Scammer's profile:
https://bitcointalksearch.org/user/peled1986-172116Announcement thread:
https://bitcointalksearch.org/topic/anngemz-getgems-social-messaging-app-that-pays-live-on-android-ios-web-758004GetGems raised almost $800,000 in BTC through a crowdsale on here using Koinify. It says in the first post of the announcement thread that the app is designed from the
ground up. What they actually actually managed to come up with in nearly 2 years of development, was to rip off Telegram and make a few modest modifications (Incorporate GEMZ crypto, custom skin, channel to broadcast ads, etc). They also failed to release the source code for GetGems, which is essentially Telegram (open source), and named their app 'Telegram with GetGems' to gain exposure and downloads in app stores, as 'GetGems' on it's own wasn't cutting it.
If that wasn't enough, in the fall of 2015 it was revealed that the GetGems team were working on another project, PayKey. Many investors started asking questions about the funding of PayKey and Peled1986 would constantly reassure investors that the new project would benefit investors, while failing to address whether the GetGems crowdsale was funding the development of PayKey, which it obviously was. Eventually, even the most ardent supporters of GetGems became disillusioned, and called out Peled1986 on his conniving ways. The GEMZ currency was delisted from Poloniex due to bugs and transfer delays, which caused people to complain even more. Peled1986's response to the mounting criticism was to lock the announcement thread and stop posting on here, although he still frequently visits the forum.
A week ago David R. Allen, another person involved in the GetGems scam made a post on their blog:
https://medium.com/@GetGems/getgems-and-beyond-d178117f520#.n97rakn4x. Notice the following quote:
In the fall of 2015 Decentralized Mobile Applications Ltd. created a new project to develop a banking technology called PayKey. For more information go to PayKey.com
PayKey is a separate project not connected to the GetGems project and was not developed with money from the token crowdsale.
Now check out this slideshow from a startup pitch they made at a conference:
http://www.slideshare.net/IsraelMobileSummit/paykey-startup-pitch-at-the-mobile-moentization-summit-2015-startup-contest Take a look at slide #16, which alludes to the Koinify (GetGems) crowdsale being a source of funding for the PayKey project (In case he tries deleting it):
It's obvious that Daniel Peled and David R. Allen are lying and that PayKey development was funded with GetGems investors' funds. They essentially pulled a bait-and-switch scam, and used funds meant for GetGems development on PayKey, while maintaining that the two projects are unrelated in terms of funding. I'm sure with further digging, a lot more evidence against Peled1986 can be uncovered. Koinify also has some explaining to do, as they guaranteed 3rd-party accountability to the investors and then abruptly shut down, with no transparency as to the release of investor funds to GetGems.
All in all, this thread serves to warn others on here from investing in any future ventures undertaken or connected to Daniel Peled.