Topic: Money Trade Coin $75 million ICO scam (Read 245 times)
CUBAAZ SCAM Exposed: $ 20 Million SCAM by CUBAAZ ICO
Mickael Mosse is the CEO of CUBAAZ
CUBAAZ ICO is a SCAM ICO, here are TOP 12 reasons:
1. Check the Experience shared by Ex-employees (victims) of CUBAAZ on LinkedIn:
https://www.linkedin.com/feed/update/urn:li:activity:6412293535432871936/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6412293535432871936%2C6412518125681635328)
and
https://www.linkedin.com/feed/update/urn:li:activity:6415641799574061056/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6415641799574061056%2C6415642734085963776)
2. Plz Open the page: https://icobench.com/ico/cubaaz/ratings
On the top of the page, the message is: "The information about the team was removed by the request of the project"
Question: Why CUBAAZ Team asked this site to remove all of it's own Team Members from this site?
Ans: Because Mickael Mosse (CEO of CUBAAZ) fired his 44+ Team members without paying a single penny.
There is NO information available of any of his Team Member because if anyone investigates to his Team member that whether CUBAAZ paid him for 8 months work? - then the team member will say truth that he was not get paid a Single Penny for 8 months work.
That is why there is NO information available for any Team Member of CUBAAZ anywhere on the internet.
3. Cubaaz.io site got shut down (only showing Press Release), Why?
4. CUBAAZ_OFF page on Twitter got shut down, Why??
5. Four earlier Business Partners of CUBAAZ: Knowdle, First-real-transac.com, Nubersia & CUBASensation ARE NO LONGER BUSINESS Partners of CUBAAZ. (as per cubaaz.io site press release message), Why??
6. No update on any Page of CUBAAZ_OFF on any Social Media like Facebook, Twitter, linkedin, Youtube, etc after the ICO, i.e. 9th April, 2018, Why??
7. There is no info about the Team of CUBAAZ anywhere, Why??
8. Why CUBAAZ is hiding it's Roadmap?
9. Why CUBAAZ is hiding Whitepaper?
10. Why CUBAAZ is not updating on Social Media about it's Future Plans like when it will hit exchange?, etc.?
11. Why the Linkedin account of Mickael Mosse (CEO of CUBAAZ) does not exists now??
12. On Telegram channel of CUBAAZ_OFF, why CUBAAZ is asking ONLY Investors to contact at [email protected]??
CUBAAZ Team Members, who are also involved in this $ 20 Million SCAM are:
Mickael Mosse,
Denise Picciau,
Ksenia Naydonova,
Seb Breton Networker,
Zain Hameed,
Vincenzo BELFIORE,
Korina Saric
The above CUBAAZ team members follow all the instructions from Mickael Mosse & shares Scam posts on Social Media, etc.
FIR has been already logded in Police for posting wrong articles about me. Police will take Legal action against him. He is liable to show all the proofs of whatever he has mentioned in this article, if he’ll fail to show all the evidences then he’ll go to prison for sure.
Whatever this could be but this discussion doesn't belongs to be here,move to the scam accusations section of the forum if you have enough proof then your post will take into consideration or it will be moved to the trashcan.You can find the move topic option at bottom left of your window.
jr. member
Activity: 42
Merit: 6
John -ICO and Cryptocurrency Expert investigation
Money Trade Coin (MTC) is the latest ICO to be exposed as a scam. In this case, the scam is believed to have netted over $75 million.
Police in Mumbai, India have now made several arrests and issued warrants for others involved in this scam. The leader of the scam, Amit Lakhanpal is now on the run and police are appealing for help to track him down.
What makes this particular ICO scam interesting is those involved. Lakhanpal had assembled a group of middle eastern backers, some of whom were members of the royal families of UAE and Bahrain. The company also claimed that its intellectual property is owned by companies based in several countries.
What brought this latest scam down to earth was its failure to continue to attract enough victims to pay out the promised returns. Those returns were set at 20% within 6 months. No surprise that when the time limit expired, there were no monies to be had. The result, a complaint from a dissatisfied investor that led police in India to raid the organisations offices.
MTC has also been named as one of the organisations behind a recent action in the Delhi High Court. That action was to force the Indian Central Bank to change its approach to cryptocurrencies.
As of today, the company website is offline.
What was Money Trade Coin offering?
In its initial press release announcing the company, MTC claimed that it would offer a trading platform for multiple cryptocurrencies. It would enable investors to trade in the established currencies of Bitcoin, Ethereum, Ripple and Monero. There was also a promise that it would support 1,088 listed coins. MTC was also scheduled to go live on several other exchanges.
There was also the promise of an ultra-secure digital wallet. It claimed that this would make MTC the: “world’s first fully secured Cryptocurrency, implementing the highest standards of compliance: KYC and AML keeping the records of all transactions for more than ten years.”
A check on GitHub shows that there was some early development on a wallet but that ceased back in 2017, not long after the launch of MTC.
