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Topic: Polish-registered recyclix.com is a Ponzi scheme and provably so. - page 21. (Read 95511 times)

hero member
Activity: 742
Merit: 500
If you cant pay out $ 1, what will you say, I bet you will stay silent. Scamming is against law and so are ponzis, you could face jail time in poland if you scam. Telling others that they should be silent about $ 20 per month makes an real asshole of you, if you have $ 20 per month to throw away, donate it or give it just to me I will donate it to some who would be happy to get $1 and some food, not $20 per month!

My account, that i opened in January - this year - was already closed. It doesn't confirm nothing, but can not show that you can withdraw anything. In my opinion it is just clear piramid system. And it this way of thinking - this moment is too late to invest in this system. To earn anything from Ponzi, you have to invest at the beginning! Now is too late! Be carefull guys!
because you not deposited, first check information, newsletters. whatever you guys  don't understand how, you too scared to make 1st deposit, to make constantly deposit / month, to earn more moneys? If 20€/month big money for you so, be silent.
hero member
Activity: 742
Merit: 500
Shit donkey changed to female sign, these doxxes fkdup your troll life on bitcointalk, isnt it?

Before you continue your scam accusation, come and explain your crimes like identity theft, using someones name and giving financial advices, document theft and sharing, .... and this all together with other users involving administration and moderation.

No, you should first come to defend yourself before you accuse anybody, you are a lier and you are a criminal and your opinion should not be anything worth until you prove your own innocence.

It's all smoke and mirrors. You only 'profit' if you keep doing more 'cycles', i.e. by keeping your money in the system. It is a way to seem like you are earning higher rates of profit, as the numbers on your screen increase, but it is just so the ponzi scam only has to pay out a tiny fraction of the money they receive from new 'investors'.
So, what forbids me money to store in this system, not in the bank?

Is recyclix a bank? Does it have deposit insurance?

This might still be a good time for you to slither away and hope that none of your friends invested too much money based on your "advice". I wouldn't want to be in your shoes when it all comes crashing down. Those referral pennies will not buy protection from angry bagholders.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
It's all smoke and mirrors. You only 'profit' if you keep doing more 'cycles', i.e. by keeping your money in the system. It is a way to seem like you are earning higher rates of profit, as the numbers on your screen increase, but it is just so the ponzi scam only has to pay out a tiny fraction of the money they receive from new 'investors'.
So, what forbids me money to store in this system, not in the bank?

Is recyclix a bank? Does it have deposit insurance?

This might still be a good time for you to slither away and hope that none of your friends invested too much money based on your "advice". I wouldn't want to be in your shoes when it all comes crashing down. Those referral pennies will not buy protection from angry bagholders.
member
Activity: 64
Merit: 10
My account, that i opened in January - this year - was already closed. It doesn't confirm nothing, but can not show that you can withdraw anything. In my opinion it is just clear piramid system. And it this way of thinking - this moment is too late to invest in this system. To earn anything from Ponzi, you have to invest at the beginning! Now is too late! Be carefull guys!
because you not deposited, first check information, newsletters. whatever you guys  don't understand how, you too scared to make 1st deposit, to make constantly deposit / month, to earn more moneys? If 20€/month big money for you so, be silent.
member
Activity: 64
Merit: 10
It's all smoke and mirrors. You only 'profit' if you keep doing more 'cycles', i.e. by keeping your money in the system. It is a way to seem like you are earning higher rates of profit, as the numbers on your screen increase, but it is just so the ponzi scam only has to pay out a tiny fraction of the money they receive from new 'investors'.
So, what forbids me money to store in this system, not in the bank?
member
Activity: 64
Merit: 10
Hello guys. I have read this topic and understood that recyclix.com are advanced Ponzi. But I have already sent to them 100 EUR (2016-08-16). So I have 120 EUR on my deposit and 600 kg of waste Grin I'm just asking what I can do?  Huh Better sell waste after 1 cycle (35 days) (Selling price € 90.00 + Gross profit € 16.80 = 106.80) and lose money, or after 3 cycle (105 days) (Selling price € 90.00 + Gross profit € 50.40 = 140.40) with profit. What do you think? And how long they will pay money before they will escape? Thank you  Wink   
You don't need to use SELL function, if you dont need your money back, Sorry, but you did not understood how recyclix works. If you sent 100€ after 1 cycle you can return back only 75% of your capital with 3 weeks profit. It's 106€ - 25% = you got 79,5€, so, you need to calculate how much cycles you need to restart,  recyclix is long-time-term system is not HYIP, and not REVSHARE. 1 recycling cycle process 35 days. After 1 cycle you got + 14€ profit. If you wanna return your money you need to complete almost 4 cycles (it's 107,64€ - that you can withdraw) .  So if you don't like that recyclix conditions, take back your 79,5€ and go where you can grow up your money faster.

