of 142% return per year.

The website also states that the token offered for sale will be listed on a major exchange with 200 pairings in August 2021.

The custodian wallet is only available on the Apollo Fintech blockchain where staking can take place.

Carbon credits apparently will also be traded on external exchanges and profits generated will return back to MGT Solar to enhance yearly dividends.

Token Distribution according to the whitepaper:

Equity Token offering 3.5 bil
Development 400 mil (11.43%)
Management 400 mil (11.43%)
Marketing 300 mil (8.57%)
Team Development 150 mil (4.28%)
Exchange 150 mil (4.28%)
Airdrop 100 mil (2.86%)

The whitepaper claims 42.85% tokens are kept for the above developments.


STO Fiat Distribution:

Power Plants 80%
MGT Solar 20%


Reported MGT Financials:


https://mgtsolar.com/onepaper/


Unregistered security/Illegal ICO

To begin with the MGT (token) claims rights to ownership of solar plants. In addition dividends are claimed to be payout to the token holders rendering this as a security. There is no registered company found on any registers within South Africa or worldwide that has been authorised to sell the MGT token. It is therefore an unregistered illegal ICO. Buying this token means there is significant risk for investors with no legal comeback or protection. Without regulation false assurances about the MGT project and claims are unsubstantiated. If an investor buys into a token they can also be breaking their own countries laws, as many countries require KYC to buy a security or require the security to be registered. Often penalties such as monetary fines and in cases jail time can be given to the investor for purchasing unregistered securities. This could been seen as an attempt to lauder and hide money. This is why you should do your research.

For your own research Megatech is registered in CO JAN DE WET AND PLATAN AVENUE, NO 35 FLAMWOOD, KLERKSDORP, NORTH WEST, 2571.
The active officers for Megatech are Willem Sternberg B, Wessel Sevenster, Francois Paul N and Alastair Rory Comfort. (https://b2bhint.com/en/company/za/mgt-solar--K2020251758).

The marketing of any financial products in South Africa is subject to regulation under the Financial Advisory and Intermediary Service Act (FAIS) and also covers financial providers domiciled outside South Africa for investors doing business with South African companies.

Useful link: https://www.fsca.co.za/Regulated%20Entities/Pages/FAIS-Verifications.aspx

You will not be able to find any financial service that is registered to sell the MGT Token. It is an illegal security and an illegal ICO.


Trading Competitions, Absurb Returns and MGT Staking

A major underlying red flag with MGT Solar is them conducting trading competitions and massive staking returns.

Absurd returns are advertised on the MGT Solar website of 3,575% over 25 years. This equates to an average of 143% return per year. As we all know these a ridiculous returns and this temps  the novice investor by invoking FOMO. No real company has ever promoted such returns. This is in fact against the FAIS act as set out by the South African regulators, but because the MGT token is not a registered security MGT Solar breaks these rules and the investor has no financial protection.





To further insult to the investor this scam company is offering trading competitions and are giving away free MGT tokens. This doesn’t make sense a couple of ways. Firstly this dilutes ownership by giving away free tokens. How do you feel about this?  Secondly funding should be going to building solar plants, not encouraging investor to trade as this does not benefit the business. You must be desperate to try and get people to trade a security by offering a competition. Have you seen this in the real world?…. A company offering to give away shares if you trade more of their shares? Hmmm major red flag there.

Other giveaways include $50 of the MGT token Weekly giveaways and the lucky wheel competition upwards of $300 worth of MGT tokens.  

What we also find is that through Bitmart, you can earn up to 30% rewards monthly by staking LOL


https://support.bmx.fund/hc/en-us/articles/4405968811931

This is a HUGE dilution withering down your ownership if you do not stake. Imagine buying 1million MGT tokens and every month you ownership decreases by 30% per month because someone else who bought 1million tokens is staking and you are not. The tokens received for staking diluted your share of ownership.  And this is compounded month after month accelerating your loss of ownership. This is inflation of ownership.

Why does it dilute ownership? It is true with two aspects:

(1) Either the token didn’t exist to begin with until you staked it, therefore ownership cannot be applied to what didn’t exist to start with diluting total ownership after staking.

(2) Or if the token did exist to begin with, and held by MGT Solar, when you stake the MGT token the ownership passes from MGT Solar to you the staker diluting MGT Solars ownership until they own nothing. In this situation no funds are actually transferred (as it would with shares) and MGT Solar do not benefit.  Remember the solar plants are not built yet so there is no income. Therefore, there is no argument that the income is reinvested or distributed in the form of the MGT token to the investor, and thus not diluting ownership with MGT Solar. This point is now moot.

This is a great ruse to create confusion leading to you to believe you are benefiting. It just doesn’t make sense that MGT Solar is happy to lose ownership of a business to only benefit you.  

The other side to this coin which again raises red flags is the idea that you can increase your ownership by 30% per month. Relative to the token this is many hundreds of percent per year increase, not taking in consideration the price. A massive warning sign that something is not right.

MGT Solar have also completed an airdrop. This dilutes more ownership so be careful of this scam.  


Useful link: https://bitcointalksearch.org/topic/m.58564147


MGT Solars Strategic 3rd party, Development Partners and Apollo Fintech Connections


It is important to begin with the fact no independent 3rd parties have validated Megatech (MGT) Solar. So far the only information provided is directly from MGT Solar and you can only take them by their word. This would include ZPN Energy Sub-Saharan Africa where MGT Solar have claimed to have partnered with. All articles publishing this partnership have been paid articles and/or written by Megatech Solar. ZPN Energy have not verified this this partnership and caution is advised. Nothing has been independently verified, invest at your own risk.

According to whitepaper MicroEdge and Amber Trading will be the development and strategic development partner of MGT Solar (Pty) Ltd. Further investigation into this companies reveals Willem Sternberg and Wessel Sevenster are the directions of Amber Trading (https://b2bhint.com/en/company/za/amber-trading--K2019023836) and the directors of MicroEdge are Tsung-Hsien Lin, Edward Vincer N and Alastair Rory Comfort (https://b2bhint.com/en/company/za/microedge-consultant--B1999007516).

What is interesting Alastair is not only a director of MicroEdge but also a director for MGT Solar. We also find Wessel as a director for Amber Trading and MGT Solar. This is a perpetual circle that does not provide independence. In addition to this Wessel is linked to the scam Apollo Fintech and a fake country promoting himself as “congressman” of the United Allied States (UAS). It is to be noted that the MGT token is only allocated to the Apollo Network blockchain demonstrating the involvement with Steven McCullah and this scam.

Looking in depth into the team the Advisor for MGT Solar Arno Boshoff and Willie Boshoff are both related strengthening the correlation of MGT Solar to Apollo Fintech and the fake country UAS.  The apple does not fall far from the tree. (https://bitcointalksearch.org/topic/m.58564147).

The same people running MGT Solar are the same ones involved with the Apollo Fintech scam. You will also find the aforementioned people and the associate business directorships include Knox VIP, Apollo Currency Africa, Apollo Fintech Africa…the list goes on.


Claiming Acquired Companies are MGT Solars when they are NOT

What is very damning to MGT Solar is they have pretended to acquired 100% equity in Project Beta (Pty) Ltd who owns a 60 megawatt project in Hertzogville, Orange Freestate, South Africa for US$113 million and will begin construction this year 1st quarter (2022, Q1) with a budget of 1.8 billion Rand.





https://www.youtube.com/watch?v=E_IgLLXnjZc&t=125s

Megatech via YouTube (Megatech MGT Token) also claim a Phase two called Project Sediba SPV and will have two 75 megawatt PV Plants located in Orange Freestate, Parys, South Africa and will begin construction 2022 Q3 with a budget of 5 billion Rand.



https://youtu.be/E_IgLLXnjZc?t=123

To begin with don’t get confused, none of these projects are built yet which bring us to an interesting point. What exactly did Megatech buy for US113 million when buying Project Beta (Pty) Ltd when in fact the plant is not built? They claim Beta Solar has a net value of $113 million. Isn’t that equivalent to 1,706,446,900 Rand, the entire budget gone for a project not built yet? Anyway I have not made my point yet, it is time for some research.

The two power plants in question are Project Beta SV and Project Sediba SPV.

What we find is one man connected to them both, Dick Paul Splinter Berlijn (Berlin). If fact Mr Berlin owns two companies (100%) with the same names.

Beta Solar Plant (RF), located in South Africa (https://b2bhint.com/en/company/za/beta-solar-power-plant-rf--K2013048155)
Sediba Solar Plant (RF), located in South Africa (https://b2bhint.com/en/company/za/sediba-solar-power-plant-rf--K2012040524)

He also owns (100%):

Subsolar Energy
Life Solar
Naledi Solar Energy (RF)
Gamma Solar Plant (RF)

All found in South Africa. https://b2bhint.com/en/officer/32623331

We find that Mr Berlin lives in Stockholm and 100% owns Subsolar AB, with a registered industry of technical consulting activities in electrical engineering (https://upplysningar.syna.se/foretag/5592005374). In fact all Subsolar developments are held through their respective country offices which sit under SubSolar Energy (Holding BV) and is the registered company above. They have a website:

https://subsolar.co.za
Contact details: [email protected]

The companies Beta Solar Plant and Sediba Solar Plant are subsidy companies under the parent Subsolar company (b2bhint.com) and have undertaken Project Beta and Project Sediba for solar plants in the Orange Freestate, South Africa. What a coincidence. The very projects and company Megatech have claimed to have owned and developing are owned by a different company and man, the man who STILL owns these companies and has not sold them.  What else can we find?

We can find the Cultural Heritage Impact Assessments for the Proposed Development of Photovoltaic Power Plants in South Africa.

(1) Beta Solar Plant Report: https://sahris.sahra.org.za/sites/default/files/heritagereports/Appendix%20D2%20-%20HIA_0.pdf and https://sahris.sahra.org.za/sites/default/files/additionaldocs/Beta%20-%20Draft%20Scoping%20Report.pdf

(2) Sediba Solar Plant Report: https://sahris.sahra.org.za/sites/default/files/additionaldocs/Sediba%20Final%20Scoping%20Report%20%281%29.pdf

Things have just become more clear. The Beta Solar Report for Cultural Assessment has the recipients email to [email protected], this is the same as subsolar.co.za contact details, Mr Berlins current company. The report for the Sediba is addressed to Sediba Solar Plant (RF), also Mr Berlins company.

We can also see at https://sahris.sahra.org.za/organisations/beta-solar-power-plant-pty-ltd-0 that Beta Solar Power Plant is connected to Subsolar.co.za with a contact email of [email protected].

I think we we have a problem Megatech. The projects and companies you have just claimed to own are owned by someone different.

Let’s keep digging.


Beta Solar Plant Project

The Beta Solar Plant Project (owned by Mr Berlin) has a max capacity of 84 megawatts with a connection point of 75 megawatts. Approx 180 hectares is covered with the title deed T8261/1997. The development is to be at The farm Talana 1241, Registration Division Boshof, Freestate. The property owner is Retreat Trust and is leased to Beta Solar Plant for 20 years.

The location coordinates for the plant form a polygon:

-28.16520 (lat) 25.67060 (long), -28.17601 (lat) 25.66864 (long), -28.17496 (lat) 25.69103 (long), -28.17253 (lat) 25.69509 (long).

Let’s now review what Megatech claim their Project Beta covers. They claim to be building a 60 megawatt project in Hertzogville, Free State, South Africa.
On the MGT official Telegram group they have uploaded a video (duration 7min 15 sec) on the 30th Dec 2021 with more details of this project. To be precise they have given the coordinates of the project.



As we can see the pin marks the spot for the solar plant. On the right top hand corner we can see the Legend with 160ha - 84MW Solar Plant. The Farm Talana, 1241, Bishop Rd, Free State, South Africa.

As you can see from the legend the address is exactly the same as the Project Beta that Mr Berlin owns with Subsolar.  You can also compare this to google maps:
https://www.google.com/maps/place/28°09'54.7%22S+25°40'14.2%22E/@-28.1219403,25.5847028,27474m/data=!3m1!1e3!4m5!3m4!1s0x0:0xcff0e55727358e3a!8m2!3d-28.1652!4d25.6706!5m2!1e4!1e2
Megatech has claimed this is their project! They have deceived you into taking a legit project and claiming this for themselves. They have even changed a few details such as how many mega watts they would produce in order to portray this differently so they are not caught. This is fraudulent by Megatech duping you into giving them your money.
You can also see the land is only leased for 20 years, not the 25 years that Megatech has advertised and what they based their financial figures around. They didn’t read all the fine print and made an opps moment. The devil for Megatech is in the details, you just got caught lying.

Project Sediba

The Project Sediba SPV run by Mr Berlin is a capacity of 150 megawatts covering 270 hectares of land with a Title Deed T605/1991 located on the extent of the farm Kliprug No. 344, Registration Division Parys, Free State Province. The property owner is Dan-Uys Boerdery CC and is leased to Sediba Solar Power Plant (RF) for 20 years.

