Possible Ponzi/Pyramid Scheme - Was going to report to mods, but...

neotronix

newbie

Activity: 67

Merit: 0

Quote from: MagicSmoker on June 17, 2018, 09:34:49 AM

I can't believe the brazen request to send money directly to "The Keepers" - you totally called it.

anyone of the community participants can become the Keeper. And yes, we trust each other, because the Keepers are the same participants as anyone else of us. The money of community is not kept by the Keepers, but in the blockchain. Keepers only authorized to click the button for payments

Quote from: MagicSmoker on June 17, 2018, 09:34:49 AM

@neotronix - I am singularly uninterested in any defense you might put forward; as far as I am concerned you are bitconnect 2.0 and I thought the original bitconnect was a Ponzi/pyramid scheme, too, before it imploded so spectacularly.

I was just a member of Bitconnect, that started after Mercury was created in 2013 and worked for about 1 year. Unlike of Bitconnect, Mercury works for about 5 years. So, Mercury is not "bitconnect2.0" because Mercury existed before Bitconnect.

MagicSmoker

full member

Activity: 420

Merit: 182

Quote from: tmfp on June 17, 2018, 08:26:31 AM

...
This is getting off topic for this thread so I won't respond any more here, but have crossposted this to here
https://bitcointalk.org/index.php?topic=2460570.40
where, no doubt, the charade will play out. That's play out, not pay out....

I can't believe the brazen request to send money directly to "The Keepers" - you totally called it.

And thanks to @marlboroza and @OgNasty for painting this scammer red.

@neotronix - I am singularly uninterested in any defense you might put forward; as far as I am concerned you are bitconnect 2.0 and I thought the original bitconnect was a Ponzi/pyramid scheme, too, before it imploded so spectacularly.

neotronix

newbie

Activity: 67

Merit: 0

Quote from: tmfp on June 17, 2018, 08:26:31 AM

Mercury Global does not and never will "work endlessly", it is a reboot of Mercury Mutual Fund which collapsed in 2016 and will collapse in due course itself.

Mercury just has suspended its activities in 2016 because bank accounts of community participants were frozen. This is not a community scam, it is a scam of banks. Now the community does not cooperate with banks. Despite this all lost funds of participants converted into the cryptocurrency. This proves once again that the banking system has outlived itself and has lost confidence

Quote from: tmfp on June 17, 2018, 08:26:31 AM

This phase of the scam is usually heralded by signs of an exit strategy, for example when participants are encouraged by discounts or premiums to send funds outside of the normal accounting procedure, directly to the personal account of the admins.

The community periodically provides discounts or premiums to its members.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: neotronix on June 17, 2018, 04:00:25 AM

Quote from: tmfp on June 13, 2018, 04:56:59 PM

It's one of those slowburn scams that seem to be a particular favorite in Russia, home of the HYIP.

Russia is not a home of the HYIP. Charles Ponzi (1882-1949) is an American of Italian descent. Generally, we do not touch on the topic of nationality here.

There were ponzis before Ponzi.
The acronym HYIP (as opposed to uncapitalized "high yield investment program) is a modern term of scam obfuscation, having different shades of meaning in different societies.
My reference to Russia was not derogatory per se, but based on my experience of analysing hundreds of these schemes.
Multi 'investment', sprawling, baroque creations such as this one are a popular template for attracting investors/players/mugs from Russia and Eastern Europe.
Other countries favor other structures: Africans have a weakness for cash gifting schemes, Americans a soft spot for miracle cures, supplements and such like, whereas South Asian schemes based on "education" are very popular.
Of course these are generalizations; there are global scam favorites like forex and arbitrage which appeal to "passive investors" everywhere.

Quote from: neotronix on June 12, 2018, 10:21:50 AM

The Keepers, who participate in the Leadership Summit, have made a collegial decision to hold a festive promotion for all participants of Mercury Global.

From 15 to 21 June inclusive, each participant, who transfers funds to the project management directly from the payment system Perfect Money, receives + 10% to the transferred funds.

This is getting off topic for this thread so I won't respond any more here, but have crossposted this to here
https://bitcointalk.org/index.php?topic=2460570.40
where, no doubt, the charade will play out. That's play out, not pay out....

neotronix

newbie

Activity: 67

Merit: 0

Quote from: tmfp on June 13, 2018, 04:56:59 PM

It's one of those slowburn scams that seem to be a particular favorite in Russia, home of the HYIP.