and now you're even giving out fake information: I've read and re-read the terms and conditions on that website, and they do not pay out 100%-25% if you sell after 1 cycle, they'll pay out 25% of whatever profit you've reached, in that case, he had 120 euros, not 100, as he sent 100 and got the 20 for free, in 35 days, or 5 weeks, he'd have 360x25%, which is 90 euros, plus 120x14%, which is 16.8, his math is completely right, and since he sent them 100, taking 106.8 is already little profit.

your math is all out, as he'd have, in 3 weeks, 240x25%, which equals to 60 and not 79.5, plus 7.2 (from the first 6% you get after 3 weeks, according to the website)...
lol are you seriously too dumb to understand to like exsample I calculated from 100€ ?
legendary
Activity: 2282
Merit: 1035
My account, that i opened in January - this year - was already closed. It doesn't confirm nothing, but can not show that you can withdraw anything. In my opinion it is just clear piramid system. And it this way of thinking - this moment is too late to invest in this system. To earn anything from Ponzi, you have to invest at the beginning! Now is too late! Be carefull guys!
legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
It's all smoke and mirrors. You only 'profit' if you keep doing more 'cycles', i.e. by keeping your money in the system. It is a way to seem like you are earning higher rates of profit, as the numbers on your screen increase, but it is just so the ponzi scam only has to pay out a tiny fraction of the money they receive from new 'investors'.

Recyclix You can purchase waste with the 20 euro bonus, but you have within 60 days of registration to deposit your own funds, otherwise your account will be deactivated.

To clarify, using 100 euros as example, the total gain that will go to your withdrawal balance is 14€ per 5-⁠week cycle IF YOU RESTART. You will also get a fresh volume of waste as when you started, in this case 500kg (NOT 100 euros in cash), to go through the cycle all over again. This can go on as many times as you wish, as long as you keep RESTARTING every 5 weeks.

On the other hand, if you SELL your goods after 5 weeks, you will receive the 25% share of the selling price, plus profits from the first stage of the cycle. So the 100€ you initially had would turn into just 81€ in total if you sell outright. You will also NOT get any fresh waste, because your goods are already sold and so the recycling process will end. So selling is NOT the correct way to go if you have minimum amount of waste and investment.

Once they start getting requests to withdraw more money than they are receiving from new deposits the scheme collapses as more 'investors' start getting nervous hearing about withdrawal restrictions and payment problems until an ever-growing number of requests for withdrawals is made and the scammers pull the plug on the operation and run with the remaining deposits.

Anybody caught in a ponzi like this needs to cash out long before it reaches that point, as the criminal fraudsters behind the scam will usually allow withdrawals up until too many people request it and risk triggering the collapse.

[edit] BTW, for anybody who got in on this ponzi early and is actually profiting, beware, you can be found liable in any subsequent legal action to recover funds.
https://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal
Quote
In an interview in July 2010, Picard said that he could potentially end up suing about half of the estimated 2,000 individual investors who withdrew more from Madoff's funds than they had invested.[70]
newbie
Activity: 10
Merit: 0
Hello guys. I have read this topic and understood that recyclix.com are advanced Ponzi. But I have already sent to them 100 EUR (2016-08-16). So I have 120 EUR on my deposit and 600 kg of waste Grin I'm just asking what I can do?  Huh Better sell waste after 1 cycle (35 days) (Selling price € 90.00 + Gross profit € 16.80 = 106.80) and lose money, or after 3 cycle (105 days) (Selling price € 90.00 + Gross profit € 50.40 = 140.40) with profit. What do you think? And how long they will pay money before they will escape? Thank you  Wink   
You don't need to use SELL function, if you dont need your money back, Sorry, but you did not understood how recyclix works. If you sent 100€ after 1 cycle you can return back only 75% of your capital with 3 weeks profit. It's 106€ - 25% = you got 79,5€, so, you need to calculate how much cycles you need to restart,  recyclix is long-time-term system is not HYIP, and not REVSHARE. 1 recycling cycle process 35 days. After 1 cycle you got + 14€ profit. If you wanna return your money you need to complete almost 4 cycles (it's 107,64€ - that you can withdraw) .  So if you don't like that recyclix conditions, take back your 79,5€ and go where you can grow up your money faster.

