Vitae is begging its victims to donate to a authorized protection fund.
The pitch sees Vitae body donations as an
alternative to regain entry to your property/cash for a small contribution, ranging from 10€.
Vitae was a Ponzi scheme run by Michael Weber (proper), a former BitConnect promoter.
Vitae was your commonplace MLM shitcoin affair; spend money on vitae tokens, lambos, moons, and so on. and so on.
In actuality Weber shuffled newly invested funds to pay withdrawals from present associates, coupled with pyramid recruitment commissions.
In August 2020 Weber added Vitae Rain, an adcredit Ponzi scheme.
In June 2021 Belgian authorities shut the Ponzi scheme down and arrested two of its executives.
That case remains to be taking part in out in court docket.
Weber, who now goes by Michael Bradley, now claims BehindMLM is chargeable for Vitae’s shutdown.
The web site scamponzi.com created an article that portrayed me as a fraud and the Vitae.co web site as ponzi scheme.
The Prosecutors used this as their JUST CAUSE to analyze Vitae AG and shut down the web site.
The Prosecutors of Vitae AG now haven’t any JUST CAUSE for his or her investigation and are dropping floor quickly, after basing their investigation on the report produced by this web site.
Practically all of their bases for investigation got here from this one web site and that is massive information.
For the reason that closing of Vitae.co, wearevitae.org started a prosecution of the Belgium Authorities for violating INTERNATIONAL LAW.
The theft of customers “funds” within the type of vitae token and no actual proof of fraud or that Vitae.co was truly a “ponzi scheme” as reported by the web site scamponzi.com.
As a matter of truth, the primary doc investigators wrote about vitae they used scamponzi.com because the supply to indicate that vitae is a rip-off and used it for the justification of the investigation.
Weber put that out just a few weeks in the past in Vitae’s non-public Telegram channel.
There’s a bit to unpack with Weber’s rant, the obvious being you’ll be able to’t “prosecute” Belgian authorities as a civilian.
Secondly, as a lot because it’d be good to publish a evaluation and have a rip-off shut down, that’s not how regulation or regulation enforcement works.
Actually BehindMLM is utilized by authorities as a reputable useful resource, not simply in Belgium however all around the world. However authorities nonetheless have to confirm the data themselves.
A regulator can’t simply rock as much as court docket with a grievance stating “BehindMLM sez…”
Properly they might, however it’s not going to stay.
What possible occurred within the case of Vitae was Belgian authorities obtained a grievance, and BehindMLM’s evaluation of Vitae’s fraudulent scheme kick began their very own investigation.
That investigation led to the arrests and seizure of Vitae’s web sites.
The take-away right here is that the accuracy of the data on BehindMLM is sufficient for authorities to depend on. It’s not all they’ll depend on however it’s sufficient to kind the idea of additional investigation.
Just like the unsuccessful stunt Success by Well being pulled towards the FTC, Vitae is offering victims with “a technique to observe”.
We kindly ask you all to react to this name for help once more in massive numbers!
Trying on the greater image, it’s unlikely that Vitae’s efforts to legalize Ponzi schemes in Belgium will prevail.
That doesn’t cease scammers hiring a lawyer and pushing their victims for authorized charges although. And so right here we’re.
Whereas his co-conspirators have been arrested in Belgium, Michael Weber stays at massive within the US.
Whether or not US authorities are working with their Belgian counterparts is unclear. Publicly at the very least, they’ve but to make a transfer towards Weber.