Topic: Esoteric Investments, LLC (up to 1% earnings) - page 2. (Read 18682 times)

ALL HYIP are SCAMS , none LEGIT ... fools still thinks they found golden egg ...

Does there need to be a concrete effort to raise awareness of HYIPs in the Bitcoin/Crypto community? It seems people who regularly operate these sort of scams are moving into the field, perhaps because they thought it would be full of credulous idiots. Sadly it seems they were right! I know it isn't that new (was there another big bitcoin HYIP scam before Bitcoin-trader?) but the danger is still there, and people are still falling for it - presumably because a lot of us in the bitcoin/crypto community haven't come across HYIPs before?

ROFL

Anyone get any money back yet?  Says update on 11/10 but nothing seems to be posted on the website.. 

When you try this next time, go through the trouble to actually fake the trade histories.

These guys

 http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html?hootPostID=30ceb1967be98ed871bb8c50375b9e96

apparently got away with a billion dollars by faking the trade histories. A little more effort and you could have conned a lot more, better luck next time.

i like how its a bunch of words put together, and no website. also other way further details.

Digi doesn't even seem worried about the closure judging by his latest comment on the chat box:

(06:07:12 AM)  Digicoinz: can't wait to see this place come back and bigger and badder then ever

Lol. You mean they are saying they are going to refund people. Has anyone actually received a penny back yet?
This is standard practice with Ponzis. Although the ship has sunk, the captain tries to persuade that everything is going to be fine, for as long as he can possibly have any hope of getting away with it.
Why? To buy themselves some time - the longer it takes for the complaints to start hitting law enforcement agencies en masse, the more time they have to cover their tracks and hopefully make a clean getaway with as much of the loot as they can stash in their pockets.

These guys will not hand over a single penny voluntarily, I guarantee it. The only way investors will get anything back is if they are brought to justice by law enforcement or the courts.

From PimpCoin, glad to see someone's confident about the outcome of their Esoteric Experience..

"wish they had as much bitcoin as we do to trade in the markets"

this would imply you had significant BTC holdings beyond what your victims deposited.  That should make it easy to guarantee that all your investors will get their full deposits back ASAP.

Is this where you now post blockchain links to addresses showing depleted BTC stores, or do you feel the need to brag again and post a blockchain link to some fat wallet  that may or may not even belong to you or your partners?

Because, apparently, they're doing their investors a favor by returning their deposits early at ALL, instead of making them wait the full 90 days for shares to mature. As soon as they were informed they were in fact operating in violation of the Securities Act, they should have immediately cancelled all shares and credited the investors back.  The fact that they feel the need to go through some sham of having to "liquidate" assets suggests they haven't got the capital to cover deposits. And of course, anybody calling them on this bullshit is being insulted and abused. Because that's the way to endear yourself to people who gave you money to play with and whom you might want to support your new fly-by-night shitcoin. TwerkCoin? TwatCoin? FleekCoin?

I did enjoy the tale of how the compliance and regulatory licenses, etc, caught them completely by surprise.  Yeah, cuz nobody thought to...ya know..google that shit BEFORE opening business up to investors?

"Hey, we're gonna be handling potentially hundreds of thousands of dollars worth of crypto here. Maybe one of us should spend 5 minutes researching what we need to do to be legal..........naaaaah, let's just wing it. What could possibly go wrong?"

That, people, is called "half-assing it".

Glad I didn't invest in this mickey-mouse op.  

Anyone who doesnt get his principal back to the last satoshi, please contact
Arlene.Ferris-Waks at lps.state.nj.us
Director of Investor Outreach at the NJ bureau of securities.
She is well aware of this scam.

(14:52:07 PM)  Maxx: "If there is not enough bitcoin after liquidation to refund the total amount deposited into the pool; the ratio of bitcoin after liquidation to the total deposited amount shall be taken and applied to each account. " Not sure I understand this line. So we might not get our entire deposited amount back?
(17:09:09 PM)  Phantom: when a trade ends from the time we bought in to the time we sold off. that profit or loss is put to a profits pool to do payouts over time. this profits pool was always positive.
(17:13:18 PM)  Phantom: all the trades that were bought in but not sold out of are losses right now. We had a stop loss point that if all investments caused the estimated pool value to fall below 40% we'd get out of all coins and stop our losses.
(17:13:49 PM)  Phantom: this didnt happen we are stopping for other reasons
(17:15:18 PM)  Phantom: but until a trade is ended it isnt factored into payouts. you can move in and out of coins with thousands daily. its a misconception of the pool from the start from many people.
(17:18:39 PM)  Phantom: you might not but as some of the liquidations were decent losses. though we really want to leave this on a good note to not leave a negative feeling for flirtcoin or new project.
(17:21:29 PM)  Phantom: So we will find anyway possibly to pay back the full deposited amount regardless of losses. Further costs out of our own pocket and in multiple installations if neccesary. This is to all be worked out fully still.
(17:23:17 PM)  Phantom: for one of my last messages: cant* move in and out of coin with thousand
(17:30:54 PM)  Phantom: Fact of the matter is at absolute worst this is not a total loss. It was a risk not a guarenteed thing, we always said this. And bitcoin is going to be returned month(s) before any terms were expred. So we are exceding all obligations of us. We're not going to do much more than that for your happiness if you arent satisfied with that situation.

Translation: "You'll get what we decide to give you, and if that's not good enough, too fucking bad."

So, basically they went from saying all investor funds would be withdrawable (earnings+principle), to users will get their principal back FOR SURE, to "now we're not sure we'll be able to cover everybody's deposits, so we'll justify it by saying it was all a risk", and telling investors that if they don't like it, too bad.

I signed up to determine if they were related at all to bitcoin-trader.biz ...

What profits? There were no profits even by their own admission. Check the chat log on their website:


So whatever "gains" have already been paid out are being clawed back, and quite possibly more than that according to the PDF:


https://esotericinvestments.com/close.pdf

they claim not to have made a satoshi for themselves. Yet if you add up the published trading profits, you get +15.7% over the past 5 weeks (not compounded). And somehow if you put the two together, no one made any profits and somehow there is probably even a net loss.

Rrrrrrrrrrright. Esoteric was no ponzi, and this is a real mammography unit:



BTW, if you think its gonna fly with the bureau that you pay back less than the principal  or that funds not withdrawn after 30 days are forfeited, you are in for another surprise.

Quite amazing how they were able to pay profits every day even holding some altcoins at a loss. I'm not sure how great minds that could pay out profits while holding coins at a loss aren't going to be able to wind this down without making everyone whole, but I guess that's why I'm not running a ponzi scheme investment firm.

Company statement for pool closing procedure to take place over the next two weeks.
https://esotericinvestments.com/close.pdf

We will be active on the site's chat for further questions from invested parties.

because everything they said was BS ?

lol, I just noticed there's a "remove" in the 'Deposits' frame. When clicked it asks for confirmation to delete the deposit.

...rofl, why would I want to delete a deposit.  

Also, still waiting on that withdraw made on Oct. 27th

Why would it take so long to liquidate the funds? they had people trading 24/7 and never lost money, it should be ridiculously easy to get all that money back to send back out.