You contradict yourself. Russia is not a home of the HYIP. Charles Ponzi (1882-1949) is an American of Italian descent. Generally, we do not touch on the topic of nationality here.

You can not say that anything is a scam before someone has been deceived. Otherwise you are lying.
Read Why Mercury Global work endlessly?

neotronix

newbie

Activity: 67

Merit: 0

Quote from: MagicSmoker on June 13, 2018, 01:53:46 PM

So, basically promising an outrageous 300% return IF you keep your "investment" locked up for 300 days

Mercury Global lending platform works like a bank - just redistributes money between participants. But unlike of bank, you can't withdraw your entire deposit immediately, only ~1% daily during 300 days, therefore crash does not occur. Mercury Global works successfully for about 5 years and has about 1 000 000 trusting participants around the world.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Quote from: OgNasty on June 13, 2018, 02:59:23 PM

I left some feedback...

Were you ever involved in any Ponzi scheme yourself before? if yes then your feedback means jack, if people see that you have had some shady activity regarding similar Ponzi-like schemes, they wont trust your feedback.

However I haven't seen you endorsing any project other than a few which I would like to assume that they were successful at the end and nobody lost any money just because you were endorsing the projects.
All in all, thank you for your vigilance.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

It's one of those slowburn scams that seem to be a particular favorite in Russia, home of the HYIP.
Naturally there are referral commissions involved, making it a pyramid/ponzi hybrid.

The shill neotronix, was a Bitconnect fan and obviously felt inspired by this wordpress wonder.

Quote from: neotronix on November 27, 2017, 07:02:59 AM

Bitconnect trades on exchanges with bots using cryptocurrencies volatility since Nov 2016 and is not ponzi.

The hard faced, hard sell ladies with names ending in V do a great line in totally believably popups.

As has been pointed out, scams aren't moderated here.

MagicSmoker

full member

Activity: 420

Merit: 182

Quote from: OgNasty on June 13, 2018, 02:59:23 PM

I left some feedback...

So you did... Grin

My work here is done!

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

I left some feedback...

MagicSmoker

full member

Activity: 420

Merit: 182

Quote from: The Sceptical Chymist on June 13, 2018, 01:58:39 PM

Yeah, it's an obvious Ponzi scheme, but that sort of thing isn't moderated here in case you weren't aware. Scammers are free to scam here--they won't get banned, but they usually get tagged by DT members if any of them are looking.

That was my interpretation, too, but this seemed so outrageous I wanted another opinion.

I think I'll provide a link to the HoweyCoins ICO and see if any of those dumbasses pick up on the [probably too subtle] hint.

The Sceptical Chymist

legendary

Activity: 3332

Merit: 6809

Cashback 15%

Yeah, it's an obvious Ponzi scheme, but that sort of thing isn't moderated here in case you weren't aware. Scammers are free to scam here--they won't get banned, but they usually get tagged by DT members if any of them are looking.

People need to exercise some common sense and avoid these schemes, but this one probably belongs in the "investor-based games" section, which is where people willingly and knowingly put money into Ponzis. I think most of the people who participate in that section are complete morons, but to each his own.

Bottom line: Don't bother reporting Ponzi scheme threads. You can give them red trust if you want, but that's about it.

MagicSmoker

full member

Activity: 420

Merit: 182

...I thought I'd post about it here first, because I usually just report plagiarism and the more egregious spammers/shitposters and wanted to get the opinion of the more seasoned members here on whether this should be filed under: "distasteful, but tolerable" or "insta-ban"?

So the thread in question: https://bitcointalksearch.org/topic/mercury-115-daily-return-btc-eth-ltc-usd-eur-2460570

And a quote from the thread for those too lazy to click on it (like I normally am, hence my accommodation here):

Quote from: neotronix on November 25, 2017, 10:48:30 AM

...
Unlike of other lending programs you can lend not only USD, but EUR, BTC, ETH and LTC in Mercury Global lending platform. You will receive up to 1.15% daily return during every 300 days in each of these cryptocurrencies. Reinvestments increases your income exponentially. Compound calculator http://compoundaily.com. Lending of eCurrency (ECR) also will be soon.
...

So, basically promising an outrageous 300% return IF you keep your "investment" locked up for 300 days. What Could Possibly Go Wrong?

Topic: Possible Ponzi/Pyramid Scheme - Was going to report to mods, but... (Read 260 times)