We will now review what Megatech has said about their Project Sediba SPV. Megatech claim to be building two 75 megawatt solar plants located Parys, Free State, South Africa.



(https://youtu.be/E_IgLLXnjZc?t=122)




What another coincidence, Megatechs two 75 megawatt (2X75=150MW) solar plants are the same size as Mr Berlins solar company of 150 Megawatts. And even more so they are located in exactly the same farm, Kilprug Farm in Parys, South Africa.
You can also see the land is only leased for 20 years and not the 25 years as reported by Megatech, a detail they had wrong.


Conclusion

As we already know it is no a coincidence that Megatech (MGT) solar plants are located in the same place as the power plants that Dick Paul Splinter Berlijn (Berlin) owns, they are the same solar plants.

MGT have been trying to pass off these legit projects as their own and have tried to change some details to throw off people researching. As shown above, the two projects in question are still owned by Mr Berlin and no ownership has been transferred to MGT.
If you wish to confirm such details you can also purchase the full business reports or contact Mr Berlin via the website https://subsolar.co.za or e-mail [email protected]

MGT giveaways, competitions and staking would dilute ownership and does not make sense within a business structure model. In the real world this is not sustainable.
Adding to the many red flags is the unrealistic returns advertised which goes unregulated as no financial body is registered to sell the security. This made the STO/ICO illegal and has place investors in a precarious situation where they may have broken laws in their country and could face penalties.

Any irregularities can be reported to the Mineral Resources & Energy of South Africa @ https://www.dmr.gov.za/report
It is concluded the Megatech has been caught out lying which is of no surprize considering the correlation to Apollo Fintech and Steve McCullah, as the same practices are used.

Megatech is a SCAM.

Following up one of Apollo Fintech scams MGT Solar


As reported by the scammers Apollo:





Don't let the recent price rise fool you. To put things into perspective....






More information to come on this scam, stay tuned! This might even deserve a whole new thread!

Just to follow up some recent Telegram posts from Steve about Apollo's Banking agreements:

This is a comment from Steve when asked about at what stage Apollo was at with the release of the Banking public announcements:




And on the 1st September 2021 we have Steve now adding banks from Asia and a bank from Mexico is joining them:




It has been years since Steve has talked about banks joining Apollo. Every single time it does not happen and he make excuses. What  excuses will it be in 2022? Please be warned Apollo Fintech is a scam, Steve McCullah is a scammer.

Warning


What have we learnt about Apollo and Steve McCullah from this thread so far:


Back in early 2018 Apollo falsely sold the premise of an ICO being a CDE to fool people into investing into a security. By a quick change in wording, Apollo changes it from an ICO to CDE.  Apollo tricked non-financial people into believing this was not a security therefore it was not illegal to purchase. This was far from the truth as at today Apollo boasts gold back securities (GSX), property gold mine ownership and dividend payouts. All this said Apollo's forging (staking) of APL and referral bonuses all provide an income. As previously mentioned in this thread the SEC historically deemed other companies and similar business models as securities. Incidentally the ICO/CDE ended in late 2020 which adds to the many red flags. That is to say to have such a long period to collect funds for a ICO/CDE is especially not heard of in the precious metals field.

To add to confusion for the investors when GSX was introduced the published white paper contradicted itself and bans Americans and various other countries from investing. At the same time on Apollo’s official Telegram group they dismiss this stating that anybody from any country could invest. This is very contradictory, a second red flag.

Apollo also claimed to be non profit during this early era of 2018. Apollo’s own admission was they in fact did not submit or have their paperwork processed to back up this claim. This did not stop Apollo from advertizing this “non-profit” foundation in order to sell their CDE. Yet another red flag.

From here non compliance pushed Apollo relocating from Texas, US to Malta. From November 2019 Malta introduced the Virtual Financial Act. The Malta Financial Services Authority (MFSA) required all platforms dealing with virtual currencies to register. Apollo was never found in Malta’s government website as being registered. In fact Apollo has not registered in any country to sell any security. Incidentally Apollo Fintech is now located in Hong Kong, however they are still not registered to sell securities.

On the 11 June 2018 the NXT developers complained Apollo breached the Jelurida Public Licence (JPL) as APL was based upon their code. The first copyright violation then ensued.

In late January 2019 Apollo made headlines as data was shared publicly of APL being and pump and dump (P&D) coin and was posted on Reddit. At this point Steve McCullah’s shady past with his dinosaur hunting and funding for this via Kickstarter became more public. This Kickstarted project failed  as funds went “missing” with Stephen McCullah being the center of this attention. More emphasis should be put onto the project’s CTO, the Ukrainian named Sergey Rokhvarg, and he is of even more interest. He’s the public face and director of the Ukrainian company Universal Information Technology (UIT), with corrupt high‐ranking Ukrainian officials use to launder funds from the state budget and Ukrainian state corporations. Again another shady character.

We also find back in July, 2018 the Twitter account for Vimana Global (Vimana) where Steve advertized, promoting Apollo’s technology where it will become part of Vimana Airspace network. A violation of copyright was submitted and a subsequent letter sent to Vimana stating Apollo has no right to sublicence Jelurida’s code and the proposed partnership with Apollo was concerning. This is the beginning to become all to familiar of Steve claiming other peoples technologies.

When Apollo launched Gold Secured Currency (GSX) they claimed ownership to gold mines, precious metals and property. By doing this Steve took another quick grab at investors money by launching this security where investors needed to buy in.

Steve also claimed GSX is pegged making it a stable growth coin. To date GSX has had a negative growth. GSX is not pegged to any asset and no independent 3rd party has done an audit on this to prove this asset is pegged.

However, to add validity to GSX a 3rd party audit was conducted, so say Apollo. This was according to Apollo done on the gold mines which allow GSX holders ownership of these mines. Apollo reported that Munyaradzi Otis Marume conducted such a report. A quick google searched revealed Munyaradzi Otis Marume is “@itsForms”, “Dr Otis” and “The Consultant” on twitter who pushes the scam product Super Life STC30.

Reading the report by Munyaradzi there were grammatical errors and a report non consistent with current industry standards. The date the report was written predated GSX, again providing red flags. Investigating Munyaradzi Otis Marume further; he claims to be an IT Consultant that runs a mining company Virtuous Environment while he sells a controversial multi-marketing product. At this point any confidence begins to waiver at Apollo’s business conduct in order to prove validity.

On the 22 September 2020 a Dutch Court ruled against Apollo for cloning over 75% of its code from Jelurida’s NXT code. Apollo was ordered to pay €38,780.73 and quickly dropped the counter-claim against JLD.

In addition to shady characters involvement with Apollo, John McAfee has definitely been controversial. John tweeted in mid 2019 his support of Apollo. Apollo’s team announced John McAfee was part of their team.  In 2021 John was charged for tax invasion via his shilling of different virtual assets including Apollos Decentralized Bank (that never existed). As we all know, John committed suicide and the court cases were dismissed. Again another red flag for a shady character being involved with Apollo.

In order to evaluate how Stephen McCullah operates we need to take a look data he published on himself. In 2018 Steve claimed to have two bachelor degrees. One in premed from the Lamar University and the other bachelor from Drury University. This was reported on Steves Linkedin account. These Universities have no record of Steve completing either degrees. He was called out and denied everything. An interesting Youtube clip of Steve defending his reputation is embarrassing as his defence was “look everyone heres my Linkedin account and I deleted the words bachelor to prove I’m right, I never said that”. Unfortunately screenshots proved he was to late. More red flags as Steve thought he needed educational validation by lying.

With so many inconsistencies and red flags it prompted this author to investigate companies Steve has owned more so.

Steve was the CEO and owner of Tsavari that claimed to be a Gold company in South Africa. This was active between August 2014-2016. Looking up the business registry for Tsavari it was listed as being involved in retail, far from the suggested affairs of perpetrating in gold.

We also have the businesses CCMM Inc, Deluz Diamonds LLC and Diamond Trading Company. Steve has claimed and over embellished the company CCMM dealing with the US Military. He sold tourniquets. Interestedly enough in July 2016 a name change was made from Collar Craft and Petite Originals, Inc to CCMM, Inc. The other above company names were found to have unfinished websites or links back to his other fake businesses all going around in circles.

A quick google search of catch phrases from CCMM lead to the company Evans Collars. What we can induce from this research is that Steve uses famous popular companies, and calls his companies with similar names hoping to trick people into believing he is successful. Steve is a business fabricator claiming other peoples successes.

To reinforce Steves behaviour for fabrication, Steve reported his company Tsavari.io made a US12 million dog collar for Paula Abdul, a famous client. This was not to be confused with Tsavari.com a completely different unrelated company. This did not stop Steve being interviewed and taking credit for such as reported by pursuits.com.

Apollo also advertized in early 2021 that they were the first cryptocurrency to implement database sharing. This is wrong as RapidChain introduce Fast Cross-Shard Verification August 2018. Omniledger also implemented this in 2017. Again red flags for incorrect details presented by Apollo.

To push the boundaries of disbelief Stephen invents a new country called the United Allied States (UAS) where he claims defence budgets are allocated to him and  where he is the President. What is the catch here, you need to pay money to belong to his country yet another money making scheme. Everything Steve does requires someone to pay him money (US3500-$6000).

About the same time in late 2020 early 2021 Apollo releases documents that claim they are the owners of several gold mines to help ease investors worries and apparent FUD on the project. It was very unfortunate Apollo did this. These documents were proven fraudulent by the data contain in them. Information included the documents stating there were 8 copper claims as listed, however these were UTM coordinates for the location of the mines. Steve thought these were separate mines rather than 4 coordinates listing only 4 mines. Suspicion arose publicly towards Steve- who should have known the difference as he apparently owns many precious metal/mining companies before this.


Continuing with the topic of coordinates Apollo published more data and documents proving ownership of another 27 claims over 10,000 acres of land. Again this was misrepresented as Apollo was confused between the UTM coordinates and the MGRS Grid Reference and combined this data. Following the published coordinates and comparing to where Apollo says the mines are, we find the mines do not match the Apollo maps. More red flags.

At this point in the research it was noted that Steves father Bob (Robert) McCullah keeps popping up suggesting a close working relationship in this scam.

Since Apollo have gone governmental with their fake country (UAS) they have subsequently published a memorandum of understanding (MOU) with Zimbabwe’s CBZ and government of Lesotho. It was then reported “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”- https://iharare.com/apollos-mccullah-pushes-back-against-scam-allegations/. So far everything is looking more damning. Red flags are everywhere.

In addition to confusing statements Apollo stated “…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

It was then mind boggling when Steve decided to print fiat money for the UAS and claimed that there was real 24K gold incorporated in it, giving it value after stating it was a waste of money to print fiat. Whats more he claimed these notes were connected to the Apollo blockchain and all you had to do is scratch the bill revealing the blockchain code rendering the fiat cash useless even with the 24K gold in it. It doesn’t make any sense does it? Another red flag.

We also find that this fake country UAS is controlled by Apollo Fintech people and their family members.

More shady characters such as the Run Guys are heavily involved with Apollo. They can be seen in promotional videos pushing the scam for Apollo Fintech. Not a great addition to the team.

On the topic of team members Apollo is notorious from claiming legitimate people are on their team when in fact they hired for various business tasks, and Apollo just adds them as team members within Apollo website. Such techniques link people with decent reputations to Apollo. This convinces people when researching that reputable people are involved with Apollo when they are not.

Marketing by Apollo is also questionable such as $4 million in prize giveaways including a Tesla cyber truck, Supers car and $3 million in gold and crypto. This is still to eventuate.

Apollo was also caught red handed claiming they had a billboard located at CA-02891 Irwindale CA and was quickly proven to be a lie. A digital billboard mockup was found on Behance.com. A Red flag again, fake news.

Also Apollo Fintech is linked to Karatbars International a well known pyramid scam and a warning was issued by the Bank Of Nambia not to participate. It is not surprising to see Apollo connection to this scam as the people involved in Karatbars is also on the Apollo team. Red flag.

Apollo has been promoting MGT Solar (mgtsolar.com), pushing the sale of the MG token (MGT). Whilst researching MGT Solar, Apollo team members were found be directly involved. The MGT Solar project have promoted that if you invest with them you would receive and incredible ROI. We find that MG token has tanked in value as has the GSX token. MGT Solar has taken a leaf from Apollos playbook and claimed outrageous projects and acquisitions including claiming reputable companies are backing the project. All of this is yet to be seen.    

On to the Banking topic. One of the most outrageous claims is Steve wrote on Twitter (20 August 2021) that they were in the running to be the official Central Bank Digital Currency (CBDC) of India. On the 27 August 2021, seven days later Shaktikanta Das, the Governor of the Reserve Bank of India issued a statement different to Steve’s claim. The Central Bank would be moving towards the digital rupee that is controlled by the bank, however more trials are required. This is not what Steve claimed. At this point there are so many red flags that one starts to gag.  

