Topic: [Scam Warning] Freldo scams their users (Read 361 times)

are any of you still following the project?
meanwhile the official telegram channel https://t.me/FreldoChat has been taken over by Wazirx
also @juliafreldo whatever the main contact person for various issues has disappeared/hidden/renamed.
so now is the final end and it looks like the group with almost 22000 members has been sold.

The firm I work at is currently in the process of suing both Freldo Inc as well as their CEO for civil fraud in Ontario. So far we have two plaintiffs who have entered into Freldo token purchase agreements where they exchanged USD for FRECNX. They are not crypto-savy and were taken advantage of by the CEO personally. We are going after these guys.

Would anyone in this thread be interested in participating in the litigation? I was thinking of forming a class.

The primary advantage of a class action is that it is often the only realistic option to bringing justice to a cause. It allows a group of people to have access to the courts in situations where the case would be too expensive or too complex for one person to sue on his or her own.

All class members stand to benefit from a successful class action and are not burdened with the expense and inconvenience of starting and prosecuting their own lawsuit. There are also no costs or legal fee associated with being a class member and no risk of any adverse awards if the class action is not successful.

We only get paid through a contingency fee, meaning we only get paid if the case settles or if it goes to trial and we win. The lawyer gets paid a percentage of what the class wins.

If anyone here is interested please send me message.

I received the same message as you after I published this post.

I totally agree. The CEO has disappeared and that admin "Julia" is also disappeared from their telegram group. If you checked their telegram group you will not find any admin active for the last 3 months. Only an automated bot that publishing some posts every day but no admins or no team members are alive. They scammed the users and ran away.

I have waited for a very long time and shown a lot of patience. But now I have had enough.

i have supported the flag and left both official "freldo" users the appropriate trust.
https://bitcointalk.org/index.php?action=trust;flag=633
https://bitcointalksearch.org/user/freldo-2024523
https://bitcointalksearch.org/user/freldogroup-2612674

i translated the website and whitepapers in mid 2018 and for 1,5 years now there are only empty promises. there are no reactions anymore and except for an airdrop + binance announcement (to fool even more users) there was no feedback at all.
in my eyes 100% scam and the coloped income of 20 million usd at the ico was surely a lie too.

also shows how little reliance on portals like https://icobench.com/ico/freldo + https://icomarks.com/ieo/freldo is.
in the end a big lie that probably earned the responsible people a lot of money.

I support the Flag that the OP has raised. I am one of those FRECN holders who raised so many issues on various social sites of this scam project earlier this year. Apart from raising funds and then providing no end product for a year and launching another scam token called FRECNX without giving the FRECN holders proper chance of swapping it with FRECNX according to their own article https://steemit.com/freldo/@freldo/freldo-token-next-generation. They have come up with ridiculous excuse such as they would only give FRECN holders the chance to swap it once FRECNX gets listed on Binance! This is a joke really. With no product, only using poor ICO  buyers money to list scam token on various shite exchanges this team expect that they can fool Binance! They just ban people whoever raise valid question in their telegram group. I spoke out loudly back when I found them suspicious on many places and this is the reply I got from their Julia. At that time they reported a couple of my social sites and which resulted in ban or removing my comments.

I did. You can PM me

Hello!
I want to write you a personal message. But can't do it!

User 'The Planner' has not chosen to allow messages from newbies.
Or please write to me!

Please change the settings!

Freldo issued another replacement for their tokens called "FRECNX" without swapping their old tokens "FRECN" to the new one. they didn't remove the old tokens from exchanges or freeze the tokens in the wallets. They are procrastinating in the swap. They did a new IEO for their new token. They announced many dates for the swap but they canceled it. And now they are saying that they will do the swap after listing on Binance and they are asking the users to help them in that to be listed on Binance.



You can't ask any question about their old tokens in their group.  If you did that, your message will be deleted and you will receive a notification to contact their mysterious admin which called "Julia". "Julia" will tell you one of her lies to force you to wait. That is happening for many months until now.

The old token "FRECN" is still tradable on an exchange called "kanga exchange" and The new token "FRECNX" was been traded for the last months on "Idex exchange" and after they made their IEO on "BCEX", They delisted their tokens from "Idex exchange" and started the trading on "BCEX".







Also in their ANN thread, they not giving any answers. they say the same sentence "contact Julia"




No clear answers, no clear vision, no interest in users, a lot of mystery.


Links:
Old tokens exchange "FRECN"
https://kanga.exchange/market/FRECN-ETH

New token exchange "FRECNX"
https://www.bcex.ca/trade/frecnx_eth