CubeBit has responded to our printed October twenty fifth assessment.
Moderately than deal with BehindMLM exposing their actor CEO or “Ponzi pyramid ecosystem” enterprise mannequin although, CubeBit has swept its securities fraud below the carpet.
Moderately than simply identify BehindMLM because the publication it’s responding to, CubeBit said;
We’re releasing this assertion following a harmful assessment that has been posted concerning our Cubebit Ecosystem on October 25, 2020 on an internet site that claims to ‘show to be a helpful useful resource to folks curious in regards to the MLM business and the businesses that exist inside it.’
This might have simply simply been shortened to; “We’re releasing this assertion following a harmful assessment that has been posted” on BehindMLM, however I digress.
CubeBit continued;
We want to take this chance to deal with the fabricated contents of this text beginning off with the condemning point out of MLM.
Seeing as we didn’t “condemn MLM” in our assessment, we don’t know what CubeBit are on about.
After waffling on about how nice MLM is for a number of sentences, CubeBit tried to deal with securities fraud.
Dice Blockchain FZC can also be registered, licensed, and in compliance with all rules of the United Arab Emirates.
Regulation of MLM securities fraud within the UAE is non-existent. It’s why scammers flock to Dubai and register shell corporations within the UAE to run scams via.
With respect to securities fraud, the scammers behind CubeBit registering a shell firm within the UAE is meaningless.
On the time of publication Alexa ranks Pakistan as the only notable supply of visitors to CubeBit’s web site.
Securities in Pakistan are regulated by the nation’s SEC. CubeBit just isn’t registered with the Pakistan SEC, and subsequently commits securities fraud in its major market.
This truth just isn’t addressed by CubeBit of their assessment response.
Regardless of committing securities fraud and operating a Ponzi scheme, CubeBit maintains it’s a “respected and accountable group”.
It’s value noting that previous to publishing its October twenty seventh response on social media, CubeBit reached out to BehindMLM by way of e-mail.
On October twenty fifth Myrtle Ramos, citing himself as CubeBit’s PR Director, wrote;
Hiya admins,
How are you? Hope issues are all nicely! That is the PR supervisor of Cubebit.
We might like to request for this put up to be checked completely as a result of it’s a part of an abuse/act of defamation.
We might perceive that we have now free speech, however we have to take a stand in preventing for our fame.
We’ve got all mandatory paperwork and licenses and we want to request for this put up to be eliminated. Just lately, somebody was terminated by our firm and we do imagine that that is his doing.
To which I replied;
Hello,
We stand by the accuracy of our analysis. Be at liberty to level out any inaccuracies and we will go from there.
On October twenty sixth CubeBit wrote again with;
Please test completely our web site … for additional info.
To which I replied;
Already did. Our assessment relies on info discovered on CubeBit’s varied web sites and its compensation plan.
Be at liberty to level out any particular inaccuracies with our analysis.
Later that very same day CubeBit responded to verify they have been unable to offer any inaccuracies in our analysis.
We’ve seen that the put up could be very detailed sufficient to debate in regards to the compensation plan and stuff.
We perceive that posts should not be biased as nicely in keeping with feelings however via main due diligence.
We respect your standpoint. Thanks on your time.
The following day CubeBit posted its baloney non-answer response on Fb.
Privately the corporate can’t fault our analysis. Publicly CubeBit misrepresents securities rules and lies to its affiliate buyers.
Usually I’d say this displays poorly on firm administration. Contemplating CubeBit has put in an actor CEO although, what’s the purpose.