Since 2019, Steve claimed Apollo had several Banks located in Klerksdorp, Mossel Bay South Africa, Turkey and Australia. Researching these banks showed none of these were registered or existed. Further investigation showed they were small shops that claimed they could transfer and convert fiat into Apollos cryptocurrency, far from the truth Steve led the public to believe.  There were no banks, another major red flag.

Again in 2020 Steve decides to have another go at telling his followers and investors that Apollo was 4 weeks away from launching in the US and a European branch bank. Steve says the European branch is the UAS branch and can hold funds for Americans tax free. Steve then states they will issue an exchange license to the biggest Exchanges such as Binance, OKEX so these Exchanges can incorporate in the UAS. To show stability Steve says this will be FDIC insured and accounts can never be frozen.  It had been 1 year and 4 months since he stated this, it did not happen in the 4 week period Steve claimed it would.  

In more recent times Steve has been pushing the announcement of more Banks in mid January 2022, now they are competing against Ripple with their native token XRP. With Steves history this will not happen as he is a proven liar. If is very unfortunate there are many many red flags and so many lies. Many people have lost their money.

On another note we are one step closer to another time frame where Steve will make up yet another excuse for doing nothing. At this point in time the investors in APL and GSX are becoming tiresome. Will 2022 be the year they will wake up from being deceived. A very sad state of affairs indeed.  


Edit: Reworded a few paragraphs, corrected some spelling errors.

Warning: Apollo Fintech says its Knox Wire network will debut on Saturday, Jan. 15





By Jan 15, 2022 Steve claims big banks will be signed. This is yet another carrot. In four or so weeks no bank will be signing up to Apollo Fintech, simply none.

No financial institution would "invest" with Apollo. Apollo has no trust where apparently the gsx assets are held. In fact Stevens father Bob has that company under his name, there is no trust for gsx holders, go research this.  To further this scam the reported gold mines Apollo has do not correspond to the gps locations. I have already discussed this here.

There are always excuses from Steve claiming why none of his promises work out. When he tells a lie he then tells a bigger lie to divert attention away from the original.

Steve names his companies after famous/larger companies hoping people think he is legit.

Steve is a professional scammer as his history dictates. Professional scammers like to target trusting groups of people where they can maximise their profit taking such as church groups etc.

Steve McCullah admits GSX is not a stable coin and does a flip flop....again.












How many people bought into this scam with GSX (and APL) based on Steve saying so? Apollo Fintech has published many (paid) articles stating GSX is a stable coin, yet we see the price continually deteriorate, having a negative growth.



https://coinmarketcap.com/currencies/gold-secured-currency/



https://apollofintech.medium.com/gsx-coin-gold-is-timeless-money-52a99da18558


We certainly know thats not true, GSX price keeps going down.


Steve has mentioned recently... "So I explained a little bit earlier about GSX not being a Stable coin and why that is actually a good thing. We designed GSX to have the Asset backing of a stable coin but not be stuck at a certain price based on that. That’s what we foresee the minimum value being and what we will be basing our redemption on.

The thing about a stable coin is that it’s locked into one price, so you don’t get the FOMO normally that say XRP gets, because people only use it for hedging.

We want to get GSX to where it can still go up  10 times it’s asset backing in price, but stabilize so that it has a minimum price.

So yes, for now it can go lower than it’s asset value, but that’s what makes it a crazy good deal right now, and why in the long run it will be an amazing asset to have. After we launch Knox Wire, this new tailings processing then redemption, the price should never go below asset value because why would someone sell below when they can just redeem?" -Steve McCullah

Steve has admitted every article Apollo has written or paid to be published indicating GSX is a stable coin is NOT correct, including the white paper, they lied. This was sold to you to convince you to buy a stable coin, a coin that keeps value.

Of course this is silly to think a stable coin would alter in any value up or down and Steve was called out, so he back tracked.

Now Steve has changed tactic. GSX apparently has a minimum price, a stabilized price because of the "asset backing"...LOL Which one is it Stevo - is it stablized or is there a minimum price?

If the assets (mines, property, precious metals, equipment) represent the minimum price,  and the initial price for the CDE for GSX was $0.046 USD each representing the assets as claimed by Stevo, and the price today is $0.03168. So you have pissed away a third of the assets in just over a year.

Thats just amazing considering Apollo has 3,700+ acres of platinum and gold-rich land. What did you do to remove just under a third of the assets?

So the big question no-one asked Stevo is what is the minimum price?

It is ZERO.

It is called supply and demand Steve, stop pushing your shit and dangling carrots in front of innocent people. GSX is NOT asset backed, there is NO trust.

Apollo Fintech, GSX, APL and MGT solar are all scams.

Steve McCullah is a scammer.

And according to Apollo predictions for 2021 a 200-500% return in price was guaranteed! LOL...scam

MGT Solar Scam

Website: https://mgtsolar.com


Here is the Megatech Team:




Joanne Dean, Arno Boshoff, Eddy Neilson, Wessel Sevenster, Willie Boshoff, Rain Naude and Alastair Comfort.


How is MGT Solar Related to the the Apollo Fintech Scam?

Background

MGTSolar- About Us: To answer the critical demand for electricity in South Africa, MGT Solar (PTY) Ltd, an Alternate Energy Supply Company, is building eight 10mwa Solar Energy Plants within the next 60 months in South Africa. We are fueling this timely construction with the MGT Token developed in 2020 on the Apollo Blockchain platform.

According to MGT-Solar it is Asset Backed: Each MGT Token is backed by MGT Solar PTY Ltd and the eight solar plants in development ($240m in 10mw solar plants). The first two plants will be built in 2022.





Megatech does an ICO: “Early Dividends Will Be Paid Out To MGT Token Holders Whichhold 60% Ownership And Profit Sharing Of MGT Solar (Pty) Ltd.This Will Be Validated With Third Party Escrow Services. MicroEdge And Amber Trading Will Be The Development Andstrategic Development Partner Of MGT Solar (Pty) Ltd” - https://coinworldstory.com/megatech-airdrop/






Token Info
   •   Token Name: Megatech
   •   Token Symbol: MGT
   •   Total Supply: 5,000,000,000 MGT
   •   Circulating Supply: 3,200,000,000 MGT
   •   Token Type: Apollo Blockchain

ICO: 3.5 Billion Tokens At A Value Of $0.01 USD

Yearly Dividends Will Be Paid Out To MGT Token Holders Whichhold 60% Ownership And Profit Sharing Of MGT Solar (Pty) Ltd.This Will Be Validated With Third Party Escrow Services.


What’s driving me to research Megatech MGT?

It is the relationship to the same people in Apollo Fintech and the same techniques are being used in this scam.

This article- Apparently ZPN Energy has partnered with MGT Solar: “Paul Vorster, Regional President of ZPN Energy Sub-Saharan Africa, ZPN Energy When Megatech MGT.. The newly discovered partnership plans to integrate the unique product and technology value propositions of these entities, thereby achieving the exponential value of the solution to the combined client base.
ZPN Headquartered in Coventry (UK), is a leading UK energy technology (EnTech) provider that designs, develops and manufactures infrastructure technology to combat climate change. ZPN We contribute to a zero-carbon society by promoting the use of self-sustaining and sustainable solutions and promoting a culture for cleaner air and a healthier life.” (https://londonnewstime.com/zpn-energy-ssa-announces-partnership-with-megatech-mgt-for-renewable-energy-projects/565684/)


Do some of these names ring any bells?


Joanne Dean, Arno Boshoff, Eddy Neilson, Wessel Sevenster, Willie Boshoff, Rain Naude and Alastair Comfort.

Red Flags:

We have Wessel Sevenster who is the “congressman” to Apollo Fintech’s fake country UAS. We also have Willie Boshoff - Director of Operations Apollo Africa. (https://bitcointalksearch.org/topic/m.57141181).

We also find that Arno Boshoff and Willie Boshoff are related !hey can be founded linked together through twitter:

Arno Boshoff- https://twitter.com/oxygn8arno then through Willies twitter via followers - https://twitter.com/boshoffws


So who are the directors of  Megatech Solar?


Willem Sternberg B.
Wessel Sevenster
Francois Paul N.
Alastair Rory C.

https://b2bhint.com/en/company/za/mgt-solar--K2020251758

Now, don’t forget as mentioned above- “MicroEdge And Amber Trading Will Be The Development and strategic Development Partner Of MGT Solar (Pty) Ltd”.

Don’t think these are 3rd party businesses, coincidently Willem Sternberg and Wessel Sevenster are directors of Amber trading (https://b2bhint.com/en/company/za/amber-trading--K2019023836) and for MircoEdge Consultant, the  Directors are Francois Paul N and Alastair Rory C (https://b2bhint.com/en/company/za/microedge-consultant--B1999007516).

Just for completion of this research another company called MicroEdge Consultants have the directors Tsung-Hsien Lin, Edward Vincer N and Alastair Rory C (https://b2bhint.com/en/company/za/microedge-consultants--K2020909343) with Alastair being the common denominator is all companies. Ive included this company as a matter of future interest.  


What other red flags other than principles of a fake country is there for Megatech?

Not including the the outrageous ROI (as shown above). The answer is the same as Apollo Fintech uses.

They promise this project is backed by real assets with no proof (I mean the power plant isn't even built).

They also give away MGT token with “$500 weekly sharing competition” and a 30% per month through Bitmart - “We are pleased to announce that Megatech (MGT) Staking will be available on BitMart Staking starting from September 1st, 2021. Through BitMart, every user can stake MGT and earn up to 30% rewards on a monthly basis”. Monthly!!!!! (https://support.bmx.fund/hc/en-us/articles/4405968811931).

How does this make sense? The Megatech Solar team do an ICO because they need your funds to build some Solar Energy Platforms worth hundreds of millions of dollars but you can stake them for 30% return per month….any issues here anyone? Any red flags?...just giving away free money.

Now back to ZPN Energy- I checked, no announcement by them confirming this partnership with MGT Solar. This is just like Apollo Fintech and their partners - not a single one of their partnerships verified the relationship to Apollo either. LOL

The same people running MGT Solar are the same ones in Apollo Fintech. You will also find the aforementioned people and the associate business directorships include Knox VIP, Apollo Currency Africa, Apollo Fintech Africa and other fascinating businesses that I’m sure is an interesting  rabbit hole to move down. Just click on the links with https://b2bhint.com/en/company/za/amber-trading--K2019023836 and find out what relates to what.

Out of interest if you want to know one of Arno Boshoff wallet addresses just enter his address APL-NJ7Q-QTWG-EFVH-43QZB in https://apollowallet.org. Just click Standard Wallet and paste the above address and then initiate.  LOL

What wallet let’s you do this? Honestly try it with any APL address….






Thanks Arno Boshoff, we can see at the top right you are verified.

Apparently Zimbabwe has signed an agreement with Apollo Fintech to host a gold standard currency on the blockchain




https://ho1.us/2021/11/zimbabwe-to-implement-the-gold-standard-with-advanced-financial-technology/
(November 16 2021)




"We have gotten a large number of questions pertaining to rumors circulating that Apollo will be used in a strategy/survival MMO that is the distribution method for a gold backed coin. I want to set the record straight. It is true, and the details are coming soon". -Stephen McCullah – CEO of Appollo Fintech (https://www.techzim.co.zw/2020/03/government-to-partner-with-fintech-to-issue-gold-backed-cryptocurrency/ and https://coingeek.com/zimbabwe-finance-minister-sees-potential-for-lower-diaspora-remittances-via-blockchain/)




https://www.techzim.co.zw/2020/03/government-to-partner-with-fintech-to-issue-gold-backed-cryptocurrency/


Is it interesting that Apollo Fintech is still pushing the Gold Standard  currency in Zimbabwe. It was reported the "Expectations from those close to Apollo suggest that the gold-backed solution for Zim will be launching in about a month, and we have gotten in touch with Apollo Fintech for more information", this was back in March 2020 (https://www.techzim.co.zw/2020/03/government-to-partner-with-fintech-to-issue-gold-backed-cryptocurrency/). Now back to November 2021 Apollo Fintech again is suggesting an MOA with the Zim government for this gold standard. LOL

Interestingly enough Apollo Fintechs white-paper published incorrect facts about how many tonnes of “proven gold reserves” are in Zimbabwe.

“Although Apollo Fintech has projects developing in South Africa and Zambia, Zimbabwe will also be a focal point because it has the second-largest gold reserves per square kilometer in the world, with 13 million tonnes of proven reserves” (https://aplfintech.com/wp-content/uploads/2020/12/Apollo-GSX-Whitepaper4-fixed.pdf).

Apollo Fintech claims to be a multi-billion-dollar company, with a 3,000+ acre of Platinum, and Gold mining claims. GSX holders apparently will be legal holders of this multibillion dollar claim. (There are many google linkes to Apollo claiming this, one example is https://markets.businessinsider.com/news/stocks/pre-sale-of-world-s-first-stable-growth-coin-launches-1029405950).

How can a multi billion dollar many get this wrong?

The article Apollo is referring to is from the Herald in Zimbabwe, dated 8th August 2018 (https://www.herald.co.zw/zim-boasts-13m-tonnes-gold-chest/).

