Topic: Centra, a scam in the making? (Read 1106 times)

DELTA HELP CENTRA INVESTORS!

Techcrunch News: 3 Co-Founders of Centra Tech Charged with $32 Mln Securities Fraud!

Hello, my name Andrey Nechesov.
Sam Sharma CEO Centra ordered in my company PRCR.org 2 smart contracts for Centra and i developed contracts, but i didn't know about SCAM CENTRA ICO.

Now i read what Sam and 2 co-founders centra was charged in $32 Mln.
I wish help investors of Centra and create a new offer: convert Centra tokens on Delta tokens.
Price: 1 CENTRA = 1 DELTA!

Send CTR tokens directly on address and get DELTA tokens!
ETH: 0x788c45dd60ae4dbe5055b5ac02384d5dc84677b0
1 CTR = 1 DELTA!!!

Proofs:
Centra Smart Contract: 0x96A65609a7B84E8842732DEB08f56C3E21aC6f8a
Was developed by Nechesov Andrey & PRCR Company!
See top comments in Centra contract code!
On PRCR.org also we set information about convertation Centra on Delta!

More details in my site: Delta.money

That,  Centrum  has become an object of scorn is well-deserved. Fortunately I managed to get myself out this scam.

it has been over 5 months since i posted this thread, and by the SEC decisions, I, along with few other people were correct in our assessment of this company.

Founders have been arrested and a class action law suit is in process.

I hope people took notice & stayed well away from this scam.


CENTRA FOUNDERS ARRESTED FOR FRAUD!

http://www.coinfox.info/news/9186-centra-founders-arrested-in-us-token-dips-by-60

Anyone that was shilling this scam project should be tracked and arrested for their part in promoting scams!

I hope every single one of you shills get life in prison.

I have been approached in an attempt to buy a positive feedback from me to Centra's developper, dashingriddler.
Beware ! They are using very shady techniques.

https://bitcointalksearch.org/topic/centra-trust-abuser-offers-to-buy-positive-feedback-for-ico-token-dev-profile-2514733

Website's not working for me now?

Digital Chamber is also scam and BtGo i guess

Bounty cheating.
Tables empty, if someone and pay that at random.
I participated in the blog and social. networks from 8.20.2017 received - 243.22 CTR
Man, for example, participated later and received - 790 CTR
Cheating in fact.
Correspondence here -
https://bitcointalk.org/index.php?topic=2166249.1060

If it is really scam this very interesting.

OK this is getting interesting.

TCLaw, please update us on any developments.

Somehow asking for proof, clarification or simple questions are always ignored by people operating shady practices.

The problem is, only few people do, and most of the time, attacked by the very people they try to inform/warn.

You are very welcome.
I hope some people have read this and done their due diligence before parting way with their hard earned money. Some people sadly invests large portions, if not all of their life savings in to 'projects' like these. I am really shocked as to why these 'companies' actually don't follow through on their promises, where they could potentially earn millions legally, but instead opt to find every way possible to scam unsuspecting people?
If crypto is to be used by everyday people for everyday dealings, then the creators/developers must stay within the legal framework to build confidence amongst it's users. Otherwise it will be pushed underground and mass adaption will only be a pipe dream.

Well I'll be damn it is clearly a scammer in the making one thing ICO needed to do to gain the trust of the investor is to ensure the protection of their client and investors to clearly avoid suspicious and negative thoughts of the clients and in that category they failed to deliver well in any case thanks for posting this, this should help us think twice before we started availing their products and services.

I am the attorney who filed the class action on behalf of Tezos investors.  I am currently investigating wrongdoing in the Centra ICO.  If you contributed to the ICO and are interested in the return of your funds please feel free to contact me at [email protected].

Thats just created because NYtimes spread fud without research.  Centra reached out to NY times to address the false accusations and the writer refused to even talk.

