Ponzi Scheme - Unrealistic 100% Affiliate Reward - UPTOKEN

TalkStar

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Quote from: marlboroza on July 31, 2019, 07:10:19 PM

For some strange reason this reminds me of mypayingads mlm.

Getting same smell from my side and its really hard to forget the mega scam of MPA & MPCA. After seeing bitcoin price current recovery old MLM scammers are awake now. There were so many peoples who dreamed to be millionaire through MPA but all their hope ended with a unforgettable historical scam Roll Eyes

.

aioc

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Quote from: marlboroza on July 31, 2019, 07:10:19 PM

For some strange reason this reminds me of mypayingads mlm.

With schemes like this no one has to work any more, just go to bank, take a big loan, pay up to 10% annual interest, invest money in uptoken, after cca half year return loan + interest to bank, reinvest remaining money back to uptoken and after few years everyone is rich Cheesy

Affiliate program looks like pyramid but with one level.

Yes you are right provided that this program will not close, but this kind of plan is just a bait, so they can invite people to invest, once the money stop coming in that's the time they will run into a problem because there will be no more funds for the latecomer, this is like an early bird scenario case.

marlboroza

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For some strange reason this reminds me of mypayingads mlm.

With schemes like this no one has to work any more, just go to bank, take a big loan, pay up to 10% annual interest, invest money in uptoken, after cca half year return loan + interest to bank, reinvest remaining money back to uptoken and after few years everyone is rich Cheesy

Affiliate program looks like pyramid but with one level.

TalkStar

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Quote from: The Cryptovator on July 31, 2019, 10:26:21 AM

However, I appreciate OP work to identify scammer but you should search at least in scam accusation board if there is any other open accusation. Hope you will not get me wrong.

I wanna let you know something about these scammers. In previous scam accusation there was different domain.
You can take a look here;

Previous website: https://download.uptokenwallet.com
Current website: https://upbankcrypto.com

In previous website they used team but in newer one they hide this section and came with a complete new look. From my own thinking i can say that they were proven scammers and came again with new ideas to steal money from investors. I just tried to reveal their new face and fraudulent activity to everyone.

Quote from: CucakRowo on July 31, 2019, 10:31:02 AM

I only found irregularities in their AFA certificates

Yeah their patent and trademark certificate is nothing but a cheap trick to gain investors trust.

CucakRowo

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aka JAGEND.

Quote from: The Cryptovator on July 31, 2019, 10:26:21 AM

So they have removed their fake team from their website since I can't find any team member now. Very likely they are real scammer, seems they are going to run ponzi scheme also. Affiliate commission is really unrealistic (IMO).

Yeah, i can't find team also inside their website.
I only found irregularities in their AFA certificates

The Cryptovator

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Signature space for rent

Quote from: CucakRowo on July 31, 2019, 09:48:02 AM

Updated information added through this thread : https://bitcointalksearch.org/topic/m.52017092[/url

So they have removed their fake team from their website since I can't find any team member now. Very likely they are real scammer, seems they are going to run ponzi scheme also. Affiliate commission is really unrealistic (IMO).

However, I appreciate OP work to identify scammer but you should search at least in scam accusation board if there is any other open accusation. Hope you will not get me wrong.

CucakRowo

hero member

Activity: 994

Merit: 593

aka JAGEND.

Updated information added through this thread : https://bitcointalksearch.org/topic/m.52017092

TalkStar

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What happened: PONZI PROJECT - OFFERING UNREALISTIC AFFILIATE REWARD
Scammers website: https://upbankcrypto.com/
Archive link: https://archive.is/OBy1L
ANN thread link: https://bitcointalk.org/index.php?topic=5170700.0&fbclid=IwAR1vFe0Cq7MisMu3dJImD6rcS8RQbn9NCLg6jsZitReja2urHLfw91D9VfE
Archive link: https://archive.is/sYDos
Scammers profile link: https://bitcointalksearch.org/user/nicole0102-2381184 (Already have a opened flag on this user)

Domain Information:

Quote

Domain Name: upbankcrypto.com
Registry Domain ID: 2385509878_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2019-04-29
Creation Date: 2019-04-29
Registrar Registration Expiration Date: 2020-04-29

Introducing a suspicious ponzi project called "UPTOKEN ". They are offering common return plans for investors. Most interesting thing is that their return plans are nothing but a encouragement for getting big number of deposits from investors.

Lets take a look on their investment plans;

They are offering a very unrealistic affiliate rewards for getting investor on their project which is very suspicious IMO. If a project give 100% of deposited amount to any users referral as an affiliate reward than i think its pretty much easier for us easier to detect their real intention behind this project.

Just take another look here;

I will suggest our community users and investors to be careful enough before investing their fund on this kind of Ponzi project.

Topic: Ponzi Scheme - Unrealistic 100% Affiliate Reward - UPTOKEN (Read 260 times)