Mangudya was referring to 13 million tonnes of gold ore, not gold. This incorrect detail caught the attention of the ZAP Zimbabwe Action Partnership calling this fact out… “So is this a new scam from Zanu PF”? with the bellow caption leaving no doubt that they who they were referring to:






Just another copy and paste. Such a mistake misleads investors into this scam claiming there is more gold in Zimbabwe than there is. If Apollo was a multibillion dollar company they wouldn’t copy and paste. There would be due diligence and an official report would be publicly available. They would also understand the article in it entirety.



 
 

Apollo Fintech’s link to the SCAM (pyramid scheme) Karatbars International by the Bank of Nambia


Apollo Fintech is linked to Karatbars International, a pyramid scam with a warning issued by the Bank of Nambia not to participate, with a consequence of international countries following suit issuing warnings of this pyramid scam.

Evidence of such was provided by the publication by Apollo Fintech when Apollo declared publicly that they opened a crypto-bank in Mossel Bay in South Africa back in December 2018 (https://apollofintech.medium.com/now-open-south-africa-decentralized-apollo-bank-14ece590796a).

As previously discussed Apollo Fintech lied about a partnership and creating a crypto bank. Their publication on Medium has caught them them out red-handed.

In this article Apollo claims the location of this bank is located 250 miles of Cape Town. Becker Leonard Projects CC Trading is apparently a one-stop shop for enthusiasts of cryptocurrencies. Becker and CW are apart of Apollo Foundation’s strategy (see link above, dated Dec 2018).

In the photo provided by Apollo Fintech the back ground reveals the true nature of Apollo’s strategy and it does NOT look good:





This picture as advertized by Apollo is Cobus Swanepoel and Willie Boshoff shaking hands with their new adventure CW (Crypto Wealth) Crypto Traders, located in Time Square, Shop 16, Central Ave, Flamewood, Klerksdorp, South Africa. Willie Boshoff if you do not know is the Director of Operations Apollo Africa and discussed in detail in this thread on Bitcointalk.

In the back ground to your left is very revealing and to the dismay of any researcher investigating the legitimacy of Apollo Fintech’s project, a multi level marketing (MLM) pyramid scheme has been uncovered and confirmed by the Bank Of Nambia with subsequent warnings issued internationally.

A zoom of the background behind these two men clearly advertizes Karatbars International with the logo to the top right of Karatbars name as seen below:


   


A quick google image reverse search has revealed a clear picture and is located on Cobus Swanepoel Facebook page (https://twitter.com/Cobus_Swanepoel & https://twitter.com/Cobus_Swanepoel) which implicates Cobus being involved in this pyramid scam (also incidentally demonstrating Cobus is a car salesman):



https://www.facebook.com/cobusatsales/photos/a.1561392717521087/2140323836294636/?type=3&theater and https://www.facebook.com/cobusatsales/photos/a.1561608717499487/2168087346851618/?type=3&theater

Now we can see clearly the logo on this fake advertized credit card actually matches the logo on the window behind Willie and Corbus as they shake hands. This identifies Karatbars International as being the scam- multi level marketing scheme as deemed by the Bank of Nambia and other other countries.

The Bank Of Nambia placed a warning on Karabars International being a scam in 2019 although this scam was active years earlier than 2019 (https://www.bon.com.na/CMSTemplates/Bon/Files/bon.com.na/33/331a514a-9277-43e7-a410-6880e58d1f14.pdf and https://www.namibian.com.na/188257/archive-read/BoN-declares-Karatbars-a-pyramid-scheme).

In South Africa “the act states (Section 55A of the Banking Institutions Act of 1998) that it is the mandate of the bank to investigate persons or businesses whose business activities and operations are suspected of contravening relevant legislation.

Following an investigation, BoN established that the business practice did not have tangible products for sale to prospective members or affiliates, except for small gold-embedded cards.

The cards are purchased based on the successful recruitment of new participants, for which money is accepted as a regular feature of joining the business.” - https://www.namibian.com.na/188257/archive-read/BoN-declares-Karatbars-a-pyramid-scheme

A quick google of Karatbars International reveals substantial evidence publicized that the same techniques are used with affiliates, ICO’s, non-existent crypto banks, gold mines backing up their apparent assets, contradictory white papers, SMS fund transfers, blatant price predictions on their websites and deceptive Binance listings that never happened and multiple business ICO’s that had different tokens/coins floated for people to buy and was eventually were proven fake and also printing gold certificates. Does this sound similar to Apollo Fintech?

Further research into BCI Properties (Corbus), a realestate agency is suggested as members of Apollo Fintech including Willie are involved in this industry.

Crypto Wealth Traders is also suggested for further investigation including Willies many many many many companies with some having connections to Apollo. There are numerous avenues and holes that good old Willie can provide including Facebook/twitter accounts and pictures of him linking him to various anomalies…selling farming equipment/tractors bla bla bla….

Let's not forget researching into Bekker Leonard Projects.

On a side note Karatbars International crypto trading platforms, hiring crypto-currency platforms would reveal and interesting collage of familiar pictures that replicate that of Apollo’s.

 We now have a clear past history link to the international scam that Apollo Fintech is connected with and continues to advertize. With Willie Boshoff an Apollo Director and Cobus Swanepoel (CC Trading) publicly advertizing Karatbar International with Apollo it is irrefutable evidence Apollo Fintech are replicating the same techniques of this pyramid scam. Come on guys, advertizing Karatbars and Apollo together in the same window caught you out!

The similarity with the techniques Apollo Fintech uses closely aligns to that of Karatbars International and with persons being directly linked to a proven scam EXTREME CAUTION is advised and so is any investment with Apollo Fintech. Apollo Finch is a SCAM. Steve McCullah is a SCAMMER.


DO YOUR RESEARCH!

Apollo Fintech - Steve McCullah states outrageous claims about tax. Do not be fooled into believing you don't have to pay tax! Be very careful of the interpretation with the words Steve uses when stating "tax free".

"Apollo’s platform Knox bank will provide a golden opportunity for exchanges to have secure bank accounts for clients. The platform will also facilitate both consumer and commercial accounts. It will be possible for anyone to create a tax-free account within a few minutes to take advantage of tax benefits".

If you already pay tax in the county you live in, you will also be paying tax when joining "Knox Bank".

e.g.: Yes, if you are a U.S. citizen or a resident alien living outside the United States, your worldwide income is subject to U.S. income tax, regardless of where you live. However, you may qualify for certain foreign earned income exclusions and/or foreign income tax credits.

https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-physical-presence-test

Every country has laws similar to paying tax abroad, with exclusions of course. As you maybe permanently relocating to another country, however, these exclusions a very precise on how long you need to live away from your country of residence and why you are living abroad.

Whatever your intentions with regard to the nature and purpose of your stay abroad are relevant in determining whether you meet the tax home test, and in the US as explained under Chapter 4 of Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad.

If you believe because your "money" is located outside the country you live in, therefore you don't have to pay tax you are WRONG!

What Happens If US Citizens Don't File Taxes While Living Abroad? US citizens who don't file US taxes while living abroad may face penalties, interest costs, or even criminal charges. The IRS charges penalties for both late filing and late payments. This would go for nearly every country.

This is why it is important to consult an independent finance adviser (e.g. accountant) so you do not incur late payment fees or have criminal charges laid against you. Just look what happened to John McAfee, he was going to be extradited back to the US with failure to pay tax.  

Here is an article from dapucases.com spinning a web of deceit claiming the Commercial Bank of Zimbabwe have joined Apollo Fintech.

Do not be fooled into this scam.





Commercial Bank of Zimbabwe (CBZ) Joins Apollo Fintech Platform

After months of evidence and suspicion by the Apollo community, the results of the hard work on the back end of Apollo’s team is now glowing. Apollo is setting standards in the financial technology (Fintech) industry, and Zimbabwe is taking the lead for the development of its economy.

For a blockchain and cryptocurrency platform to weather the storm, it must innovate and create use cases that will encourage adoption on a wide scale and in various industries. Steve McCullah, Apollo Fintech’s CEO, posted in the Apollo Telegram room that soon they’ll be approximately 20 million new wallets on the blockchain. Due to the interest of nations in that region, those numbers could easily double or triple.





https://dapucases.com/commercial-bank-of-zimbabwe-cbz-joins-apollo-fintech-platform/ (SCAM)

Apollo Fintech Gsxcoin Review

Trading can be a great way to make some extra money. Unfortunately, it can also be a means of losing your savings if you aren’t careful. This is not meant to deter you–in many cases, trading is safe and reliable but only if you have the right broker. This means avoiding flashy phrases and hollow promises of outsized returns and sticking with brokers that have a solid reputation. This is why it is important to find out more about Apollo Fintech Gsxcoin before opening an account and sending money or sending any documents. Read our Apollo Fintech Gsxcoin review before sending your hard-earned cash.

Apollo Fintech Gsxcoin Review

Our trading-scam.com experts have investigated Apollo Fintech Gsxcoin and have found some reasons to pause and look carefully before signing up. trading-scam.com specializes in investigating brokers, evaluating them, and guiding our clients towards the best choices. If you have lost money with Apollo Fintech Gsxcoin consult with our experts and we can do a full investigation and can help you put together a claim that will make it easier to retrieve your funds.

Apollo Fintech Gsxcoin Complaints

Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their broker was problematic before they had already signed up. If Apollo Fintech Gsxcoin shows any of these signs, either avoid them entirely or look very carefully before proceeding:

-Not regulated
-High fees and commissions
-Not enough information on the website
-Poor communication and refusal to answer questions
-Pushy manner
-Keeps mentioning rules and fees that were not outlined in the contract
-Does not let you withdraw money from your account

These are a few of the warning signs of a problematic broker. Below, we will discuss red flags. If Apollo Fintech GSXCoin exhibits any of    these features, do not proceed without consulting an expert at trading-scam.com

Apollo Fintech Gsxcoin Red Flags: Scam Broker
Apollo Fintech Gsxcoin regulation: None

It is never a good idea to work with an unregulated broker. This is because there is no excuse for a broker not to have at least some kind of license. The lowest-tier regulators have minimal requirements and oversight, and it is not a good idea to sign up with a broker with a low-tier license. However, even in these cases, the broker at least felt it was important to obtain a license. Those with no license at all want to get away with things without a regulator watching them.

It is also not advisable to work with a broker that has a license from a regulator that is not in the top two tiers. The lower-grade regulator does not provide much scrutiny concerning those they license and do not engage in oversight or deal with consumer complaints efficiently. Therefore, it can be almost as bad as working with a broker with no license. Look at Apollo Fintech Gsxcoin’s license and ensure it is up-to-date and from a reliable regulator. If you have any questions about which regulators are the most trustworthy, consult with our experts.

Apollo Fintech Gsxcoin Fees: Hidden and Predatory

If Apollo Fintech Gsxcoin suddenly reveals there are fees for withdrawals when this wasn’t written anywhere on the website or in the contract, you can be suspicious of them. If there is transparency about fees, spreads, and commissions, you may notice they are high compared to the industry standard. To find out what the acceptable range is for fees, commissions, and spreads, you can do some research on the web or talk to our experts.

Apollo Fintech Gsxcoin Communication: Poor & Pushy

A problematic broker may talk too much or not enough or in the wrong way. Some brokers will work hard to woo people at first only to ignore them and not answer their emails once they sign up. This is to discourage them from wanting to withdraw their money if they are scam brokers.

Don’t assume Apollo Fintech Gsxcoin is legit just because they had a friendly chatbot to greet you when you first visited the site or because the broker gave you plenty of attention in the first weeks. You might have even apparently made money on some trades, but see what happens when you try to withdraw the money.

Some less than honest brokers will be pushy with clients and urge them to make certain trades. All brokers are required by law to reveal their own holdings. This prevents a pump and dump operation in which the broker will encourage his or her clients to buy an asset the broker holds until the price rises. Then the broker will sell their huge position and drive the price down, devaluating the holdings of their clients. This pump and dump strategy is illegal and Fund Recovery Experts are well-versed in filing claims in such cases.

Apollo Fintech Gsxcoin withdrawals: Can’t Withdraw Funds

The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:

-Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make         it clear he or she is in control since they hold the client’s funds

-Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing

-Cease communication. They may be evasive or simply not communicate at all.




-https://trading-scams.com/apollo-fintech-gsxcoin-review/

Steve McCullah still thinks he can start a bank. lol

Such a liar.






Take away points from his tweet back in July 21, 2020







Steve McCullah is still deceiving everyone with this Knox Bank crap. 14 months has passed since you posted this bullshit, where's your FDIC insured bank? It's always just around the corner isn't it Stevo. Excuse after excuse after excuse.


Steve McCullah #scammer #fraud #liar #con-artist

Don't forget to read Top Edge Fx report on the scam Apollo Fintech (July 22, 2020). I have published this before, but again well worth a read.


https://topedgefx.com/apollo-fintech-review-gsx-coin-scam-gsxcde-com/

Another article I wish to share. Well worth a read.