US is the most regulated place and hardest to ship cards to and Centra has received money transmitter license in 31 states and working on the rest.  This means they can ship to the US while other companies have not been able to get US license.
https://pbs.twimg.com/media/DOWhQbPWAAAdACR.jpg

Centra has become a Executive member of Chamber of Digital Commerce after US license.  Executive member is a small circle including microsoft, IBM, Bittrex, Overstock, etc.  And the group works closely with policymakers and regulatory agencies for blockchain.
https://slack-files.com/T66RWMNDP-F7YQDNXU5-e16625d877
https://digitalchamber.org/

Chase Zimmerman (Son of Jordan Zimmerman, owner of Zimmerman advertising, 14th largest marketing firm in the world. Chase has joined as CMO)
https://youtu.be/7MHINGoC27A

Centra has big partnerships with companies like Bitgo (founders of facebook messenger and https 2.0)
https://bitsonline.com/centra-tech-bitgo-cdc/

ALSO, it shows people are spreading fud when the poster/user whycentrawhy only posts are ones that bash centra.

There will always be fud, but its up to the individual to do proper research.

There is an investigation into Centra now
http://www.zlk.com/consumer/centra-tech-inc

Having the same bounty manager doesn't mean that it's the same founder.

All i can see from Centra is the fact that their cards are super overpriced. The centra blue card as listed on their site here: https://www.centra.tech/products/index.html costs 5 ETH. Just for a bitcoin debit card.

I'm not sure why people are willing to pay the ETH to get a card, let alone contribute in their ICO.

I was contacted by another project that may be connected to Centra.

A project called Lydian that has supposed raised 10 mil in the presale and also has the same bounty manager as Centra.

I first asked for proof of this 10 mil raised, but they kept avoiding my question and they can't even afford to do anything that involved btc, which is weird since they raised 10 mil I was invited in a group, which I unluckily left and was also invited in a secret chat, but I can't take screenshots of the chat.

I also asked for a escrow for ico and was ignored. Super fucking dodgy.

Thanks for posting about this. Sadly these schemes always take in people who have absolutely no idea what they are doing, those who just blindly invest money without any idea what they are investing in, or who they are even sending their hard earned money to.

Only once they have been scammed do they learn their lesson, and by then it's too late.

A large proportion of investors don't bother to read the terms and conditions of projects like you have done. A lot of them don't fully understand what they are "investing" in either. In cases like the one you have highlighted, should the owners run off with the money, there is usually nothing that can be done to get your money back. It might as well have been a fat donation..

Hopefully people have read this post and made up their own minds before sending their hard earned cash to these people.
There is no excuse to treat your investors like piece of shit.

This post is about Centra.

I was interested in investing in this project due to the hype and the idea behind it. But once i got on the website and read through their white paper (no longer on website) and it's T&Cs, it became clear that the people investing in this project have absolutely had no legal recourse nor financial compensation if Centra decided to close up shop and leave. By purchasing Centra, you are essentially giving up ALL your rights and can loose all your assets overnight with no legal right to go to the courts. Apparently assets stored in Centra wallet is insured but that's 'down the line' etc. coming soon 

If this is a legit company with a legit product and posses the licence to work in the financial industry, which is heavily regulated, i don't see any reason to put ridiculous conditions like Centra has.

I have posted on their forum to ask for clarification, but none was provided and on top of that they asked the mod to delete my posts so it wont be seen by unsuspecting investors. This i unacceptable for a company that claims to be legit. I will paste my deleted posts below so you can decide for yourself along with their T&Cs.

Thank you

PS: Bolded lines are my post. It seems Centra is being promoted by so called 'celebrities'. 


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« Sent to: DraGonD on: Today at 06:08:17 PM »
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Quote
Quote from: UAE Seasider on Today at 07:32:44 AM
Quote from: DraGonD on Today at 02:42:29 AM
Seems like a very good project and should work flawlessly, BUT

I have one serious concern here.

Just read through the T&Cs and noticed that, you guys offer absolutely no protection whatsoever to the investor.
Whether legally nor financially, there is no protection. Why is that?
From a legal stand point the T&Cs are absolutely shameful and investors will be left out of pocket and without legal remedies.

You are essentially asking your investors to give up all rights and legal recourse if anything happens? Id like to emphasise on ANYTHING per your T&Cs.

My question is, will you be updating the T&Cs to give some protection to your investors? As it stands, people can loose everything they hold without an explanation, compensation and will have no legal rights to pursue this matter in courts. I'm sure when operating in financial industry, you are bound by the laws that govern that industry, including financial compensation.

Thank you

Have you read the whitepaper ICO conditions for any other companies recently?

Look at the EOS one in particular that will give you palpitations I expect.