and now you're even giving out fake information: I've read and re-read the terms and conditions on that website, and they do not pay out 100%-25% if you sell after 1 cycle, they'll pay out 25% of whatever profit you've reached, in that case, he had 120 euros, not 100, as he sent 100 and got the 20 for free, in 35 days, or 5 weeks, he'd have 360x25%, which is 90 euros, plus 120x14%, which is 16.8, his math is completely right, and since he sent them 100, taking 106.8 is already little profit.

your math is all out, as he'd have, in 3 weeks, 240x25%, which equals to 60 and not 79.5, plus 7.2 (from the first 6% you get after 3 weeks, according to the website)...
newbie
Activity: 10
Merit: 0
whatever, recyclix canceled bitcoin transfers GG.

lol, not true, and anyone can register and see they still say you can use BTC in the website, but as the op said on his reply to your comment, they've limited BTC withdrawals to people who have an active deposit (which must have been sent to them in BTC, as they claim they'd only send BTC to the wallet you've used to send BTC to them, and really months ago they already claimed that they'd only pay in BTC who sent payments in BTC to them, did you ever read their FAQ?)...
Thanks for all the comments trying to make them seem legit, you've made me make up my mind and NOT invest in them.
Really, I heard from them in a Steam guide that talked about how to get BTC to spend on Steam a while back, since it was the first time I had looked up Bitcoins in a long time I checked up all the sites they talked about (I kinda gave up on Bitcoin when they were a new thing because they were so cheap and to mine wasn't worth for me due to electricity costs in here, then BOOM kinda found out if I had worked a bit on mining back then or just bought some could've gotten "rich" today...).
When I first saw recyclix they seemed legit to me, but back then, like 6~7 months ago, even HashOcean seemed legit and took me months and the loss of about 10 dollars in BTC to find out that the so WOW CLOUD MINING wasn't so trustable, seeing as every single cloud mining I heard of in February has gone down and everyday I see ads of new cloud mining websites... After wasting a lot of time doing captchas just to lose the hard earned satoshi to ponzi schemes and HYIPs I've started to look up every site before I decided to invest, and most of them were possible ponzis, several already disappeared, but I still had hope that maybe someone doing a legit business like recycling could not be a scam, then I decided to research if they were legit, which brought me to this tread, coming from an article in Affiliate UnGuru.
All the facts both the OP and the guy who wrote the article presented got me almost convinced it was a scam, but what truly convinced me that it might be better to stay away from it was that the only people who are actively defending that website have the lowest activity levels, accounting at most to the amount of replies they've made on this very thread. And most of these people had the same kind of broken English...
That just makes the company look more and more suspicious to me. And I don't feel like losing 20 euros, as that would be close to 73 bucks for me.
I guess either I've achieved the level of paranoia where I'll never trust any BTC investment and will lose a lot of opportunities, or... every single one is some kind of shady scheme and the only ways I'll get BTC are doing captchas, buying or selling my signature on this forum. (Mining is still out of question for me)
legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
People are starting to wake up over on Recyclix fanboi-central.
Quote


@Hoàng If you have 9000 Euro with Recyclix you need to withdraw it because this whole McDonald's 'partnership' was just to boost their credibility through fraudulent claims and is sufficiently desperate a move, given how easily it was debunked, that it indicates this ponzi scheme can't survive much longer. They already set in place numerous ways to throttle the withdrawing of money, so it won't be long before you start hearing about how nobody is able to withdraw and you'll never see that 9000 Euro reach you.

