Topic: Polish-registered recyclix.com is a Ponzi scheme and provably so. - page 6. (Read 95492 times)

Whatever you say, Italy, has blocked, "bla bla bla", I think its other reason, maybe Italians dont have good authentications or other things.

I don't know why the picture taken with the door saying "recyclix" doesn't appear anywhere in the Street View. Does the address correspond to the picture?

So Italy's Financial Authority (CONSOB), who has since blocked the Recyclix website after reporting that they refused to provide the requested information which would have shown if they were a legitimate operation, are scammers themselves are they?

Why would a legitimate operation fail to provide information requested by the authorities which could have exonerated them?

The answer is that a legitimate business would not deny the request. Recyclix are running a scam, that's why they refused and that is why Italy has blocked their website.

I have no problems, my account is still alive on. If you remember, system programmed 60 days acc disactivation if any account users don't join in site on 60 days range. If you dont know this information its your fault.
If you don't invest anything - its your fault. Inactive accounts have 60 day limit. You don't like conditions? So the way is open for you! No one holding on you! Conditions changed.
Most ppls who call scam, they is scammers with bitcoin. No one cares. I dont trust bitcoin.

Which site deletes your account if you have invested money in it.On seeing this thread i tried to log in and it says that your account is deleted and it says if you do not convert it into an active account by funding within 60 days,it is not possible to reactivate it.I do not mind losing my account as i just had 25 euro if i remember correctly .It is just a dumb site.



 

On to yet another day of obfuscation and excuses for why Recyclix continue to fail to process withdrawal requests:
The excuse given for their failure to process bitcoin withdrawals appears to completely ignore the fact they receive many bitcoin payments from their 'investors' for, supposedly, purchasing the plastic waste in the first place.

So you have an incoming source of bitcoin as well as an incoming source of 'hard currency' from the, supposed, sale of the plastic granules. This means their excuses about not having bitcoin to hand is bullshit. Well, that and everything else they claim about their bullshit ponzi scam.

Another day, another slew of panicked 'investors' wanting their money, so we can't simply keep posting up replies as excuses, let's be proactive and blame all this withdrawal throttling and freezing on the banks:

Recyclix isn't a registered 'money transmitter', with customers subject to strict KYC and Due Diligence, they are just supposed to be an innocent 'crowdfunding' platform, right? So why would the banks make such demands on Recyclix 'customers'? They wouldn't, like most of everything surrounding this scam, it is a lie.

I think we are now witnessing the collapse of this ponzi.

My concern is that all of these ID-documentation demands are simply furnishing these criminals with valuable data for use in identity-theft fraud.

That's right, withdraws is limited? What the point for you guys make disinformation about recyclix "scam, ponzi or other bla bla bla" I have no troubles with they, they pays every order, to everyone, you must understand why they limited withdraws, and why they did that.  Stop calling them fraud, or scam, you dont lost your money there, and you CAN'T SAY ANYTHING BAD THINGS ABOUT THIS SYSTEM IF YOU DONT USE THIS. If you lose something here, then show me your experience? Show me what you did here and what u lose here?
Recyclix confirms every payout every 2-5 work day. I got paid from this system every time when i do withdraw order.
Forum chats, blogs, and bloggers mostly disinformators!!! LIKE YOU!!!

yeah its really shady .  at first i actually thought it was legit . but since a lot of info was brought to my attention .  I have change my thoughts on them .   

Weak comeback dude. Cryptodevil quoted recyclix official posts and there is no doubt that withdrawals are being restricted one way or another. Blaming it on security is a fairly common excuse among scammers. Unless you're saying that recyclix are "desinforming" their customers, which sounds about right.

Disinformation, really?

Recyclix tell everybody who logs in via social media they now have to change their password as that function has been taken away as a supposed 'security risk', but in changing their password they are then subject to an automatic five week block on withdrawing their money.

Add to that every other slight change a user might make to their account, such as wanting to enable bitcoin transactions, which also results in a five week block on withdrawals, and you pretty much have a situation in which most people are prevented from withdrawing their funds from this scam for a considerable  length of time.

Either Recyclix succeed in this freezing process of throttling withdrawals while they scrabble around for new 'investors' to send them money to cover the outgoings, or they will fail to stem the flow sufficiently and...

Calm down, it's all fine! Their Legal and finance TEAMS are working on it. 
A company that lacks a real office has whole teams of employees working to resolve their issues. Flying pigs and all that...

Total desinformator!

The drop in incoming 'investor' deposits of new funds must be making it *real* hard for this ponzi to cover the increasing size of the withdrawal requests now, hence the prevalence of queries about incomplete transfers, blocked accounts and contradictory replies from the Recyclix scammers.

First up, we have the make-a-change-to-your-account-and-see-it-blocked-from-withdrawals-for-five-weeks functionality, for your benefit of course!

Next we have the many complaints building up about pending withdrawal requests not being processed and Chinese 'investors' being told they can't withdraw in bitcoin:

Then, we have this amusing little contradiction:

On the one hand they are tightly restricting bitcoin withdrawals, going so far as to state they are not a bitcoin exchange and how they prefer to use 'hard currency', only to follow up that reply with one which says they have an 'issue' with paying out in said 'hard currency' because the banks are making it 'challenging' for them. <=---(Read: Shit, the Feds are catching up with us!)

its was down when i posted it is however up now .   

their site is up for me, cant belive it.

yes, where these cryers, when site was been down?

i remember an adzcoin team member faithfully promoted this recyclix on his signature and on facebook, i think they're also behind this one seeing his ref link is below 10 which makes him the first 10 registrant of this ponzi.

site is down now .   

holy cow if someone has that much on recyclix  thats insane . thats more than 15k invested . 

It's so obvious that they are scamming.
They minimize the withdrawals made per week so they get less compliments.
Anyway, if some large withdrawals will appear, I am pretty sure they will close down this case and they will just turn into an exit scam, that's exactly how ponzi scheme works