Topic: RECOIN - The latest SCAM Altcoin Warning!!! Please Read!!! - page 2. (Read 3336 times)

Good to see more people realizing it and doing something. I have been on the backs of these people on the boards they can't control trying to expose them as much as I can on my free time. There are so many ICO scams around that I decided I could only focus my time on one and at least put my 2 cents on avoiding somebody to be scammed.

They have blocked me from their different FB, twitter and other groups they control. Here in the forums they just keep posting from their fake accounts to try to turn the page. The supposed charity where part of the money goes is owned by him. 85% of the mined coins go to his own Turst and even his name directly. The list doesn't end.

I even posted how based on the dozens of domains the guy owns, the only real address you could find is from other older domains leading to a house in NY. His Nevada and Cali fake businesses all point to PO box stores. But even as this was publicly available information the admin here deleted my post, so I just decided to stop wasting my time.

You can read some here:
https://bitcointalk.org/index.php?topic=2014062.120

The guy also says he studied law but I couldn't find him accredited by any of the Bar associations in NY, NV and CA as able to practice. The only good thing is that with this guy residing in the US, taking money from US people and with the SEC now considering these ICOs as securities, there is a good chance he can be caught if he gets to scam a good number of people.

Two thumbs up for your post.

There are so many scams popping up lately that it's hard to keep up all of them.

It doesn't sound much different than most altcoins to be honest but thank you for your assessment, if it is as obvious as you say I'm sure many others will notice it too.

REcoin is a complete scam.  I took some time to research into it a bit and the whole thing is a fake business with any money going to the founder and CEO 'Maksim Zaslavskiy'.  RECOIN is supposed to be a real estate crypto with a whole bunch of different impressive sounding websites and various real estate related businesses being funded by it but when you read the white paper and go to the web site you'll soon realize that the whole thing is a paper thin front.   First off there are no other 'team members' other than this one guy...Maksim.  No partner companies, no other people such as programmers or anyone with a tech, finance or real estate background.  Then, if you read the white paper you'll see that there are a variety of 'trusts' and committees and boards that all in effect put Maksim in control of everything.  In fact it even says that a percentage of coins mined go directly to Maksim and that he has sole control of the trust as well as his heirs etc.   It mentions that the coin will be backed by real estate but there is absolutely no evidence that there is any real estate owned by RECOIN or even that anyone at the company has any experience dealing with real estate.  No major real estate partners or financial firms partners, no advisors...the whole thing is completely void of anything tangible.   Finally, if you go to some of the ICO message boards around the net you'll see the same group of fake russian sounding broken english accounts trying to hype this RECOIN up....but when anyone asks a legitimate question there's no answer except yet ANOTHER new fake russian or ukrainian speaking account hyping it still more.   They are supposedly having their ICO on August 7-8th.  Frankly, I think anyone that sends them money will lose it and never hear from them again.

Their website is 101recoin.com but if you read their materials carefully...besides all the totally unprofessional broken english you'll see that there is no company here.  The ICO will just shuffle your hard earned bitcoin or ethereu into this guy 'Maksim's' pocket.  He'll then probably take a nice long vacation on your hard earned dough.  Nowhere on the site, whitepaper, video or anything connected with this guy is there even a hint of any real estate experience.  In fact the only 'business' i could find was ANOTHER scam...a fake 'charity' called 'live laugh love' that several message boards and a facebook page say stole money from them.  And surprise...RECOIN says a portion of their money will be donated to 'Live Laugh Love'...which is run and owned by...you guessed it...Maksim!    What a total scam this is.  Someone should call the FBI.