Apollo Fintech Gsxcoin Review - 30 April 2021 (https://scam-search.com/apollo-fintech-gsxcoin-review/)


If you’re reading this Apollo Fintech Gsxcoin Review, most likely you are wondering about a Apollo Fintech Gsxcoin scam. Make sure to report a scam if you have issues withdrawaing from Apollo Fintech Gsxcoin

Most consumers will read a review before making purchases on eCommerce platforms. It is perhaps even more important to do a careful check on brokers before signing up for their services. When you sign a contract with a broker and deposit your money for trading, you are giving them your trust. Do not sign up with a broker until you are certain this type of trust is warranted.

We have done a thorough investigation of Apollo Fintech Gsxcoin and want to share our findings with you. We have developed our research methods through years of working closely with regulators, banks, and government organizations connected with the financial industry. Our methods have kept thousands of people safe from broker scams. Therefore, our review of Apollo Fintech Gsxcoin is a useful tool in making sound financial decisions.

What You Should Look for in Apollo Fintech Gsxcoin?

We have created a procedure for investigating each broker carefully and to ensure they meet strict criteria. In the case of Apollo Fintech Gsxcoin, we looked at each of the following. When you are choosing brokers, keep the following in mind.

There are some categories that are crucial, such as regulations and fees, and others some consumers may be willing to compromise on, such as education and tools. The choice is yours, but keep in mind that the first two categories are the most important when it comes to staying safe from broker scams.

Apollo Fintech Gsxcoin Regulation and Licenses

Our experts can’t emphasize enough that the most important factor when deciding whether to use any broker is licensing. It is a cardinal rule never to sign up with a broker who is not regulated. Working with a broker that does not have a license offers no protection in the case of a broker scam. Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams.

One reason not to trust an unregulated broker is there is no reason not to have a license. Third and fourth-tier off-shore regulators have very lax standards and do not demand much capitalization from licensees. Simply put, even a mediocre broker can get a license from somewhere, so not having any license is a bad sign.

Since we mentioned that third and fourth-tier regulators have minimum requirements and are not strict about oversight and inspection, it is worth considering the type of license a regulated broker holds. The higher the tier regulator, the more accountability the broker has and the easier it will be to handle broker complaints. The regulator is like quality control for brokers and without oversight, a broker can get away with dodgy practices.

Apollo Fintech Gsxcoin Fees, Commissions, Spreads

The second crucial category for inspecting a broker are fees, commissions, and spreads. This is how brokers stay profitable. Always ask yourself, “How is this broker making money?” and that can guide you towards figuring out whether a broker is legitimate or a scam.

It should be noted that the best brokers make money on spreads and a few on commissions. Fees usually function as a deterrent, such as inactivity fees that encourage traders to stay active or to compensate the broker for extra efforts through service fees, such as withdrawing with a payment method the broker doesn’t often use.

However, if fees are the main way the broker is making money, that is often, but not always, a negative sign. For instance, many scam brokers will charge hefty withdrawal fees that don’t just cover service charges. Inactivity fees are normal, but if they are close to $100 for just a month or six weeks without trading, that is often suspect.

Look at the spreads and commissions and check them against those of other regulated brokers. When it comes to legitimate brokers and their commissions, fees, and spreads, every potential client has to ask themselves what they are comfortable with.

This factor, however, requires close attention because it is often the area where people can be taken in by broker scams. Read the terms and conditions carefully and file a complaint if the broker suddenly slaps on fees that were not outlined ahead of time.

Apollo Fintech Gsxcoin Trading Products

In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. This refers to anything that is regularly traded. Some brokers may offer a wide selection of trading products, whereas others may focus on one area, such as forex. Keep in mind that some types of trading, such as CFDs may be restricted in certain countries.

Apollo Fintech Gsxcoin Platform, Tools, and Trading Education Resources

Apollo Fintech Gsxcoin Trading platforms, tools and educational resources are a vital part of the trading experience. Most brokers offer a selection of MetaTrader 4, MetaTrader 5, and a version of the WebTrader platform. Some brokers offer only their proprietary platform but look closely if this is the case.

Some scam brokers restrict clients to their own platform which may not be a platform at all, but fake. Keep in mind that proprietary platforms are only as good as the brokers that develop them. Many proprietary platforms from high-quality brokers can provide an excellent trading experience.

Apollo Fintech Gsxcoin Customer Service

Attentive and helpful customer service is also a sign of a trustworthy broker. On the other hand, if the broker does not provide multiple ways of contact, such as email, phone, text, and chat and has customer support that doesn’t seem to understand trading or is evasive when asking certain questions, that can be a sign of a scam or at least a low-quality broker.

Test customer service when you are investigating a broker, but keep in mind that even scam brokers can seem friendly and helpful at first and can show their true colors later on.

Should I Choose Apollo Fintech Gsxcoin?

This broker review will give you our expert opinion about Apollo Fintech Gsxcoin. Not only do we inform visitors of whether a broker is a fraud or not but we outline the pros and cons of trading with them. Use this review to guide your trading decisions and do your own due diligence on Apollo Fintech Gsxcoin as well.

https://scam-search.com/apollo-fintech-gsxcoin-review/




This is good article with sound advice.

Do ask yourself these questions before "investing" with Apollo Fintech.

Is Apollo Fintech regulated or is registered and has a license? No
Is Apollo Fintech Gsxcoin Fees, Commissions and Spreads comparable to other brokers. No
Are Apollo Fintech Gsxcoin Trading Products (returns- ROI) realistic to other projects in the real world. No
Does Apollo Fintech Gsxcoin Platform, Tools, and Trading Education Resources restrict you to ONLY their platform. Yes
Does Apollo Fintech Gsxcoin Customer Service have an unusual amount of bad reviews (google the reviews). Yes
Should I Choose Apollo Fintech Gsxcoin? No

Too many red flags
 

TBH I do not know why I hate Apollo Fintech so much. I had to take a moment to ponder your question. 

I haven't "invested" in this scam so I have not lost any money, however I do hate scammers, but there are so many scams out there I guess I could take aim at any (a few different scams I have targeted in the past eg. Blue Hill Mining).

While on that topic of many scams I applaud you nutildah for targeting many scammers and stopping people losing their money. Kudos.

I guess when I first read about Steve McCullah it was obvious he lied. When I researched more about him I found everything he said was either a lie, or he over embellished stories of his success. Everything was smoke and mirrors.  This made me dislike him more.

Steve then just started to tell outright lies. My dislike grew.

Unfortunately as you know nutildah there are people who pour their money into these projects when really they can't afford to do so and everything is lost. It is for those people I research for and fight for.

If I can stop anyone from losing money with Steve and spread the news that he is a fraud then this is my success. I hope I answered the question

 

Damn bro, you've been putting it to these guys for a while already. Might I ask, just out of curiousity, what compels you to keep hammering them?

I feel like most of the projects that actually shelled out money to MacAfee to promote them probably had dishonest intentions from the get-go, and you have provided massive amounts of evidence this is the case here.

I would hope investors take the time to do a bit of DD before purchasing GSX -- they would undoubtedly stumble upon this thread.

Came across this article about GSX coin by Apollo Fintech. I just thought I would share. 


Apollo Fintech Gsxcoin Review 7 April 2021 - https://refundrush.com/apollo-fintech-gsxcoin-review/

Thank you for visiting our Apollo Fintech Gsxcoin Review We hope this information is helpful to you about possible issues with fraud brokers.

Are you having Apollo Fintech Gsxcoin login problems? https://refundrush.com has identified Apollo Fintech Gsxcoin as a potential scam based on a volume of customer complaints about Apollo Fintech Gsxcoin withdrawal problems. If the Apollo Fintech Gsxcoin Login page has disappeared, or if you believe you have been scammed by Apollo Fintech Gsxcoin, please report a scam via chat as soon as possible to get assistance recovering your funds.

Apollo Fintech Gsxcoin Login
Apollo Fintech Gsxcoin Withdraw Problems

Several people have complained that they either received requests to pay exorbitant taxes/fees, are unresponsive to withdrawal requests, or simply refuse withdrawals outright. Report Apollo Fintech Gsxcoin if you are also experiencing any issue with Apollo Fintech Gsxcoin withdrawals.

Apollo Fintech Gsxcoin Broker Review

One of the worst nightmares that can happen to traders is that they wake up one morning and are unable to access their account. One common scenario is that when users try to log in and are not allowed to. They may try over and over again but are not offered the chance to change their password or to be able to find the login page. As the website is down and they simply can’t log in, people start to feel that something may be amiss. They may call customer service with no response or send emails that are not answered.

This sounds like a scenario in a horror movie, but unfortunately, it occurs often. Sadly, brokers disappearing is becoming more common. If the Apollo Fintech Gsxcoin login is unavailable, that may not be a definite sign of a scam. All websites experience technical problems now and again, but if the site provides no solution to logging in, that is a good indication that you have been the target of a scam.

We have investigated Apollo Fintech Gsxcoin login complaints and have checked out this broker’s service. Our experts have done a brief intelligence report on Apollo Fintech Gsxcoin login and have found the following results. Before reading the review, you should familiarize yourself with the phenomenon of brokers disappearing and broker login problems, understand why and how it happens, how to avoid it, and what to do about it.

Can’t Login? Maybe Your Apollo Fintech Gsxcoin Has Disappeared

We all have login problems from time to time. When this happens on a reputable site, you may be asked if you have forgotten your password. Then you could be asked to input your email and will be sent a special code so you can change your password and log in.

However, with scam Apollo Fintech Gsxcoin login problems, this does not happen. You will simply have to input your username and password over and over again and nothing happens. You may think that this is a technical problem and try again later, and find the same result. There may be a message saying that the site is down due to technical problems.

However, days and even weeks go by and the Apollo Fintech Gsxcoin login still does not allow access to your account. At this point, you can feel confident that Apollo Fintech Gsxcoin is a scam, but unfortunately, by this time, they may have absconded with your funds.

Can Brokers Disappear?

This sounds like a terrible scenario and perhaps too bad to be true. Unfortunately, it is. The practice of brokers disappearing and Apollo Fintech Gsxcoin login problems have been happening for many years, and with the increase in financial fraud, it is becoming more common.

A few years ago, a high-profile currency trading broker disappeared with $1 billion of client funds. They talked a big game and claimed to trade $4.8 billion on behalf of 100,000 investors and promised gains of 1 percent a day. In the period of a year, that would be a return of 250%, which is 25 times higher than the average return of the S&P 500.

The extravagant claims should be a red flag that the broker is a scam. Unfortunately, when clever scam brokers break down the claims to 1 percent a day rather than stating outright 250% a year, it is easy to overlook the hyped-up language.

If Apollo Fintech Gsxcoin simply disappeared one day, or it warned its clients that the site would be down for a few days for maintenance and the site never came back, contact https://refundrush.com before it’s too late.


Apollo Fintech Gsxcoin is not the only one. The number of scams such as faulty broker login and disappearing brokers is increasing each year.

What Are Some Red Flags that a Apollo Fintech Gsxcoin May Disappear

The situation of brokers disappearing may seem hopeless. How can clients know ahead of time that the broker will simply take off with their money one day? The truth is, there are often plenty of red flags that indicate ahead of time that the broker may not be honest.

Some of these signs may be obvious, others may be subtle, but none should be ignored. If a broker’s login shows any of these signs, consult with our experts and if you proceed. Here are some warning signs of fraud brokers:

Extravagant claims
Unregulated
Evasive When Asked Questions
Excessive fees
No real address or contact information
Will not allow withdrawing funds
Strange terms and conditions

When brokers disappear, they usually provide warning signs ahead of time. They will make extravagant claims and promise huge returns to attract traders. It is important to know what is considered reasonable in the industry to recognize inflated promises. In addition, Apollo Fintech Gsxcoin login problems may be because they have closed and are not regulated or if they have a license, it could be from a low-tier regulatory agency.

Apollo Fintech Gsxcoin Support

Does this broker answer questions about their service? Many of our clients who have been cheated note that when they asked for information, the broker was evasive. If Apollo Fintech Gsxcoin asks for fees for withdrawals, deposit, and leaving an account inactive, check that these fees are in line with the industry. If Apollo Fintech Gsxcoin asks for a withdrawal tax, this is a sure sign of fraud.

Apollo Fintech Gsxcoin Contact

Confirm addresses and Apollo Fintech Gsxcoin contact information to ensure that it is accurate. You may find that, prior to disappearing, and if the broker did not allow withdrawal of funds except under certain conditions. This is a definite red flag.

Apollo Fintech Gsxcoin Trading

Don’t be fooled by a broker that allows you to make some money in the first few weeks. This can be a way to bait traders and lull them into complacency. When brokers intend to disappear, they will allow the trader to believe they are making money only to disappear with it and everything the trader invested later on.

Apollo Fintech Gsxcoin Platform

Make sure to check if the Apollo Fintech Gsxcoin platform is legitimate and does not have bad reviews. If the platform has bad reviews, this is a definite red flag that the Apollo Fintech Gsxcoin platform may have a general trend of allowing scam brokers.