What you have read is relevant only to the ICO and not the cards and wallets that is coming down the line, and by the way did you know your assets stored in the Centra wallet will be insured?



What does other companies policies have to do with Centra?

Like i said, the project looks good except for one important detail. That is the lack of, or should i say non-existent protection for the investors.

Coming down the line means nothing when the question is the present. Everyone is investing with real money NOW, not 'coming down the line', yet they have absolutely no avenue of recourse if shit hits the fan.

What im talking about is NOW not the FUTURE.

I want to invest but due to this, im having second thoughts, and your meaningless reply is not helping built confidence.

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Quote
Quote from: jujugoboom on October 14, 2017, 12:02:25 PM
Centra is an awesome project, Mayweather's show makes everyone very confident. Therefore investors have faith in the long term. I am long term too.

Not to burst your little bubble there BUT have you read the terms & conditions of the coin you're blindly promoting?

You must be dumb as a rock to skip over the parts where Centra can keep investors assets and lock up shop without explanation or any kind of recourse legally?

People like you are pathetic and cheap! You're either too deeply involved or working as a shill. No other explanation for being a willing participant for something that can be closed/takenaway in an instant.

Now go carry on listening to Mayweather since you seem to be mentally retarded for not thinking for yourself.



Here is the T&Cs:

II. Status of these Terms

2.1. The purpose of these Terms is to explain the functionality Service and to notify the persons who intend to enter into the relations with Service about the risks connected with the use of Service.

2.2. The list of risks specified in these Terms is not comprehensive, as well as it may not contain those risks which cannot be predicted at the present moment. If you are not sure that you can estimate the probability of occurrence of such risks by yourself, you are advised to contact an appropriate specialist (a lawyer, an auditor, an adviser or a programmer) before making a decision about entering into the relations with the Service.

2.3. Reviewing these Terms does not substitute reviewing the Blockchain system. By transferring bitcoins/ethereum to the Service you confirm that you have read the Blockchain system instructions and fully and unconditionally agree with the conditions hereof.

2.4. You may not take legal actions against the Service connected with using of Service, including, but not limited to claims based on the fact that you did not read nor did not understand the terms and conditions of the Blockchain system. Legal actions against the services offered for reasons of misunderstanding will not be substantiated.

2.5. These Terms might be amended and/or updated in the future. The relevant Terms are the ones showed on the Site. In order to obtain the most complete and current information regarding the Service you should periodically review this section.


III. Token sale

3.1 In order to complete the Centra Line of products Centra Tech is Holding a Initial Coin Offering of CTR Tokens. This Token will act as a connection to our service, enhancing and allowing the functionality to take place while not directly connecting the registered purchaser to the accessible value of the token based on terms of use restrictions outlined.

3.2. By transferring Bitcoin (BTC) or other supported cryptocurrencies to the Centra Tech address in exchange for CTR Tokens, the Purchaser confirms to understand and accept that he/she makes a rewarded output based contribution into a Centra Tech System for the development of the project, as described in the Centra Tech Whitepaper, available at the Centra Tech website.

3.3. The Purchaser understands and accepts that while the individuals and entities, including Centra Tech, assigned to this task will make reasonable efforts to develop the Centra Tech System, it is possible that such development may fall from the scope and purchaser’s CTR Tokens be rendered devalued and/or valueless due to technical, commercial, regulatory or any other reasons subject to these and project terms.

3.4. The Purchaser understands that there may be serious risks connected with cryptocurrency, such as heavy fluctuations of virtual or actual currency values, which in turn may lead to loss of currency over short or long periods. This is an uncontrollable factor based on Centra Tech market availability.

3.5. The Purchaser acknowledges and understands that the Tokens have no warranty whatsoever, expressed or implied, to the extent permitted by Applicable Law and accordingly that Tokens are purchased on an "as is" basis, expecting no forward retribution further as an example of ‘dividends’.

3.6. The Purchaser also understands that Centra Tech will not provide any refund of the purchase price for Tokens under any circumstance, pursuant to these terms.

3.7. The Purchaser further agrees to accept sole and exclusive risk for the purchase of Tokens through the Centra Tech Service. The Purchaser recognizes that the Centra Tech Platform is currently being developed and may undergo significant changes before release, undisputed by individual or group contribution.

