The Berlin Group launched on the promise of a 168% ROI every 60 days.
ROI revenue was claimed to be generated via a “recycle bot”, explicit particulars of which have been under no circumstances provided.
As I write this just some months out from The Berlin Group’s launch, the company site is offline, invested funds have disappeared and administration are feeding victims excuses.
Formally The Berlin Group was headed up by CEO Joachim Pydde (correct).
Newest developments nonetheless suggest the company is unquestionably run by Laurie Suarez.
Suarez, a convicted scammer, has been scamming people in Australia by the use of the event commerce for years. For The Berlin Group, Suarez reinvented himself as a cryptocurrency expert.
In a communication despatched out to The Berlin Group merchants, Suarez references a “private dialog” between Joachim Pydde and Chris Enviornment.
Consistent with Suarez, throughout the recorded dialog
Mr Pydde principally goes on to say that he’s conscious of little or no about each factor now we’ve carried out over the past 5 months.
I personally do not have something to cowl from our Administration Crew, our members, our group, and fully deny each factor Joachim Pydde has acknowledged on the recording with Chris Enviornment.
Suarez doesn’t state what Pydde acknowledged throughout the recording, nor was I able to find a replica of it.
Learning between the strains though, I give it some thought almost certainly confirms a method or one different that The Berlin Group was a Ponzi scheme.
Suarez alleges Pydde made off with half a million {{dollars}}. As far as I can inform, he’s carried out a runner.
Armed with an email correspondence itemizing of gullible merchants who believed The Berlin Group actually had a recycling bot, Suarez is doing each factor he can to influence all of them is simply not misplaced.
To that end he’s offer you a model new “joint-venture partnership” with Pellegrino Oil and Gas, some agency no particular person has ever heard of out of Uganda.
We’re proud to announce our new JV Companions, Pellegrino Oil and Gas, as our Financial Instrument environment friendly immediately.
The model new JV Affiliate ensures to ship true transparency, integrity, and full dedication to the sustainability of our bot & group shifting forward.
Pellegrino Oil and Gas doesn’t have a digital footprint and doesn’t seem to exist outside of a press-release Suarez unexpectedly put collectively.
Let’s reduce to the chase; Pellegrino Oil & Gas in Uganda offers no additional legitimacy to Laurie Suarez’s Ponzi scheme than some made up recycling bot bullshit in Australia.
Having obtained his share of stolen investor funds, Joachim Pydde has cashed out and gone into hiding.
Laurie Suarez isn’t carried out milking The Berlin Group’s gullible merchants and so now we’ve this mess.
Australian and Ugandan authorities are unlikely to pursue the matter due t the utilization of cryptocurrency.
By now who’s conscious of the place Suarez has squirreled away what he’s stolen.
Attempting forward, little query in some unspecified time sooner or later the Pellegrino Group joint-venture deal will fall by the use of.
This presents Suarez a helpful faceless agency scapegoat, providing the cover he should detach and exit-scam alongside along with your money.
Cue “I tried truly onerous”, “I did each factor I’ll” and so forth. sorry in your loss excuses… and, successfully that’s it truly.
Merely one different day throughout the MLM cryptocurrency space of curiosity…