@Recyclix It hasn't been 'addressed' multiple times, you used your claimed 'partnership' with McDonald's in order to falsely imply a level of legitimacy for your operation you do not have. McDonald's are not going to take kindly to an obvious ponzi scheme trying to promote itself, and its 'investment platform', through false association. Stop talking about how this has been 'addressed' when it hasn't. You said you'd give the name of this supposed 'partner' but I'm not seeing that information being posted quite as readily as the disturbing information about how you are setting up field offices in impoverished nations with weak financial oversight and shady banking systems.



legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Update:

Recyclix has still not offered up any evidence of their claimed partnership-through-association-with-an-unnamed-third-party-company 'deal' with McDonald's Netherlands, which went from being 'The Netherlands' to 'Well, not The Netherlands, we actually meant some independent restaurants', to 'Wait, we didn't actually say it was us! No, silly, it is another company we're not naming that we have a deal with who has a deal with . . .'

What they have made sure to do, of course, is talk about how they've sent a group of their shills to another dirt-poor country and done a presentation to convince people to send them money:
Quote from: Recyclix Facebook
RECYCLIX NEWS

Less than two years ago Recyclix was only present in Eastern Europe. However, thanks to daily hard work and recognition by thousands of people around the world, Recyclix managed to go global during such a short period of time.

Today we’d like to share excellent news from our promotion and expansion department in Africa. On August 9 to 16 staff members of Recyclix Africa traveled to Lomé, Togo, to have a series of business meeting with investors and hold a conference about working with Recyclix on August 14 at Agora Senghor conference hall.

The conference proved to be a success and attracted numerous participants who enjoyed an exciting discussion about Recyclix workflow and benefits as well as an enlightening Q&A session. The Recyclix activities were covered by the national and private Togolese TV channels, TVT and LCF.

Quote
Is Togo a poor country?
Poverty in Togo. LOMÉ, Togo — One of the smallest countries in Africa, Togo is bordered by Ghana to the west, Benin to the East and Burkina Faso to the North. Togo has a population of around 6.6 million people. Togo is one of the poorest countries in the world.

Remember, none of these promotions involves actual plastics recycling, the sole aim of these trips to impoverished nations with lack of financial oversight and enforcement is to convince more people to deposit money into their scheme and may well actually be part of the creation of a more effective means to disperse their European-based funds into far-flung opaque banking systems to prevent recovery when this ponzi scam collapses, which it will because of basic mathematics.




legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Interesting topic. I haven't 'invested' in Recyclix and probably won't. Nobody knows for sure whether they're a scam or not but it sure looks like a real company. I even found that they're attending some fair this year - http://www.easyfairs.com/de/events_216/schuettgut-basel-2016_77984/schuettgut-basel-2016_77991/aussteller-produkte_78856/ausstellerkatalog_78863/stand/613046/ - Schüttgut basel 2016

Is ultimately irrelevant whether they attend trade shows or even have a plastics recycling operation somewhere in their ponzi setup:

Whether they are paying a recycling centre to plaster their logo in photo-friendly places while they show a bunch of people wandering around in hard-hats, or that they do actually own a plastics recycling centre, the fact is these 'open days' are irrelevant to organised scammers who stand to make steal millions of dollars through putting up a façade of legitimacy by way of spending a tiny tiny fraction of their deposits on an 'open day' or having a stand at a trade conference.

The bullet-proof evidence, irrespective of whether there is a genuine recycling centre involved or not, that you can always use to cut through the bullshit is the simple truth that Recyclix is offering returns which FAR EXCEED most legitimate businesses in ANY INDUSTRY, let alone the plastics recycling industry which has seen a massive slump during these past few years owing to the crash in oil prices.

They simply cannot be making the degree of profit necessary to cover the return they are claiming to offer 'investors'.