What to Do If a Apollo Fintech Gsxcoin Disappears?

If you have difficulty with Apollo Fintech Gsxcoin login, that may be a sign that you have been the target of a broker scam. If you are having problems logging in or if your broker’s site has been inaccessible for a period of time, consult with our experts and we can provide guidance about the best course of action.

Our team of experts is thoroughly familiar with different types of scams such and broker login problems. We can spot problems early and have in-depth information about the industry. Our professionals work closely with regulatory authorities and leaders in the financial industry to deal with client complaints. Be sure to report a scam if you have had any of the above issues.


https://refundrush.com/apollo-fintech-gsxcoin-review/

Fond Memories with Apollo upselling themselves with Vimana Global ("Vimana") and misinforming them about Apollo's business and, more importantly, the technology that makes said business possible.





This is EXACTLY what Steve McCullah does. When notable people or businesses help/do business with Apollo, Steves claims partnerships, claims new members are on the Apollo team but Steve also claims full credit that it is Apollo's technology. He has been doing this from the beginning.

We already know Steve lost the court case with Jelurida copying 75% of the code, which was humiliating for them. Copyright did dictate Apollo had to provide NXT holders 10% of APL which they did do.  

Back to Vimana - that partnership didn't last long did it Stevo?




https://www.jelurida.com/sites/default/files/VimanaGlobal-Letter.pdf


Since the beginning Stevo has deceived and broken copyrights. This is you master apollonaughts! A LIAR!

Any questions?

Brainwashed shit in Apollo's Official Telegram Group






Most dangerous words spoken by a ignorant non financial adviser: "I would advise you to take control of your life savings now, before it is too late. Take your savings and buy GSX and use it as your store.". - Rhen Alfred (Telegram)

A good question was asked "So lets say there is a time when 1 gsx is redeemable for 1 dollar but it's price on exchange is 0.01 Dollar what happens then? People would buy on exchange at 0.01 to redeem for 1 dollar"? - Genera Tones (Telegram)

Unfortunately the answer was wrong...."They would buy at the low price yet redeem for the dollar, as long as the dollar is the asset value"- Rhen Alfred (Telegram)

There are no assets, it is a scam. Further more GSX is not pegged to anything thats why it is not a stable coin. It certainly isn't a "growth" coin as Apollo puts it, it keeps decreasing in value.

Prove me wrong. Where is the proof of reserve and the audit by a 3rd party? Are you really going to put your life savings in this shit without asking this?

Steve McCullah has brainwashed so many people with his lies. LIAR LIAR LIAR

REALLY?







Steve claims GSX is backed by real assets like gold mines, precious metals etc equating to billions of dollars. The problem here is he LIED.

Stablecoins are essentially cryptocurrencies that are backed by a reserve asset -- usually a traditional currency such as the U.S. dollar. The valuations of stablecoins are therefore supposed to be less volatile than other digital currencies, because they are pegged directly to a fixed, non-virtual currency (abcnews).

The reason GSX is going down in value is because it is NOT PEGGED on any asset. You should have asked for proof as I have previously mentioned (proof of reserve - proof of audit). DYOR

Crypto is suppose to be transparent. Where is the proof of reserve and the audit by a 3rd party? Hands up who bought into this SCAM!

Not me.


Whats more Steve tricks you into forging gsx and locking your coins away for years so you cannot exit from this scam. He then dumps GSX which is why the price is decreasing. It wouldn't decrease with such volatility like it is if it were pegged.

Don't get Steve MCCullahs fake Banks mixed up with






https://www.apollobank.com
https://www.facebook.com/pg/apollobank/photos/?tab=album&album_id=379211578764212&ref=page_internal

Steve McCullah the LIAR



Back in Feb 2019 Steve (Apollo Fintech) lied about opening a bank in Klerksdorp.



https://zh-cn.facebook.com/WowMagazineKosh/photos/pcb.2340532735957039/2340531499290496/?type=3&theater


In Nov 2019 Steve also mentioned this stating “new Decentralized Apollo Bank location has opened in South Africa. Iron Lady Wilkoppies in Klerksdorp, South Africa now accepts Apollo all-in-one currency (APL)”.  





He then furthers his deception claiming in July, another Apollo Bank opens in Turkey:

Osmanağa Mahallesi
Süleyman Paşa Sk. No:27/B
34714 Kadıköy/İstanbul
Turkey




And then in March 2019, he claims another Apollo bank branch opened in Mossel Bay, South Africa — about 250 miles east of Cape Town.



https://apollofintech.medium.com/new-decentralized-apollo-bank-opens-in-south-africa-2b6e25c46001




Let’s not forget Apollo’s claim to have a bank in Australia.






Conclusion

Since 2019 Steve McCullah falsely claims to have multiple banks in operation. This is deception, there are no registered banks with Apollo Fintech in 2019. Steve again cannot tell the truth. These are Steven words...we have opened a bank!

This is the CEO telling you a lie back in 2019. It is in black and white. Did you buy in with this false information? This is fraud.

Steve likes to make outrageous claims, illegal statements to make himself more important so he can steal your money.

22/08/20

Steve McCullah


I want to make sure this gets sent to the right people, so please feel free to spread this around.

We have been told that some of these pathetic, absolutely obsessed psychopaths are trying to contact Goverment’s to somehow prove we are a scam.

First of all, if we are working with a Goverment then wouldn’t that show, in and of itself, that we are not a scam!? Obviously if we were a scam with no products then why would we spend the immense time and resources to court one Goverment, much less many?

What this shows is that you know we are legit but you don’t want us to succeed because you are too fueled by anger. You would rather destroy the lives of thousands of people than for us to succeed because it goes against your idiotic, depraved narrative.

I want to make it known that if someone does this, we will be made aware immediately and given the information of that person. We have several million dollars and a legal team set side just for this type of thing. Why do you think so many media organizations have published public apologies?

My promise is that if when we find out someone is actively trying to sabotage us and defame our name, even once, we will lock onto you like a leach and sue you like there is no tomorrow. We will make it known to the world, we will call you out to everyone and we will never stop suing you, we will sue you until there is nothing left but ashes and we will assign a legal team to watch those ashes until there is any microscopic sign of life, as soon as there is we will sue the hell out of you again until you don’t have a dime to your name. We will do this without thinking because you are messing with multimillion dollar contracts and something that will affect millions of lives.

If someone wants a war we will sure as hell give them one.

We have already been give names and we have handed those to our legal teams, we are going to start calling these people out and dropping lawsuits. We will be calling employers, we will be bringing them into the situation.

Don’t pick a fight with a bull if you don’t want to deal with the consequences. We will never stop, not until they are on the streets. We just sent out subpoena’s to Telegram and Twitter. We will expose and destroy.




Do you remember the above Stevo? Nothing happened. Why do I wait? Why do WE wait, for we are many. 
I look forward to you walking the walk instead of talking the talk. My advice is to find a new legal team that moves faster since we are in 2021.

Liar Liar Liar Steve McCullah







27 Aug 2021- Statement form the reserve Bank Of India

"Today the Governor of the Reserve Bank of India, Shaktikanta Das, spoke to CNBC about its plans for a central bank digital currency (CBDC), saying it may be ready for digital rupee trials by the end of the year...However, the bank is keen to tread cautiously to ensure it’s not possible to clone the digital currency...But it seems that many typical CBDC decisions still have to be made, and some of them are needed for trials. That includes whether the central bank should issue the digital currency directly or do so via commercial banks".


And most important:

"The central bank also has yet to choose whether or not to use blockchain or distributed ledger technology (DLT) or use a centralized system".

After reading that, it look's like Apollo Fintech (Knox National Payment Platform) is NOT in the running according the the Central Bank of India. Wow Steve can you be any more dishonest? lol

"Another motivator is concern about stablecoins and cryptocurrencies. Most stablecoins are denominated in U.S. dollars and the central bank is keen to retain a “public preference for the rupee”.



Quote(s): https://www.ledgerinsights.com/india-central-bank-may-start-cbdc-trials-in-late-2021/


Steve McCullah is a LIAR. This is a SCAM SCAM SCAM SCAM




more info:https://www.cnbc.com/2021/08/27/india-central-bank-rbi-digital-rupee-trials-could-begin-by-december.html

Steve McCullah is a LIAR.

Can I be more clear with this?



On Apollos Official Twitter:








On Behance.net:
https://www.behance.net/gallery/107700797/Billboard-Mockup-Free-Download





It just took Google Image reverse search...come on guys.....


SCAM SCAM SCAM SCAM SCAM


EDIT: Apollo Fintech deleted the link off the Official Telegram group to hide their LIES! All mention of this was removed to stop the truth. Something to hide Apollo? LOL

WARNING INTO PREVIOUS CLAIMS: 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


This is Apollos first claim to real mines. The author of this paper confused the UTM coordinates and labelled them as eighteen claims LOL Hands up who bought into this scam? Not me.






Now we have an update on the SO CALLED mining claims (https://www.gsxfintech.com under Geological Reports):



GEOTECHNICAL MINERAL EXPLORATION OF KAROI COPPER QUEEN CLAIMS- Apollo Copper Technical Report 3.9.pdf





The 27 individual claims are reportedly found within the following Arc 1950 UTM grid coordinates;

North West 35K 0786000
                 UTM 8118000

North East 35K 0802000
                UTM 8118000

South East 35K 0802000
                UTM 8108000

South West 35K 0786000
                 UTM 8108000

The following are the coordinates for the above locations (https://www.movable-type.co.uk/scripts/latlong-utm-mgrs.html)


Reported UTM coordinates (wrong):               Lat/Long                                                     MGRS Grid Reference

1. 35 S 0786000 8118000      17° 00′ 15.7298″ S, 029° 41′ 10.0279″ E           35K QB 86000 18000 
2. 35 S 0802000 8118000      17° 00′ 08.3949″ S, 029° 50′ 10.5390″ E           35K RB 02000 18000
3. 35 S 0802000 8108000      no such entry/same as above                         no such entry           
4. 35 S 0786000 8108000      17° 05′ 40.7922″ S, 029° 41′ 14.6774″ E           35K QB 86000 08000

The pdf is a report on the apparent 27 Copper Ore Claims are referencing mines from 021047 BA...021157 BA. The author quickly states these "claims are 27 Special Grant Applications, totaling over 10,000 acres". Either these are claims, or now Special Grant Applications?? - who now knows? This is just adding more confusion. This pdf paper continues to read as if these were mining claims.

As you can see above, the author of this paper is confused between the UTM coordinates and the MGRS Grid Reference combining this data.

From the various locations we can see the "mine" coordinates the author claims Apollo Fintech have. Each corresponding number 1-4 match the lat/long coordinates as the author reported them. What we notice is the corresponding mines are NOT located in the area where Apollo Fintech are claiming they are.   

1.


2.


3. no such entry/same as above


4.




For map orientation the author suggests the claims are here:




And a more detailed zoomed map for the Geological Report:








Conclusion

The author of this Geological Report has made mistakes regarding the MGRS Grid Reference and UTM Coordinates combining these numbers and causing confusion. After an analysis of this report we can demonstrate the so called "mines" Apollo Fintech are claiming are in fact located elsewhere as seen in the diagrams.

THIS IS A SCAM

John McAfee: antivirus entrepreneur found dead in Spanish prison


McAfee’s extradition to the US on tax charges had been approved hours earlier






https://www.theguardian.com/us-news/2021/jun/23/john-mcafee-dead-spain-prison-extradition


One of your promoters died Apollo

Apollo Fintechs Next Marketing Scam








The biggest referrals get the biggest prizes.


Prizes:

2 Tesla Cyber Trucks
2 Super Cars
$3 million dollars in gold and crypto

And to kick it all off, Steve is giving away $20,000 worth of GSX Platinum…LOL


Watch the below video for a laugh...Steve says stay tune for more info…


https://youtu.be/0nHgtDR5A9o






Im going to let you draw your own conclusions....cough....cough

The Worst Kind of Crypto Youtubers: RUN GUYS


Now that I am able to post in this subreddit, I want to bring a YouTube channel to your attention that I have despised for over half a year now. Some of you veterans may have heard about them, their name is RUN GUYS.
To make it short, RUN GUYS is yet another crpyto YouTube channel that banks on peoples desire to get rich quick. They prey on new and naïve members of the cryptocurrency community to get as many clicks as they possibly can. This is the truth about a lot of crypto Youtubers and it's honestly one of the worst aspects of our community.
So what have they done? RUN GUYS and a list of other terrible YouTube channels have been shilling con artist Steve McCullah's new sh*t coin GSX. Some of you may remember Steve McCullah from the Apollo Currency scam a few years ago. It seems he has once again rebranded his garbage and re-released it to the world of bag chasing noobs except this time under the name of Apollo Fintech. Besides the fact that we can confirm none of what they claim on their website, their crypto currency isn't even listed on any exchanges.
We all hear about the mainstream pump and dump schemes like safemoon and dogecoin, but there is a whole other world of scams and the people endorsing them have hundreds of thousands of followers.
TL;DR Be aware noobies, a lot of big crypto youtubers are terrible and will lie to you to make money.

https://www.reddit.com/r/CryptoCurrency/comments/mwjv9f/the_worst_kind_of_crypto_youtubers_run_guys/


NB: This was posted before GSX was listed on Bitmart



Who are the Run Guys?







