Author

Topic: I was about to invest in an ICO and an admin DMs me with this.... (Read 144 times)

MV7
full member
Activity: 322
Merit: 107
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
One very simple rule about investing, not just in terms of crypto, but in investing overall - never trust a project that starts "guaranteeing" returns and profits. That should be a major, major red flag.
newbie
Activity: 164
Merit: 0
I just got in touch with another admin on their telegram and he was explaining it was a fake admin or something. obv scam but the "admin" tag threw me off
newbie
Activity: 164
Merit: 0
I dont know what is confusing about this.... I went into the fabric token telegram and saw a user account that had "admin" in the top right corner like all admins have. he initiated a DM with me and that was the conversation.

I am not an admin. I am an interested investor
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
I've replaced each of our names with "admin" & "me"

Admin, [19.02.18 18:39]
Hello

Admin, [19.02.18 18:39]
I am an Admin

Me, [19.02.18 18:39]
yes?

Admin, [19.02.18 18:39]
How may I help you

Me, [19.02.18 18:39]
am I good to send eth?

Me, [19.02.18 18:39]
my status is: Your current status is "Verified".

Admin, [19.02.18 18:40]
Yes if you have the ETH address

Me, [19.02.18 18:40]
ok

Admin, [19.02.18 18:40]
Yes you are ready to invest

Admin, [19.02.18 18:40]
Do you need the address so you can invest

Me, [19.02.18 18:40]
no i see it on the page

Admin, [19.02.18 18:41]
We are using a specific one for the bounty

Admin, [19.02.18 18:41]
Just Incase you want that

Admin, [19.02.18 18:41]
It's an investment program where you get 40% of every ETH invested after 3 days.
i.e 10ETH = 14ETH after 3 days of investment

Me, [19.02.18 18:42]
sounds like a scam/ponzi scheme

Admin, [19.02.18 18:42]
It’s a real ponzi

Admin, [19.02.18 18:43]
We don’t do scam

Me, [19.02.18 18:42]
3 days and get 40% return, I'll pass

Admin, [19.02.18 18:43]
We will never do such

Me, [19.02.18 18:43]
ponzi scheme is a scam though

Admin, [19.02.18 18:43]
It’s an investment program

Admin, [19.02.18 18:43]
After that

Me, [19.02.18 18:43]
all ponzi schemes are investment programs

Admin, [19.02.18 18:43]
You get KYC

Admin, [19.02.18 18:44]
I can give you prove of successful pay

Admin, [19.02.18 18:44]
In the investment program

Me, [19.02.18 18:44]
this sounds ridiculous

Admin, [19.02.18 18:45]
But true

Admin, [19.02.18 18:45]
Strange but true

Admin, [19.02.18 18:45]
I can give you prove of it

Me, [19.02.18 18:46]
I'll pass

Admin, [19.02.18 18:46]
I look u up

Admin, [19.02.18 18:47]
And your entry is queued up in the smart contact

Me, [19.02.18 18:47]
ok

Admin, [19.02.18 18:48]
Do you know how to proceed

Me, [19.02.18 18:48]
yes

Admin, [19.02.18 18:48]
Okay I am here to help you

Me, [19.02.18 18:48]
thanks

I verified this account as an admin. would you still invest in the ICO after this supposed "bounty" program? Isn't this clearly a ponzi scheme? how could you trust the ICO?
That's obviously scammer. The trusted ico developer will never try to do such an idiot thing like that. It looks that scammers are aiming your ethereum but you are accusing his project as scam. And he was getting busted by you.
Just remember never try to believe any PM that comes on your telegram or other social media.
full member
Activity: 378
Merit: 100
At the beginning of the conversation the admin discuss about kyc, but during the middle he talked about the concept of his project. I am still confused with the statement made op, but honestly I do not like the concept of the project and if it is true, then we must stay away from projects like this.
full member
Activity: 420
Merit: 119
btw this was for fabric token

I'm a little bit confused with this statement, you said that this message is from the fabric token? but it was indicated in the conversation that the admin will be giving you KYC and not Fabric Token. Please clarify this thanks.
I hope that this is not only an accusation or a scheme to ruin a token ICO.

The thing is if you are a scammer or a Ponzi scheme admin, would you admit that you are promoting a scam or a Ponzi Scheme to your investor,
I hope I'm not wrong with this.
newbie
Activity: 164
Merit: 0
btw this was for fabric token
newbie
Activity: 52
Merit: 0
40% in 3 days. 10ETH today will be 14 ETH in 3 days. There you go. Lights flashing.

No need to even think. Run from there.
member
Activity: 238
Merit: 11
Staker.network - POS Smart Contract ETH Token
I will not invest in such a project. If the project claims itself as a ponzi promising high returns then it is too good to be true and most likely a scam. You should ask in the main chat whether those information is correct.
newbie
Activity: 164
Merit: 0
I've replaced each of our names with "admin" & "me"

Admin, [19.02.18 18:39]
Hello

Admin, [19.02.18 18:39]
I am an Admin

Me, [19.02.18 18:39]
yes?

Admin, [19.02.18 18:39]
How may I help you

Me, [19.02.18 18:39]
am I good to send eth?

Me, [19.02.18 18:39]
my status is: Your current status is "Verified".

Admin, [19.02.18 18:40]
Yes if you have the ETH address

Me, [19.02.18 18:40]
ok

Admin, [19.02.18 18:40]
Yes you are ready to invest

Admin, [19.02.18 18:40]
Do you need the address so you can invest

Me, [19.02.18 18:40]
no i see it on the page

Admin, [19.02.18 18:41]
We are using a specific one for the bounty

Admin, [19.02.18 18:41]
Just Incase you want that

Admin, [19.02.18 18:41]
It's an investment program where you get 40% of every ETH invested after 3 days.
i.e 10ETH = 14ETH after 3 days of investment

Me, [19.02.18 18:42]
sounds like a scam/ponzi scheme

Admin, [19.02.18 18:42]
It’s a real ponzi

Admin, [19.02.18 18:43]
We don’t do scam

Me, [19.02.18 18:42]
3 days and get 40% return, I'll pass

Admin, [19.02.18 18:43]
We will never do such

Me, [19.02.18 18:43]
ponzi scheme is a scam though

Admin, [19.02.18 18:43]
It’s an investment program

Admin, [19.02.18 18:43]
After that

Me, [19.02.18 18:43]
all ponzi schemes are investment programs

Admin, [19.02.18 18:43]
You get KYC

Admin, [19.02.18 18:44]
I can give you prove of successful pay

Admin, [19.02.18 18:44]
In the investment program

Me, [19.02.18 18:44]
this sounds ridiculous

Admin, [19.02.18 18:45]
But true

Admin, [19.02.18 18:45]
Strange but true

Admin, [19.02.18 18:45]
I can give you prove of it

Me, [19.02.18 18:46]
I'll pass

Admin, [19.02.18 18:46]
I look u up

Admin, [19.02.18 18:47]
And your entry is queued up in the smart contact

Me, [19.02.18 18:47]
ok

Admin, [19.02.18 18:48]
Do you know how to proceed

Me, [19.02.18 18:48]
yes

Admin, [19.02.18 18:48]
Okay I am here to help you

Me, [19.02.18 18:48]
thanks

I verified this account as an admin. would you still invest in the ICO after this supposed "bounty" program? Isn't this clearly a ponzi scheme? how could you trust the ICO?
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