Topic: Are BanxShares as good as GAW Paycoin? - page 4. (Read 47095 times)

Excellent to hear that, I'm not an investor just stumbled upon Banx after a giveaway but became fascinated with how much of a scam it seemed to be. Sadly I was right and followed this collapse all along. I'm really sorry about people losing their money, more than 100k investments! On the other hand, I really can't believe people are so gullible, just look at the guy and their sites, it's all bullshit, entrepreneur action? What? lol...

He deleted his post on Facebook and therefore all the comments that went with it.

I saw four of the comments he got before it was deleted:

*Begin copy/paste from FB*

Commenter number 1
Think you should hold your hands up and be a bit more truthful Mark. Half a million dollers investment and u created fuck all. Most investors are going to be wondering where the money has gone coz i believe you used Banx shares to pay for the exchange and other services etc. It was only one month ago you were mivering me for more money for investment when you know the company had already collapsed. I can honestly say the trolls were 100% correct, you were running a ponzi scheme and u were caught out. Everything they said was true and the worst scenario for investors has come to pass. I think you owe investors some detailed transparency of where the funds have gone coz as i've said u created next to nothing with alot of money. I hate to say this but its true, your monthly updates in videos etc have proven you to be either full of shit or your living in some kind of dreamworld. I hope you do the correct thing and produce some legitimate transparency where investors can see that you have'nt spunked the investment on other things. Most people as you said yourself invested in you, what a mistake this has proven to be

Commenter number 2
I couldn't have put it better myself

Commenter number 3
Well said Commenter number 1! Turns out the so called trolls have been right about this clown all along! He's spanked away half a million dollars and told us nothing but a pack of lies from day 1. My friends and I invested over £100k into this shambles of a company. I wonder how much of our money he actually has left in his bank? That's a nice big house he's sitting in, who's paying for that? (There were a list of names here) where has our money gone? No transparency whatsoever. Just smoke and mirrors!

Commenter number 2
All the bullshit he's been posting on the forum for the last few months as well. Whilst all long knowing this day was coming. What a scumbag of a human he turned out to be.

*End copy/paste from FB*

is there anyway you could copy/paste the facebook thread, he has me totally blocked
thank you

The offices in Ashby De La Zouch are now available for rent again:

http://www.salloway.com/commercial-property/first-floor-81-market-street-ashby-de-la-zouch-leicestershire-le65-1ah/

Lyford is getting some shit over on Facebook from his investors.

I guess he'll log in from wherever he is hiding and delete those comments soon.

His US presence or lack thereof is virtually guaranteed,however,I do need to file a complaint locally,just for the record,the SEC are very closely tied to the FCA & HMRC & if any organisation can drive an investigation it will be one of these three,

Things just do not add up for the receivables to be consumed entirely by overhead, looking at some documents there appears to be a Lyford controlled trust which owns the offices that were being rented to Banx, Lyford paying Lyford from receivables,the profits paid were paper only, total ponzi, they didn't consume any funds as no one could cash out, profits paid (or not paid as we now know) was non revenue consumable,

I have been communicating with DeMartino for a while, his articles alerted me to what was potentially going on having left Mark alone for a year as agreed,

I personally do not anticipate any recovery whatsoever, however, this was not a legitimate enterprise by any stretch of the imagination, I would feel better having a clear understanding of just where the cash went,time will tell.

Mark will never be allowed into the US due to his drug conviction. I guess that means he is barred for life from other countries like Australia too.

I would be surprised if he managed to pay any money back to his parents.

A realistic guess would be that the money went on staff wages, office rents and costs, Lyford's personal expenses like rent and utiities etc, foolish capital investments (physical coins, out-of-date mining equipment and daft 6-monitor setups) and the greatest leak of all - paying 'profits' back to early investors.

This was a ponzi scheme all along and DeMartino was spot on with pretty much everything he said.

DeMartino completely outwitted Lyford and Lyford had no real answers to any of DeMartino's questions.

You can't get blood out of a stone, Lyford is completely broke but this whole Banx episode needs to be investigated by the relevant authorities.

I feel pretty sure that Banx investors have repaid Lyfords parents for their unwitting investment into his "gardening" business prior to him receiving a custodial sentence, probably around 200k GBP, I am a US investor so the SEC will be my route, he probably won't be going to Disney anytime soon whatever the outcome,
Lyford's entire scheme needs a forensic accountant look-over that's for sure, we have seen the tip of the iceberg so far. much calamity to follow

We've just witnessed a load of money going up in smoke.

I am surprised Lyford continued with this for so long. The pressure of keeping up a brave face when it was obvious long ago that Banx was dead must've taken a real toll.

The huge sign that Banx was worthless came when whoever had the option for 1 million shares declined to exercise it. Anyone taking out that kind of option must surely have asked lots of questions about the financials of Lyford's business. When they didn't end up taking the shares it was a big sign that the investment wasn't worth making.

Anyone who has lost money needs to get in touch with Leicestershire Trading Standards.

It is very, very important that the cash flows of this Banx business are looked at by the relevant authorities. It appears that Lyford was misrepresenting the business in order to attract outside money.

If he were in any other country I imagine Mark may get in trouble but this is Britain so he'll probably walk away scot free.