Just in case the picture is blurry:







And here are the following tweets from ApolloFintech:







and






Draw your own conclusions from this.

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.

Without looking too far in similar cryptocurrency scams you can take a look at SAFEX, another coin endorsed by John Mcafee.
Daniel Dabek owner of SAFEX is also Liberland Ambassador for Serbia, Daniel and other scammers from Onecoin, Dascoin, Netleaders, & more are promoting their scam in the official Facebook page of the embassy.
https://bitcointalksearch.org/topic/m.56099244
Seems like those scammers are following the same agenda of scamming innocent people.
Remember when Liberland president was scamming refugees offering them passports for 10k USD.
http://sombor-blog.de/how-liberland-abuses-refugees-and-fools-the-world/
Apollo will probably do the same & scam poor Africans with fake United Allied States passport.

Confused about UAS (The United Allied States)?








The United Allied States is an invisible country, where Steve McCulah is the President (https://uas.govt.agency). I'm going to wait a while for people to digest this if you haven't already heard.

The only additional fact I will add is where do you think UAS is located? Thats right AFRICA!

Steve is the president of a country that doesn't exist providing a non existent budget to buy an invisible plane. I don't have anything much to say about this non existent topic. 

Just remember Steve is all smoke and mirrors.

This was posted by Steve McCullah Jan 16th 2021 on official APL - GSX Community Telegram





Have you been employed to clean the aircraft Steve and then are you going to pretend that you were invited to be on the plane? Maybe a media pass lol. Take some videos, take some pictures on a plane and pretend you are bigger than sh*t.

What ever take you have on this Steve, it is all SMOKE and MIRRORS.

Why is Apollo built on a LIE?...Come on Steven Mccullah everytime you open your mouth it is a LIE!  







My reply:


RapidChain introduce Fast Cross-Shard Verification”… a novel technique for partitioning the blockchain such that each node is required to store only a 1/k fraction of the entire blockchain”. pg3. RapidChain: Scaling Blockchain via Full Sharding. Mahdi Zamani, (Visa Research) Mahnush Movahedi (Dfinity) and Mariana Raykova, (Yale University). Stanford Blockchain Seminar August 2018.  

https://eprint.iacr.org/2018/460.pdf. On pg 4 - take note of the storage, data from 2018.

Hung Dang, Tien Tuan Anh Dinh, Dumitrel Loghin Ee-Chien Chang, Qian Lin, Beng Chin Ooi National University of Singapore. Towards Scaling Blockchain Systems via Sharding 12 March 2019 - https://arxiv.org/pdf/1804.00399.pdf

Eleftherios Kokoris-Kogias,Philipp Jovanovic, Linus Gasser,Nicolas Gailly, and Bryan Ford. OmniLedger: A Secure, Scale-Out, Decentralized Ledger. IACR  Cryptology ePrint Archive (2017).



Conclusion

What can I say, it's in black and white. Apollo is not the first for database sharding.

All those coins endorsed by McAfee are scams
https://twitter.com/officialmcafee/status/1147856728744255490

Take a look at the scam SAFEX, the founder of this shitcoin Daniel Dabek aka xorlogic https://bitcointalksearch.org/user/xorlogic-660653 abandoned his thread https://bitcointalksearch.org/topic/ann-safex-safe-exchange-coin-website-wwwsafexio-1258419 and stop answering questions about his scam, he don't answer why his multiple twitter accounts got suspended or why they got delisted from Coingecko, he also banned most of the SAFEX investors from the SAFEX discord & he keep silence while his ponzi scam colapses.

He is getting help from Onecoin & Dascoin scammers, last comment in this forum he said i was a criminal for asking questions.
Mcafee promoted the SAFEX scam & gave very bad financial advice.
https://twitter.com/officialmcafee/status/941569546367807489

Those SAFEX and Apollo criminals deserve jail.

OP, I didn't read this entire thread in close detail but I get the gist of it and I applaud you on providing all of this information.  The thread is old, yet I don't remember it and this is the first time I'm reading it--and it sounds like this guy/team was the stereotypical ICO scammer who's now moved on to other disreputable methods of fleecing idiots and ignoramuses for their money.  And even just those who put too much trust in people, and that's the worst type of victim.

Jeweled pet collars?  Jesus.

Here is an article about the SCAM GSX from https://topedgefx.com/apollo-fintech-review-gsx-coin-scam-gsxcde-com/



Apollo Fintech Review: GSX Coin Scam (gsxcde.com)

Apollo Fintech (gsxcde.com) claims to offer a coin known as GSX which is also backed by Gold, Land and US dollar reserves.
The current price of GSX coin is $0.046 (july 22) and this price is apparently going to increase as more assets are added.
Apollo Fintech is confident that investors of GSX coin are going to achieve guaranteed high returns which are paid in yearly dividends.

According to their own speculations, the value of GSX coin is going to increase by 500% in 2021.
These projections are suspicious because they’re not based on any hard data.
In addition to this, Apollo Fintech is inviting investors to buy GSX coin today on the promise that they’ll get a 60+ bonus.

Unfortunately, there are serious issues with this project which is why we can’t include it into our list of recommended trading and investment resources.

Apollo Fintech review

In this review, we’ll let you know whether gsxcde.com is a project you can trust or not.
Is Apollo Fintech Legit?

No, this project is not a legit investment and those who actually buy GSX coin will all lose their money.

Our observation is based on the following facts:

The website is offering guaranteed and super-high returns.
The claim that GSX coin is backed by Gold, land and USD reserves ($1.4 billion) cannot be verified.
Ownership information is not known
This coin launch requires SEC approval which they do not have
Appollo Fintech has the hallmark of a scam
The GSX coin scam

GSX coin is a worthless Cryptocurrency not backed by anything.

But the lie that surround this coin will convince you that it is very safe to purchase the coin.
The truth is that no independent audits will be done.
No 50% of unsold coins will be burned. Dividends won’t be paid either.


Can you recover money lost through Apollo Fintech scam?

If you’ve lost a significant sum of money to this ponzi scheme, you can recover your money.
Simply visit this page and sign up...https://mychargeback.com/consultation/?a_aid=151014


Conclusion

This scam will definitely suck many people in and even trick them to invest a lot of money.
What you must know is that the website is not offering a legit Cryptocurrency worth investing in.
They will probably scam you by disappearing and leaving you with nowhere to sell your coin or recover your USD.

Thanks for reading!


I have some addition info to help people connect some more dots.



https://contactout.com/Stephen-McCullah-33668568


We have Steven connected to the fake company/website Tsavari. The website claims to be a South African Mining company. It is fake. The rest of the webpages lead to weird unrelated data and is unfinished.

Steven company Tsavari is in retail,  pretending to be involved in mining. lol

The we have Steven linked to Deluz Diamonds LLC (https://opencorporates.com/officers/179417020), and as seen in the above image.


This lead me to evanscollars.com:






Does this sound familiar???

“Evans Collars has since expanded into different markets with it’s sister companies including: tourniquets, medical bags, military equipment, law enforcement gear, tactical accessories, as well as custom projects for many different clients such as Wal-Mart, Dollar General, US Military, etc…”

His link with the company CCMMUSA.com is a sister company, kept within the family and has a similar description as above…”CCMM inc. specializes in class 1 medical manufacturing. Since 1985 CCMM has been manufacturing in the heart of the USA. We have produced a wide variety of products for pets, law enforcement, emergency medical personnel, military and hunters. Some of our clients include Walmart, Harrods, Dollar General and TJ Maxx. We have designed products for
NYPD, LAPD, Homeland Security, the U.S Military and our allies.”

Then, as we can still see in the first image, Steven McCullah has bachelor degrees @ Dury and @ University of Missouri-Kansas City School of Law. But of course as we know, Steven LIED.

Then we have Deluz Diamonds LLC…more on precious metals…what can I say? Random posts all over the net.

Then we have him as a owner of Diamond Trading Company in West and central Africa. Is anyone connecting the dots here? Precious metals in AFRICA!

Steven uses company names that are similar to REAL COMPANIES in the same industry or create fake web pages/links hoping people won’t investigate further.

If you review Steven on https://opencorporates.com/officers?q=McCullah%2C+Stephen you will find him also linked with Skylark Inc. This company was with Kyle Hornback (Yes he is with Apollo) and that was the company setup for the Gold Mining Game that lets you mine real gold? Yes it is now one of Apollos projects they are trying to rebrand (and the other software).

Im still waiting for your reply Steven about Apollo originally being a charity? You lied and had to shut that down. I was right.


Conclusion


Steven Mccullah over extends into fabrication his business involvement. He lied about his qualifications. His company names are the same or similar to real companies in similar industries he is trying to push in order to DECEIVE.

Most of the businesses he was involved with seem like family businesses and he claims responsibilities beyond him.

Steven has been doing this for years pretending to be involved with precious metals and people are falling for this. He copies company names or makes his company names sound similar, they are NOT.

So, how do you feel now holding Apollo coin or GSX? You bought from someone who has been scamming for long time, deliberately deceiving you.

Steven are you qualified in anything?, oh yes....BULLSHIT.






Just a hint...this took 10 mins for the above research...waybackmachine
You can follow all the names business owners names....Brandon, Betty, Jacob, James and Robert and Steven Mccullah.

Steven Mccullah


Steve back in 2018 Claimed to have two bachelors degrees in premed studies from Lamar University and a bachelor from Drury University as shown in his Linkedin account June 2018 (https://youtu.be/KDrQUI9qKqQ (starts @ 5min 25sec).

https://www.linkedin.com/in/stevemccullah/

He was called out over this and quickly changed his account and denied everything. Here is Steven Mccullah attempting to explain why he lied about his credentials. A extremely poor rebuttal from Steve. Just embarrassing, all he says is “look everyone heres my Linkedin and I deleted the words bachelor to prove I’m right”. LOL  -  https://youtu.be/KDrQUI9qKqQ (starts @ 7min).

While we are on the topic of his credentials lets have a closer look at the companies he listed.

Chief Executive Officer for Tsavari for Sep 2012 - Sep 2016. Company Number:LC001415620
https://opencorporates.com/companies/us_mo/LC001415620

Company was active between Aug 2014 and Aug 2016. Steve again has his information wrong or lied, whatever you decide. Please note the Business Classification is Retail Sales.

I would hate to think that Steve Mccullah thought he worked at Tsavari.co, a South African mining company involved with alluvial gold. It would be deceptive to think he would insinuate or suggests that he worked here.


Here is the Gold Company Tsavari in South Africa:






Here is Steve Mccullah Tsavari business in retail:




Hey look same logo and Name! Scammer Steve strikes again. Very scammy to use another business logo in the same industry  you are trying to do business in Steve! . Sort of Conflict of Interest..or just a SCAM? Oh wait is https://www.tsavari.co actually even real? Its an unfinished website that also offers guidance coaching. LOL  RED FLAGS


CCMM INC


A quick review ofCCMM INC on Steves Linkedin:

The logo matches with the website: https://www.ccmmusa.com with their https://www.linkedin.com/company/ccmm-inc/about/ profile. The business was established in 1985 (https://opencorporates.com/events/480431879).

In July 2016 a name change was made from COLLAR CRAFT AND PETITE ORIGINALS, INC.' to 'CCMM, Inc.' and at the same time Steven Mccullah took the position Vice President.



Here is a picture from Linkedin of the current owner of CCMU (2021):








Everything seems to look ok, it looks like a family business with different family members taking various company positions.

We have Brandon, Betty Jacob, James and Robert and Steven Mccullah all involved. Seems legit.


Kick Starter

I have already brought this up before. In 2012 he raised money for an expedition to Congo. Long story short the money disappeared and the investors are still trying to get their money back.

https://www.kickstarter.com/projects/817864170/new-species-expedition-to-congo/comments?cursor=11233633#comment-11233632

“The project’s CTO, the Ukrainian Sergey Rokhvarg, is of even more interest. He’s the public face and director of the Ukrainian company Universal Information Technology (UIT), which corrupt high‐ranking Ukrainian officials use to launder funds from the state budget and Ukrainian state corporations”. Link below provides further info.

https://ffc.media/news/пocлyжнoй-cпиcoк-кoмaнды-apollo-currency/


Conclusion

In conclusion Seven Mccullah lied on his profile having two bachelor degrees and removed it from his  profile. He could not explain why he lied.

To add more RED FLAGS the logo used in his Tsavari retail business is the same logo as a Gold mining company in South Africa.  

The kickstarter missing money definitely does not look good for Steve nor does the connection with Sergey Rokhvarg.

You can make from this what you will.

To me everything you write here is not new.
Apollo and Stefan is the biggest fraud/scammer.
Fuck him and his crypto firm.
Actually I should say, he should go and fuck himself

Looking at the Apollo chart, it took the course of every project ever endorsed by McAfee...