The company sold 14 Million MT Coins and alleged that experts had told it they expected the value of a single MTC would exceed $500 by the end of 2017.
What does this mean
Regulators around the world have been warning of the risk of ICOs. Many are unregulated and are seen as little more than a risky bet. This is not just a problem with ICOs. The risk from poorly designed digital wallets and cryptocurrency thefts is also high. By April, over $670 million in cryptocurrencies had been stolen.
This latest scam not only adds to the amount but seems to be part of a growing trend. People, enamored by the rollercoaster ride of cryptocurrencies, want to get in on the act. The majority will lose large sums of money and have no comeback against the scammers.
This week sees MoneyConf in Dublin. There are large numbers of speakers talking about cryptocurrencies, blockchain and ICOs. How many of these will avoid damaging thefts and losses remains to be seen.
________
WARNING:
Recently another type of scam has emerged in the ICO sector but this time on the side of society itself that is defrauding by'm called ICO expert.
One of the best-known and most active scammer is the scam Matyas Zaborszky.
Indeed, SCAM Matyas Zaborszky has already scammed dozens of companies by charging them large sums for so-called marketing campaign that he never does.
Often he blackmails, request an additional payment of 2 BTC otherwise he will do bashing, bad publicity on the company in question, by distributing articles with false information.
His techniques are very well honed and thanks to a team of accomplice like YOGESH DHIMAN, DARKO POPOVSKI (and much more) scam Matyas Zaborszky very often are scammed.
If you are also a victim of crook Matyas Zaborszky, an email has been set up, you can write to [email protected]
SOURCE : https://www.enterprisetimes.co.uk/2018/06/12/money-trade-coin-75-million-ico-scam/
Police in Mumbai, India have now made several arrests and issued warrants for others involved in this scam. The leader of the scam, Amit Lakhanpal is now on the run and police are appealing for help to track him down.
What makes this particular ICO scam interesting is those involved. Lakhanpal had assembled a group of middle eastern backers, some of whom were members of the royal families of UAE and Bahrain. The company also claimed that its intellectual property is owned by companies based in several countries.
What brought this latest scam down to earth was its failure to continue to attract enough victims to pay out the promised returns. Those returns were set at 20% within 6 months. No surprise that when the time limit expired, there were no monies to be had. The result, a complaint from a dissatisfied investor that led police in India to raid the organisations offices.
MTC has also been named as one of the organisations behind a recent action in the Delhi High Court. That action was to force the Indian Central Bank to change its approach to cryptocurrencies.
As of today, the company website is offline.
What was Money Trade Coin offering?
In its initial press release announcing the company, MTC claimed that it would offer a trading platform for multiple cryptocurrencies. It would enable investors to trade in the established currencies of Bitcoin, Ethereum, Ripple and Monero. There was also a promise that it would support 1,088 listed coins. MTC was also scheduled to go live on several other exchanges.
There was also the promise of an ultra-secure digital wallet. It claimed that this would make MTC the: “world’s first fully secured Cryptocurrency, implementing the highest standards of compliance: KYC and AML keeping the records of all transactions for more than ten years.”
A check on GitHub shows that there was some early development on a wallet but that ceased back in 2017, not long after the launch of MTC.
The company sold 14 Million MT Coins and alleged that experts had told it they expected the value of a single MTC would exceed $500 by the end of 2017.
What does this mean
Regulators around the world have been warning of the risk of ICOs. Many are unregulated and are seen as little more than a risky bet. This is not just a problem with ICOs. The risk from poorly designed digital wallets and cryptocurrency thefts is also high. By April, over $670 million in cryptocurrencies had been stolen.
This latest scam not only adds to the amount but seems to be part of a growing trend. People, enamored by the rollercoaster ride of cryptocurrencies, want to get in on the act. The majority will lose large sums of money and have no comeback against the scammers.
This week sees MoneyConf in Dublin. There are large numbers of speakers talking about cryptocurrencies, blockchain and ICOs. How many of these will avoid damaging thefts and losses remains to be seen.
________
WARNING:
Recently another type of scam has emerged in the ICO sector but this time on the side of society itself that is defrauding by'm called ICO expert.
One of the best-known and most active scammer is the scam Matyas Zaborszky.
Indeed, SCAM Matyas Zaborszky has already scammed dozens of companies by charging them large sums for so-called marketing campaign that he never does.
Often he blackmails, request an additional payment of 2 BTC otherwise he will do bashing, bad publicity on the company in question, by distributing articles with false information.
His techniques are very well honed and thanks to a team of accomplice like YOGESH DHIMAN, DARKO POPOVSKI (and much more) scam Matyas Zaborszky very often are scammed.
If you are also a victim of crook Matyas Zaborszky, an email has been set up, you can write to [email protected]
SOURCE : https://www.enterprisetimes.co.uk/2018/06/12/money-trade-coin-75-million-ico-scam/
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