The most punishment for him is the fact that yet again he has lost his friends and family money.

Today is a sad day, a day that I never wanted to see happen but none the less the day has had to come. I announce that Banx is closing down. I have previously said that intention is everything and its always been my intention to do the right thing and grow Banx into a worldwide crypto currency business but after 2 years of extremely hard work I have done everything I can and personally cannot support the business any more. I have had to let all of my employees go together with the offices over the last few months.

There simply is no support any more for this kind of business. I believe the industry wasn’t ready for it and the funding is not available any further. I think its indicative of the crypto currency industry of not only the troll type behaviour that I have endured over the last few months and I also think that banks and governments are not ready to accept the type of business that Banx is. It’s cost a lot of time and money trying to make this a viable legitimate business and its just not possible any more with the cruet climate in the industry.

Thanks to everyone that has supported me I appreciate it from the bottom of my heart and I am really sorry how this has happened and how this final chapter has played out.

All further communications need to be directed to [email protected]. This is the only communication channel that will be monitored.

To all all of the people, friends, family and business associates who have supported me with this business you will all have received a personal email from me prior to this announcement. Please check your emails that I have on file for you.

Once again, it’s a sad day, I apologise to everyone that I have tried my best but I can do no more.

Best Regards

Mark Lyford

and...........he's done

so the forum is now down, probably spring cleaning,unless they're done

seems a few holders are seeing the light
http://banxforum.com/index.php?threads/should-we-change-the-title-of-the-this-thread.332/

I can't post there, i'm blocked, likewise Lyford blocked me from his facebook for having the gall to ask him some questions,politely too!

I'm a Banx investor A.K.A "Schmuk", it's pretty clear that Lyford doesn't give a damn, he's got our money & he's on to whatever birdbrained idea he has next (no pigeon pun intended),

allegedly he feels so bad about everyone losing their money that he is  going to include his investors in all of his other business's, the problem with that is that there are no other business's just random online nonsense, in other words, it is another con, it is an attempt to dissuade folks from taking a run at him hoping that he'll come up with some method to create wealth to share around, reality is, if the shareholders do nothing then Lyford in return will do nothing, he wants us to leave him alone, no drama, no threats, no negativity & no legal action, just go away quietly thank you,

surely it's time this guy was investigated by the authorities, there are clear indications of fraud surrounding his behavior,Inducement must also come in to the reckoning, I was a friend of 15yrs standing & he impaled me without so much as a sideways glance, perhaps it is time for him to experience some real negativity, a thorough scrutiny of the cash flow of his operations is what is needed ASAP,..yes the cash will be all gone but the resulting fallout should be interesting,

any Banx holders want to talk?

Mark is reading this thread EVERY day...Hi Mark!

Lyford's gone dark again, wonder if it will be for several weeks like before Christmas?

Banx was always a huge pipe dream and his claims of thousands of bitcoins from mining were truly ridiculous.

He mentioned that some of his staff worked on the basis they were paid in Banx.

All that work for nothing.

Am I right in assuming that the offices are gone, the staff is now gone and Lyford is only clinging on to the one member of staff, his PA?

I hope the PA is getting paid in real money. If I were her I would get another job and still 'work' for Lyford, I imagine she has plenty of spare time during the day.

With stuff like:

Your Ticket to the Moon
Investing in Banx Capital means you share profit of all our businesses. There are currently crypto based shares available to private investors. Contact us to find out more.

I think this thread is more than useful and a clear warning for many entering crypto and not knowing anything about it. I only learned about Banx after I got some in a giveaway but when I started researching what it actually was it sickened me. Not that there wasn't any other scamcoins like this, but this one even has all the deadaways in their marketing and presentation with this guy speaking as if it was a millonaire guru with the secret formula. It's as sad as it is pathetic, how can people fall for this? Well they do so this thread should go on as a long as fools keep falling for scams.

I was liking your post until the last paragraph.

You dont believe this thread is useful to others? What?
Lost or gained?....Mark has admitted that the efforts put into this thread cost Banx potential 'investors'. Thats a gain, in my book.
Sad, self-gratifying?....i really dont see the OP wallowing in any self-righteous ego trip. The facts are Banx and Mark would have ended up in exactly the same place as it finds itself in, regardless of the OP, me, or anyone else here......cos Mark. Plain and simple deluded narcissist. The only sad thing here, is that Mark still genuinely believes the bullshit he publishes.....

"Our Innovation
Banx Capital shares are unique – they can be best described as an alt coin that is backed by a company. This means that Banx Capital shares can be traded on multiple exchanges, offering investors trading liquidity. We support the decentralization spirit of Bitcoin and hope our innovative investment sets a precedent for future cryptocurrency shares"

http://banxcapital.com/investors/

Respectfully, you have called upon the wrong thing to close down.

If you still need to learn why Ponzi schemes are bad, then learn by reading this topic.






While he's down?  This topic was created when he was #8 on Coinmarketcap.  He was up.

His investors were the ones being kicked while they were down, and they didn't even know it.  Thanks to this thread, they know it.

GREAT idea.

Or simply compromise & change the OP: Are BanxShares as ROTTEN as GAW Paycoin?