I mean the guy's in jail now so its kind of a moot point to kick him while he's down. But obviously McAfee's presence is a perfect reverse barometer for judging the long-term strength of a project. I've known that for a couple years but its astounding how absolutely every project he ever put his name to either

a. flat out flopped
b. was a scam.

CCN even had to issue an apology to Apollo and McAfee for running an early story about how Apollo was cloned from NXT... seems like they were right the entire time.

Jelurida (JLD) Wins Court Case Against Apollo

On Sept. 22, a Dutch court ruled against Apollo for cloning over 75% of its code from Jelurida’s Nxt (NXT) blockchain software. Apollo breach these conditions by adding their proprietary license over JLD's license in Oct. 2019..."Apollo [has] to fulfil its obligations under the JPL in respect of Jelurida, immediately after this judgment has been served, in full and unconditionally, within the territory of the Netherlands".

Apollo must disclose information pertaining to the distributed Apollo Software, such as sales prices, profit calculations, and names of all people involved. Apollo must also pay the legal costs of Jelurida of €38,780.73. After this case Apollo has voluntarily dropped the lawsuit against JLD in the US (Texas).

Court papers found here:
 
https://www.jelurida.com/sites/default/files/Jelurida%20v%20Apollo%20-%20Judgement.2020-09-22.pdf




https://newscolony.com/court-finds-blockchain-firm-guilty-of-license-violation-but-ceo-vows-to-fight-back/
https://www.jelurida.com/news/court-finds-apollo-liable-for-license-violation-copyright-infringement

APOLLO:GSX COIN


It still doesn't look good for Apollo. I have written about regulation inconsistencies with Apollo since mid 2018 . aplfintech.com is an attempt of a rebrand to attract more victims.

It takes 5mins to look into this GSX coin before confidence wavers and then begins to plummet. Let’s review the Marume Resources t/a Virtuous Environment Apollo Fintech Technical Report for May 2020.

Search criterion: Image reverse search and cellphone number.




(https://aplfintech.com/wp-content/uploads/2020/07/apollo-fintech-technical-report-2.0.pdf)



This is Munyaradzi Otis Marume.


You may know him as Dr Otis…or the Consultant.



https://www.instagram.com/dr_otis/




or Forms Land



https://twitter.com/itsforms


What is this about Super Life STC30? Absolutely no controversy with this project he is pushing, right? Still feeling confident in your GSX investment now?


https://www.linkedin.com/in/munyaradzi-otis-marume-248a8333/


Don’t get me wrong, I’m not saying Munyaradzi Otis Marume is a scammer so don’t go hating him. Rather I’m asking the question, how confident do you feel with apollo-fintech claiming a multi-million deal with the Commercial Bank in Zimbabwe (CBZ) based on a mining report by an IT consultant who is heavily involved in a controversial multi-marketing product?

Then a quick review of the Virtuous Environment Apollo Fintech Technical Report references reveals what?

This report was written in 2018 - M. Marume (2018) (Unpublished) Preliminary report on the Geological evalualation (sic) of the Kazangarare Gemstone Belt, Magunje Communal Lands, Karoi, Zimbabwe. This report was written before this whole thing was fabricated, during a time Apollo Fintech didn’t exist and during their regulatory mishaps and copyright infringements. Hows your confidence now in GSX?

yes its a scam i lost 500 usd in it 

Not entirely sure that is how that works, but this is entertaining to watch at the very least.

Remove your stupid post or we can do a class action against youre infamous stupidity !!!!!
Specially if you're unable to send the right amount of coins to buying ! (Looser)
Actually I'm really glad to haven't you seated on our starship 👊
#MindShadowItsScam🚾🚾🚾

wallet wont sync?

Your mother got scammed before getting you !!!!! Kiss ours golden assets 💣

If there are any further questions regarding the legal structure of the Apollo Foundation please forward these to [email protected]

Hi Crypto-Info, I have to say that I’ve read your message with very much interest. I have passed it to the Apollo Executive Team and asked them for an answer/point of view. This is what I’ve received from them:

“We raised money from private investors as well as had the financial backing of our strategic partners. We had originally considered distributing via airdrop only but ended up deciding it would undervalue Apollo as a currency. We had enough funds available to complete the minimum stated timeline before we started the coin distribution event. We did not start the CDE as a fundraiser or crowdfunding campaign and its success will not determine the outcome of our end product. Regardless, we will work to complete Apollo in its entirety.”

Regarding the CDE / ICO question this is the answer that I have received from the Apollo Executive Team:

“No one from the Apollo team would have been qualified to answer the questions that were brought up to them. Most likely these were answered by Telegram Admins that had not been trained on the legalities.
Furthermore, we are set up as a non-profit corporation and have applied as a 501c3 tax exempt corporation but have not received a final verdict on acceptance of tax exempt status. Regardless, we are a legal structure set up as a non-profit corporation. The person that said we had not applied obviously did not have the knowledge or authority to do so.”

I have received an answer(s) to various questions asked about the Apollo currency, and these were answered via Telegram.

ICO/CDE

As stated by the Apollo team the Apollo cryptocurrency is NOT an ICO but rather a Coin Distribution Event (CDE).
So let’s look at a definition for an ICO. As stated by Wikipedia it is a means of crowdfunding centered around cryptocurrency (https://en.wikipedia.org/wiki/Initial_coin_offering), and correct me if I am wrong – isn’t Apollo crowdfunding, therefore it is an ICO? It does not matter what the funds are for, crowdfunding is just that: raising capital, it also doesn’t matter if you have already previously raised capital.  

Let’s take this a step further and investigate what the local authority (legally) might suggest the outlook would be before discussing the Apollo teams response.

From my understanding and being told by the team, Apollo is based in the US, Texas. On the website an address is supplied for their Customer Support giving a Texas address: 4001 S. Shary Rd Suite 300, Mission, TX 78572. The jurisdiction is Texas, US so let’s review some recent history in this area with crypto.

The Texas Securities Commissioner would only be interested if the crowdfunding was deemed a security. A non official description of a security would be an individual expecting a return (ROI) from an initial investment such as a cryptocurrency received for fiat. This is not just limited to swapping fiat for ownership in a company (ie shares), which is deemed a security, but covers a wide range of aspects. Let me inspect these aspects in regards to crypto.

Bitconnect as we all know is currently one of the largest fraud investments in the crypto world.  It had many failings and the Texas Securities Commissioner specifically pointed out how Bitconnect was a security. I will only cover those points that are similar to Apollo.

Bitconnect did not state what the crowdfunding was for and was one of the reasons to be classed as suspicious, however, Apollo does inform us. The point here is it does not matter what you do or don’t state the funds are for, capital raising is just that, raising capital.
Changing the definition to a CDE is still raising capital and subject to local jurisdiction laws. It is not what the capital is raised for but the act of raising capital. To reiterate the point- if you have already raised initial capital for a project and you raise more funds this does not change the definition to a CDE in the eyes of the SEC.  Let’s look at some historical events that made a cryptocurrency a security.

The Order from the Commissioner alleged Bitconnect marketed tokens through an ICO 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”. Does this sound familiar? 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)

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. Via Telegram the Apollo team advices me that Apollo is Proof of Stake (POS) offering a Leasing system, or as the team states “forging” generating an income from transactions fees. This is also mentioned in the whitepaper located on the Apollo website.

My interpretation from published material based on this historical event unfortunately leads me to believe that Apollocurrency will also be seen as a security.

Just on a side note, 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 BTC through POW with the Bitcoin network. POW is used to secure the BTC network as POS is to secure the Apollocurrency. There is no differentiation between making income from POS or POW, only the fact it is a passive income making it a security. It was not just Bitconnect that was issued a Cease and Desist order for generating a passive income but paves the way for all future cases to be marked as a security in this jurisdiction.

Now we have looked at what the Security Commissioner says a security is lets look at the team’s response to what the difference is between a CDE and ICO.

Apollo’s version of an ICO/CDE

I quote from Telegram via the Team; “the key difference with a CDE we are a non profit meaning that all proceeds from the CDE will be used to build value in Apollo, marketing being new upgrades etc”. I further pressed how they see the difference between what they see an ICO is and a CDE.

“A CDE is a coin distribution event, where we are not seeking funding from the public in exchange for securities in order to build something in the case of crypto they will put out a white paper based on the potential technologies they want to spend the money to build. In return for your money they will attempt to build this tech, in most cases these are never followed through. We have already got our own funding to build the tech and the tech has been built, we are just distributing the coins now so that as many people as possible can have it, it’s a mechanism for distribution”.

I understand they don’t want to seek money for a security but based upon why Bitconnect and USI-Tech Limited was issued a Cease and Desist Order I believe otherwise. If it were only a mechanism for distribution then only an airdrop would be necessary.
The Apollo team responded “we cannot exclusively only distribute through airdrops, where would the value be in the coin if we have it all for free? The CDE is there because all the funds will be used to build value and operational costs and more technical upgrades so that this coin would always be ahead of the competition”. My response was supply and demand dictates value.

If funds are to be used to build value and operation costs then how can this be non-profit? By taking a fiat to add value with advancing future projects that increases value to Apollocurrency isn’t profit taking then, what is? It is certainly not non profit otherwise no-one would swap fiat for Apollocurrency. No-one is donating to a charity. Am I wrong?

The fall out from being a security is you must register with the SEC and anywhere Apollocurrency is found, that is to say the Exchanges Apollo is listed on must abide by KYC laws, if not it will be delisted.

Apollo’s argument is because they are non-profit they are exempt to being a security. This brings me to my next question.

(Just a side-note, Bitconnect was registered in England not the US and look how the domino’s fell….).

Non-Profit Foundation

My next question was why I could not find this project in the database for Non-Profit Foundations in the US? The answer was because they have not applied. I also mentioned that there is no pending paperwork to do so and was told that this was correct as they have only been operation for 5 weeks (as at 9 June 2018).  

I do not wish to even indulge with the time frame stated but in order for a massive project like this to work and to code all the wallets, website, writing the whitepaper and gathering the team they have certainly been going for more than 5 weeks.

My gripe here is they are being promoted as a Non-profit Foundation when in fact by the team’s admission they have not submitted any paperwork or even registered.  To me this is deceiving and using a Non-Profit Foundation as a way to circumvent being a security is plainly incorrect. You can see here (https://youtu.be/7iXMbUvC_2o) on this promotion for Apollo on YouTube that the Apollo team again uses this as a reason for it not to be a security.

A non profit organization is a charity that donates funds to support other organizations or to fund itself for charitable purposes. It is not to fund future projects or technologies to further the Apollocurrency or the associated platform(s) as they have stated. Even if the technology is already designed the fact remains the funds are used to further the project.

The Team

I have investigated various team members, even using Google Image Reverse Search, reviewing their Facebook profiles etc and the team seem to be real people. This is encouraging as so many projects are anonymous. The CEO for Apollo is Viktor Komovalov (https://www.linkedin.com/in/konovalovxclv/) who is in the Ukraine. I don’t know what he is the CEO of since Apollo isn’t a corporation or non-profit organization but I will leave that up to you to decide. What is good to see is a personal Facebook link showing personal pictures etc of different members making them easier to track down. It would not make sense if this were a scam to have links to these accounts.

Conclusion

Personally I do not believe this is a scam, however I do believe with past historical Cease and Desist Order’s issued, Apollocurrency may also be seen as a security. Claiming to be non-profit and not even being registered does not circumvent around what a security is and in my opinion deceitful to the general public.

What they do have going for them is a real team but I will stand corrected if any evidence is presented to the contrary. I have not spent a huge amount of time investigating the team but from my limited research they seem to check out.  

My purpose here was not for spreading FUD but concern for the definition of a security and to encourage a discussion and clarification on this topic.

I have been involved in crypto for many years and what I have seen is Coders/Developers trying to run a business model or to bend rules to make ends meet. This simply does not work. Claiming to be non-profit to be not classed as a security doesn’t seem to fit recent past rulings.

It is good to see a mix of legal and PR people being part of the team but it does concern me certain aspects may have been over looked. I do admit the team member(s) I received my information from are not part of their claimed legal team, thus incorrect information may have been relayed to me but I do invite a response from the Apollo team.

If I have misunderstood any information in what the Securities Commissioner deems as a security is in regards to crypto I invite anyone’s response to correct me.

If this project takes off I do believe it will be a top contender but remember my argument isn’t that it’s a scam but rather misappropriation of information for circumvention purposes.  

https://www.apollocurrency.com/forum/apollo-currency/general-questions

https://picload.org/view/dapcllgl/whatsappimage2018-04-04at19.22.jpg.html

Wow didnt expect that you use the same name ...

The next time you want to scam something down do it a little bit better.



So guys hopefully you will see that apollo is no scam!

https://i.imgur.com/wyvB3rd.png



https://i.imgur.com/sZM3SPW.png



https://i.imgur.com/BU760OH.png



https://i.imgur.com/GkyQElV.png



https://i.imgur.com/DJBkxzi.png