That is how you know, without doubt, they are running a fraudulent investment operation.




hero member
Activity: 704
Merit: 559
online justice
Interesting topic. I haven't 'invested' in Recyclix and probably won't. Nobody knows for sure whether they're a scam or not but it sure looks like a real company. I even found that they're attending some fair this year - http://www.easyfairs.com/de/events_216/schuettgut-basel-2016_77984/schuettgut-basel-2016_77991/aussteller-produkte_78856/ausstellerkatalog_78863/stand/613046/ - Schüttgut basel 2016

It isn't scam, it is mostly a ponzi. And yes, they try to look like a real company. But what proof this link? That they ordered a place on a fair trade. Does it make this company legit or give a hint to this? No.
member
Activity: 64
Merit: 10
Interesting topic. I haven't 'invested' in Recyclix and probably won't. Nobody knows for sure whether they're a scam or not but it sure looks like a real company. I even found that they're attending some fair this year - http://www.easyfairs.com/de/events_216/schuettgut-basel-2016_77984/schuettgut-basel-2016_77991/aussteller-produkte_78856/ausstellerkatalog_78863/stand/613046/ - Schüttgut basel 2016
This company initiators is - Germany, who purchased domain from 2001 year, then they transfered domain and company to Poland in 2015...
newbie
Activity: 2
Merit: 0
Interesting topic. I haven't 'invested' in Recyclix and probably won't. Nobody knows for sure whether they're a scam or not but it sure looks like a real company. I even found that they're attending some fair this year - http://www.easyfairs.com/de/events_216/schuettgut-basel-2016_77984/schuettgut-basel-2016_77991/aussteller-produkte_78856/ausstellerkatalog_78863/stand/613046/ - Schüttgut basel 2016
legendary
Activity: 3654
Merit: 8909
https://bpip.org
You will still find a reason that it is a Ponzi why you do not look for a number of reasons that this is not a Ponzi?
Basic functions on that system IS SELL AND BUY, like forex trading system.

The reasons why it's a ponzi have been eloquently laid out by cryptodevil, I don't have to look for that.

So far I haven't seen anything proving otherwise. T&Cs from their own site mean jack shit. Garza had gawesome T&Cs and ran a ponzi just the same. Replace hashlets with "waste" or whatever bullshit Recyclix is selling and there you have it.

And no, it's not "like forex trading system". You are not trading on an open market. You can't pack your shit up and go to another broker or exchange. There is one entity that controls everything. Even the link you provided clearly states "The User may not transfer the rights over waste, recycling materials or granules, as well as funds on the Account of his or her, to any third parties.". Pretty much the opposite of Forex or stock market or any other legitimate market you would like to compare it to.

Perhaps you should do some reading yourself. But then again, that would cut into your precious shilling time (was going to say "beer time" but I doubt that you make enough off your referrals to afford beer). Get a job. Seriously.
member
Activity: 64
Merit: 10
Why are you saying "lose money" if you put 100 EUR in and can get 106.80 EUR out? Don't look at the 120 EUR number, it's fake, it doesn't exist, it depends on other people bringing new money and thinking like you are now: "if I just wait a little bit more...". Guess what, someone will be left holding the bag and you don't want to be that person.
Read this first! https://recyclix.com/paymentPolicy/

Actually I've read this and a lot of other bullshit on their website when I first came across this thread.

Again, how is all that tripe preventing them from being a ponzi?
You will still find a reason that it is a Ponzi why you do not look for a number of reasons that this is not a Ponzi?
Basic functions on that system IS SELL AND BUY, like forex trading system.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Why are you saying "lose money" if you put 100 EUR in and can get 106.80 EUR out? Don't look at the 120 EUR number, it's fake, it doesn't exist, it depends on other people bringing new money and thinking like you are now: "if I just wait a little bit more...". Guess what, someone will be left holding the bag and you don't want to be that person.
Read this first! https://recyclix.com/paymentPolicy/

Actually I've read this and a lot of other bullshit on their website when I first came across this thread.

Again, how is all that tripe preventing them from being a ponzi?
member
Activity: 64
Merit: 10
Why are you saying "lose money" if you put 100 EUR in and can get 106.80 EUR out? Don't look at the 120 EUR number, it's fake, it doesn't exist, it depends on other people bringing new money and thinking like you are now: "if I just wait a little bit more...". Guess what, someone will be left holding the bag and you don't want to be that person.
Read this first! https://recyclix.com/paymentPolicy/
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