3.8. In order to reduce the possibility of fraud, phishing attempts and other schemes perpetrated by malicious third parties, the Purchaser agrees not to respond directly to any inquiry regarding its purchase of Tokens, including but not limited to email requests purportedly coming from Centra Tech. The Purchaser understands that Centra Tech may send the Purchaser emails from time-to-time, but these email notices will never ask for information or require a response from the Purchaser. Furthermore, the registered purchaser understands that its contribution to the program will be viewed as a for-benefit purchase.

3.9. The Purchaser recognizes that Centra Tech does not warrant the period of time for which the Centra Tech Service will be operational. The Centra Tech Service may be abandoned by Centra Tech for a number of reasons, including a lack of interest from the public, a lack of funding to develop similar products, and competing non-affiliates built on the same underlying protocol and open source technology.

3.10. The Purchaser understands that between the time of purchase of Tokens by means of the Token sale and the inception of the Centra Tech Service, Tokens will be usable in the Purchaser's discretion and shall be therefore be a considered an asset class.

3.11. By purchasing the CTR Tokens, the Purchaser confirms that he/she:

- Is legally permitted to purchase Tokens in the Purchaser’s jurisdiction;

- Is of a sufficient age to legally purchase Tokens or has received permission from a legal guardian who has reviewed and agreed to these Terms and the Sale Agreement;

- Will take sole responsibility for any restrictions and risks associated with the purchase of Tokens as set in the Terms;

- Is not exchanging Bitcoin for Tokens for the purpose of speculative investment;

- Has a full and complete understanding of the usage and intricacies of Blockchain-based assets, like Tokens, Bitcoins and Blockchain-based software systems.

3.12. After purchasing CTR Tokens, the Purchaser becomes a Token Holder. Token holders are enrolled in the Centra Rewards program to earn rewards and obtain benefits. Token Holders by no means own any securities or interest in Centra Tech.

3.13. The price of one CTR Token is set at 2750/1 BTC, and 40/1 LTC during our ICO. There will be maximum 100,000,000 Tokens issued with the following distribution:

- 68% of the Tokens for sale (including pre-ICO);

- 12% allocated for development team;

- 20% of the Tokens - for advisors and bounty campaign, escrow costs, tech and marketing consulting;

All unsold Tokens will be burned.

3.14 CTR Tokens are classified as utility tokens and are equivalent to program points redeemable on the Centra Card or cBay platforms.

VI. No Liability

6.1. The Purchaser acknowledges and agrees that, to the fullest extent permitted by any applicable law, the Purchaser will not hold any developers, auditors, contractors or founders of the Service, the Blockchain System liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use, Tokens, Services or Blockchain system under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that developers, auditors, contractors or founders of the Blockchain System and/or the Services shall not be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way whatsoever arising out of the use of, or the inability to use of the Blockchain System and/or Services. The Purchaser further specifically acknowledges that developers, auditors, contractors or founders of the Tokens, Smart Contract System and/or the Services are not liable, and the User agrees not to seek to hold them liable, for the conduct of third parties, including other creators of Token, and that the risk of creating, holding and using Token rests entirely with the User. By creating or holding Token, and to the extent permitted by law, the User agrees not to hold any third party (including developers, auditors, contractors or founders) liable for any regulatory implications or liability associated with or arising from the creation or ownership of Token or any other action or transaction related to the Smart Contract System.

6.2. The Service does not guarantee the permanent and uninterruptible operation of the Site and does not take any responsibility for direct, indirect, accidental, special, circumstantial or punitive damages, including but not limited to the losses in the form of lost profit for the mistakes and/or technical issues in operation of the Site, or restriction of the access to the Site on the territory of any jurisdiction.

VII. Miscellaneous

7.1. The User understands and accepts that the network of miners will be ultimately in control of the Smart Contract System. The User understands that a majority of these miners could agree at any point to make changes to the official Smart Contract System and to run the new version of the Smart Contract System. Under such a scenario, Tokens will likely have no intrinsic value.

7.2. The User agrees that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.

7.3. The Terms govern the creation, transfer and holding of the Tokens and supersede any public statements about the launch of Tokens and/or the Smart Contract System made by anyone in the past, present and future.

7.4. The applicable law is State of Delaware law. Any dispute arising out of or in connection with the creation of the Tokens and the development of Services shall be finally settled by the ordinary courts of the registered domicile of the defendant.